Apollomics Announces Updated Strategic Focus and Leadership Team Changes
- Apollomics Strategic Focus: Apollomics Inc. announces a strategic focus on developing vebreltinib for NSCLC patients with Met Amplification to address treatment-resistant cancers efficiently.
- Executive Leadership Changes: Sanjeev Redkar and Peony Yu are expected to transition to consulting roles in August due to the updated strategic focus of Apollomics.
- Cost Reduction Measures: Apollomics expects significant reductions in operating expenses by focusing on enrolling new patients, completing studies, and departing executive officers.
- Financial Outlook: With the cost reduction measures, Apollomics anticipates funding operations into Q3 2025 and reducing ongoing operational expenses by over 50%.
- About Vebreltinib: Vebreltinib is a selective c-MET inhibitor showing promise in inhibiting tumor growth and resistance to certain therapies, currently under clinical investigation for various cancer types.
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Nasdaq Compliance: Apollomics Inc. has received confirmation from Nasdaq that it is in compliance with listing requirements, leading to the cancellation of its appeal hearing regarding a previous delisting notification.
Company Overview: Apollomics is a clinical-stage biopharmaceutical company focused on developing oncology therapies, with its lead drug candidate, vebreltinib, currently in Phase 2 trials for treating non-small cell lung cancer and other advanced tumors.
Trading Halt Announcement: Nasdaq announced a trading halt for Apollomics Inc., Ltd. on September 17, 2025, at 14:37:17 Eastern Time due to a request for additional information from the company.
Current Share Prices: The last recorded sale price for Apollomics' ordinary shares was $18.4331, while the warrants were priced at $0.0191, with trading remaining halted until the company complies with Nasdaq's information request.

Strategic Collaboration: Apollomics Inc. has partnered with LaunXP to develop vebreltinib in combination with an EGFR inhibitor, receiving a $10 million upfront payment and aiming to expand its clinical dataset for treating non-small cell lung cancer (NSCLC).
Financial Overview: As of December 31, 2024, Apollomics reported $9.8 million in cash, a significant reduction in net loss compared to the previous year, and plans to focus resources on vebreltinib for patients with MET amplification, ensuring operational funding through early 2026.

Collaboration Announcement: Apollomics has partnered with LaunXP to develop and commercialize vebreltinib, a c-Met inhibitor combined with an EGFR inhibitor for treating non-small cell lung cancer (NSCLC) in Asia, excluding mainland China, Hong Kong, and Macau.
Financial Terms: Apollomics will receive $10 million upfront, potential pre-commercial milestones of up to $50 million, and royalties on net product sales as part of the agreement.

Trial Results: Apollomics Inc. announced that its Phase 3 trial of uproleselan for relapsed or refractory acute myeloid leukemia did not show a favorable benefit compared to chemotherapy alone, with median overall survival being lower in the uproleselan group (9.3 months) than in the control group (14.3 months).
Future Plans: The company plans to conclude the uproleselan program and submit full trial results for presentation at a future medical conference, while also focusing on its lead oncology program, vebreltinib, which is currently in clinical trials.
Regaining Compliance: Apollomics Inc. has regained compliance with Nasdaq's minimum bid price requirement, confirming that its Class A ordinary shares have maintained a closing bid price of $1.00 or greater for ten consecutive business days.
Company Overview: Apollomics is a clinical-stage biopharmaceutical company focused on developing oncology therapies, including its lead program vebreltinib, a selective c-Met inhibitor currently in Phase 2 trials for non-small cell lung cancer and other advanced tumors.





