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Corvus Pharmaceuticals to Present New Interim Soquelitinib Data from its Phase 1/1b T Cell Lymphoma Trial at the 65th American Society of Hematology (ASH) Annual Meeting & Exposition

Key Takeaway: Corvus Pharmaceuticals announced it will present new interim data from its Phase 1/1b trial of soquelitinib for relapsed peripheral T cell lymphoma at the upcoming 65th American Society of Hematology Annual Meeting. The presentation will include insights on the immune regulatory mechanisms of soquelitinib, which is designed to selectively inhibit ITK. Following positive interim results, Corvus plans to initiate a Phase 3 clinical trial for soquelitinib in patients with this challenging condition.
Price reaction · baseline $1.18 (2023-11-01 close) · hit after-hours · 1 other CRVS headline(s) in the window, move may be shared
day 0 close
+3.4%
day 1
+16.1%
day 3 · peak
+33.9%

Market Sentiment Analysis

POSITIVE FACTORS

  • Corvus Pharmaceuticals is set to present promising new interim data from its clinical trial at a major industry event.
  • The investigational drug soquelitinib shows potential in treating advanced, refractory T cell lymphomas.
  • A Phase 3 registrational clinical trial for soquelitinib will soon be initiated, indicating progress in development.

BiopharmaWatch Analysis

From our catalyst data and publicly available data · not financial advice
Best trade, last catalyst
+522%
120-day peak, hindsight
Typical move
60.3%
average across 3 past catalysts
Cash runway
~41 mo
Minimal dilution risk
Lead asset
CPI-006
Phase 1 · COVID-19

Full Press Release Details

BURLINGAME, Calif., Nov. 02, 2023 (GLOBE NEWSWIRE) -- Corvus Pharmaceuticals, Inc. (NASDAQ: CRVS), a clinical-stage biopharmaceutical company, today announced that it will present new interim data from its Phase 1/1b trial of soquelitinib in patients with relapsed peripheral T cell lymphoma (PTCL), at the 65th American Society of Hematology (ASH) Annual Meeting & Exposition, which is taking place in-person and virtually from December 9-12, 2023.
Details regarding the poster presentation, which will be available in the poster hall and via the virtual event platform, are as follows:
Date and Time: Saturday, December 9, 2023, 5:30 PM PT
Title: Dynamic Single-Cell Profiling Reveals Novel Immune Regulatory Mechanism of ITK Inhibitor Soquelitinib in Refractory T Cell Lymphoma
Presenter: Dr. Ning Ding, Peking University Cancer Hospital & Institute, Beijing, China
About Corvus Pharmaceuticals
Corvus Pharmaceuticals is a clinical-stage biopharmaceutical company pioneering the development of ITK inhibition as a new approach to immunotherapy for a broad range of cancer and immune diseases. The Company’s lead product candidate is soquelitinib, an investigational, oral, small molecule drug that selectively inhibits ITK. Corvus plans to initiate a Phase 3 registrational clinical trial for soquelitinib in patients with relapsed peripheral T cell lymphoma. Its other clinical-stage candidates are being developed for a variety of cancer indications. For more information, visit www.corvuspharma.com.
Soquelitinib (CPI-818) is an investigational small molecule drug given orally designed to selectively inhibit ITK (interleukin-2-inducible T cell kinase), an enzyme that is expressed predominantly in T cells and plays a role in T cell and natural killer (NK) cell immune function. The immunologic effects of soquelitinib lead to what is known as Th1 skewing and is made possible by the high selectivity of soquelitinib for ITK. Research on soquelitinib’s mechanism of action suggests that it has the potential to control differentiation of normal T helper cells and enhance immune responses to tumors by augmenting the generation of cytotoxic killer T cells and the production of cytokines that inhibit cancer cell survival. Soquelitinib has also been shown to prevent T cell exhaustion, a major limitation of current immunotherapy and CAR-T therapies. Optimal doses of soquelitinib have been shown to affect T cell differentiation and induce the generation of Th1 helper cells while blocking the development of both Th2 and Th17 cells and production of their secreted cytokines. Th1 T cells are required for immunity to tumors, viral infections and other infectious diseases. Th2 and Th17 helper T cells are involved in the pathogenesis of many autoimmune and allergic diseases. The Company believes the inhibition of specific molecular targets in T cells may be of therapeutic benefit for patients with cancers, including solid tumors, and in patients with autoimmune and allergic diseases. Based on interim results from a Phase 1/1b clinical trial in patients with refractory T cell lymphomas, which demonstrated tumor responses in very advanced, refractory, difficult to treat T cell malignancies, the Company plans to initiate a registrational Phase 3 clinical trial of soquelitinib in patients with relapsed peripheral T cell lymphoma (PTCL).
Chief Financial Officer
Corvus Pharmaceuticals, Inc.

Frequently Asked Questions

What is Corvus Pharmaceuticals presenting at the ASH meeting?

Corvus Pharmaceuticals will present new interim data on soquelitinib for PTCL.

When will the presentation on soquelitinib occur?

The presentation is scheduled for December 9, 2023, at 5:30 PM PT.

Who will present the research on soquelitinib?

Dr. Ning Ding from Peking University Cancer Hospital will present the research.

What does soquelitinib aim to inhibit?

Soquelitinib is designed to selectively inhibit ITK, which affects T cell function.

What is the focus of Corvus Pharmaceuticals' research?

The focus is on developing ITK inhibition for cancers and immune diseases.

Last updated: Nov 2, 2023