CytomX Therapeutics Outlines 2024 Company Priorities And Milestones
Portfolio Pulse from Benzinga Newsdesk
CytomX Therapeutics, Inc. (NASDAQ:CTMX) announced its 2024 priorities, including anticipated milestones for its pipeline. Key programs like CX-904, CX-2051, and CX-801 are expected to reach clinical proof of concept. CX-904, partnered with Amgen, will have Phase 1a data in H2 2024. IND applications for CX-2051 and CX-801 have been filed, with Phase 1 initiations expected in H1 2024. Bristol Myers Squibb is advancing BMS-986288 to Phase 2 studies. CytomX has partnerships with major companies and ended Q3 2023 with $194 million in cash, projecting a runway to H2 2025.

January 04, 2024 | 1:16 pm
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CytomX Therapeutics announced its 2024 priorities, with significant milestones expected for its pipeline, including clinical data for CX-904, and Phase 1 initiations for CX-2051 and CX-801. The company has a strong cash position and strategic partnerships.
The announcement of upcoming milestones and the initiation of clinical trials for key pipeline programs are positive indicators for CytomX's future growth and could lead to increased investor confidence. The strong cash position provides stability and resources for continued development, which is likely to have a positive impact on the stock price in the short term.
CONFIDENCE 85
IMPORTANCE 90
RELEVANCE 100