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Spring Bank Pharmaceuticals Provides Corporate Update and Reports Fourth Quarter and Full-Year 2017 Financial and Operational Results
2017 highlighted by continued progress with global inarigivir clinical program for the treatment of chronic HBV and advancement of next-generation STING agonist candidate, SB 11285, towards the clinic
Multiple potential development catalysts and data read-outs expected in 2018
“In 2017, we significantly advanced the development of both our RIG-I and STING platforms, entered into strategic partnerships and strengthened our balance sheet,” commented
Mr. Driscoll continued, “We have multiple objectives that we are working towards in 2018. Our primary objective is to further advance our inarigivir global clinical development program, particularly our clinical trial collaboration with Gilead involving the co-administration of inarigivir with Gilead’s oral antiviral agents, tenofovir disoproxil fumarate (marketed by Gilead as Viread®) and tenofovir alafenamide (marketed by Gilead as Vemlidy®). We will continue to execute our broad inarigivir clinical development program by (1) completing the Part A monotherapy dose-finding segment of the ACHIEVE trial, (2) conducting additional formulation development work for SB 9225, our potential fixed-dose co-formulation product combining inarigivir with tenofovir disoproxil fumarate, and (3) pursuing additional combinatorial or “triplet” therapies combining inarigivir, an oral antiviral agent and/or a potential third product or product candidate with a differing mechanism of action. Depending on the results of the ACHIEVE study and additional co-administration clinical trials that we are conducting, it is our objective to enter into a global Phase 3 program with inarigivir in 2019. Finally, we plan to initiate a Phase 1b/2 clinical trial with our novel, next-generation STING agonist, SB 11285, in hepatocellular carcinoma late in the second half of 2018.”
Potential 2018 Milestones
2017 and Other Recent Accomplishments
Year-End and Fourth Quarter 2017 Financial Results
A replay of the conference call will be available until
Actual results may differ materially from those indicated by such forward-looking statements as a result of various important factors, including whether Spring Bank’s cash resources will be sufficient to fund its continuing operations for the periods and/or trials anticipated; whether results obtained in preclinical studies and clinical trials will be indicative of results obtained in future clinical trials; whether Spring Bank’s product candidates will advance through the clinical trial process on a timely basis, or at all; whether the results of such trials will warrant submission for approval from the United States Food and Drug Administration or equivalent foreign regulatory agencies; whether Spring Bank's product candidates will receive approval from regulatory agencies on a timely basis or at all; whether, if product candidates obtain approval, they will be successfully distributed and marketed; and other factors discussed in the "Risk Factors" section of Spring Bank's Annual Report on Form 10-K for the year ended December 31, 2017, which was filed with the Securities and Exchange Commission (SEC) on February 20, 2018, and in other filings Spring Bank makes with the SEC from time to time.
In addition, the forward-looking statements included in this press release represent Spring Bank’s views as of the date hereof. Spring Bank anticipates that subsequent events and developments will cause Spring Bank’s views to change. However, while Spring Bank may elect to update these forward-looking statements at some point in the future, Spring Bank specifically disclaims any obligation to do so. These forward-looking statements should not be relied upon as representing Spring Bank’s views as of any date subsequent to the date hereof.
For investor inquires:
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Source: Spring Bank Pharmaceuticals, Inc.