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Apogee Therapeutics Announces Poster Presentation at the ACAAI 2024 Annual Scientific Meeting

Key Takeaway: Apogee Therapeutics Announces Poster Presentation at the ACAAI 2024 Annual Scientific Meeting
Price reaction · baseline $54.88 (2024-10-15 close) · hit after-hours · clean, no other APGE news in the window
day 0 close · peak
+3.5%

BiopharmaWatch Analysis

From our catalyst data and publicly available data · not financial advice
Best trade, last catalyst
+138%
120-day peak, hindsight
Typical move
1.8%
average across 3 past catalysts
Cash runway
~54 mo
Minimal dilution risk
Lead asset
APG777
Phase 2 · Atopic Dermatitis

Full Press Release Details

SAN FRANCISCO and WALTHAM, Mass., Oct. 16, 2024 (GLOBE NEWSWIRE) -- Apogee Therapeutics, Inc., (Nasdaq: APGE), a clinical-stage biotechnology company advancing novel biologics with potential for differentiated efficacy and dosing in the largest inflammatory and immunology (I&I) markets, including for the treatment of atopic dermatitis (AD), asthma, chronic obstructive pulmonary disease (COPD) and other I&I indications, today announced an upcoming poster presentation at the American College of Allergy, Asthma & Immunology’s (ACAAI) 2024 Annual Scientific Meeting, held in Boston from October 24-28, 2024. The company plans to present data up to 9 months from the ongoing Phase 1 clinical trial of APG777, a novel half-life extended anti-IL-13 antibody for the treatment for atopic dermatitis and other inflammatory diseases.
Title: APG777, anti-IL-13 monoclonal antibody, demonstrates extended half-life and sustained inhibition of Type 2 inflammatory biomarkersAbstract ID: R162Authors: Xiu Qin Lim, M.B.B.S., Erica Winter, Pharm.D., Kristine Nograles, M.D., Sai Thankamony, Ph.D., Lukas Dillinger, Ph.D., Carl Dambkowski, M.D.Date/Time: Friday, October 25, 2:00-6:00 p.m. ETLocation: Hynes Convention Center – Boston, Hall A
Full session details can be accessed on theACAAI website. The poster will be available on thepublications pageof the Apogee website on October 24.
About ApogeeApogee Therapeutics is a clinical-stage biotechnology company advancing novel biologics with potential for differentiated efficacy and dosing in the largest I&I markets, including for the treatment of AD, asthma, COPD and other I&I indications. Apogee’s antibody programs are designed to overcome limitations of existing therapies by targeting well-established mechanisms of action and incorporating advanced antibody engineering to optimize half-life and other properties. APG777, the company’s most advanced program, is being initially developed for the treatment of AD, which is the largest and one of the least penetrated I&I markets. With four validated targets in its portfolio, Apogee is seeking to achieve best-in-class efficacy and dosing through monotherapies and combinations of its novel antibodies. Based on a broad pipeline and depth of expertise, the company believes it can deliver value and meaningful benefit to patients underserved by today’s standard of care. For more information, please visithttps://apogeetherapeutics.com.

Investor Contact:Noel KurdiVP, Investor RelationsApogee Therapeutics, Inc.Noel.Kurdi@apogeetherapeutics.com

Media Contact:Dan Budwick1AB Mediadan@1abmedia.com

Last updated: Oct 16, 2024