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Aptevo Therapeutics Inc. (APVO) SEC Filing 10-Q Quarterly report for the period ending Sunday, March 31, 2019

Aptevo Therapeutics Inc.

CIK: 1671584 Ticker: APVO

Exhibit 99.1

 

For Immediate Release

 

APTEVO THERAPEUTICS REPORTS 2018 FINANCIAL RESULTS

AND PROVIDES BUSINESS UPDATE

 

Achieves Record Annual IXINITY® Net Revenue of $23.1 Million

Representing 111% Increase Over 2017

 

Advances APVO436 Into Phase 1/1b Clinical Trial for Treatment of

Acute Myeloid Leukemia and High-Grade Myelodysplastic Syndrome

 

Receives Authorization to Commence Dosing in Phase 1 Clinical Trial of APVO210;

Dosing Scheduled to Begin March 2019

 

Progresses Novel 4-1BB/5T4 Bispecific Antibody ALG.APV-527

Towards CTA Filing in Q4 2019

 

 

SEATTLE, WA – March 18, 2019

-- Aptevo Therapeutics Inc. (Nasdaq: APVO), a biotechnology company focused on developing novel oncology, autoimmune and hematology therapeutics, today reported its financial results for the year ended December 31, 2018 and provided an update on its development programs.

 

“Aptevo continued to make important progress in 2018 in both our pipeline and commercial programs setting up 2019 as a pivotal year for the Company,” said Marvin L. White, President and Chief Executive Officer.  “First, we continue to be pleased with the growth trajectory for IXINITY and our success onboarding new patients.  Net revenue for IXINITY in 2018 more than doubled to $23.1 million from $10.9 million in 2017.  New patient on-boarding has continued at a gratifying level thus far in 2019, and therefore we are optimistic about further momentum in our IXINITY business generally, and from the launch of new growth initiatives this year. These include: seeking a pediatric label expansion for IXINITY (as more than a third of patients with Hemophilia B in the U.S. are under the age of 12); introducing a more convenient 3,000 IU assay for patients; and finally, pursuing ex-US licensing and partnership opportunities for IXINITY.  We believe these initiatives will allow us to continue to grow our footprint for IXINITY in the U.S. and internationally.

 

We also reached a key milestone in 2018 – advancing our lead, next-generation ADAPTIR™ bispecific antibody candidate, APVO436, into clinical development.  We are particularly excited about this achievement as pre-clinical data for APVO436 has shown promising attributes, specifically by inducing lower levels of several key T cell cytokines compared to a competitor candidate, which have been associated with serious adverse events in clinical studies with other T-

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The following information was filed by Aptevo Therapeutics Inc. (APVO) on Monday, March 18, 2019 as an 8K 2.02 statement, which is an earnings press release pertaining to results of operations and financial condition. It may be helpful to assess the quality of management by comparing the information in the press release to the information in the accompanying 10-Q Quarterly Report statement of earnings and operation as management may choose to highlight particular information in the press release.

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Inside Aptevo Therapeutics Inc.'s 10-Q Quarterly Report:

Financial Statements, Disclosures and Schedules

Inside this 10-Q Quarterly Report

Document And Entity Information
Condensed Consolidated Balance Sheets (Unaudited)
Condensed Consolidated Balance Sheets (Unaudited) (Parenthetical)
Condensed Consolidated Statements Of Cash Flows (Unaudited)
Condensed Consolidated Statements Of Changes In Stockholders' Equity (Unaudited)
Condensed Consolidated Statements Of Comprehensive Loss (Unaudited)
Condensed Consolidated Statements Of Operations (Unaudited)
Cash, Cash Equivalents And Restricted Cash - Additional Information (Details)
Cash, Cash Equivalents And Restricted Cash - Schedule Of Cash, Cash Equivalents And Long-Term Restricted Cash (Details)
Cash, Cash Equivalents, And Restricted Cash
Cash, Cash Equivalents, And Restricted Cash (Tables)
Collaboration Agreements
Collaboration Agreements - Additional Information (Details)
Debt
Debt - Additional Information (Details)
Equity
Equity (Tables)
Equity - Additional Information (Details)
Equity - Assumptions Used In Valuing The Stock Options Granted Under Black-Scholes Valuation Model (Details)
Equity - Summary Of Restricted Stock Activity (Details)
Equity - Summary Of Stock Option Activity (Details)
Equity - Summary Of Stock-Based Compensation Expense Includes Amortization Of Stock Options And Restricted Stock Units Granted (Details)
Fair Value Measurements
Fair Value Measurements - Additional Information (Details)
Inventories
Inventories (Tables)
Inventories - Schedule Of Inventories (Details)
Leases
Leases (Tables)
Leases - Additional Information (Details)
Leases - Components Of Lease Expense (Details)
Leases - Summary Of Future Minimum Lease Payments (Details)
Leases - Summary Of Supplemental Cash Flows Information Related To Leases (Details)
Nature Of Business And Significant Accounting Policies
Nature Of Business And Significant Accounting Policies (Policies)
Nature Of Business And Significant Accounting Policies - Additional Information (Details)
Net Loss Per Share
Net Loss Per Share (Tables)
Net Loss Per Share - Summary Of Potentially Dilutive Shares Excluded From Calculation Of Net Loss Per Share (Details)
Revenue Reserves
Revenue Reserves (Tables)
Revenue Reserves - Summary Of Product Revenue Allowance And Reserve Categories (Details)

Material Contracts, Statements, Certifications & more

Aptevo Therapeutics Inc. provided additional information to their SEC Filing as exhibits

Ticker: APVO
CIK: 1671584
Form Type: 10-Q Quarterly Report
Accession Number: 0001564590-19-017616
Submitted to the SEC: Thu May 09 2019 5:01:24 AM EST
Accepted by the SEC: Thu May 09 2019
Period: Sunday, March 31, 2019
Industry: Pharmaceutical Preparations

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