APVO - Aptevo Therapeutics Inc.

NasdaqCM - NasdaqCM Real Time Price. Currency in USD
0.6800
-0.0150 (-2.16%)
At close: 4:00PM EST
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Previous Close0.6950
Open0.6900
Bid0.6750 x 3100
Ask0.7100 x 2200
Day's Range0.6700 - 0.7000
52 Week Range0.4900 - 2.0000
Volume333,771
Avg. Volume367,264
Market Cap30.79M
Beta (5Y Monthly)2.50
PE Ratio (TTM)N/A
EPS (TTM)-1.3190
Earnings DateNov 06, 2019
Forward Dividend & YieldN/A (N/A)
Ex-Dividend DateN/A
1y Target Est6.17
  • ACCESSWIRE

    Aptevo Therapeutics' APVO436 Selected For Inclusion In The Leukemia & Lymphoma Society's Groundbreaking BEAT AML(R) Master Clinical Trial

    APVO436 is the Latest Investigational AML Therapeutic to be Selected for Participation in the Study; Aptevo Joins Industry Leaders, Bristol-Myers Squib (formerly Celgene) Alexion Pharmaceuticals, Gilead ...

  • Aptevo Therapeutics Inc. (APVO): Are Hedge Funds Right About This Stock?
    Insider Monkey

    Aptevo Therapeutics Inc. (APVO): Are Hedge Funds Right About This Stock?

    Amid an overall bull market, many stocks that smart money investors were collectively bullish on surged through the end of November. Among them, Facebook and Microsoft ranked among the top 3 picks and these stocks gained 54% and 51% respectively. Our research shows that most of the stocks that smart money likes historically generate strong […]

  • GlobeNewswire

    Aptevo Therapeutics Receives Orphan Drug Designation for APVO436 for the Treatment of Acute Myelogenous Leukemia

    SEATTLE, Dec. 06, 2019 -- Aptevo Therapeutics Inc. (Nasdaq: APVO), a biotechnology company focused on developing novel oncology and hematology therapeutics, announced today.

  • What Makes Aptevo Therapeutics Inc. (APVO) a New Buy Stock
    Zacks

    What Makes Aptevo Therapeutics Inc. (APVO) a New Buy Stock

    Aptevo Therapeutics Inc. (APVO) has been upgraded to a Zacks Rank 2 (Buy), reflecting growing optimism about the company's earnings prospects. This might drive the stock higher in the near term.

  • GlobeNewswire

    Aptevo Therapeutics and Alligator Bioscience Present New Preclinical Data for ALG.APV-527 at the Society for Immunotherapy of Cancer 2019 Annual Meeting

    Preclinical Data Show That ALG.APV-527 is Well Tolerated with Repeated Dosing Preliminary in vivo Data Show that ALG.APV-527 has Potent Anti-tumor Activity and Induces an.

  • GlobeNewswire

    Aptevo Therapeutics Reports Third Quarter 2019 Financial Results

    Reports Record Net Revenue for IXINITY; Achieves 55% Increase in Year-over-Year Quarterly Net Revenue Advances APVO436 Phase 1/1b Clinical Study in AML/MDS SEATTLE, Nov. 07,.

  • Benzinga

    The Daily Biotech Pulse: Arbutus Halts Hepatitis B Study, Positive Readout For MEI Pharma's Blood Cancer Drug, Ovid Offering

    Here's a roundup of top developments in the biotech space over the last 24 hours. Scaling The Peaks (Biotech stocks hitting 52-week lows on Oct. 3) Aprea Therapeutics Inc (NASDAQ: APRE ) (IPOed on Thursday) ...

  • Globenewswire Test

    Aptevo Therapeutics Provides Corporate and Pipeline Update

    Reports Record Quarterly IXINITY® Net Revenue and New Patient Conversions Following Launch of New 3,000 IU AssayProvides Update on Ongoing APVO436 Phase 1/1b Clinical Study; Evidence of Potential Clinical Activity Emerging; No Dose-Limiting Toxicities or Anti-drug Antibodies Observed to Date in the StudyReports Decision to Discontinue Development of APVO210 Announces Expense Reduction Plan to Reduce Annual Cash Burn by Approximately 30%Management to Host Conference Call Today at 5:00 p.m. E.T./2:00 p.m. P.T.SEATTLE, Oct. 03, 2019 (GLOBE NEWSWIRE) -- Aptevo Therapeutics Inc. (Nasdaq: APVO), a biotechnology company focused on developing novel oncology and hematology therapeutics, today provided a corporate and pipeline update.IXINITY Results – Record Net Revenue and New Patient ConversionsDuring the third quarter of 2019 revenue for IXINITY continued to increase.  Preliminary net product sales of IXINITY during the third quarter of 2019 are approximately $9 million compared to $5.8 million for the same period in 2018.  This represents an increase of quarterly net revenue of approximately 55% year-over-year, and 22% sequentially from the second quarter of 2019 to the third quarter of 2019.“The third quarter of 2019 was a particularly strong quarter for our IXINITY commercial operation, as we achieved record high net quarterly revenue,” said Mike Adelman, Senior Vice President, Commercial Operations for Aptevo.  “Patient conversions onto IXINITY therapy reached their highest level during the current quarter, following the launch of a new, larger assay size and as awareness of IXINITY continues to build.” “During the quarter, our commercial team had its best quarterly performance ever with respect to new patient conversions, beating our previous highest quarter by over 50%, as measured by unit volume,” said Marvin L. White, President and Chief Executive Officer.  “This is a testament to the strength and capabilities of Aptevo’s commercial operations team, which has cultivated a strong reputation within the hemophilia B community for being responsive to the needs of the community.  We anticipate that our expanding reputation will continue to drive further momentum.”APVO436 Development Program – Early Indication of Potential Clinical Activity; No Dose Limiting Toxicities or Anti-Drug Antibodies ObservedAPVO436 is Aptevo’s lead ADAPTIR bispecific antibody candidate.  It is a novel anti-CD123 by anti-CD3 bispecific antibody that is currently being evaluated in a Phase 1/1b clinical trial in patients with acute myeloid leukemia and high-grade myelodysplastic syndrome. “As we reported in July, the APVO436 clinical trial is progressing well,” said Dr. Scott Stromatt, Chief Medical Officer.  “We are completing dosing of three patients in cohort 4, with dosing in cohort 5 scheduled to begin shortly.  No dose-limiting toxicities or evidence of anti-drug antibodies (ADA) has been observed to date in the APVO436 study.  Pharmacokinetic modeling suggests that as we advance into cohort 5 and beyond, we will be achieving dose levels of APVO436 that are estimated to be in a therapeutic range.”Data from the ongoing clinical study indicates that one patient in cohort 4 experienced a reduction in bone marrow blasts and a change in the tumor from a complex genotype to a simpler mutation type, despite relatively low concentrations of the drug at these dose levels. Although too early to draw definitive conclusions, this is potentially an early indication of clinical activity. The company intends to advance this study to capture additional data at higher dose levels.  The data from the higher dose cohorts is expected over the next several months.  APVO210 Development Program – Decision to Discontinue Development Aptevo announced today its decision to discontinue further development of APVO210, a novel investigational bispecific antibody candidate under development for the treatment of autoimmune diseases.  The decision followed the review of data from the Phase 1 multiple ascending dose (MAD) clinical study of APVO210 in healthy volunteers that suggests that APVO210 would not meet the desired target product profile for future commercialization.Specifically, the clinical data showed evidence of increasing titers of anti-drug antibodies (ADA) with repeated doses of APVO210, which had varying impact on APVO210 drug levels in subjects’ blood.  Importantly, Aptevo believes the ADA observed in this study is specific to APVO210 and is not characteristic of the ADAPTIR technology, as APVO210 does not incorporate improvements featured in newer ADAPTIR candidates and has a unique mechanism of action not associated with our other ADAPTIR candidates.These improvements, which are incorporated in Aptevo’s current clinical and preclinical ADAPTIR bispecific candidates, including APVO436, ALG.APV-527 and APVO603, include: (i) replacement of a critical linker with a well-established amino acid sequence (Gly4Ser), which has been shown not to generate ADA in clinical studies; and (ii) a reduction in mutations in other areas of the ADAPTIR platform sequence, which have been replaced with native human sequence, also reducing the risk of potential ADA reactions.  “It’s important to understand that there are considerable differences in the structure, linkers, binding domains and mechanisms of action between APVO210 and our newer ADAPTIR bispecific molecules that incorporate recent improvements to our ADAPTIR platform,” said Jane Gross, Ph.D., Chief Scientific Officer.  “Based on these differences, and the unique mechanisms of action and differentiating features of each of our bispecific candidates, we do not expect that the results observed in the APVO210 Phase 1 program are representative of what we will see with our other ADAPTIR candidates and we remain very excited about the opportunities around our other bispecific candidates, particularly our lead asset, APVO436, which is showing encouraging results in the ongoing Phase 1/1b clinical trial.”Expense Reduction PlanIn order to conserve resources and extend its cash runway, Aptevo is implementing an expense reduction plan that reduces annual expenditures by approximately 30%. Planned reductions include: streamlining R&D programs, including reducing investment in certain programs; cut-backs in legal, professional and consulting expenses; reduction of leased space; cut-backs in non-commercial headcount; and reductions in executive and board cash compensation. Based on these actions, Aptevo estimates that its annual cash burn rate will be in the range of $24-$28 million in 2020, compared to a 2019 estimated cash burn rate of between $36-$40 million.Mr. White concluded, “We recognize that our current market capitalization is strongly misaligned with the value of the assets in our portfolio and that we would incur significant dilution for shareholders were we to pursue a capital raise at our current market value.  We have therefore implemented the current expense reduction plan and are continuing to evaluate other measures to reduce expenses in order to increase our operational efficiencies, while also pursuing opportunities to generate non-dilutive cash, with the goal of avoiding any dilution to shareholders at current stock price levels.” “We remain very optimistic about our portfolio and the opportunities ahead for Aptevo.  With IXINITY net revenues growing and APVO436 showing encouraging preliminary clinical activity signals and poised to make important clinical progress over the near-term, we are taking the necessary steps to support and maximize the value of these assets for our shareholders.”Nasdaq UpdateAptevo intends to seek approval from the Listings Qualification Department at the Nasdaq Stock Market to transfer its listing from the Nasdaq Global Market to the Nasdaq Capital Market.  The transfer will provide an additional 180 days, or until April 12, 2020, for Aptevo to regain compliance with Nasdaq’s minimum bid price requirement.  Aptevo believes that this extension will enable additional time for potential meaningful clinical data from the ongoing APVO436 clinical trial to emerge and for IXINITY net revenues to continue to increase which could potentially catalyze an improvement in Aptevo’s share price and market capitalization.  The Nasdaq Capital Market operates in substantially the same manner as the NASDAQ Global Market.Conference Call and Webcast InformationAptevo management will host a conference call and live webcast today, Thursday, October 3, 2019 at 5:00 pm Eastern Time / 2:00 p.m. Pacific Time.  Shareholders and other interested parties may participate in the call by dialing 844-369-8770 (domestic) or 862-298-0840 (international).  A replay of the call will be available and can be accessed by dialing 877-481-4010 (domestic) or 919-882-2331 (international) and referencing the replay passcode 53858.  The live webcast can be accessed from Aptevo’s corporate website at www.aptevotherapeutics.com under the Events tab of the Investor Relations section.  A replay will be available on Aptevo’s website approximately 2 hours after the conclusion of the call and will be archived for up to 90 days.About Aptevo Therapeutics Inc.Aptevo Therapeutics Inc. is a clinical-stage biotechnology company focused on developing novel oncology and hematology therapeutics to meaningfully improve patients’ lives.  Aptevo has a commercial product, IXINITY® coagulation factor IX (recombinant), approved and marketed in the United States for the treatment of Hemophilia B, and a versatile core technology – the ADAPTIR™ modular protein technology platform capable of generating highly-differentiated bispecific antibodies with unique mechanisms of action for the treatment of different types of cancer. For more information, please visit www.aptevotherapeutics.comSafe Harbor StatementThis press release includes forward-looking statements within the meaning of the Private Securities Litigation Reform Act of 1995. Any statements, other than statements of historical fact, including, without limitation, statements regarding potential milestone payments, Aptevo’s outlook, financial performance or financial condition, Aptevo’s technology and related pipeline, collaboration and partnership opportunities, commercial portfolio, milestones, and any other statements containing the words “believes,” “expects,” “anticipates,” “intends,” “plans,” “forecasts,” “estimates,” “will” and similar expressions are forward-looking statements. These forward-looking statements are based on Aptevo’s current intentions, beliefs and expectations regarding future events. Aptevo cannot guarantee that any forward-looking statement will be accurate. Investors should realize that if underlying assumptions prove inaccurate or unknown risks or uncertainties materialize, actual results could differ materially from Aptevo’s expectations. Investors are, therefore, cautioned not to place undue reliance on any forward-looking statement. Any forward-looking statement speaks only as of the date of this press release, and, except as required by law, Aptevo does not undertake to update any forward-looking statement to reflect new information, events or circumstances.There are a number of important factors that could cause Aptevo’s actual results to differ materially from those indicated by such forward-looking statements, including a deterioration in Aptevo’s business or prospects; adverse developments in research and development; adverse developments in the U.S. or global capital markets, credit markets or economies generally; and changes in regulatory, social and political conditions. Additional risks and factors that may affect results are set forth in Aptevo’s filings with the Securities and Exchange Commission, including its most recent Annual Report on Form 10-K, as filed on March 18, 2019 and its subsequent reports on Form 10-Q and current reports on Form 8-K. The foregoing sets forth many, but not all, of the factors that could cause actual results to differ from Aptevo’s expectations in any forward-looking statement.Source: Aptevo Therapeutics Stacey Jurchison Senior Director, Investor Relations and Corporate Communications 206-859-6628 JurchisonS@apvo.com

  • GlobeNewswire

    Aptevo Therapeutics Introduces New Adaptir™ Bispecific Antibody Candidate Intended for the Treatment of Solid Tumors

    New ADAPTIR Candidate APVO603 is a Dual-Agonistic BispecificAntibody Targeting 4-1BB and OX40 APVO603 is Designed to Induce Synergistic Effects on Immune Responseswith.

  • GlobeNewswire

    Aptevo Therapeutics Reports Second Quarter 2019 Financial Results

    Reports Positive Preliminary Top-Line Safety Data for APVO210Phase 1 Single Ascending Dose (SAD) Clinical Study Advances APVO210 into Phase 1 Multiple Ascending Dose (MAD).

  • GlobeNewswire

    Aptevo Therapeutics Receives $4.3 Million Milestone Payment From Saol International Limited

    Aptevo Therapeutics Inc. (APVO), a biotechnology company focused on developing novel oncology and hematology therapeutics, announced today the receipt of a $4.3 million milestone payment from Saol International Limited (Saol). This performance-based milestone has been collected more than one year earlier than anticipated in the original contract between Aptevo and Saol. “The $4.3 million milestone payment from Saol provides additional non-dilutive capital for our business as we aim to achieve important near-term milestones in both our clinical and commercial programs in 2019 and 2020,” said Jeff Lamothe, Chief Financial Officer for Aptevo.

  • GlobeNewswire

    Aptevo Therapeutics Reports Continued Progress In APVO210 and APVO436 Clinical Trials

    Aptevo Therapeutics Inc. (APVO), a biotechnology company focused on developing novel oncology, autoimmune and hematology therapeutics, announced today that it has completed dosing in a single ascending dose (SAD) Phase 1 study of APVO210, a novel investigational bispecific antibody candidate being developed for the treatment of autoimmune diseases. Preliminary data from the SAD study show that single ascending doses of APVO210 did not cause any adverse events of concern or dose-limiting toxicities, nor were any anti-drug antibodies observed in the study based on patient samples obtained to date.  As a result, Aptevo has received approval to begin the next phase of the study, evaluating multiple ascending doses of APVO210 in healthy volunteers.

  • GlobeNewswire

    Aptevo Therapeutics Launches New 3000 IU IXINITY Assay Offering Enhanced User Experience and Improved Convenience for Hemophilia B Patients

    Aptevo Therapeutics Inc. (APVO), a biotechnology company focused on developing novel oncology, autoimmune and hematology therapeutics, today announced that it has launched a new, larger 3000 IU (international unit) vial size for IXINITY® [Coagulation Factor IX (Recombinant)] into the U.S. market.  The new 3000 IU assay offers important advantages for both patients and channel partners, which Aptevo anticipates will help drive future conversions to IXINITY therapy. “We are excited to continue to deliver on our promise to patients with this latest initiative,” said Jeff Lamothe, Chief Financial Officer for Aptevo.

  • GlobeNewswire

    Aptevo Therapeutics Reports First Quarter 2019 Financial Results

    Achieves 73% Increase in First Quarter 2019 Year-Over-Year IXINITY® Net Revenue On Target for Launch of New 3,000 IU IXINITY Assay Mid-2019 Advances Enrollment in APVO436 and.

  • The Zacks Analyst Blog Highlights: Advanced Emissions, Aptevo, BankFinancial, Good Times and Health Insurance
    Zacks

    The Zacks Analyst Blog Highlights: Advanced Emissions, Aptevo, BankFinancial, Good Times and Health Insurance

    The Zacks Analyst Blog Highlights: Advanced Emissions, Aptevo, BankFinancial, Good Times and Health Insurance

  • 5 Stocks to Gain From Dollar's Recent Strength
    Zacks

    5 Stocks to Gain From Dollar's Recent Strength

    The U.S. dollar hits an almost 2-year record high as global central banks turn dovish and German business moral deteriorates.

  • GlobeNewswire

    Aptevo Therapeutics Reports IXINITY® and Pipeline Progress

    Aptevo Therapeutics Inc. (APVO), a biotechnology company focused on developing novel oncology, autoimmune and hematology therapeutics, today announced continued progress in the Company’s commercial and clinical development programs, reporting first quarter 2019 IXINITY net revenue of $7.0 million, which represents a 73% increase from the first quarter of 2018.  Additionally, Aptevo announced today that it has received approval from the U.S. Food and Drug Administration (FDA) for a Prior Approval Supplement (PAS) describing plans for the manufacture of a new 3,000 IU assay and remains on track to begin supplying the market with 3,000 IU IXINITY vials in mid-2019. Importantly, we also continue to project that our cash burn rate in 2019 will be in the range of $36-40 million, a 33% reduction compared to our projected burn rate in 2018 of between $55-60 million.   For several reasons, we believe 2019 has the potential to be a transformative year for Aptevo as the first clinical data begins to emerge for our next-generation ADAPTIR™ programs, which have shown promising differentiation in preclinical studies.  I look forward to keeping our shareholders updated on our progress as we reach key milestones in both our ADAPTIR and IXINITY programs this year,” said Marvin L. White, President and Chief Executive Officer.

  • What Kind Of Investor Owns Most Of Aptevo Therapeutics Inc. (NASDAQ:APVO)?
    Simply Wall St.

    What Kind Of Investor Owns Most Of Aptevo Therapeutics Inc. (NASDAQ:APVO)?

    If you want to know who really controls Aptevo Therapeutics Inc. (NASDAQ:APVO), then you'll have to look at the makeup of its share registry. Large companies usually have institutions as shareholders, and we usually see insiders ow...

  • GlobeNewswire

    Aptevo Therapeutics Presents New Preclinical Data for APVO436 and ALG.APV-527 at the American Association for Cancer Research 2019 Annual Meeting

    Aptevo Therapeutics Inc. (APVO), a biotechnology company focused on developing novel oncology, autoimmune and hematology therapeutics, announced today that new preclinical data for two ADAPTIR bispecific candidates, APVO436, a bispecific antibody candidate targeting CD123 and CD3, and ALG.APV-527, a bispecific antibody candidate targeting 4-1BB and 5T4, were presented at the American Association for Cancer Research (AACR) 2019 Annual Meeting.

  • GlobeNewswire

    Aptevo Therapeutics to Present New Preclinical Data for APVO436 and ALG.APV.527 at the American Association for Cancer Research 2019 Annual Meeting

    SEATTLE, March 25, 2019 -- Aptevo Therapeutics Inc. (Nasdaq: APVO), a biotechnology company focused on developing novel oncology, autoimmune and hematology therapeutics, today.

  • GlobeNewswire

    Aptevo Therapeutics Begins Phase 1 Clinical Trial of APVO210 a Novel Bispecific Antibody for the Treatment of Autoimmune and Inflammatory Diseases

    Aptevo Therapeutics Inc. (APVO), a biotechnology company focused on developing novel oncology, autoimmune and hematology therapeutics, announced today that it has commenced dosing in a Phase 1 clinical trial of APVO210, a novel bispecific antibody candidate built on Aptevo’s ADAPTIR™ therapeutic protein platform which is being developed to treat autoimmune and inflammatory diseases. There is a growing body of data to support APVO210 as a novel, first-in-class targeted cytokine immunotherapy.  Preclinical data published in the journal Frontiers in Immunology highlighted the activity of APVO210 as a potent and selective agent to generate a population of regulatory T cells that may play a key role in the suppression of inflammatory processes associated with pathogenic autoimmune and inflammatory conditions, such as psoriasis, inflammatory bowel disease, rheumatoid arthritis, graft-versus-host disease, and lupus, as well as other diseases where there is antigen-driven activation of T lymphocyte-mediated disease.

  • GlobeNewswire

    Aptevo Therapeutics Reports 2018 Financial Results and Provides Business Update

    Achieves Record Annual IXINITY® Net Revenue of $23.1 Million Representing 111% Increase Over 2017 Advances APVO436 Into Phase 1/1b Clinical Trial for Treatment of Acute Myeloid.

  • Aptevo Therapeutics Inc. (APVO) Moves to Buy: Rationale Behind the Upgrade
    Zacks

    Aptevo Therapeutics Inc. (APVO) Moves to Buy: Rationale Behind the Upgrade

    Aptevo Therapeutics Inc. (APVO) might move higher on growing optimism about its earnings prospects, which is reflected by its upgrade to a Zacks Rank 2 (Buy).

  • GlobeNewswire

    Aptevo Announces Pricing of $22 Million Offering of Common Stock and Warrants

    SEATTLE, March 07, 2019 -- Aptevo Therapeutics Inc. (Nasdaq: APVO), a biotechnology company focused on developing novel oncology, autoimmune and hematology therapeutics, today.