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Arcus Biosciences, Inc. (RCUS) SEC Filing 10-K Annual report for the fiscal year ending Monday, December 31, 2018

Arcus Biosciences, Inc.

CIK: 1724521 Ticker: RCUS

Exhibit 99.1

Arcus Biosciences Announces Fourth Quarter and Full Year 2018 Financial Results and Recent Corporate Updates

 

 

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Ended 2018 with four molecules in clinical development, including AB928, the Company’s dual A2aR/A2bR receptor antagonist, which is being evaluated in several dose-escalation trials in combination with chemotherapy or AB122 (anti-PD-1 antibody)

 

 

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Also ongoing are a Phase 1 trial of AB154 (anti-TIGIT antibody) in patients with advanced solid tumors, alone and in combination with AB122, as well as a trial of AB680 (CD73 inhibitor) in healthy volunteers

 

 

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Ended 2018 with $259.7 million in cash and investments

 

Hayward, CA. – (BUSINESS WIRE) – March 5, 2019 -

Arcus Biosciences, Inc. (NYSE:RCUS), a clinical-stage biopharmaceutical company focused on creating innovative cancer immunotherapies, today announced financial results for the fourth quarter and full year 2018. The Company also provided updates on its clinical programs.

 

“Throughout 2018, we made substantial progress on multiple programs, ending the year with four product candidates in the clinic,” said Terry Rosen, Ph.D., Chief Executive Officer at Arcus. “Enrollment continues in our first three dose-escalation trials for AB928, in which we are evaluating AB928 in combination with either immunogenic chemotherapies or our anti-PD-1 antibody, AB122, across a number of tumor types. We plan to present early data on safety, pharmacokinetic/pharmacodynamic profile, biomarker analysis and clinical activity for the AB928 combinations in mid-2019. Following our IPO last year, we have a strong balance sheet, and we are well-positioned to execute on our research and clinical development plans into 2021.”  

 

Pipeline Updates

 

AB928 (dual A2aR/A2bR antagonist)

 

The Company continues to enroll patients in the first three AB928 combination trials:

 

AB928 in combination with Doxil® in triple negative breast cancer (TNBC) and ovarian cancer

 

AB928 in combination with mFOLFOX in colorectal cancer and gastroesophageal cancer

 

AB928 in combination with AB122 in advanced solid tumors.

 

The Company expects to initiate its fourth AB928 combination trial in patients in the coming months:

 

AB928 in combination with carboplatin/pemetrexed with or without pembrolizumab in non-small cell lung cancer (NSCLC) after failing tyrosine kinase inhibitor (TKI) therapy.

 

AB122 (anti-PD-1 antibody)

 

The Company is enrolling the final cohort of the Phase 1 dose-escalation trial for AB122. Based on data generated to date, the Company selected 240 mg as the dose for the Q2W (every 2 weeks)


The following information was filed by Arcus Biosciences, Inc. (RCUS) on Tuesday, March 5, 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-K Annual Report statement of earnings and operation as management may choose to highlight particular information in the press release.

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Financial Statements, Disclosures and Schedules

Inside this 10-K Annual Report

Document And Entity Information
Consolidated Balance Sheets
Consolidated Balance Sheets (Parenthetical)
Consolidated Statements Of Cash Flows
Consolidated Statements Of Convertible Preferred Stock And Stockholders' Deficit
Consolidated Statements Of Operations And Comprehensive Loss
Commitments
Commitments (Tables)
Commitments - Additional Information (Details)
Commitments -Summary Of Future Minimum Lease Payments Under Non-Cancelable Operating Leases (Details)
Consolidated Balance Sheet Components
Consolidated Balance Sheet Components (Tables)
Consolidated Balance Sheet Components - Additional Information (Details)
Consolidated Balance Sheet Components - Summary Of Accrued Liabilities (Details)
Consolidated Balance Sheet Components - Summary Of Property And Equipment, Net (Details)
Convertible Preferred Stock
Convertible Preferred Stock (Tables)
Convertible Preferred Stock - Additional Information (Details)
Convertible Preferred Stock - Schedule Of Outstanding Convertible Preferred Stock (Details)
Employee Benefit Plan
Employee Benefit Plan - Additional Information (Details)
Equity Investment
Equity Investment - Additional Information (Details)
Fair Value Measurements
Fair Value Measurements (Tables)
Fair Value Measurements - Additional Information (Details)
Fair Value Measurements - Schedule Of Available For Sale Securities At Fair Value Measurements (Details)
Fair Value Measurements - Schedule Of Fair Value, Assets Measured On Recurring Basis (Details)
Fair Value Measurements - Schedule Of Investments Classified As Available For Sale Securities With Contractual Maturities (Details)
License And Collaboration Agreements
License And Collaboration Agreements - Additional Information (Details)
Net Loss Per Share
Net Loss Per Share (Tables)
Net Loss Per Share - Computation Of Basic And Diluted Net Loss Per Share (Details)
Net Loss Per Share - Summary Of Outstanding Potentially Dilutive Securities Excluded From Computation Of Diluted Net Loss Per Share (Details)
Organization
Organization - Additional Information (Details)
Provision For Income Taxes
Provision For Income Taxes (Tables)
Provision For Income Taxes - Additional Information (Details)
Provision For Income Taxes - Reconciliation Of Beginning And Ending Amount Of Unrecognized Tax Benefits (Details)
Provision For Income Taxes - Schedule Of Components Of Deferred Tax Assets (Details)
Provision For Income Taxes - Schedule Of Provision For Income Taxes Differs From Amount Expected By Applying Federal Statutory Rate To Loss Before Taxes (Details)
Selected Unaudited Quarterly Financial Data
Selected Unaudited Quarterly Financial Data (Tables)
Selected Unaudited Quarterly Financial Data - Summary Of Unaudited Quarterly Financial Data (Details)
Stock-Based Compensation
Stock-Based Compensation (Tables)
Stock-Based Compensation - Additional Information (Details)
Stock-Based Compensation - Assumptions Used To Calculate Fair Value Of Stock-Based Compensation (Details)
Stock-Based Compensation - Summary Of Non-Vested Restricted Stock (Details)
Stock-Based Compensation - Summary Of Options Granted (Details)
Stock-Based Compensation - Summary Of Stock-Based Compensation Expense (Details)
Stockholders' Equity (Deficit) - Additional Information (Details)
Stockholders' Equity (Deficit) - Schedule Of Reserved Common Stock On An If-Converted Basis For Issuance (Details)
Stockholders??? Deficit
Stockholders??? Deficit (Tables)
Summary Of Significant Accounting Policies
Summary Of Significant Accounting Policies (Policies)
Summary Of Significant Accounting Policies - Additional Information (Detail)
Ticker: RCUS
CIK: 1724521
Form Type: 10-K Annual Report
Accession Number: 0001564590-19-006274
Submitted to the SEC: Tue Mar 05 2019 4:16:30 PM EST
Accepted by the SEC: Tue Mar 05 2019
Period: Monday, December 31, 2018
Industry: Pharmaceutical Preparations

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