Vidutolimod is administered into the tumor and is believed to induce and expand anti-tumor T cells and induce tumor regression as a monotherapy in patients whose tumors previously progressed on PD-1 checkpoint inhibition.
CHECKMATE PHARMACEUTICALS FULL
It is our hope that Regeneron’s resources and expertise will help accelerate the development of vidutolimod and realization of the full potential of our virus-like particle (VLP) platform for immunotherapy,” said Art Krieg, M.D., Checkmate’s Founder and Chief Scientific Officer.
CHECKMATE PHARMACEUTICALS ACTIVATOR
“We believe that the data we have generated with vidutolimod positions Checkmate at the forefront of the innate immune activator field.
“We are thrilled that Checkmate will become part of Regeneron, a biotechnology leader that shares our deep appreciation for science, hunger for ground-breaking discoveries and commitment to helping patients defeat cancer,” said Alan Bash, President and Chief Executive Officer of Checkmate. We look forward to welcoming the Checkmate team and their complementary scientific acumen to the Regeneron family.” “The unique combination of a differentiated Toll-like receptor 9 with other antibody-based oncology agents may result in increased clinical benefit and provide new treatment options for patients in need. Schleifer, M.D., Ph.D., President and Chief Executive Officer of Regeneron. While Musk’s impressive innovation has served the company well, his personal flair is starting to raise governance questions,” said Laura Hoy, analyst at Hargreaves Lansdown.“As we continue to advance and expand our research efforts in immuno-oncology, the acquisition of Checkmate will add a promising new modality to Regeneron’s toolkit of potential approaches for difficult-to-treat cancers,” said Leonard S. “The bitcoin losses point out an important part of the Tesla investment case – its eccentric owner. Musk had said in May last year that Tesla would not sell its bitcoin. “This should be not taken as some verdict on bitcoin,” he said, adding that Tesla was open to increasing its cryptocurrency holdings in the future. Tesla has not sold any of its holdings of the Dogecoin cryptocurrency. Musk said the sale was made to increase liquidity when Tesla was uncertain about how long the COVID lockdown in China would continue. Tesla said it had converted approximately 75% of its bitcoin purchases into fiat currency, which added $936 million of cash to its balance sheet. Tesla’s total revenue fell to $16.93 billion in the second quarter from $18.76 billion a quarter earlier, ending its streak of posting record revenue in recent quarters.Īnalysts were expecting revenue of $17.10 billion, according to IBES data from Refinitiv. Its automotive gross margin fell to 27.9%, down from a year earlier and the preceding quarter, amid inflationary pressure. This was down from $3.22 in the preceding quarter. The EV maker posted an adjusted profit of $2.27 per share for the quarter versus analysts’ consensus estimates of $1.81. Tesla executives acknowledged some continuing tightness in supplies of older-generation microchips, but said there were no major problems in supplies of chips and batteries barring unforeseen COVID-related shutdowns. Morgan Stanley analysts said in a report after Tesla’s earnings announcement that they see “near-term margin headwinds due to (new) challenges with ramping new production, particularly in Berlin”. Musk previously had said the new factories were “gigantic money furnaces” and that he had “a super bad feeling about the economy.” Musk said new factories in Berlin and Texas aimed to produce 5,000 cars a week by the end of the year, adding that Berlin produced 1,000 cars a week in June. Tesla’s China factory ended the second quarter with a record monthly production level.
The shares are down about 40% from their peak in November. Shares of Tesla were up about 1% in after-hours trade. price of Tesla’s Model Y long-range version, now $65,990, is up more than 30% since the start of 2021. He dismissed the idea that global economic problems were hurting interest in Tesla, despite vehicle prices’ rising to what he called “embarrassing levels.” Tesla does not have a demand problem, but a production problem, Musk told a conference call. Pavan Duggal on is India’s strategy on VPN and cyber laws enough?
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