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Agenus Cancels Conference Call to Discuss the Company’s Minority Cash Holdings at SVB in Light of Government’s SVB Deposit Access Announcement

Key Takeaway: Agenus has canceled its scheduled conference call regarding its minority cash holdings at Silicon Valley Bank due to the government's announcement about deposit access. The call was originally set for March 13, 2023. Agenus is a clinical-stage immuno-oncology company focused on developing therapies to activate the immune system against cancer and infections.
Price reaction · baseline $30 (2023-03-10 close) · 1 other AGEN headline(s) in the window, move may be shared
day 0 close
+14%
day 1
+19.3%
day 3 · peak
+22%

Market Sentiment Analysis

BiopharmaWatch Analysis

From our catalyst data and publicly available data · not financial advice
Best trade, last catalyst
+52%
120-day peak, hindsight
Typical move
6.2%
average across 4 past catalysts
Cash runway
~1 mo
High dilution risk
Lead asset
Botensilimab
Phase 1 · Pancreatic Cancer Metastatic

Full Press Release Details

LEXINGTON, Mass., March 12, 2023 (GLOBE NEWSWIRE) --Agenus (Nasdaq: AGEN), a clinical-stage company with a pipeline of therapies designed to activate the body's immune system to fight cancer and infections, today announced that it has cancelled its conference call on Monday, March 13thto discuss its minority cash holdings at Silicon Valley Bank (SVB) in light of the government’s SVB deposit access announcement.
About AgenusAgenus is a clinical-stage immuno-oncology company focused on the discovery and development of therapies that engage the body's immune system to fight cancer and infections. The Company's vision is to expand the patient populations benefiting from cancer immunotherapy by pursuing combination approaches that leverage a broad repertoire of antibody therapeutics, adoptive cell therapies (through its subsidiary MiNK Therapeutics), and adjuvants (through its subsidiary SaponiQx). The Company is equipped with a suite of antibody discovery platforms and a state-of-the-art GMP manufacturing facility with the capacity to support clinical programs. Agenus is headquartered in Lexington, MA. For more information, please visit www.agenusbio.com and our Twitter handle @agenus_bio. Information that may be important to investors will be routinely posted on our website and Twitter.

ContactAgenus Inc.Zack ArmenHead of Investor Relations917-362-1370zack.armen@agenusbio.com

Frequently Asked Questions

Why did Agenus cancel its conference call?

Agenus canceled the call due to the government's announcement regarding SVB deposit access.

When was the canceled conference call scheduled?

The conference call was originally scheduled for March 13, 2023.

What is Agenus focused on?

Agenus is focused on developing therapies that activate the immune system to fight cancer and infections.

Where is Agenus headquartered?

Agenus is headquartered in Lexington, Massachusetts.

Last updated: Mar 13, 2023