Latest news with #CLYM116
Yahoo
19-05-2025
- Business
- Yahoo
Climb Bio Reports Inducement Grant Under Nasdaq Listing Rule 5635(c)(4)
WELLESLEY HILLS, Mass., May 19, 2025 (GLOBE NEWSWIRE) -- Climb Bio, Inc. (Nasdaq: CLYM), a clinical-stage biotechnology company developing therapeutics for patients with immune-mediated diseases, today announced that the Company has granted an inducement equity award to a new employee, pursuant to the Company's 2025 Inducement Plan, as an inducement material to the new employee entering into employment with the Company in accordance with Nasdaq Listing Rule 5635(c)(4). The inducement equity award was granted to one new employee on May 19, 2025, and consisted of a non-statutory stock option to purchase up to an aggregate of 120,000 shares of common stock of the Company. The option has an exercise price of $1.27 per share, which is equal to the closing price per share of the Company's common stock as reported by The Nasdaq Global Market on May 19, 2025. In addition, the option has a ten-year term and vests over four years, with 25% of the original number of shares vesting on the first anniversary of the employee's start date and the remainder of the shares underlying the option vesting in 36 equal monthly installments thereafter, subject to the employee's continued service with the Company through the applicable vesting dates. The inducement grant is subject to the terms and conditions of an award agreement and the Company's 2025 Inducement Plan. About Climb Bio, Inc. Climb Bio, Inc. is a clinical-stage biotechnology company developing therapeutics for patients with immune-mediated diseases. The Company's pipeline includes, budoprutug, an anti-CD19 monoclonal antibody that has demonstrated B-cell depletion and has potential to treat a broad range of B-cell mediated diseases, and CLYM116, an anti-APRIL monoclonal antibody currently in IND-enabling studies for IgA nephropathy. For more information, please visit Investors and MediaCarlo Tanzi, Investor Relationsctanzi@ in to access your portfolio
Yahoo
20-03-2025
- Business
- Yahoo
Climb Bio: Meet The Newest Star in Autoimmune Disease Treatment
By Rayk Riechmann As one of the brightest emerging biotechnology companies, Climb Bio Inc. (NASDAQ: CLYM) aims to improve the efficacy of autoimmune disease treatment. With its recently acquired lead asset, Budoprutug, and exclusively licensed Anti-APRIL antibody, CLYM116, the innovative biotech play is positioned to pull ahead of the pack. We expect 2025 to be a momentous year for the newcomer, based on a best-in-class treatment pipeline. Autoimmune diseases affect about 7.6-9.4% of the population globally. Within this market, CLYM has identified four focus areas that build the foundation of its strategy. Our report focuses heavily on the technicalities of the due diligence process, the scientific background of Budoprutug and CLYM116, and how it offers effective treatment for B Cell-mediated conditions and IgA Nephropathy. With exciting hires, including the freshly appointed CEO – Aoife Brennan, M.B., Ch.B. – Climb Bio has an experienced management team and the needed clinical trial expertise to navigate successfully through 2025 and beyond. For equity investors awaiting signs of success in Climb Bio's drug development and trials, the company offers long-term security through a strong balance sheet, including cash reserves of $212 million, sufficient to serve planned operations through 2027. Shares are currently trading at a discount to peers, resulting in a market cap of around $90 million, with multiple catalysts lined up for 2025. Climb Bio could also be an M&A target. A tremendous uptick to 14 immune-focused acquisitions in 2024 signifies increased interest by big pharma in the space and could lead to an attractive exit for existing shareholders, with hefty premiums paid in 2023 and 2024. Risk-averse investors may be taking a backseat for now – but may be missing out on a juicy upside. As the company moves through more successful development stages, more investors are likely to take notice. Investors, patients, and healthcare providers can look forward to CLYM moving quickly – and are well advised to taking a close look sooner rather than later. Contact: Rayk@ Sign in to access your portfolio
Yahoo
24-02-2025
- Business
- Yahoo
Climb Bio Appoints Perrin Wilson, Ph.D., as Chief Business Officer
WELLESLEY HILLS, Mass., Feb. 24, 2025 (GLOBE NEWSWIRE) -- Climb Bio, Inc. (Nasdaq: CLYM) announced today the appointment of Perrin Wilson, Ph.D. as Chief Business Officer. Dr. Wilson is an accomplished leader, with over 17 years of experience in the pharmaceutical and biotech industry. 'I am delighted to welcome Dr. Perrin Wilson to the Climb Bio management team,' said Aoife Brennan, President and CEO of Climb Bio. 'Perrin brings extensive experience and a track record of success across large pharma and biotech to Climb Bio. As Chief Business Officer, she will lead the Company's pre-commercial planning, communications, and business development efforts. Perrin's proven expertise in negotiating pivotal transactions, combined with her deep commercial acumen, will be invaluable to Climb Bio as we advance our ambition of becoming a leader in developing best-in-class treatments for patients with immune-mediated diseases, where the need for innovative solutions remains profound.' 'This is an exciting time to join Climb Bio, which has both a growing pipeline of differentiated programs and a strong financial position,' said Dr. Wilson. 'I look forward to working with the team as we progress our key assets, budoprutug and CLYM116, continue building the company, and achieve our mission of bringing better treatment options to people living with immune-mediated diseases.' Before joining Climb Bio, Dr. Wilson served as Senior Vice President, Business Development and Strategy at Nuvalent and held positions of increasing responsibility at Forma Therapeutics/Novo Nordisk, including Head of Forma Business Development and Integration Management Office, Vice President Business Development and Senior Director Global Marketing, Sickle Cell Disease Strategy. While at Forma, she led the $1.1 billion acquisition by Novo Nordisk and out-licensing of Forma's oncology portfolio and was responsible for developing the global brand plan and supporting the ex-US and lifecycle management strategy for the sickle cell program. Before that, Dr. Wilson spent seven years at Takeda in various business development and commercial roles leading multiple transactions to strengthen Takeda's oncology pipeline, including the $5.2 billion acquisition of ARIAD, and leading the global strategy and pre-launch preparations for Takeda's myelodysplastic syndromes program. Earlier in her career, she spent seven years at Forest Laboratories, Inc. in both business development and commercial roles. Dr. Wilson received her from Lafayette College and Ph.D. from The Rockefeller University. About Climb Bio, Bio, Inc. is a clinical-stage biotechnology company developing therapeutics for patients with immune-mediated diseases. The Company's pipeline includes budoprutug, an anti-CD19 monoclonal antibody that has demonstrated B-cell depletion and has potential to treat a broad range of B-cell mediated diseases, and CLYM116, an anti-APRIL monoclonal antibody currently in IND-enabling studies for IgA nephropathy. For more information, please visit Forward-Looking Statements This press release contains 'forward-looking statements' within the meaning of the Private Securities Litigation Reform Act of 1995, including without limitation statements regarding: future expectations, plans and prospects for Climb Bio; expectations regarding the therapeutic benefits, clinical potential and clinical development of budoprutug and CLYM116; the anticipated benefits of Climb Bio's license agreement with Mabworks; the sufficiency of Climb Bio's cash resources for the period anticipated; and other statements containing the words 'anticipate,' 'believe,' 'continue,' 'could,' 'estimate,' 'expect,' 'intend,' 'may,' 'plan,' 'potential,' 'predict,' 'project,' 'should,' 'target,' 'would,' 'will,' 'working' and similar expressions. Forward-looking statements are based on management's current expectations of future events and are subject to a number of risks and uncertainties that could cause actual results to differ materially and adversely from those set forth in, or implied by, such forward-looking statements. Climb Bio may not actually achieve the plans, intentions or expectations disclosed in these forward-looking statements, and you should not place undue reliance on these forward-looking statements. These risks and uncertainties include, but are not limited to, important risks and uncertainties associated with: the ability of Climb Bio to timely and successfully achieve or recognize the anticipated benefits of its acquisition of Tenet Medicines, Inc. and its license agreement with Mabworks; changes in applicable laws or regulation; the possibility that Climb Bio may be adversely affected by other economic, business and/or competitive factors; Climb Bio's ability to advance budoprutug and CLYM116 on the timelines expected or at all and to obtain and maintain necessary approvals from the U.S. Food and Drug Administration and other regulatory authorities; obtaining and maintaining the necessary approvals from investigational review boards at clinical trial sites and independent data safety monitoring boards; replicating in clinical trials positive results found in early-stage clinical trials; competing successfully with other companies that are seeking to develop treatments for primary membranous nephropathy, immune thrombocytopenia, systemic lupus erythematosus, IgA nephropathy and other immune-mediated diseases; maintaining or protecting intellectual property rights related to budoprutug, CLYM116 and/or its other product candidates; managing expenses; and raising the substantial additional capital needed, on the timeline necessary, to continue development of budoprutug, CLYM116 and any other product candidates Climb Bio may develop. For a discussion of other risks and uncertainties, and other important factors, any of which could cause Climb Bio's actual results to differ materially from those contained in the forward-looking statements, see the 'Risk Factors' section, as well as discussions of potential risks, uncertainties and other important factors, in Climb Bio's most recent filings with the U.S. Securities and Exchange Commission. In addition, the forward-looking statements included in this press release represent Climb Bio's views as of the date hereof and should not be relied upon as representing Climb Bio's views as of any date subsequent to the date hereof. Climb Bio anticipates that subsequent events and developments will cause Climb Bio's views to change. However, while Climb Bio may elect to update these forward-looking statements at some point in the future, Climb Bio specifically disclaims any obligation to do so, except as required by law. 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