Recent Updates
Recently added Catalysts
CLDX Positive Sentiment Score: 80/100

Celldex Announces Acceptance of Abstract for Barzolvolimab Phase 1b Results in Prurigo Nodularis at 12th World Congress on Itch (WCI) 2023

Key Takeaway: Celldex Therapeutics announced the acceptance of an abstract detailing the results of its Phase 1b study on barzolvolimab, aimed at treating prurigo nodularis. This study demonstrates both safety and clinically meaningful activity, and the results will be presented at the 12th World Congress on Itch in Miami from November 5-7, 2023. The presentation will be delivered by Dr. Martin Metz from Charité - Universitätsmedizin Berlin. This recognition highlights the company's commitment to addressing challenging diseases with inadequate treatments.

Market Sentiment Analysis

POSITIVE FACTORS

  • Acceptance of abstract indicates recognition by the scientific community.
  • Barzolvolimab shows safety and promising activity for prurigo nodularis.
  • Presentation at a prominent conference increases visibility for Celldex's research.

Full Press Release Details

HAMPTON, N.J., Sept. 26, 2023 (GLOBE NEWSWIRE) -- Celldex Therapeutics, Inc. (NASDAQ:CLDX) today announced that an abstract describing the Phase 1b study of barzolvolimab in patients with prurigo nodularis (PN) has been accepted as an oral presentation at the 12th World Congress on Itch (WCI), being held in Miami on Nov 5-7, 2023.
Presentation details are below:
Abstract Title: Barzolvolimab demonstrates safety and clinically meaningful activity in moderate-severe prurigo nodularis
Presenting Author: Martin Metz, M.D., Professor of Dermatology and Allergy at Charité - Universitätsmedizin in Berlin
Date/Time: Tuesday, November 7 at 3:20 PM - 3:28 PM ET
The Phase 1b multi-center, randomized, double-blind, placebo-controlled trial is designed to study barzolvolimab in patients with prurigo nodularis (PN), a chronic skin disease characterized by the development of hard, intensely itchy (pruritic) nodules on the skin.
About Celldex Therapeutics, Inc.
Celldex is a clinical stage biotechnology company dedicated to developing monoclonal and bispecific antibodies that address devastating diseases for which available treatments are inadequate. Our pipeline includes antibody-based therapeutics which have the ability to engage the human immune system and/or directly affect critical pathways to improve the lives of patients with inflammatory diseases and many forms of cancer. Visit www.celldex.com.
Forward Looking Statement
This release contains "forward-looking statements" made pursuant to the safe harbor provisions of the Private Securities Litigation Reform Act of 1995. These statements are typically preceded by words such as "believes," "expects," "anticipates," "intends," "will," "may," "should," or similar expressions. These forward-looking statements reflect management's current knowledge, assumptions, judgment and expectations regarding future performance or events. Although management believes that the expectations reflected in such statements are reasonable, they give no assurance that such expectations will prove to be correct or that those goals will be achieved, and you should be aware that actual results could differ materially from those contained in the forward-looking statements. Forward-looking statements are subject to a number of risks and uncertainties, including, but not limited to, our ability to successfully complete research and further development and commercialization of Company drug candidates, including barzolvolimab (also referred to as CDX-0159), in current or future indications; the uncertainties inherent in clinical testing and accruing patients for clinical trials; our limited experience in bringing programs through Phase 3 clinical trials; our ability to manage and successfully complete multiple clinical trials and the research and development efforts for our multiple products at varying stages of development; the effects of the outbreak of COVID-19 on our business and results of operations; the availability, cost, delivery and quality of clinical materials produced by our own manufacturing facility or supplied by contract manufacturers, who may be our sole source of supply; the timing, cost and uncertainty of obtaining regulatory approvals; the failure of the market for the Company's programs to continue to develop; our ability to protect the Company's intellectual property; the loss of any executive officers or key personnel or consultants; competition; changes in the regulatory landscape or the imposition of regulations that affect the Company's products; our ability to continue to obtain capital to meet our long-term liquidity needs on acceptable terms, or at all, including the additional capital which will be necessary to complete the clinical trials that we have initiated or plan to initiate; and other factors listed under "Risk Factors" in our annual report on Form 10-K and quarterly reports on Form 10-Q.
All forward-looking statements are expressly qualified in their entirety by this cautionary notice. You are cautioned not to place undue reliance on any forward-looking statements, which speak only as of the date of this release. We have no obligation, and expressly disclaim any obligation, to update, revise or correct any of the forward-looking statements, whether as a result of new information, future events or otherwise.
Senior Vice President, Corporate Affairs & Administration

Frequently Asked Questions

What is barzolvolimab being studied for?

Barzolvolimab is being studied for its effects on prurigo nodularis.

When will the barzolvolimab study be presented?

The study will be presented on November 7, 2023, at 3:20 PM ET.

Who is presenting the abstract on barzolvolimab?

The abstract will be presented by Dr. Martin Metz from Charité - Universitätsmedizin Berlin.

What type of trial is the barzolvolimab study?

It is a Phase 1b multi-center, randomized, double-blind, placebo-controlled trial.

What company is developing barzolvolimab?

Celldex Therapeutics, Inc. is developing barzolvolimab.

Last updated: Sep 26, 2023