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XBiotech Inc - XBIT STOCK NEWS

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

XBiotech Inc. (NASDAQ: XBIT) is a clinical-stage biopharmaceutical company based in the United States, focused on discovering and developing True Human™ monoclonal antibodies for treating a variety of diseases. Founded on pioneering technologies in antibody research, XBiotech aims to harness the body's natural immunity to combat serious illnesses.

The company's flagship product, MABp1, is a first-in-class monoclonal antibody designed to inhibit chronic inflammation, a key factor in the progression of numerous significant diseases. MABp1 has shown promising results in clinical trials for various conditions, including cancer and leukemia (Phase I), type 2 diabetes (Phase II), psoriasis (Phase II), and vascular disease (Phase II). This antibody is unique as it remains unmodified from its natural human form, which has contributed to its excellent safety and tolerability profiles in clinical trials.

Another notable product in XBiotech's pipeline is Natrunix, currently under investigation for treating rheumatoid arthritis (RA). Natrunix works by blocking interleukin-1 (IL-1), a critical component in the inflammation process that causes pain and joint destruction in RA. A recent Phase II study involving Natrunix aims to assess its efficacy in combination with methotrexate (MTX), involving approximately 210 subjects across various clinical sites in the United States. Early findings are promising, showing significant potential for improving pain, tenderness, and mobility in joints, alongside enhancing patients' quality of life.

Hutrukin is another promising candidate in XBiotech's portfolio, aimed at minimizing brain injury following ischemic stroke. The company has recently completed enrollment for a Phase I clinical study to assess the safety and pharmacokinetics of Hutrukin. This novel antibody could potentially reduce inflammatory injuries associated with reperfusion, a common issue following stroke treatments.

XBiotech's commitment to innovation extends to its biomanufacturing capabilities. The company has invested in a commercial-scale plant featuring a total bioreactor capacity of 25,000 liters, adhering to current good manufacturing practices (cGMP). These advancements enable rapid and flexible production of therapeutic antibodies, ensuring timely delivery to patients in need.

Headquartered in Austin, Texas, XBiotech leverages cutting-edge genetic engineering tools to identify rare antibodies from human donor blood. This approach has resulted in a robust pipeline of True Human™ antibody therapies that hold potential for revolutionizing treatments for oncology, inflammatory conditions, and infectious diseases. For more information, visit www.xbiotech.com.

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XBiotech (NASDAQ: XBIT) announced promising results from its Phase 1/2 trial for advanced pancreatic cancer treatment using Natrunix in combination with a standard chemotherapy regimen. The study, titled 1-BETTER, enrolled 65 subjects who received either the Natrunix combination or a placebo. Key findings include a 28% reduction in significant adverse events in the Natrunix group, a 33% decrease in hospitalization days, and a notable improvement in patient-reported outcomes such as reduced fatigue (22%) and pain (41%). While overall survival rates showed a trend favoring Natrunix, the small sample size led to a borderline statistical significance (p = 0.096). XBiotech emphasizes the potential of Natrunix to improve tolerability and efficacy of pancreatic cancer treatment.

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XBiotech Inc. (XBIT) plans to expand its campus headquarters with a new state-of-the-art research and development facility in Austin, Texas. The company has received approval to begin excavation for site preparation, with groundwork expected to start in the 1st quarter of 2024. The new facility will support commercialization plans for the company’s Natrunix rheumatology program and will include clinical and medical operations, commercialization teams, and wet laboratories for ongoing infectious disease programs. The construction will also feature a subterranean parking garage to minimize ecological impact. President and CEO John Simard expressed excitement about the project, highlighting its potential to enhance operational capability and create a leading biotechnology facility in Texas.
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XBiotech (NASDAQ: XBIT) Announces Alan Kivitz M.D. as Lead Investigator for Natrunix Clinical Research Program in Rheumatoid Arthritis
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XBiotech Inc. is developing Hutrukin as a breakthrough therapy to reduce brain injury after stroke. The Phase I study aims to evaluate safety and pharmacokinetics of Hutrukin in healthy volunteers. Hutrukin may reduce inflammatory injuries associated with reperfusion, providing a unique and major advance for stroke victims.
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XBiotech completes enrollment of Phase II portion of 1-BETTER study for Natrunix in combination with chemotherapy for treating pancreatic cancer.
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XBiotech Inc. has initiated a randomized, open-label, placebo-controlled clinical study for Hutrukin, a novel therapy aimed at reducing brain injury from ischemic stroke. With over 10 million cases of ischemic strokes annually, the need for effective treatments is critical. Hutrukin seeks to mitigate reperfusion injury, a common complication following clot-removal procedures, by targeting inflammation before blood flow is restored. The Phase I study will evaluate three dosing levels for safety and pharmacokinetics, with results guiding further research phases. XBiotech leverages its proprietary True Human™ antibody technology to explore innovative treatments across various diseases.

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XBiotech has announced the launch of the TASKIN Study, a Phase I/II/III clinical trial for Natrunix in combination with trifluridine/tipiracil, aimed at treating metastatic colorectal cancer. Funded by the French National Cancer Institute (INCA), this study will take place at 20 medical centers in France. The trial aims to evaluate the efficacy of Natrunix in patients who have failed prior treatments. With colorectal cancer accounting for over 151,000 new cases annually in the U.S., this study could have significant implications for treatment options.

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FAQ

What is the current stock price of XBiotech (XBIT)?

The current stock price of XBiotech (XBIT) is $6.09 as of December 18, 2024.

What is the market cap of XBiotech (XBIT)?

The market cap of XBiotech (XBIT) is approximately 185.6M.

What is XBiotech's core business?

XBiotech is focused on developing True Human™ monoclonal antibodies to treat various serious diseases by harnessing natural human immunity.

What are True Human™ antibodies?

True Human™ antibodies are derived from human donors without modification, retaining their natural properties for higher safety and efficacy.

What is MABp1?

MABp1 is a first-in-class monoclonal antibody designed to inhibit chronic inflammation, currently in clinical trials for cancer, diabetes, psoriasis, and vascular disease.

What is Natrunix?

Natrunix is a monoclonal antibody under investigation for treating rheumatoid arthritis, specifically targeting and neutralizing interleukin-1 alpha (IL-1a).

What is Hutrukin?

Hutrukin is a candidate drug aimed at reducing brain injury following ischemic stroke, currently in Phase I clinical trials to assess its safety and pharmacokinetics.

What are the potential benefits of Natrunix in RA treatment?

Natrunix may improve pain, tenderness, and joint mobility in RA patients, showing promise as a safer and more effective treatment option.

Where are XBiotech's operations based?

XBiotech is headquartered in Austin, Texas, with all its operations based in the United States.

What is the significance of XBiotech's biomanufacturing facility?

XBiotech has invested in a commercial-scale plant with 25,000 liters of bioreactor capacity, enabling rapid and flexible production of antibody therapies.

Has XBiotech conducted successful clinical trials recently?

Yes, XBiotech has several ongoing clinical trials, including Phase II studies for Natrunix in RA and Hutrukin for stroke-related brain injury.

How can I get more information about XBiotech?

You can visit their website at www.xbiotech.com for more information on their research, products, and latest news.

XBiotech Inc

Nasdaq:XBIT

XBIT Rankings

XBIT Stock Data

185.64M
19.78M
35.11%
16.19%
2.78%
Biotechnology
Pharmaceutical Preparations
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United States of America
AUSTIN