Agenus Q3 2024 Earnings Report
Key Takeaways
Agenus reported revenue of $25.1 million and a net loss of $67.2 million for Q3 2024. The company is focused on advancing BOT/BAL, strategic initiatives including asset monetization and operational efficiencies to strengthen its financial position.
Botensilimab (BOT) and balstilimab (BAL) continues to deliver unprecedented outcomes across multiple cancer settings.
BOT/BAL is advancing in 3 ISTs with consistent clinical activity in MSS CRC, a tumor historically resistant to immunotherapy.
Presentations at ESMO2024 highlighted BOT/BAL’s clinical activity advanced sarcomas and other difficult-to-treat cancers, reinforcing its potential to redefine cancer treatment.
Agenus is committed to expanding patient access to BOT/BAL through Compassionate Use and Named Patient Programs.
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Forward Guidance
Agenus is focused on strategic initiatives, including asset monetization and operational efficiencies, to strengthen its financial position and continue driving forward.
Positive Outlook
- BOT/BAL represents one of the most significant advancements in cancer immunotherapy.
- BOT/BAL showing remarkable results in MSS colorectal cancer.
- Operational Efficiencies: Cash outflows have been significantly reduced through focused measures.
- Asset Monetization: Discussions to monetize real estate assets are progressing.
- Agenus is also advancing discussions on a strategic transaction designed to deliver substantial resources.