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TG Therapeutics, Inc. - TGTX STOCK NEWS

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

TG Therapeutics, Inc. (NASDAQ: TGTX) is a biopharmaceutical company headquartered in New York City, dedicated to developing and commercializing innovative treatments for B-cell malignancies and autoimmune diseases. The company has a rich pipeline of products aimed at addressing unmet medical needs in these areas.

One of TG Therapeutics' flagship products is BRIUMVI® (ublituximab-xiiy), a novel monoclonal antibody targeting CD20-expressing B-cells. BRIUMVI is FDA-approved for the treatment of adult patients with relapsing forms of multiple sclerosis (RMS), including clinically isolated syndrome, relapsing-remitting disease, and active secondary progressive disease. The company has also received approval from the European Commission (EC) and the Medicines and Healthcare Products Regulatory Agency (MHRA) for the treatment of RMS in Europe and the United Kingdom, respectively.

In addition to BRIUMVI, TG Therapeutics is advancing several other therapies:

  • TG-1701 (BTK inhibitor)
  • TG-1801 (anti-CD47/CD19 bispecific mAb)
, targeting B-cell disorders in Phase 1 trials. The company is also working on TG-1101 (ublituximab) and TGR-1202 (umbralisib), both in clinical development for hematologic malignancies.

Recent company news highlights the robust clinical activity of BRIUMVI, as demonstrated in the ULTIMATE I & II Phase 3 trials, and the company’s ongoing commitment to the multiple sclerosis community. TG Therapeutics has also been awarded a national contract with the Department of Veterans Affairs (VA) to list BRIUMVI as the preferred agent on the VA National Formulary for Anti-CD20 Antibody indications.

Financially, TG Therapeutics reported strong first-quarter 2024 sales, with BRIUMVI U.S. net revenue exceeding $50 million, leading to revised annual guidance of $270 to $290 million for 2024. The company is focused on expanding its commercial infrastructure and advancing its research pipeline, including developing a subcutaneous form of BRIUMVI and moving the therapy into additional indications beyond MS.

For more information, visit the company’s website at www.tgtherapeutics.com.

Rhea-AI Summary

TG Therapeutics (NASDAQ: TGTX) announced data presentations for the 62nd American Society of Hematology (ASH) annual meeting, occurring virtually from December 5-8, 2020. Key presentations include:

  • Phase 3 UNITY-CLL Study: Umbralisib plus Ublituximab shows superiority over Obinutuzumab plus Chlorambucil in treating CLL.
  • Phase 2 UNITY-NHL Trial: Umbralisib exhibits clinical activity in relapsed/refractory indolent Non-Hodgkin Lymphoma.
  • Phase 1/2 Study: Combines Umbralisib, Ublituximab, and Venetoclax in patients with CLL.

The data will be available on TG's corporate website post-presentation.

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TG Therapeutics (TGTX) recently published data from a Phase 2 study on umbralisib, a dual inhibitor for CLL patients intolerant to other therapies, in Blood. The study involved 51 patients, highlighting a median progression-free survival (PFS) of 23.5 months. The most common adverse events included neutropenia (18%) and pneumonia (12%). Notably, 58% of patients sustained treatment longer than prior therapies. The company is committed to addressing unmet needs in CLL and is pursuing BLA submission for ublituximab combined with umbralisib.

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TG Therapeutics (NASDAQ: TGTX) has initiated a rolling submission of a Biologics License Application (BLA) for ublituximab combined with umbralisib for treating chronic lymphocytic leukemia (CLL). The FDA previously granted Fast Track and Orphan Drug Designations for this combination. The BLA submission is expected to conclude in the first half of 2021. Additionally, umbralisib's NDA for relapsed/refractory marginal zone lymphoma and follicular lymphoma is under FDA review, with PDUFA dates set for February 15 and June 15, 2021, respectively.

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TG Therapeutics will host a fireside chat on December 1, 2020, at 10:05 AM ET, featuring Executive Chairman and CEO Michael S. Weiss. This event is part of the 3rd Annual Evercore ISI HealthCONx Conference. Investors can access the live webcast on the company’s website.

The company is advancing treatments for B-cell malignancies and autoimmune diseases, focusing on investigational drugs ublituximab and umbralisib, known as “U2.” Umbralisib is currently under FDA review for treating specific lymphomas.

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TG Therapeutics, Inc. (NASDAQ: TGTX) announced that Michael S. Weiss, Executive Chairman and CEO, will participate in a fireside chat on November 17, 2020, at 2:20 PM ET during the Jefferies Virtual London Healthcare Conference. A live webcast will be accessible on the company’s Events page. The company focuses on developing innovative treatments for B-cell malignancies and autoimmune diseases, with investigational compounds like ublituximab and umbralisib in late-stage clinical development.

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TG Therapeutics (TGTX) reported its Q3 2020 financial results, highlighting significant advancements in its clinical trials. The UNITY-CLL Phase 3 trial achieved its primary endpoint, indicating improved progression-free survival. The NDA for umbralisib was accepted for MZL and FL, with PDUFA goal dates set for February and June 2021. The company boasts a proforma cash position of $325 million and plans to submit a BLA/NDA for U2 for CLL. R&D expenses decreased, while net loss widened to $87.2 million. A focus remains on upcoming ASH 2020 presentations and remaining 2020 milestones.

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TG Therapeutics (NASDAQ: TGTX) announced promising results from its UNITY-CLL and UNITY-NHL trials, highlighting the efficacy of the U2 combination therapy in chronic lymphocytic leukemia (CLL). The U2 therapy showed a significant increase in progression-free survival (PFS) compared to obinutuzumab plus chlorambucil (HR=0.54, p<0.0001). Additionally, umbralisib monotherapy displayed a 49.3% overall response rate (ORR) in relapsed/refractory marginal zone lymphoma. The company will discuss these findings in a conference call on November 5, 2020.

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TG Therapeutics has announced the acceptance of four abstracts for presentation at the 62nd American Society of Hematology (ASH) meeting, scheduled for December 5-8, 2020. The abstracts highlight key data from registration-directed trials of ublituximab and umbralisib, including results from the UNITY-CLL Phase 3 trial. An NDA for umbralisib monotherapy is under review, with a BLA/NDA submission for the U2 combination planned in coming months. A Zoom conference call with trial investigators will occur on November 5, 2020, at 8:45 AM ET.

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TG Therapeutics, on October 21, 2020, announced that the FDA granted Fast Track Designation for its U2 combination therapy, ublituximab and umbralisib, aimed at treating chronic lymphocytic leukemia (CLL). This designation facilitates expedited development and regulatory review, addressing significant unmet medical needs for CLL patients. The Fast Track application was backed by positive data from the UNITY-CLL Phase 3 trial, which met its primary endpoint of progression-free survival. Data presentation from this trial is expected later this year, supporting regulatory submission.

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TG Therapeutics (NASDAQ: TGTX) will participate in two virtual investor conferences. CEO Michael S. Weiss is scheduled for fireside chats at the H.C. Wainwright 22nd Annual Global Investment Conference on September 14, 2020, at 1:30 PM ET, and at the Cantor Fitzgerald Global Healthcare Conference on September 16, 2020, at 10:40 AM ET. Live webcasts of the presentations will be available on the company’s website. TG Therapeutics focuses on developing treatments for B-cell malignancies and autoimmune diseases, with two investigational compounds currently in late-stage clinical development.

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FAQ

What is the current stock price of TG Therapeutics (TGTX)?

The current stock price of TG Therapeutics (TGTX) is $35.07 as of November 22, 2024.

What is the market cap of TG Therapeutics (TGTX)?

The market cap of TG Therapeutics (TGTX) is approximately 5.4B.

What is TG Therapeutics' primary focus?

TG Therapeutics focuses on developing and commercializing treatments for B-cell malignancies and autoimmune diseases.

What is BRIUMVI?

BRIUMVI (ublituximab-xiiy) is a monoclonal antibody targeting CD20-expressing B-cells, approved for treating relapsing forms of multiple sclerosis (RMS).

Where is TG Therapeutics headquartered?

The company is headquartered in New York City.

What recent financial performance did TG Therapeutics report?

The company reported over $50 million in BRIUMVI U.S. net revenue for Q1 2024 and updated its annual guidance to $270 to $290 million.

Has BRIUMVI received regulatory approvals outside the U.S.?

Yes, BRIUMVI has been approved by the European Commission (EC) and the Medicines and Healthcare Products Regulatory Agency (MHRA) for RMS treatment in Europe and the UK.

What other therapies is TG Therapeutics developing?

TG Therapeutics is also developing TG-1701, TG-1801, TG-1101 (ublituximab), and TGR-1202 (umbralisib) for B-cell disorders and hematological malignancies.

What are the ULTIMATE I & II Phase 3 trials?

The ULTIMATE I & II trials are clinical studies evaluating the efficacy of BRIUMVI in treating relapsing forms of multiple sclerosis.

What support programs does TG Therapeutics offer for BRIUMVI?

TG Therapeutics offers BRIUMVI Patient Support, a flexible program designed to assist U.S. patients through their treatment journey.

What is the significance of TG Therapeutics' national contract with the VA?

The contract makes BRIUMVI the preferred anti-CD20 antibody therapy for RMS on the VA National Formulary, enhancing access for veterans.

Where can more information about TG Therapeutics be found?

More information is available on the company's website at www.tgtherapeutics.com.

TG Therapeutics, Inc.

Nasdaq:TGTX

TGTX Rankings

TGTX Stock Data

5.37B
140.87M
9.5%
66.42%
20.54%
Biotechnology
Pharmaceutical Preparations
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United States of America
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