Actuate to Present at the H.C. Wainwright 26th Annual Global Investment Conference
Actuate Therapeutics Presentation: Actuate Therapeutics, a clinical-stage biopharmaceutical company focused on cancer therapies, will present at the H.C. Wainwright 26th Annual Global Investment Conference in New York City from September 9-11, 2024, with a corporate presentation scheduled for September 10 at 4:00 PM ET.
Company Focus and Drug Development: The company is developing elraglusib, a novel GSK-3 inhibitor aimed at treating difficult cancers like pancreatic cancer and Ewing sarcoma by targeting tumor growth pathways and enhancing anti-tumor immunity.
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Actuate Therapeutics Reports Positive Clinical Data for Elraglusib
- Clinical Trial Results: Actuate Therapeutics published new data in Nature Medicine from the Phase 2 trial of Elraglusib combined with GnP for metastatic pancreatic cancer, showing a median overall survival increase of 10.1 months to 17.3 months, significantly outperforming the 7.2 months for GnP alone, indicating the drug's potential in pancreatic cancer treatment.
- Survival Rate Improvement: The one-year survival rate for the combination therapy group was 44.1%, compared to just 22.3% for the GnP alone group, suggesting that the use of Elraglusib significantly enhances patient survival chances and could change treatment standards for pancreatic cancer.
- Safety Assessment: While the safety profile of the Elraglusib/GnP combination was generally manageable, common Grade 3 or higher adverse events included neutropenia, anemia, and fatigue, indicating the need for careful monitoring of patient tolerance in clinical applications.
- Positive Market Reaction: Following the data release, ACTU's stock price rose by 14.27% to close at $2.08, reflecting investor confidence in the drug's potential, with further gains of 2.88% in after-hours trading, indicating optimistic market expectations for its future development.
Actuate Therapeutics Announces Encouraging Phase II Results for Salivary Gland Cancers
Positive Study Results: Actuate Therapeutics reported favorable outcomes from a Phase II study of elraglusib combined with carboplatin or cisplatin for advanced metastatic salivary gland cancers, showing a median overall survival of 18.6 months.
Patient Demographics and Survival Rates: The study included 47% adenoid cystic carcinoma (ACC) and 53% non-ACC patients, with non-ACC patients experiencing a median overall survival of 27.8 months.
Progression-Free Survival: The median progression-free survival was 6.4 months, with only 27% of patients remaining progression-free at one year, contrasting with historical estimates for ACC and non-ACC.
Market Reaction: Following the announcement, Actuate shares increased by over 4% in pre-market trading, closing at $7.52, reflecting a 1.35% rise from the previous day.
HC Wainwright & Co. Affirms Buy Rating for Actuate Therapeutics, Keeps $20 Price Target Intact
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Actuate Therapeutics Reveals Pricing for $15.0 Million Public Stock Offering
Public Offering Announcement: Actuate Therapeutics, Inc. has priced an underwritten public offering of 2,142,858 shares of common stock at $7.00 per share, aiming to raise approximately $15 million for working capital and corporate purposes.
Use of Proceeds: The company plans to utilize the net proceeds from the offering for general corporate needs, with the offering expected to close on September 11, 2025, pending customary closing conditions.
Company Focus: Actuate Therapeutics is a clinical-stage biopharmaceutical company developing therapies for challenging cancers, with its lead drug, elraglusib, targeting pathways that promote tumor growth and resistance to conventional treatments.
Forward-Looking Statements: The press release includes forward-looking statements regarding the offering's timing and completion, emphasizing the inherent risks and uncertainties that could affect actual results.
Actuate Therapeutics Analyst Starts Coverage Positively; Check Out Tuesday's Top 3 Initiations
Analyst Ratings Updates: Top Wall Street analysts have revised their outlooks on several companies, with a focus on upgrades and new coverage initiations.
Actuate Therapeutics Coverage: B. Riley Securities analyst Mayank Mamtani initiated coverage on Actuate Therapeutics (ACTU) with a Buy rating and a price target of $20, while the stock closed at $7.98.
Gyre Therapeutics Coverage: HC Wainwright & Co. analyst Matthew Keller also initiated coverage on Gyre Therapeutics (GYRE) with a Buy rating and a price target of $18, closing at $8.18.
CareDx Coverage: William Blair analyst Andrew Brackmann started coverage on CareDx (CDNA) with a Market Perform rating, with shares closing at $12.75.
B. Riley Securities Begins Coverage of Actuate Therapeutics with a Buy Rating and Sets Price Target at $20
Real-time Intelligence: Benzinga Pro offers the fastest news alerts for traders to stay updated on market movements.
Exclusive Content: The platform provides exclusive stories and insights generated by Benzinga reporters.
Community Engagement: Over 10,000 serious traders are part of the Benzinga Pro community, sharing strategies and intelligence.
Market Winning Tool: Traders utilize Benzinga Pro's resources to enhance their trading success in the stock market.
Actuate Therapeutics Reports Positive Clinical Data for Elraglusib
- Clinical Trial Results: Actuate Therapeutics published new data in Nature Medicine from the Phase 2 trial of Elraglusib combined with GnP for metastatic pancreatic cancer, showing a median overall survival increase of 10.1 months to 17.3 months, significantly outperforming the 7.2 months for GnP alone, indicating the drug's potential in pancreatic cancer treatment.
- Survival Rate Improvement: The one-year survival rate for the combination therapy group was 44.1%, compared to just 22.3% for the GnP alone group, suggesting that the use of Elraglusib significantly enhances patient survival chances and could change treatment standards for pancreatic cancer.
- Safety Assessment: While the safety profile of the Elraglusib/GnP combination was generally manageable, common Grade 3 or higher adverse events included neutropenia, anemia, and fatigue, indicating the need for careful monitoring of patient tolerance in clinical applications.
- Positive Market Reaction: Following the data release, ACTU's stock price rose by 14.27% to close at $2.08, reflecting investor confidence in the drug's potential, with further gains of 2.88% in after-hours trading, indicating optimistic market expectations for its future development.
Actuate Therapeutics Announces Encouraging Phase II Results for Salivary Gland Cancers
Positive Study Results: Actuate Therapeutics reported favorable outcomes from a Phase II study of elraglusib combined with carboplatin or cisplatin for advanced metastatic salivary gland cancers, showing a median overall survival of 18.6 months.
Patient Demographics and Survival Rates: The study included 47% adenoid cystic carcinoma (ACC) and 53% non-ACC patients, with non-ACC patients experiencing a median overall survival of 27.8 months.
Progression-Free Survival: The median progression-free survival was 6.4 months, with only 27% of patients remaining progression-free at one year, contrasting with historical estimates for ACC and non-ACC.
Market Reaction: Following the announcement, Actuate shares increased by over 4% in pre-market trading, closing at $7.52, reflecting a 1.35% rise from the previous day.
HC Wainwright & Co. Affirms Buy Rating for Actuate Therapeutics, Keeps $20 Price Target Intact
Real-time Intelligence: Benzinga Pro offers the fastest news alerts to help traders stay informed and make winning trades in the stock market.
Exclusive Community: Joining Benzinga Pro connects users with over 10,000 serious traders and provides access to exclusive stories and insights from Benzinga reporters.
Actuate Therapeutics Reveals Pricing for $15.0 Million Public Stock Offering
Public Offering Announcement: Actuate Therapeutics, Inc. has priced an underwritten public offering of 2,142,858 shares of common stock at $7.00 per share, aiming to raise approximately $15 million for working capital and corporate purposes.
Use of Proceeds: The company plans to utilize the net proceeds from the offering for general corporate needs, with the offering expected to close on September 11, 2025, pending customary closing conditions.
Company Focus: Actuate Therapeutics is a clinical-stage biopharmaceutical company developing therapies for challenging cancers, with its lead drug, elraglusib, targeting pathways that promote tumor growth and resistance to conventional treatments.
Forward-Looking Statements: The press release includes forward-looking statements regarding the offering's timing and completion, emphasizing the inherent risks and uncertainties that could affect actual results.
Actuate Therapeutics Analyst Starts Coverage Positively; Check Out Tuesday's Top 3 Initiations
Analyst Ratings Updates: Top Wall Street analysts have revised their outlooks on several companies, with a focus on upgrades and new coverage initiations.
Actuate Therapeutics Coverage: B. Riley Securities analyst Mayank Mamtani initiated coverage on Actuate Therapeutics (ACTU) with a Buy rating and a price target of $20, while the stock closed at $7.98.
Gyre Therapeutics Coverage: HC Wainwright & Co. analyst Matthew Keller also initiated coverage on Gyre Therapeutics (GYRE) with a Buy rating and a price target of $18, closing at $8.18.
CareDx Coverage: William Blair analyst Andrew Brackmann started coverage on CareDx (CDNA) with a Market Perform rating, with shares closing at $12.75.
B. Riley Securities Begins Coverage of Actuate Therapeutics with a Buy Rating and Sets Price Target at $20
Real-time Intelligence: Benzinga Pro offers the fastest news alerts for traders to stay updated on market movements.
Exclusive Content: The platform provides exclusive stories and insights generated by Benzinga reporters.
Community Engagement: Over 10,000 serious traders are part of the Benzinga Pro community, sharing strategies and intelligence.
Market Winning Tool: Traders utilize Benzinga Pro's resources to enhance their trading success in the stock market.
