Terns Announces Abstract with Positive Clinical Data for TERN-701 in Relapsed/Refractory CML Selected for Oral Presentation at 67th ASH Annual Meeting

On November 3, 2025 Terns Pharmaceuticals, Inc. (Terns or the Company) (Nasdaq: TERN), a clinical stage oncology company, reported that data from the ongoing CARDINAL trial of TERN-701, a novel investigational allosteric BCR::ABL1 inhibitor, in participants with previously treated chronic myeloid leukemia (CML) has been selected for oral presentation on December 8, 2025 at the 67th American Society of Hematology (ASH) (Free ASH Whitepaper) Annual Meeting and Exposition taking place in Orlando, FL. The company will host a conference call and webcast for investors at 4:30pm ET following the ASH (Free ASH Whitepaper) presentation.

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The abstract is now available on the ASH (Free ASH Whitepaper) website and details are summarized below. A more expansive and updated dataset from the CARDINAL trial will be presented at the ASH (Free ASH Whitepaper) Annual Meeting in December.

"We are pleased that data from our CARDINAL trial have been selected for oral presentation at ASH (Free ASH Whitepaper). These data further validate the potential of TERN-701 to be a new, game-changing therapy for CML. The 24 weeks MMR achievement rate with TERN-701 is unprecedented, trending at least two times higher than the rates reported in other Phase 1 studies of CML therapies that are approved or in development," said Amy Burroughs, chief executive officer of Terns.

"Importantly, TERN-701 also achieved consistently high overall (cumulative) MMR rates in key, difficult to treat patient subgroups while maintaining an encouraging safety profile. These emerging data strongly reinforce our conviction that TERN-701 has the potential to be a best-in-disease therapy, with broad opportunity across all CML treatment lines. We look forward to sharing additional data in December," added Ms. Burroughs.

The ASH (Free ASH Whitepaper) abstract published today reports data from the ongoing dose escalation and dose expansion parts of the CARDINAL study of TERN-701 in patients with previously treated CML. As of the June 30th, 2025, cutoff date, 55 patients were enrolled. Highlights include:


  Of 32 efficacy-evaluable patients:


Overall (cumulative) major molecular response (MMR) rate of 75% (24/32) by 24 weeks, with 64% (14/22) achieving MMR and 100% (10/10) maintaining MMR


Overall (cumulative) MMR by 24 weeks in difficult to treat patient subgroups:


  69% (11/16) in patients with lack of efficacy to last tyrosine kinase inhibitor (TKI)


  60% (6/10) in patients who had prior asciminib


  67% (8/12) in patients with prior asciminib / ponatinib / investigational TKI


No patients had lost MMR at the time of data cutoff


  Enrolled patients had heavily pretreated, refractory disease:


Median of 3 prior TKIs


35% had ≥4 prior TKIs


56% and 44% had baseline BCR::ABL1 >1% and >10%, respectively


64% discontinued their last TKI due to lack of efficacy


36% had prior asciminib treatment, 25% had prior ponatinib and/or an investigational TKI (olverembatinib / ELVN-001)


13% with BCR::ABL1 mutations (9% with T315I and 4% with F317L)


  Encouraging safety profile:


87% (48/55) patients remained on treatment as of the data cut-off; with discontinuations due to disease progression (n=4), adverse events (n=1), and consent withdrawal/lost to follow up (n=2)


No dose-limiting toxicities (DLTs) were observed in dose escalation and a maximum tolerated dose (MTD) was not reached


The majority (74%) of treatment-emergent adverse events (TEAEs) were low grade with no apparent dose relationship


Most common TEAEs were diarrhea (22%), headache (18%) and nausea (16%), all Grade 1 or 2


Grade 3 or higher TEAEs were all less than 10%, most commonly neutropenia (7%) and thrombocytopenia (4%)


TERN-701 exposures were approximately dose proportional across the dose range

Details for the ASH (Free ASH Whitepaper) oral presentation are as follows:

Title: CARDINAL: A Phase 1 study of TERN-701, a novel investigational allosteric BCR::ABL1 inhibitor for patients with previously treated CML

Presenter: Elias Jabbour, MD, Professor, Department of Leukemia, Division of Cancer Medicine, MD Anderson Cancer Center

Session Name: 632. Chronic Myeloid Leukemia: Clinical and Epidemiological: Therapeutic agents to enhance patient outcomes

Session Date: December 8, 2025

Session Time: 2:45 – 4:15pm ET

Presentation Time: 2:45 – 3:00pm ET

Following the full presentation at the ASH (Free ASH Whitepaper) Annual Meeting, the presentation materials will be made available on the Terns website.

Company Conference Call and Webcast Information

Terns will host a conference call and webcast for investors at 4:30pm ET on December 8, 2025 following the oral presentation at the ASH (Free ASH Whitepaper) Annual Meeting. Members of the Terns management team will discuss the TERN-701 data from CARDINAL and next steps in the development of TERN-701.

Webcasts can be accessed in the investor relations section of the Company’s website. A replay of the event will be available for a limited time.

About TERN-701 and CARDINAL Clinical Trial

TERN-701 is currently being evaluated in the CARDINAL trial (NCT06163430), a global multi-center dose escalation and dose-expansion clinical trial to assess safety, tolerability and efficacy in patients with previously treated chronic phase (CP) CML. The dose escalation portion of the CARDINAL trial completed in January 2025 with no dose limiting toxicities (DLTs) observed up to the maximum dose of 500 mg QD. Terns initiated the dose expansion portion of the trial in April 2025 with patients randomized to one of two dose cohorts (320 mg or 500 mg QD) with up to 40 patients per arm.

(Press release, Terns Pharmaceuticals, NOV 3, 2025, View Source [SID1234659283])

Matica Bio, a CDMO Leader in Oncolytic Virus Manufacturing, Partners with Calidi Biotherapeutics to Advance Calidi’s Project Toward IND

On November 3, 2025 Matica Biotechnology, Inc. ("Matica Bio"), a leading viral vector CDMO specializing in advanced therapies, reported a strategic partnership with Calidi Biotherapeutics, Inc. ("Calidi"), a clinical-stage immuno-oncology company developing next-generation oncolytic virus-based therapies. Under the agreement, Matica Bio will provide analytical development (AD), process development (PD), and GMP manufacturing to support the IND submission for CLD-401, the first lead from Calidi’s RedTail platform a groundbreaking approach to genetic medicines. CLD-401 is a tumor-tropic oncolytic virus designed to home to metastatic sites after systemic administration, replicate only in tumors cells, induce an immune priming event at the tumor site, and express high levels of IL-15 superagonist in the tumor microenvironment, a potent cytokine that induces NK and T-cell responses to the tumor.

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This collaboration reinforces Matica Bio’s growing reputation as one of the few CDMOs globally with proven, end-to-end capabilities, especially in oncolytic virus manufacturing. The company has successfully executed multiple oncolytic virus programs at its state-of-the-art, purpose-built GMP facility in College Station, Texas—designed specifically to support complex viral vector modalities.

"Matica Bio has become a sought-after partner especially in the oncolytic virus space because of our technical expertise, regulatory readiness, and track record of delivering seamless development-to-GMP manufacturing programs," said Paul Kim, CEO of Matica Bio. "We’re excited to work with Calidi on this breakthrough program and continue advancing next-gen cancer immunotherapies."

Calidi’s CLD-401 is part of its differentiated RedTail platform. RedTail utilizes an engineered form of extracellular enveloped vaccinia virus that is resistant to immune clearance, can be administered systemically with tropism for metastatic sites, and can deliver genetic medicine payloads to the tumor microenvironment. CLD-401 has potent oncolytic and immune priming effects and also specifically delivers IL-15 superagonist at high levels to the tumor microenvironment.

"Matica Bio stood out as the clear CDMO of choice for Calidi project due to their deep experience with viral vector and their ability to handle complex viral programs with precision," said Eric Poma, CEO of Calidi Biotherapeutics. "The team and facility give us full confidence as we prepare for IND filing and clinical advancement."

With an increasing number of biotechs developing virotherapies, the demand for CDMOs capable of managing these highly specialized programs is growing. Matica Bio’s flexible manufacturing model, integrated process and analytical development, and deep viral vector expertise—including AAV, LVV, and oncolytic viruses—make it a preferred partner for innovative CGT developers worldwide.

(Press release, Calidi Biotherapeutics, NOV 3, 2025, View Source [SID1234659301])

CytoDyn Secures $30 Million Commitment from Yorkville Advisors

On November 3, 2025 CytoDyn Inc. (OTCQB: CYDY) ("CytoDyn" or the "Company"), a clinical-stage oncology company advancing leronlimab, a first-in-class humanized monoclonal antibody targeting the CCR5 receptor with therapeutic potential across multiple indications, including triple-negative breast cancer (TNBC) and metastatic colorectal cancer (mCRC), reported that it has secured a $30 million funding commitment from Yorkville Advisors Global.

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Under the terms of the agreement, CytoDyn has the right to sell, and Yorkville has the obligation to purchase up to $30 million worth of CytoDyn’s common stock over the next 36 months. CytoDyn, at its sole discretion, will control the timing of all sales of common stock to Yorkville, and there are no warrants, derivatives, or other share classes associated with the funding arrangement. CytoDyn is not obligated to utilize any of the $30 million available, there are no minimum commitments or minimum use penalties, and the arrangement does not impose any restrictions on the Company’s operating activities.

"This funding commitment from Yorkville is a solid step in the right direction for CytoDyn," said Robert E. Hoffman, CFO of CytoDyn. "We will utilize this underlying commitment to further develop our program centered around the ability of leronlimab to upregulate PD-L1. This type of discretionary arrangement allows us continued flexibility as we look to bring in additional capital, whether it be through additional financings or strategic partnerships."

For more information on the funding commitment secured from Yorkville, including key terms and conditions of the agreement, please see CytoDyn’s filings with the Securities and Exchange Commission, including its Current Report on Form 8-K filed on November 3, 2025.

(Press release, CytoDyn, NOV 3, 2025, View Source [SID1234659252])

NANOBIOTIX to Participate in Investor Conferences the Week of November 10th

On November 3, 2025 NANOBIOTIX (Euronext: NANO – NASDAQ: NBTX – the "Company"), a late-clinical stage biotechnology company pioneering nanotherapeutic approaches to expand treatment possibilities for patients with cancer and other major diseases, reported that Company management will participate in fireside chats at following conferences:

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UBS Global Healthcare Conference
Date: Monday, November 10, 2025
Time: 5pm ET / 11pm CET
Location: Palm Beach Gardens, FL
Presenter: Bart van Rhijn, Chief Financial & Business Officer of Nanobiotix

Guggenheim’s Annual Healthcare Innovation Conference
Date: Monday, November 10, 2025
Time: 4:30pm ET / 10:30pm CET
Location: Boston, MA
Presenter: Laurent Levy, Chief Executive Officer of Nanobiotix
Webcast link: Click here

Stifel Healthcare Conference
Date: Thursday, November 13, 2025
Time: 8am ET / 2pm CET
Location: New York, NY
Presenters: Laurent Levy, Chief Executive Officer of Nanobiotix and Bart van Rhijn, Chief Financial & Business Officer of Nanobiotix

The recorded fireside chats will be webcast live from the events page of the Investors section of the Company’s website. Replay of the webcast will be available following the event.

(Press release, Nanobiotix, NOV 3, 2025, View Source [SID1234659268])

Disc Medicine Announces Presentation of Initial Data from RALLY-MF Phase 2 Trial in Patients with Myelofibrosis (MF) and Anemia at the 67th American Society of Hematology (ASH) Annual Meeting

On November 3, 2025 Disc Medicine, Inc. (NASDAQ:IRON), a clinical-stage biopharmaceutical company focused on the discovery, development, and commercialization of novel treatments for patients suffering from serious hematologic diseases, reported two poster presentations, including initial data from the RALLY-MF Phase 2 trial of DISC-0974 in anemia of MF, at the upcoming American Society of Hematology (ASH) (Free ASH Whitepaper) Annual Meeting, which will be held in Orlando, FL on December 6-9, 2025.

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"The highlight of our ASH (Free ASH Whitepaper) presentations this year will be an initial look at data from RALLY-MF, our Phase 2 trial of DISC-0974 in anemia of myelofibrosis," said John Quisel, J.D., Ph.D., President and Chief Executive Officer of Disc Medicine. "Following the strong Phase 1b results we presented at ASH (Free ASH Whitepaper) last year, we are eager to share an update on this program, including results from more patients from across the range of MF anemia patients, as a monotherapy and in combination with JAK inhibitor backbone therapies, including ruxolitinib and momelotinib. We will also present a poster on the design of our ongoing Phase 2 trial of DISC-3405 in polycythemia vera. We expect to share an initial readout for this trial, as well as for the Phase 1b trial of DISC-3405 in sickle cell disease, in 2026."

Management will host a call during the ASH (Free ASH Whitepaper) meeting to review highlights of the presented data and plans for next steps in development on Sunday, December 7 at 7:30am EST. Please register for the event on the Events and Presentations page of Disc’s website (View Source).

Details of Poster Presentations:

The abstracts are now available through the ASH (Free ASH Whitepaper) conference website. Pursuant to Disc Medicine practice, the clinical study abstracts published today contain previously presented data; new data and analyses are reserved for presentation at the conference.

DISC-0974 Poster Presentation:

Publication Number: 2042
Title: RALLY MF: A phase 2 Study of DISC-0974, an anti-hemojuvelin antibody, in patients with myelofibrosis and anemia
Date / Time: Saturday, December 6, 5:30 pm – 7:30pm EST
Presenting Author: Naseema Gangat, M.B.B.S.

DISC-3405 Poster Presentation:

Publication Number: 2053
Title: A phase 2, open-label study of the safety, tolerability, pharmacokinetics, pharmacodynamics, and efficacy of DISC-3405 in participants with polycythemia vera (PV)
Date / Time: Saturday, December 6, 5:30 pm – 7:30pm EST
Presenting Author: Marcus Carden, M.D., M.Sc.

(Press release, Disc Medicine, NOV 3, 2025, View Sourcenews-releases/news-release-details/disc-medicine-announces-presentation-initial-data-rally-mf-phase [SID1234659286])