secwatch.observer — SEC 8-K summary
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Issuer:     AGENUS INC (AGEN)
CIK:        0001098972
Form:       8-K
Filed at:   2024-03-14T23:59:59+00:00
Accession:  0000950170-24-031148
Event type: earnings
Sentiment:  negative
Materiality: 0.80
Item codes: 2.02, 9.01
LLM model:  deepseek-v4-flash:cloud@v2

Agenus reports FY2023 net loss of $257M, revenue $156M; BOT/BAL data in CRC shows 24% ORR
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- FY2023 revenue $156M, net loss $257M ($0.69 EPS); Q4 revenue $84M, net loss $49M ($0.13 EPS).
- Ended 2023 with $76.1M cash; received $25M milestone from BMS in Jan 2024.
- BOT/BAL in refractory MSS mCRC NLM: 24% ORR (vs 1-6% SOC), 12-month OS rate 74%.
- Phase 2 topline data expected 2H2024; Fast Track designation granted.
- Advancing monetization of non-strategic assets; potential $100-200M cash proceeds; partnership discussions ongoing.

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/1098972/000095017024031148/0000950170-24-031148-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/1098972/000095017024031148/agen-20240314.htm
  HTML page:      https://secwatch.observer/filing/0000950170-24-031148

License: Source filings: public domain (SEC EDGAR). Summaries (headline + bullets): CC-BY-4.0; attribute https://secwatch.observer