IN8bio Highlights Recent Company Accomplishments And Outlines 2024 Pipeline Goals
Portfolio Pulse from Benzinga Newsdesk
IN8bio, Inc. (NASDAQ:INAB) reported positive clinical data for its gamma-delta T cell therapies, particularly INB-100, which showed durable complete remissions in leukemia patients. The company also presented promising data for INB-200 and INB-400 in treating glioblastoma multiforme (GBM). A private placement raised initial gross proceeds of $14.4 million, extending the cash runway into 2025, with the potential for additional capital. Dr. Corinne Epperly was appointed to the Board of Directors. IN8bio outlined its 2024 pipeline goals, including further trials for INB-100, INB-200, INB-300, and INB-400.
January 04, 2024 | 1:31 pm
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IN8bio reported positive clinical trial results, secured funding to extend its cash runway into 2025, and appointed a new board member. The company also detailed its pipeline goals for 2024, including further development of its gamma-delta T cell therapies.
The positive clinical trial results for IN8bio's therapies are likely to be viewed favorably by investors, as they indicate progress in the company's core research and potential for future revenue. The successful funding round extends the company's operational capabilities, reducing immediate financial risk and potentially leading to a short-term positive impact on the stock price. The appointment of Dr. Corinne Epperly to the Board of Directors adds expertise in immuno-oncology, which may further boost investor confidence. The detailed pipeline goals for 2024 demonstrate the company's commitment to advancing its therapies, which could sustain investor interest and support stock price growth.
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