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Portage Biotech Inc. - PRTG STOCK NEWS

Welcome to our dedicated page for Portage Biotech news (Ticker: PRTG), a resource for investors and traders seeking the latest updates and insights on Portage Biotech stock.

Portage Biotech Inc. (NASDAQ: PRTG) is a leading clinical-stage immuno-oncology company based in Canada. The company is dedicated to developing innovative therapies aimed at overcoming immune resistance in cancer patients. With a strong focus on unmet clinical needs, Portage Biotech is managing an impressive pipeline of 10 immuno-oncology assets at various stages of development.

Portage Biotech's key products include IMM-60, an invariant natural killer T cell (iNKT) engager, and PORT-6 and PORT-7, which are adenosine 2A (A2A) and adenosine 2B (A2B) inhibitors, respectively. These assets are being developed for various cancers, including non-small cell lung cancer (NSCLC) and advanced melanoma.

Notably, the company recently presented updates from its ongoing IMPORT-201 Phase 1/2 trial of PORT-2 (IMM-60) and its ADPORT-601 adaptive Phase 1a/1b trial for PORT-6 and PORT-7 at the Society for Immunotherapy of Cancer's (SITC) Annual Meeting. The data shows promising results in safety and tolerability, as well as potential efficacy in combination therapies with Merck’s anti-PD-1 therapy, KEYTRUDA® (pembrolizumab).

Portage Biotech's unique business model leverages strong partnerships with academic experts and large pharmaceutical companies to rapidly advance multiple products efficiently. The company's commitment to patient-centric approaches and innovative trial designs aims to identify and target patient populations most likely to benefit from treatment. Despite challenges, including the decision to pause further drug development in the PORT-2 iNKT program due to funding constraints, Portage Biotech is focused on advancing its adenosine platform and continuing impactful clinical trials.

For the latest updates, financial results, and to learn more about ongoing and future projects, visit their official website.

Rhea-AI Summary
Portage Biotech Inc. (NASDAQ: PRTG) reported financial results for the fiscal quarter ended September 30, 2023. The company is focused on developing its two lead clinical programs, PORT-2 and PORT-6, and presented updated data at the Society for Immunotherapy of Cancer’s (SITC) Annual Meeting. The company also completed a $6 million financing in October 2023 for continued clinical development, general corporate, and working capital purposes.
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Portage Biotech Inc. announced updates from its ongoing clinical trials of PORT-2 and PORT-6/PORT-7 for patients with non-small cell lung cancer (NSCLC) and melanoma. The data showed favorable safety and tolerability of PORT-2 as a monotherapy and in combination with KEYTRUDA®. The ADPORT-601 trial will evaluate PORT-6 and PORT-7 in tumors that overexpress adenosine, in combination with pembrolizumab.
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Portage Biotech Inc. (NASDAQ: PRTG) announces a definitive agreement for the purchase and sale of 3,157,895 shares of common stock at $1.90 per share, with expected gross proceeds of approximately $6.0 million. The company will also issue unregistered warrants for the purchase of additional shares. The net proceeds will be used for clinical development and general corporate purposes.
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Portage Biotech Inc. to participate in Cantor Global Healthcare Conference
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Portage Biotech Inc. enters clinical trial collaboration with Merck to evaluate its adenosine antagonists in combination with KEYTRUDA for solid tumors.
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Portage Biotech Inc. reports financial results for Q2 2023, focusing on clinical programs PORT-2, PORT-6, and PORT-7. Positive highlights include favorable interim data for PORT-2 showing monotherapy activity and reduction of target lesions. The company is expanding its clinical footprint to 17 sites to accelerate patient accrual. The Phase 1 portion of the trial is expected to have final data in Q1 2024. The first patient was dosed in the Phase 1a trial for PORT-6. Operating expenses increased by $0.9 million, primarily due to clinical trial costs and manufacturing costs associated with adenosine assets acquired in the Tarus acquisition. R&D costs increased by 89% to $3.6 million, while G&A expenses decreased by 36% to $1.4 million. The company had cash and cash equivalents of $7.7 million as of June 30, 2023.
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Portage Biotech Inc. (PRTG) accelerates clinical programs, presents positive interim data for iNKT engager PORT-2, and initiates Phase 1a trial of PORT-6. Company enters clinical collaboration with Merck and hosts KOL webinar. Financial results show net loss of $104.7 million for the fiscal year ended March 31, 2023.
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FAQ

What is the current stock price of Portage Biotech (PRTG)?

The current stock price of Portage Biotech (PRTG) is $5.39 as of December 23, 2024.

What is the market cap of Portage Biotech (PRTG)?

The market cap of Portage Biotech (PRTG) is approximately 6.7M.

What does Portage Biotech Inc. specialize in?

Portage Biotech Inc. specializes in developing immuno-oncology therapies to overcome immune resistance in cancer patients.

What are the key products in Portage Biotech's pipeline?

Key products include IMM-60 (iNKT engager), PORT-6 (A2A inhibitor), and PORT-7 (A2B inhibitor).

Where is Portage Biotech Inc. based?

Portage Biotech Inc. is based in Canada.

What recent clinical trials has Portage Biotech presented data from?

Portage Biotech presented data from the IMPORT-201 Phase 1/2 trial of PORT-2 and the ADPORT-601 adaptive Phase 1a/1b trial for PORT-6 and PORT-7.

What is the focus of the ADPORT-601 trial?

The ADPORT-601 trial focuses on evaluating adenosine 2A and 2B inhibitors in combination with other immunotherapies for solid tumors.

What partnerships does Portage Biotech leverage?

Portage Biotech leverages partnerships with academic experts and large pharmaceutical companies like Merck.

What decision did Portage Biotech make regarding the PORT-2 iNKT program?

Portage Biotech decided to pause further development in the PORT-2 iNKT program due to funding constraints.

What is the significance of Portage Biotech's business model?

Portage Biotech's business model enables rapid advancement of multiple products through strong academic and pharmaceutical partnerships.

How does Portage Biotech aim to improve patient outcomes?

By developing multi-targeted therapies and identifying patient populations most likely to benefit from their treatments.

Where can more information about Portage Biotech be found?

More information can be found on their official website at www.portagebiotech.com.

Portage Biotech Inc.

Nasdaq:PRTG

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