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XCUR-Events
Exicure to Issue 172,058 Shares to GPCR Therapeutics
Exicure announced that it expects to issue 172,058 shares of its common stock to GPCR Therapeutics during August in settlement of a $1M clinical milestone payment obligation under the parties' license and collaboration agreement. The milestone payment was triggered by the completion of the Phase 2 clinical trial of Burixafor, including the formal submission of the Clinical Study Report to the FDA on January 16. The shares are expected to be issued at a deemed value of $5.81 per share, based on applicable Nasdaq trading data, representing an aggregate deemed value of approximately $1M. On July 31, the company submitted a listing of additional shares notification to Nasdaq in connection with the equity issuance. The company also completed and delivered the applicable treasury issuance instructions to its transfer agent, Equiniti Trust Company. The Company expects the issuance to be completed during August, subject to the completion of customary Nasdaq and transfer agent review and processing procedures. Exicure intends to provide an additional update following completion of the issuance.
Exicure Receives Compliance Notice from Nasdaq
Exicure announced that it received a notification letter from Nasdaq indicating that the company was not in compliance with Nasdaq Listing Rule 5250 due to the delayed filing of its quarterly report on Form 10-Q for the three months ended March 31.
Exicure Publishes Phase 2 Study Results for Burixafor
Exicure announced the publication of results from a prior Phase 2 clinical study evaluating burixafor, a highly selective CXCR4 inhibitor, in the journal Annals of Hematology. The manuscript, titled "Burixafor, a CXCR4 Inhibitor with a Differentiated Kinetics Profile: Results of a Phase 2 Study for Rapid Cell Mobilization in Multiple Myeloma and Lymphoma Patients Undergoing Transplant," reports results from a 12-participant, multi-center, open-label Phase 2 study evaluating burixafor in combination with granulocyte colony-stimulating factor in patients with multiple myeloma, non-Hodgkin's lymphoma, and Hodgkin disease undergoing autologous stem cell transplantation. In the study, 11 of 12 participants met the primary endpoint of collecting greater than or equal to 5.0x10^6 CD34+ cells/kg within two leukapheresis sessions, with six participants achieving the target in a single session. Median time to neutrophil and platelet engraftment was 12 and 22 days, respectively. Burixafor was generally well tolerated, with only two treatment-related adverse events reported, both low grade.
Exicure Announces Phase 2 Trial Results for Multiple Myeloma Treatment
Exicure announced results from its completed Phase 2 trial evaluating burixafor in combination with propranolol and granulocyte colony-stimulating factor for the mobilization of hematopoietic progenitor cells in patients with multiple myeloma undergoing autologous hematopoietic cell transplantation. The data, which showed that approximately 90% of study participants achieved the primary endpoint, were presented in an oral session at the 67th American Society of Hematology annual meeting in Orlando, Florida. Burixafor is an investigational small molecule that blocks CXCL12 binding to CXCR4 receptors on HPCs, rapidly mobilizing these cells from the bone marrow into the peripheral blood. In preclinical studies, propranolol enhanced burixafor-induced mobilization by inhibiting the ss2-adrenergic receptor. In the open-label, multicenter Phase 2 trial, 17 of 19 participants achieved the primary endpoint. Two required another session to achieve 2x106 CD34+ cells/kg. Among participants who proceeded to transplant, the median time to neutrophil engraftment was 13 days, and the median time to platelet engraftment was 17.5 days. Burixafor has a differentiated and rapid mobilization kinetics, with peak peripheral levels of CD34+ cells observed within one hour of administration. This distinguishes it from other CXCR4 inhibitors and allows for same day burixafor administration and apheresis. Notably, 16 of 19 participants had prior exposure to daratumumab, a therapy associated with reduced mobilization, yet 14 of those 16 participants achieved the primary endpoint, including 12 of 14 participants who had received both daratumumab and lenalidomide. Longer intervals between the last dose of daratumumab and leukapheresis were associated with higher CD34+ cell yields. Burixafor administered in combination with propranolol and G-CSF was well tolerated and demonstrated an excellent safety profile. There were no burixafor-related adverse events higher than Grade 2.
Exicure Inc Trading Resumes
Exicure Inc trading resumes
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