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Agenus Q2 revenue $34.5M; $85M placement funds Phase 3 ROBBIN trial in MSS colon cancer
Q2 total revenue $34.5M (up from $25.7M YoY); pre-commercial product revenue $6.4M.
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Agenus raises $85M upfront (up to $340M) to fund registrational Phase 3 ROBBIN trial of BOT+BAL in MSS colon cancer
Private placement of $85M upfront gross proceeds, plus up to $255M from warrant exercise; total up to $340M.
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Agenus Q1 net income $39.2M, revenue $33.7M; SEC closes investigation with no action
Net income of $39.2M vs loss of $26.4M in Q1 2025; total revenue $33.7M (+40% YoY).
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Agenus wins dismissal of securities class action; court denies leave to amend
U.S. District Court for Massachusetts granted motion to dismiss entire securities class action against Agenus and four individual defendants.
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Agenus reports $4.2M initial BOT+BAL revenue; net loss narrows to $3.1M in FY2025
Pre-commercial product revenue of $4.2M from early access programs in France and paid NPP across 30+ countries.
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Agenus closes $141M strategic collaboration with Zydus; sells manufacturing, issues equity, licenses BOT/BAL
Zydus pays $75M cash for Agenus' biologics manufacturing facilities in Emeryville and Berkeley, CA.
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Agenus appoints CEO Garo Armen as interim CFO; names Austin Charette Principal Accounting Officer
Dr. Garo Armen, age 72, Chairman and CEO, appointed interim CFO and Principal Financial Officer effective Jan 8, 2026.
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Agenus lowers warrant exercise price to $7.50; Ligand releases liens on assets
Modified warrant exercise price from $17.30 to $7.50 per share as part of Amendment Agreement with Ligand.
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Agenus reports Q3 net income on MiNK gain; France reimburses BOT/BAL access
France authorizes reimbursed compassionate access for BOT/BAL in refractory MSS mCRC; patients under treatment.
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Agenus Q2 net loss improves; Zydus deal adds $91M; BOT/BAL Phase 3 starts Q4 2025
Q2 revenue $25.7M; YTD net loss $56.4M vs $118.3M YoY; cash burn reduced to $45.8M from $76.4M.
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Agenus sells manufacturing assets to Zydus for $75M upfront; license BOT/BAL in India
Asset sale of Emeryville/ Berkeley CA facilities for $75M at closing; up to $50M additional contingent payments.
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Agenus Q1 net loss $26.4M ($1.03/sh); cash burn reduced; BOT/BAL 100% pCR in dMMR CRC
Q1 2025 cash $18.5M (down from $40.4M Dec 2024); operating cash burn $25.6M vs $38.2M YoY.
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Agenus Q4 net loss $46.8M; targets annual cash burn of ~$50M by mid-2025
Q4 2024 net loss $46.8M ($2.04/share); full-year net loss $232.3M ($10.59/share).
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Agenus amends $10.5M notes, issues warrants at $3.25; maturity extended to July 2026
Extended maturity of $10.5M 2015 Notes from Feb 2025 to July 2026; interest rate raised from 8% to 9%.
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Agenus receives termination notice from Incyte for LAG-3/TIM-3 license; rights revert to Agenus
Incyte terminates License Agreement effective Feb 4, 2026; all rights to LAG-3 and TIM-3 revert to Agenus.
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Agenus strategic realignment: 60% annual cost cut, $100M cash burn target, workforce reduction
Agenus will reduce annual expenditures by 60% and target a cash burn of $100 million for fiscal year 2025.
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Agenus secures $22M mortgage and announces realignment: 60% cost cut, FY25 cash burn ~$100M
$22M non-amortizing mortgage backed by Berkeley CMC facility and Vacaville land; net proceeds $20M after costs and reserve.
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Agenus Q3 2024 net loss $67.2M, cash $44.8M; BOT/BAL shows MSS CRC promise
Cash $44.8M at Sept 30, 2024 (vs $76.1M Dec 2023); raised $7.1M via ATM post-quarter.
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Agenus Q2 net loss $54.8M, advances BOT/BAL in CRC; appoints director; files ATM for up to 13.8M shares
Q2 net loss $54.8M, revenue $23.5M (incl $22.6M non-cash royalty); cash $93.7M at June 30 vs $76.1M Dec 31.
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BMS terminates AGEN1777 license; Agenus regains rights to TIGIT bispecific antibody
BMS voluntarily terminates AGEN1777 license agreement effective Jan 26, 2025, as part of strategic pipeline realignment.
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Agenus appoints Jennifer Buell to Board of Directors, stresses BOT/BAL BLA filing
Dr. Jennifer Buell appointed to Agenus Board effective June 11, 2024.
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Agenus closes $75M sale of royalty and milestone rights to Ligand
Received $75M on May 30, 2024, for sale of milestone and royalty rights to Ligand Pharmaceuticals.
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Agenus signs $100M royalty financing with Ligand; $75M upfront for BOT/BAL and partner programs
Ligand pays $75M at closing for 18.75% of royalties and 31.875% of milestones on six partnered oncology programs, plus 2.625% royalty on BOT/BAL net sales.
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Agenus reports Q1 net loss $63.5M; announces $100M royalty financing with Ligand
Net loss narrowed to $63.5M ($3.04/shr) from $70.9M ($4.31/shr) a year ago; revenue $28M.
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Agenus reports FY2023 net loss of $257M, revenue $156M; BOT/BAL data in CRC shows 24% ORR
FY2023 revenue $156M, net loss $257M ($0.69 EPS); Q4 revenue $84M, net loss $49M ($0.13 EPS).
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Agenus proposes 1-for-20 reverse stock split to regain Nasdaq $1 compliance
Reverse stock split at 1:20 ratio proposed to lift share price above $1 Nasdaq minimum.
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Agenus receives $25M milestone payment from Bristol Myers Squibb for BMS-986442 trial progress
$25M payment received Jan 30, 2024, under global licensing agreement with BMS.
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Agenus receives Nasdaq deficiency notice for bid price below $1.00; has 180 days to cure
On Dec 4, 2023, Nasdaq notified Agenus that its common stock's closing bid price was below $1.00 for 31 consecutive business days.
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Agenus Q3 net loss $64.5M; cash falls to $106.3M; BLA for botensilimab planned mid-2024
Net loss of $64.5M for Q3 2023, compared to $56.7M in Q3 2022; nine-month loss $208.9M.
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Agenus cuts workforce 25%, pauses non-core programs to focus on BOT/BAL
Workforce reduction of ~25% expected to save $2.8M by year-end; severance cost ~$1.4M.
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Agenus Q2 2023 net loss $73.4M; bot/bal combo mOS 20.9 months in CRC, FDA Fast Track
Q2 revenue $25.3M, net loss $73.4M ($0.20 EPS); cash $157.6M at June 30, down from $193.4M at Dec 2022.
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Agenus Q1 net loss $70.9M; botensilimab combo shows 63% 12-month OS in colorectal cancer
Revenue $22.9M, net loss $70.9M ($0.22 EPS) vs loss $50.6M ($0.19 EPS) year ago.
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Agenus declares dividend of 5M shares of MiNK Therapeutics to shareholders
Record date April 17, 2023; payment no earlier than April 27 and no later than May 17, 2023.
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Agenus Q4 net loss $74M; botensilimab shows 23% ORR in MSS CRC, 50% in NSCLC
Q4 2022 revenue $28.4M, net loss $74.1M ($0.24/sh); FY22 revenue $98M, net loss $230.7M ($0.78/sh).
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Agenus reports Q3 net loss $56.7M, cash $218.2M; botensilimab Phase 2 trials initiated
Q3 2022 net loss $56.7M ($0.19/sh) vs prior-year net income; revenue $22.8M, down from $253M largely due to prior milestone.