HOOKIPA Pharma Provides Update on Business Priorities and Oncology Partnership Programs - Seite 2
HOOKIPA will reduce its workforce by approximately 30 percent and rebalance its cost structure in alignment with the new prioritization of the Company’s programs. HOOKIPA maintains a strong cash position of $117.5 million1 as of December 31, 2023, and believes that the planned reductions will help to conserve resources and better align its organization in direct support of late-stage clinical development efforts.
Pipeline Update and Upcoming Catalysts-
The strategic priorities for HOOKIPA are to advance its clinical programs including HB-200 and its two Gilead-partnered infectious disease programs. The Company is planning to submit an IND for HB-700 in the first quarter of 2024 and will begin searching for a collaboration partner. At this time, the company will not pursue further preclinical programs into development and pause further development of its HB-300 to conserve capital and ensure pipeline success and operational efficiency.
Program | Indication | Upcoming Catalysts |
Oncology Programs | ||
HB-200 | HPV16+ HNSCC |
|
HB-700 | KRAS |
|
Infectious Disease Programs: Gilead-Partnered | ||
HB-400 | HBV |
|
HB-500 | HIV |
|
Paused Programs | ||
HB-300 | Prostate Cancer |
|
Preclinical | Multiple targets | |
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1 Cash position as of December 31, 2023, is unaudited