The proceeds from this offering will fund Stoke's R&D activities, especially for their Dravet syndrome candidate STK-001, preclinical development of ophthalmology candidate STK-002, and other pipeline projects.
The study combines InnoCare's SHP2 allosteric inhibitor, ICP-189, with ArriVent's furmonertinib, an EGFR inhibitor, for patients with advanced or metastatic NSCLC.
Surrozen has reported positive preliminary results from its Phase 1a clinical trial of SZN-043, a drug designed to treat severe alcohol-associated hepatitis.
Equillium, Inc., a clinical-stage biotech firm, has reported positive primary results from the Phase 1b EQUALISE study's Type B segment, which assessed the efficacy of itolizumab in lupus nephritis patients.
The pharmaceutical industry is experiencing a surge in the sales of injectable GLP-1 drugs for weight loss, with Eli Lilly's Zepbound recently surpassing Novo Nordisk's Wegovy in new U.S. prescriptions.