Welcome to our dedicated page for Synlogic news (Ticker: SYBX), a resource for investors and traders seeking the latest updates and insights on Synlogic stock.
Synlogic, Inc. (SYBX) pioneers synthetic biology solutions targeting rare metabolic disorders through its innovative engineered probiotics. This dedicated news hub provides investors and industry observers with essential updates on clinical developments, regulatory milestones, and strategic partnerships.
Access timely reports on Synlogic's synthetic biotics platform progress, including trial results for phenylketonuria (PKU) therapies and microbiome research breakthroughs. Our curated collection features earnings announcements, patent filings, and scientific collaborations that shape the company's trajectory in biopharmaceutical innovation.
Key updates include FDA designations, partnership agreements with leading research institutions, and advancements in oral therapeutic delivery systems. Bookmark this page for streamlined access to verified information about Synlogic's novel approach to metabolic disease treatment.
Synlogic (SYBX) announced the pricing of an underwritten public offering, selling 10 million shares at $3.00 each, aiming for gross proceeds of $30 million. The offering will close around April 20, 2021, pending usual conditions. An additional 1.5 million shares may be purchased at the same price by the underwriter. The offering is conducted under a shelf registration statement effective since August 2018. The funds raised will support Synlogic's innovative Synthetic Biotic medicines targeting metabolic disorders, including Phenylketonuria and Enteric Hyperoxaluria.
Synlogic (Nasdaq: SYBX), based in Cambridge, Massachusetts, has commenced an underwritten public offering of its common stock as of April 15, 2021. All shares will be offered by the company, with a possibility for the underwriter to purchase an additional 15% of the shares within 30 days. The offering is contingent on market conditions, and specifics regarding size and terms are not guaranteed. The prospectus will be available on the SEC's website. Synlogic focuses on synthetic biology aimed at treating metabolic disorders.
Synlogic, Inc. (Nasdaq: SYBX) presented Phase 1 study data for SYNB1618, an oral treatment for Phenylketonuria (PKU), during the ACMG annual meeting. The results reveal that the solid oral formulation is well tolerated and metabolically active, effectively reducing plasma D5-Phe levels in healthy volunteers. This data supports further clinical development, with a Phase 2 trial, SynPheny, targeting adults with PKU expected to yield results in late 2021. PKU is a serious genetic disorder that requires early intervention to prevent neurological damage.
Synlogic, Inc. (Nasdaq: SYBX) presented data on its investigational drug SYNB1891 for treating solid tumors and lymphoma at the AACR annual meeting. The ongoing Phase 1 clinical trial demonstrated that SYNB1891 is safe and well-tolerated, with no dose-limiting toxicities reported. It showed target engagement through dose-dependent increases in serum cytokines and evidence of durable stable disease in two patients. The company is advancing the drug through further dose escalation and plans to report combination therapy data by the end of 2021.
Synlogic, Inc. (Nasdaq: SYBX) announced participation in virtual conferences, including the 20th Annual Needham Virtual Healthcare Conference on April 12, 2021 and the Jefferies Microbiome-based Therapeutics Summit on April 22, 2021. CEO Aoife Brennan and Daniel Rosan will present at the Needham conference, while Brennan will engage in a Fireside Chat at the Jefferies Summit. These events aim to showcase Synlogic's synthetic biology platform and pipeline targeting metabolic disorders and immunology. Webcasts will be available on their website.
Synlogic, Inc. (SYBX) reported its 2020 financial results, revealing a consolidated net loss of $59.2 million, or $1.65 per share, compared to a net loss of $51.4 million in 2019. The company had no revenue in Q4 2020, down from $1.2 million in Q4 2019. However, significant advancements were noted in its clinical programs for Phenylketonuria (PKU) and Enteric Hyperoxaluria, with positive proof-of-mechanism data in humans. Synlogic anticipates important clinical readouts later this year and projected sufficient cash to fund operations into 2023.
Synlogic, Inc. (Nasdaq: SYBX) announced that SYNB8802 achieved proof of mechanism in its Dietary Hyperoxaluria study, demonstrating a 28.6% reduction in urinary oxalate levels compared to placebo. The treatment was well-tolerated in healthy volunteers, leading to the initiation of Part B, which will evaluate SYNB8802 in patients post-Roux-en-Y gastric bypass surgery. Data is expected in the second half of 2021. SYNB8802 aims to provide treatment for Enteric Hyperoxaluria, a condition with no approved therapies.
Synlogic, Inc. (NASDAQ: SYBX) announced it will release its fourth quarter and full year 2020 financial results on March 25, 2021, before market opening. A conference call will follow at 8:30 am ET, featuring a review of financial outcomes and corporate updates. Domestic callers can dial (844) 815-2882, while international callers should use (213) 660-0926, with conference ID 4897219. The call will be accessible via webcast on the Synlogic website, with a replay available for 30 days.
Synlogic, Inc. (Nasdaq: SYBX) announced the promotion of Dr. Caroline Kurtz to Chief Development Officer, overseeing portfolio strategy and the advancement of its Synthetic Biotic medicines, including SYNB1618 and SYNB8802. With 25 years of experience, Dr. Kurtz aims to drive clinical progress. Additionally, Daniel Rosan was promoted to Senior Vice President and Head of Finance, while Dr. Jamie Austin assumed leadership in Regulatory Affairs. The company focuses on metabolic disorders and looks to leverage its synthetic biology platform for therapeutic development.
On February 15, 2021, Synlogic (Nasdaq: SYBX) announced upcoming presentations by CEO Aoife Brennan and the executive team at several virtual banking and industry conferences. Key events include the BIO CEO & Investor Digital Conference on February 16, Cantor Fitzgerald Industry Panel on February 18, and the SVB Leerink Global Healthcare Conference on February 25. Synlogic focuses on synthetic biology to create medicines for metabolic disorders and other diseases. Archived webcasts will be available on their website for 30 days post-event.
