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NetworkNewsBreaks – CytomX Therapeutics Inc. (NASDAQ: CTMX) Featured in Mizuho Securities Research Report

Company: CytomX Therapeutics Inc. (CTMX)
Category: Analyst Alerts

CytomX Therapeutics Inc. (NASDAQ: CTMX) was featured in a recent equity research report published by Mizuho Securities USA LLC. The report reads, “CTMX shares were up 20+% today which we attribute to the release of multiple abstract titles from the upcoming virtual ASCO meeting (5/29-31). Our view remains that CTMX’s valuation could be reset with greater visibility on key programs in 2020, and initial look at abstract titles features multiple first in human datasets for BMY’s (not rated) BMS-986249, which has advanced to Phase II, CX-2009, a wholly owned candidate for breast cancer, also advanced to Phase II, CX-2029, in partnership with ABBV (covered by Mizuho’s Vamil Divan) as well as others.”

To request access to the full report, visit http://nnw.fm/SaZ9d

About CytomX Therapeutics Inc.

CytomX is a clinical-stage, oncology-focused biopharmaceutical company with a vision of transforming lives with safer, more effective therapies. We are developing a novel class of investigational antibody therapeutics, based on our Probody® technology platform, for the treatment of cancer.

Probody therapeutics are designed to remain inactive until they are activated by proteases in the tumor microenvironment. As a result, Probody therapeutics are intended to bind selectively to tumors and decrease binding to healthy tissue, to minimize toxicity and potentially create safer, more effective therapies. As leaders in the field, our innovative technology is designed to turn previously undruggable targets into druggable targets and to enable more effective combination therapies. CytomX and its partners, comprised of leading biotechnology and pharmaceutical companies, have developed a robust pipeline of potential first-in-class therapeutic candidates against novel, difficult to drug targets and potential best-in-class immunotherapeutic candidates against clinically validated targets. The CytomX clinical stage pipeline includes first-in-class product candidates against previously undruggable targets, including a CD166-targeting Probody drug conjugate wholly owned by CytomX (CX-2009) and a CD71-targeting Probody drug conjugate partnered with AbbVie (CX-2029). CD166 and CD71 are among cancer targets that are considered to be inaccessible to conventional antibody drug conjugates due to their presence on many healthy tissues. The CytomX clinical stage pipeline also includes cancer immunotherapeutic candidates against validated targets such as the CTLA-4-targeting Probody therapeutics, BMS-986249 and BMS-986288, partnered with Bristol Myers Squibb. CytomX has strategic drug discovery and development collaborations with AbbVie, Amgen, Astellas and Bristol Myers Squibb. For additional information about CytomX Therapeutics, visit www.cytomx.com

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