Y-mAbs Therapeutics Inc (OQ:YMAB)
Business Focus: Bio Therapeutic Drugs
| Sector: Healthcare | Industry: Biotechnology & Medical Research |
| See Regulatory Filings on SEC | |
| Company Contact | |
| Address: | 230 PARK AVENUE, SUITE 3350 NEW YORK NY 10169 |
| Tel: | N/A |
| Website: | https://www.ymabs.com |
| IR: | See website |
| Key People | ||
| Michael Rossi President, Chief Executive Officer, Director | Thomas Gad Vice Chairman of the Board, Chief Business Officer | Bo Kruse Chief Financial Officer, Executive Vice President, Treasurer, Secretary |
| Joris Wiel Jan Wilms Chief Operating Officer, Senior Vice President | Torben Lund-Hansen Senior Vice President, Chief Technical Officer | Steen Lisby Senior Vice President, Chief Scientific Officer |
| Vignesh Rajah Senior Vice President, Chief Medical Officer | Susan Smith Senior Vice President, Chief Commercial Officer | |
| Business Overview |
| Y-mAbs Therapeutics, Inc. is a commercial-stage biopharmaceutical company focused on the development and commercialization of radioimmunotherapy and antibody-based therapeutic cancer products. Its technologies include its investigational Self-Assembly DisAssembly (SADA) Pretargeted Radioimmunotherapy Platform and bispecific antibodies generated using the Y-BiClone platform. Its advanced product pipeline includes the anti-GD2 therapy DANYELZA (naxitamab-gqgk), a food and drug administration (FDA)-approved treatment for patients with relapsed or refractory neuroblastoma in the bone or bone marrow after a partial response, minor response or stable disease to prior therapy. DANYELZA is a humanized immunoglobulin G, subtype 1k (IgG1k), monoclonal antibody (mAb), that targets ganglioside GD2, which is expressed in various neuroectoderm derived tumors and sarcomas. Omburtamab targets B7-H3, an immune checkpoint molecule that is expressed in tumor cells of several cancer types. |
| Financial Overview |
| For the three months ended 31 March 2024, Y-mAbs Therapeutics Inc revenues decreased 2% to $19.9M. Net loss increased 4% to $6.6M. Revenues reflect License revenue decrease of 4% to $19.4M. Higher net loss reflects Research and development - Balancing val increase from $1.7M to $9.4M (expense), General and administrative - Balancing increase of 41% to $11.3M (expense), Interest and other income decrease of 60% to $439K (income). |
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