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Spero Therapeutics, Inc. - SPRO STOCK NEWS

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

Spero Therapeutics, Inc. (symbol: SPRO) is a clinical-stage biopharmaceutical company dedicated to the development of innovative therapies to combat multi-drug-resistant (MDR) bacterial infections and rare diseases. The company's mission is to bring novel treatments to patients who are in dire need of effective options against these challenging infections.

Core Business and Product Pipeline

Spero's lead product candidate is tebipenem pivoxil hydrobromide (tebipenem HBr), an oral carbapenem-class antibiotic designed to treat MDR Gram-negative infections in adults. This groundbreaking product addresses a critical need for effective oral therapies in the fight against resistant bacterial infections.

In addition to tebipenem HBr, Spero is also developing SPR720, a novel oral antibiotic aimed at treating pulmonary non-tuberculous mycobacterial (NTM) infections, a rare and often difficult-to-treat orphan disease. Furthermore, the company's pipeline includes SPR206, an investigational next-generation polymyxin product intended for intravenous administration in hospital settings to combat severe MDR Gram-negative infections.

Recent Achievements and Partnerships

Spero Therapeutics has made significant strides in its development programs. The company has secured a $95 million development milestone payable over two years as part of a licensing agreement with GSK, highlighting its potential and industry recognition. These funds are instrumental in advancing its clinical trials and bringing its innovative therapies closer to market.

Company Culture and Team

Spero Therapeutics prides itself on a culture of respect, action, collaboration, and transparency. The team comprises leaders in the field who are passionate about making a difference. This collaborative ethos ensures that every team member is not only contributing their expertise but also feeling like an integral part of the company's innovative journey.

In summary, Spero Therapeutics, Inc. is at the forefront of developing novel treatments for some of the most challenging and resistant bacterial infections. With its promising product pipeline and strong industry partnerships, the company is well-positioned to make a significant impact in the biopharmaceutical landscape.

Rhea-AI Summary
Spero Therapeutics, Inc. (Nasdaq: SPRO) announced the first patient, first visit for PIVOT-PO, a global pivotal Phase 3 clinical trial of tebipenem HBr in patients with complicated urinary tract infections (cUTI), including acute pyelonephritis (AP). Spero is entitled to receive $95 million in development milestone payments from GSK, payable in four equal installments over two years. The trial is designed to enroll approximately 2,648 patients, with randomization stratified by age, baseline diagnosis, and the presence or absence of urinary tract instrumentation. Positive results from PIVOT-PO could support approval of tebipenem HBr as a treatment for cUTI, including pyelonephritis, for a limited use indication.
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Spero Therapeutics, Inc. (Nasdaq: SPRO) has announced a Special Protocol Assessment Agreement with FDA for Phase 3 PIVOT-PO trial of tebipenem HBr. The trial is expected to begin with First Patient, First Visit in 4Q 2023. The company also provided a business update and third-quarter financial results, highlighting substantial progress across its late-stage programs throughout 2023 and anticipated milestones before year-end.
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Spero Therapeutics, Inc. (Nasdaq: SPRO) will host a conference call and live audio webcast on November 13, 2023, at 4:30 p.m. ET to report its third quarter 2023 financial results and provide an update on its business and pipeline. The call can be accessed by dialing 1-877-704-4453 (domestic) or 1-201-389-0920 (international) with conference ID 13741831, or through the company's website. The webcast will be available on the website for 30 days after the call.
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Spero Therapeutics, a biopharmaceutical company focused on rare diseases and MDR bacterial infections, announced that its CEO will be attending two upcoming conferences: the Truist Securities BioPharma Symposium on November 8-9, 2023, and the 6th Annual Evercore ISI HealthCONx Conference on November 28-30, 2023.
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Spero Therapeutics, Inc. has appointed Esther Rajavelu as Chief Financial Officer and Chief Business Officer. Rajavelu brings over two decades of experience in the life sciences sector and will play a key role in the company's success as they advance their pipeline and prepare for upcoming milestones.
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Spero Therapeutics, Inc. announced the grant of 65,000 restricted stock unit awards (RSUs) to a new employee under the 2019 Inducement Equity Incentive Plan. The RSUs will vest in four equal annual installments starting from November 1, 2024.
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Spero Therapeutics approves grant of 110,000 restricted stock unit awards to new employees
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Spero Therapeutics to present at Cantor Fitzgerald’s Global Healthcare 2023 Investor Conference
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Spero Therapeutics to present at H.C. Wainwright 25th Annual Global Investment Conference
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Spero Therapeutics grants 83,000 RSUs to new employees under the 2019 Inducement Plan.
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FAQ

What is the current stock price of Spero Therapeutics (SPRO)?

The current stock price of Spero Therapeutics (SPRO) is $1.16 as of November 22, 2024.

What is the market cap of Spero Therapeutics (SPRO)?

The market cap of Spero Therapeutics (SPRO) is approximately 63.0M.

What is the primary focus of Spero Therapeutics?

Spero Therapeutics focuses on developing novel therapies to treat multi-drug-resistant bacterial infections and rare diseases.

What are the main product candidates of Spero Therapeutics?

The main product candidates include tebipenem HBr for MDR Gram-negative infections, SPR720 for NTM disease, and SPR206 for severe hospital MDR infections.

What is tebipenem HBr?

Tebipenem HBr is an oral carbapenem-class antibiotic designed to treat multi-drug-resistant Gram-negative infections in adults.

What is SPR720?

SPR720 is a novel oral antibiotic aimed at treating pulmonary non-tuberculous mycobacterial infections, a rare orphan disease.

What is SPR206?

SPR206 is an investigational next-generation polymyxin product developed for intravenous administration to treat severe MDR Gram-negative infections in hospitals.

What recent achievement has Spero Therapeutics made?

Spero secured a $95 million development milestone payable over two years as part of a licensing agreement with GSK.

How does Spero Therapeutics foster its company culture?

Spero promotes a culture of respect, action, collaboration, and transparency, ensuring all team members feel part of the company's innovative journey.

Who can I contact for investor relations at Spero Therapeutics?

For investor relations, contact Ted Jenkins, Vice President of Investor Relations and Strategic Finance at IR@sperotherapeutics.com or (617) 798-4039.

Who should media inquiries be directed to at Spero Therapeutics?

Media inquiries can be directed to Lora Grassilli, Health Media Relations at Zeno Group, lora.grassilli@zenogroup.com or 646-932-3735.

What sets Spero Therapeutics apart in the biopharmaceutical industry?

Spero's focus on novel treatments for MDR infections and rare diseases, combined with their collaborative and transparent culture, sets them apart in the industry.

Spero Therapeutics, Inc.

Nasdaq:SPRO

SPRO Rankings

SPRO Stock Data

62.97M
42.94M
20.13%
23.05%
1.16%
Biotechnology
Pharmaceutical Preparations
Link
United States of America
CAMBRIDGE