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TScan Therapeutics, Inc. - TCRX STOCK NEWS

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

TScan Therapeutics, Inc. (NASDAQ: TCRX) is a pioneering biopharmaceutical company focused on developing advanced T-cell receptor (TCR) engineered T cell therapies (TCR-T) aimed at treating cancer. Specializing in harnessing novel T cell systems, TScan is at the forefront of extending the promise of immunotherapy to patients with hematologic malignancies and solid tumors.

The company's leading therapies, TSC-100 and TSC-101, are designed to eliminate residual leukemia and prevent relapse in patients with blood cancers such as acute myeloid leukemia (AML) and acute lymphoblastic leukemia (ALL) undergoing hematopoietic stem cell transplantation. These liquid tumor TCR-T therapy candidates are currently in development, reflecting TScan's commitment to improving patient outcomes.

TScan is also developing multiplexed TCR-T therapy candidates for treating various solid tumors, showcasing the company's versatility and innovative approach in the immunotherapy landscape. Recent recognition includes the RMAT designation granted for both TSC-100 and TSC-101, highlighting their potential significance in cancer treatment.

In addition to its groundbreaking therapeutic developments, TScan Therapeutics maintains strong partnerships and a robust financial foundation. The company frequently updates its stakeholders through transparent communication and investor relations, ensuring that all relevant developments and milestones are promptly shared.

For the latest news and updates, you can contact Heather Savelle, VP of Investor Relations, at 857-399-9840 or via email at hsavelle@tscan.com. Further inquiries can also be directed to Joyce Allaire, Managing Director at LifeSci Advisors, LLC, at 617-435-6602 or jallaire@lifesciadvisors.com.

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TScan Therapeutics (NASDAQ: TCRX) has secured a term loan facility of up to $52.5 million from Silicon Valley Bank (SVB). The first tranche of $32.5 million will retire existing convertible debt with K2 Health Ventures, with the remaining funds for general corporate purposes. A second $20.0 million tranche can be drawn through June 2026.

The loan bears interest at the greater of 7.00% or prime rate minus 0.75%, capped at 9.75%. Maturity is set for September 2029, with interest-only payments until September 2027, subject to meeting certain milestones. The company expects its cash resources to fund operations into Q4 2026.

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TScan Therapeutics (NASDAQ: TCRX) presented updated results from their ALLOHA™ Phase 1 trial of TSC-100 and TSC-101, treatments designed to prevent relapse in patients with AML, ALL, and MDS post-transplant. The trial enrolled 38 patients (26 treatment, 12 control).

Key findings show significantly better event-free survival in the treatment arm (HR=0.30; p=0.04) with lower relapse rates (8% vs 33% in control). No dose-limiting toxicities were observed, and treatments were well-tolerated across all dose levels. Notably, among patients with TP53 mutations, none of the 4 treated patients relapsed, while both control patients relapsed within 6 months.

Based on these results, the company plans to launch a pivotal trial in the second half of 2025.

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TScan Therapeutics (Nasdaq: TCRX) has been recognized as one of the Top Places to Work in Massachusetts by The Boston Globe for the third consecutive year. The recognition is based on an employee survey conducted by Energage, involving nearly 68,000 employees across 323 Massachusetts organizations. The survey evaluates various aspects including company direction, execution, management, work environment, compensation, and employee engagement.

The company, which focuses on developing TCR-engineered T cell therapies for cancer treatment, was evaluated among different workplace categories based on employee count. CEO Gavin MacBeath highlighted the company's commitment to advancing their clinical-stage pipeline for heme malignancies and solid tumors, while SVP of Human Resources Ann Hargraves emphasized the organization's growth and culture development over the past five years.

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TScan Therapeutics (Nasdaq: TCRX) announces a virtual KOL event to discuss data from their ALLOHA™ Phase 1 heme trial presented at the ASH Annual Meeting and their clinical development strategy. The event, scheduled for December 10 at 8:00 a.m. ET, will review preliminary results of TSC-100 and TSC-101 in patients with AML, ALL, and MDS undergoing allogeneic hematopoietic cell transplantation. The company will also provide updates on their PLEXI-T™ Phase 1 solid tumor trial and discuss potential registrational pathways following their FDA meeting.

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TScan Therapeutics (NASDAQ: TCRX) reported Q3 2024 financial results with revenue of $1.0 million, down from $3.9 million in Q3 2023. Net loss widened to $29.9 million from $23.0 million year-over-year. R&D expenses increased to $26.3 million, while G&A expenses rose to $7.4 million.

The company's ALLOHA Phase 1 trial showed promising results with no relapses in 16 treatment-arm patients, including five patients at one-year post-transplant. Cash position stands at $271.1 million, expected to fund operations into Q4 2026. TScan plans to present updated trial data at the upcoming ASH Annual Meeting and remains on track to dose its first patient with multiplex TCR-T therapy.

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TScan Therapeutics (NASDAQ: TCRX) announced preliminary results from the ALLOHA™ Phase 1 trial of TSC-100 and TSC-101 for blood cancers. The trial enrolled 27 patients, with 16 in the treatment arm and 11 in the control arm. Key findings showed no relapses in the treatment arm versus three relapses in the control arm, with a median time to relapse of 159 days in the control group. All five TSC-treated patients reaching one-year follow-up remained relapse-free and MRD negative. No dose-limiting toxicities were reported, and safety profiles were similar between treatment and control arms.

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TScan Therapeutics, Inc. (Nasdaq: TCRX), a clinical-stage biotechnology company developing T cell receptor (TCR)-engineered T cell therapies for cancer treatment, announced the acceptance of three abstracts for poster presentation at the Society for Immunotherapy of Cancer (SITC) 39th Annual Meeting. The event will be held from November 6-10 in Houston, TX and virtually.

The presentations include:

  • Discovery of a MAGE-A4-specific TCR-T Therapy Candidate for Multiplex Treatment of Solid Tumors
  • Preclinical Models for T-Plex, a Customized Multiplexed TCR-T Cell Therapy Addressing Intra-Tumor Antigen and HLA Heterogeneity
  • Development of a Target Agnostic Platform to Assess the Reactivity of TCR-T Therapies to Primary Human Tissues

All presentations will take place in the Exhibit Halls AB at the George R. Brown Convention Center. The presentation materials will be available on TScan's website after the event concludes.

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TScan Therapeutics (Nasdaq: TCRX), a clinical-stage biotech company developing T cell receptor-engineered T cell (TCR-T) therapies for cancer treatment, has announced its participation in two upcoming investor conferences:

1. Morgan Stanley 22nd Annual Global Healthcare Conference: Fireside chat on September 5, 2024, at 8:30 a.m. ET at the New York Marriott Marquis.

2. H.C. Wainwright 26th Annual Global Investment Conference: Presentation on September 10, 2024, at 9:00 a.m. ET at the Lotte New York Palace Hotel.

Webcasts of both events will be available on TScan's website under the "Events and Presentations" section, with archived replays accessible for 90 days post-event.

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TScan Therapeutics (Nasdaq: TCRX) reported Q2 2024 financial results and provided a corporate update. Key highlights include:

1. FDA granted RMAT designation to TSC-100 and TSC-101 for treating AML, ALL, and MDS patients undergoing allogeneic HCT.

2. Engaged a global CDMO for pivotal trials and commercialization manufacturing support.

3. On track to report initial solid tumor program data and one-year ALLOHA Phase 1 heme trial data by end of 2024.

4. Cash position of $297.7 million, funding operations into Q4 2026.

5. Q2 2024 revenue: $0.5 million; R&D expenses: $26.9 million; G&A expenses: $7.8 million; Net loss: $31.7 million.

6. Anticipating expansion cohorts opening in Q3 2024 and initiation of a registration trial in 2025.

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TScan Therapeutics, a clinical-stage biopharmaceutical company, announced changes to its Board of Directors. Garry A. Nicholson, an executive with extensive regulatory and commercial expertise, has joined the board. Timothy Barberich has retired as Chair, and Stephen Biggar, M.D., Ph.D., a current board member, will assume the role of Chair. CEO Gavin MacBeath highlighted Nicholson's 35+ years of oncology experience, including his tenure as president of Pfizer Oncology. Nicholson will support TScan’s mission to advance T cell receptor-engineered therapies for cancer. Barberich, who joined the board in 2019 and served as Chair since 2021, was acknowledged for his contributions. Biggar, a board member since 2021, steps into the leadership role. Nicholson's background includes leadership roles at Pfizer, Eli Lilly, and XTuit Pharmaceuticals, as well as board positions at several biotech companies.

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FAQ

What is the current stock price of TScan Therapeutics (TCRX)?

The current stock price of TScan Therapeutics (TCRX) is $3.01 as of December 23, 2024.

What is the market cap of TScan Therapeutics (TCRX)?

The market cap of TScan Therapeutics (TCRX) is approximately 156.4M.

What is TScan Therapeutics, Inc.?

TScan Therapeutics, Inc. is a biopharmaceutical company specializing in T-cell receptor (TCR) engineered T cell therapies (TCR-T) for cancer treatment.

What are TScan's leading therapy candidates?

TScan's leading therapy candidates are TSC-100 and TSC-101, aimed at treating blood cancers like AML and ALL.

What recent recognition has TScan's therapies received?

TSC-100 and TSC-101 have been granted RMAT designation for their potential in treating AML, ALL, and MDS.

What types of cancer does TScan focus on?

TScan focuses on hematologic malignancies and various solid tumors.

How does TScan aim to improve cancer treatment?

TScan aims to improve cancer treatment by developing TCR-T therapies that target and eliminate residual cancer cells, reducing the risk of relapse.

How can I contact TScan's Investor Relations?

You can contact Heather Savelle, VP of Investor Relations, at 857-399-9840 or via email at hsavelle@tscan.com.

Where can I get the latest updates about TScan?

Latest updates and news can be found by contacting TScan's Investor Relations or visiting their official website.

What is the stock symbol for TScan Therapeutics, Inc.?

TScan Therapeutics, Inc. trades on NASDAQ under the symbol TCRX.

Who are the key contacts for media inquiries at TScan?

For media inquiries, you can contact Heather Savelle at TScan Therapeutics or Maghan Meyers at Argot Partners.

What are TScan's goals in immunotherapy?

TScan aims to extend the promise of immunotherapy through innovative TCR-T cell therapies that offer new hope to cancer patients.

TScan Therapeutics, Inc.

Nasdaq:TCRX

TCRX Rankings

TCRX Stock Data

156.38M
52.81M
0.82%
86%
4.3%
Biotechnology
Biological Products, (no Disgnostic Substances)
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United States of America
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