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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.

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TG Therapeutics, Inc. (NASDAQ: TGTX) reported its financial results for Q4 and full-year 2021, highlighting a net loss of $93.3 million for Q4 and $348.1 million for the year. Product revenue reached $2.3 million for Q4 and $6.5 million for the year from UKONIQ. The company remains optimistic about 2022, with pending FDA submissions for ublituximab and UKONIQ in treating multiple sclerosis and chronic lymphocytic leukemia. Cash reserves stand at $350.3 million, expected to fund operations into 2023.

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TG Therapeutics, Inc. (NASDAQ: TGTX) presented new data from the Phase 3 ULTIMATE I & II trials at the ACTRIMS annual forum, showcasing the potential of ublituximab in treating relapsing forms of multiple sclerosis (RMS). Highlights include significant reductions in hypointense lesions and favorable safety profiles. Ublituximab demonstrated a 4.9x lower volume and a 3.6x fewer number of lesions compared to teriflunomide. The company anticipates an FDA decision on ublituximab by September 28, 2022. These findings may impact the treatment landscape for RMS.

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TG Therapeutics (NASDAQ: TGTX) will host a conference call on March 1, 2022, at 8:30 AM ET to discuss its fourth quarter and year-end 2021 results. CEO Michael S. Weiss will lead the call, which will also provide insights into the business outlook for 2022. The financial results will be published in a press release prior to the call. TG Therapeutics focuses on developing treatments for B-cell malignancies and autoimmune diseases, with several programs in advanced clinical stages, including the FDA-approved UKONIQ® for specific lymphomas.

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TG Therapeutics, Inc. (NASDAQ: TGTX) announced data presentations from the ULTIMATE I & II Phase 3 trials of ublituximab for relapsing multiple sclerosis (RMS) at the ACTRIMS forum on February 24-26, 2022. Three abstracts will detail encouraging analyses reinforcing ublituximab's potential as a treatment option. Both trials met their primary endpoint, showing a significant reduction in annualized relapse rate compared to teriflunomide (p<0.005). The trials enrolled 1,094 patients across 10 countries, conducted under FDA agreement.

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TG Therapeutics has announced that Michael S. Weiss, the Company’s Chairman and CEO, will participate in a fireside chat at the B. Riley Securities’ 2022 Virtual Oncology Investor Conference on January 27, 2022, at 10:00 AM ET. A live webcast of the event will be available on the Company’s website, with a replay accessible afterward. TG Therapeutics is focused on developing treatments for B-cell malignancies and autoimmune diseases, with several investigational medicines and FDA accelerated approvals, including UKONIQ for certain lymphoma treatments.

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TG Therapeutics, Inc. (TGTX) announced that its CEO, Michael S. Weiss, will present at the 40th Annual J.P. Morgan Healthcare Conference on January 10, 2022, at 9:45 AM ET. The event aims to highlight the company’s advancements in novel treatments for B-cell malignancies and autoimmune diseases. TG Therapeutics has received FDA accelerated approval for UKONIQ®, targeting specific lymphoma patients, and is progressing with three Phase 3 programs and several Phase 1 investigational medicines. A live webcast will be accessible on their website.

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TG Therapeutics has announced an amendment to its term loan facility with Hercules Capital, increasing the facility size to $200 million, with $70 million funded at closing. This strategic move aims to enhance financial flexibility and strengthen the company's balance sheet as it approaches key FDA approvals for its drug candidates, particularly the combination therapy of ublituximab and umbralisib for chronic lymphocytic leukemia.

The amendment allows for additional funding contingent on FDA approvals.

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TG Therapeutics (TGTX) recently presented data from the UNITY-CLL Phase 3 trial at the 63rd ASH annual meeting. This trial evaluated the efficacy of the U2 combination therapy, consisting of ublituximab and umbralisib, in treating chronic lymphocytic leukemia (CLL) patients. The study enrolled 210 patients, highlighting significant results among treatment-naïve patients, with a progression-free survival (PFS) of 38.5 months and an overall response rate (ORR) of 84%. In previously treated patients, PFS was 19.5 months with an ORR of 82%. The findings support U2's potential for patients with co-morbidities.

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TG Therapeutics (NASDAQ: TGTX) announced the acceptance of its Biologics License Application (BLA) for ublituximab, a monoclonal antibody targeting CD20, by the FDA as a treatment for relapsing forms of multiple sclerosis (RMS). The FDA set a Prescription Drug User Fee Act (PDUFA) goal date of September 28, 2022, for its review. The application is based on successful results from the ULTIMATE I & II Phase 3 trials, which demonstrated significant efficacy over teriflunomide. This marks TG Therapeutics' first marketing application for an autoimmune indication.

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TG Therapeutics, Inc. (NASDAQ: TGTX) presented four data presentations during the 63rd American Society of Hematology (ASH) annual meeting, focusing on the investigational therapies U2 (ublituximab and umbralisib) and TG-1701. Key results include a 70% overall response rate in relapsed/refractory marginal zone lymphoma patients and significant findings in chronic lymphocytic leukemia therapy. The company aims to enhance patient care for B-cell malignancies through ongoing research. The results highlight the potential of U2-based therapies for improving treatment outcomes.

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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
NEW YORK