CCompass Therapeutics develops antibody-based therapeutics for cancer and autoimmune diseases. It uses proprietary platforms to identify and advance therapeutic leads quickly and with diverse modes of action. Its drugs work by targeting the immune system, aiming to bridge innate and adaptive immunity through precisely directed antibodies that influence the immune synapse. The company differentiates itself with its platform-driven discovery, speed, and breadth of antibody candidates, along with collaboration-based business models such as partnerships and licensing. The goal is to move candidates through research, clinical trials, and eventual commercialization to provide effective treatments for patients and healthcare providers.
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Industries
Company Size
51-200
Company Stage
IPO
Headquarters
Boston, MA
Founded
2014
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Total Funding
$501.5M
Above
Industry Average
Funded Over
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Compass Therapeutics presents novel mechanism of action data for CTX-10726 (PD-1 x VEGF-A bispecific antibody) at the SITC 2026 Annual Meeting. * CTX-10726, a PD-1 x VEGF-A bispecific antibody discovered and engineered at Compass, exhibits a unique mechanism of action that has not been previously reported in this class of drugs, characterized by VEGF-A-dependent cleavage of PD-1 receptors from T cells resulting in conversion of PD-1 positive T cells into PD-1 negative T cells. * PD-1 receptor cleavage by CTX-10726 was only observed in the presence of VEGF-A, suggesting targeted activity in the tumor microenvironment. * A Phase 1 dose-escalation study of CTX-10726 in patients in the post-checkpoint setting with advanced solid tumors, including renal cell, gastroesophageal, endometrial, and hepatocellular cancers, is ongoing. * In checkpoint inhibitor resistant preclinical mouse models, the combination of CTX-10726 and Compass's CD137 agonist, CTX-471, inhibited tumor growth more than either agent alone. BOSTON, Nov. 06, 2026 (GLOBE NEWSWIRE) - Compass Therapeutics, Inc. (Nasdaq: CMPX), a clinical-stage, oncology-focused biopharmaceutical company developing proprietary antibody-based therapeutics to treat multiple human diseases, will present data on the novel mechanism of action for CTX-10726 at the 41st Society for Immunotherapy of Cancer (SITC) Annual Meeting. CTX-10726 is currently in a Phase 1 dose-escalation study in patients in the post-checkpoint setting with multiple types of advanced solid tumors. Data highlights from the presentation include: * Novel PD-1 Cleavage Mechanism. In addition to the expected dual blockade of VEGF-A and PD-1, preclinical studies also revealed a novel mechanism of action for CTX-10726. Specifically, the multimerization of CTX-10726 facilitates the cleavage and removal of PD-1 from the surface of T cells, converting PD-1 positive T cells into PD-1 negative T cells and extending the mechanism beyond simply checkpoint blockade and angiogenesis inhibition. * VEGF-A Enhanced Potency. Adding VEGF-A increased the potency of CTX-10726 approximately ten-fold in a human immune-cell assay measuring interferon-gamma production, reducing the EC[50] from 2.0 to 0.2 nM. In vitro studies showed PD-1 receptor cleavage by CTX-10726 in the presence of VEGF-A compared to PD-1 receptor internalization in the absence of VEGF-A. Neither pembrolizumab nor bevacizumab alone demonstrate comparable PD-1 cleavage. Two in vivo models further demonstrated the VEGF-A-dependent nature of PD-1 receptor cleavage by CTX-10726. * Combined Activity with CTX-471. A mouse surrogate of CTX-10726 combined with CTX-471 (CD137 agonist antibody) further enhanced anti-tumor activity in mouse models, accompanied by coordinated upregulation of chemokines, interferon-stimulated genes, and inflammatory cytokines. These changes were associated with increased immune cell recruitment and establishment of a more permissive tumor microenvironment. "These data reveal a new and differentiated mechanism of action for CTX-10726, setting it apart in this exciting new class of therapeutics," said Thomas Schuetz, MD, PhD, Chief Executive Officer. "We believe PD-1 receptor cleavage results in more potent and potentially more durable checkpoint inhibition, which supports and explains what we saw in our earlier studies. The dependence of this mechanism on VEGF links a traditionally anti-angiogenic agent directly to checkpoint control and may enhance the activity of CTX-10726 within VEGF-A-rich tumor microenvironments. We are also encouraged by the combination results with CTX-471 in checkpoint-resistant models, supporting further investigation of these complementary approaches." The Phase 1 multiple ascending dose-escalation study of CTX-10726 includes four dosing cohorts (0.3, 1.0, 3.0, and 10.0 mg/kg) in a 3+3 format. The multi-center study is enrolling post-checkpoint patients with a prioritized set of locally advanced, unresectable or metastatic malignancies, including renal cell carcinoma, gastroesophageal cancer, hepatocellular carcinoma, and endometrial cancer, in whom standard of care therapies have failed. Details of the presentation are as follows: Title: VEGF-dependent cleavage of cell surface PD-1 mediated by CTX-10726, a novel PD-1xVEGF-A bispecific antibody Date & Time: Saturday, November 7, 2026 from 10:00 AM-2:00 MT PM and 6:00-8:10 MT PM Poster number: 678 Location: Phoenix Convention Center - North Building - Lower Level - Exhibition Halls 4-5 A copy of the presentation materials can be accessed on the Compass website at https://www.compasstherapeutics.com/pipeline/ once the presentation has concluded. About CTX-10726 CTX-10726 is a tetravalent PD-1 x VEGF-A bispecific antibody discovered and engineered at Compass. CTX-10726 is designed to synergistically deliver VEGF-A blockade and checkpoint inhibition, potentially applicable to multiple solid tumor indications. The bispecific antibody demonstrates a highly stable structure with high affinity target binding. CTX-10726 exhibits more potent PD-1 suppression and a novel mechanism of action compared with data reported for other drugs in the class. About Compass Therapeutics Compass is a clinical-stage, oncology-focused biopharmaceutical company discovering and developing proprietary antibody-based therapeutics to treat multiple diseases. The company's scientific focus is on the relationship between angiogenesis, the immune system and tumor growth. Compass has a robust pipeline of novel product candidates designed to target multiple key biological pathways to drive an effective anti-tumor response, including angiogenesis modulation, immune activation within the tumor microenvironment, and reduction of tumor-driven immunosuppression. Compass is advancing their discovery candidates through clinical development to commercial-stage assets. Compass Therapeutics, Inc. was founded in 2014 and is headquartered in Boston, MA. For more information, visit www.compasstherapeutics.com. Forward-Looking Statements This press release contains forward-looking statements. Statements in this press release that are not purely historical are forward-looking statements. Such forward-looking statements include, among other things, references to Compass's financial position to continue advancing its product candidates, expectations about cash runway, business and development plans, and statements regarding Compass's product candidates, including their development and clinical trial milestones such as the expected trial design, timing of enrollment, patient dosing and data readouts, regulatory plans with respect to Compass's product candidates and the therapeutic potential thereof. Actual results could differ from those projected in any forward-looking statements due to numerous factors. Such factors include, among others, Compass's ability to raise the additional funding it will need to continue to pursue its business and product development plans, the inherent uncertainties associated with developing product candidates and operating as a development stage company, Compass's ability to identify additional product candidates for development, Compass's ability to develop, complete clinical trials for, obtain approvals for and commercialize any of its product candidates, competition in the industry in which Compass operates and market conditions. These forward-looking statements are made as of the date of this press release, and Compass assumes no obligation to update the forward-looking statements, or to update the reasons why actual results could differ from those projected in the forward-looking statements, except as required by law. Investors should consult all of the information set forth herein and should also refer to the risk factor disclosure set forth in the reports and other documents Compass files with the U.S. Securities and Exchange Commission (SEC) available at www.sec.gov, including without limitation Compass's latest Annual Report on Form 10-K, Quarterly Report on Form 10-Q and subsequent filings with the SEC. Investor Contact [email protected] Media Contact Anna Gifford, Chief of Staff [email protected] 617-500-8099
Compass Therapeutics announces tovecimig data accepted for an oral presentation at the ESMO Congress 2026. BOSTON, July 17, 2026 (GLOBE NEWSWIRE) - Compass Therapeutics, Inc. (Nasdaq: CMPX), a clinical-stage, oncology-focused biopharmaceutical company developing proprietary antibody-based therapeutics to treat multiple human diseases, today announced that its abstract titled "A randomized trial of paclitaxel +/- tovecimig in previously treated patients with advanced biliary tract cancer" has been accepted for an oral Proffered Paper presentation at the upcoming European Society for Medical Oncology (ESMO) Congress. The congress will take place October 23-27, 2026 in Madrid, Spain. The presentation will highlight the results of the randomized, controlled Phase 2/3 COMPANION-002 clinical trial assessing tovecimig (a DLL4 x VEGF-A bispecific antibody) in combination with paclitaxel in patients with advanced biliary tract cancer (BTC) and will be presented by Dr. Nilofer Azad, MD, FASCO, Professor of Oncology, Associate Director of Clinical Research, Sidney Kimmel Cancer Center at Johns Hopkins University. Presentation: Saturday, October 24, 2026 Session time: 10:15am - 11:45am CET Additional details regarding the presentation will be made available in accordance with ESMO Congress policies. About Compass Therapeutics Compass Therapeutics, Inc. was founded in 2014 and is headquartered in Boston, MA. Compass is a clinical-stage, oncology-focused biopharmaceutical company discovering and developing proprietary antibody-based therapeutics to treat multiple diseases. The company's scientific focus is on the relationship between angiogenesis, the immune system, and tumor growth. Compass has a robust pipeline of novel product candidates designed to target multiple key biological pathways to drive an effective anti-tumor response, including angiogenesis modulation, immune activation within the tumor microenvironment, and reduction of tumor-driven immunosuppression. The company is advancing discovery candidates through clinical development to commercial-stage assets. For more information, visit www.compasstherapeutics.com. Forward-Looking Statements This press release contains forward-looking statements. Statements in this press release that are not purely historical are forward-looking statements. Such forward-looking statements include, among other things, references to Compass's financial position to continue advancing its product candidates, expectations about cash runway, business and development plans, and statements regarding Compass's product candidates, including their development and clinical trial milestones such as the expected trial design, timing of enrollment, patient dosing and data readouts, regulatory plans with respect to Compass's product candidates and the therapeutic potential thereof. Actual results could differ from those projected in any forward-looking statements due to numerous factors. Such factors include, among others, Compass's ability to raise the additional funding it will need to continue to pursue its business and product development plans, the inherent uncertainties associated with developing product candidates and operating as a development stage company, Compass's ability to identify additional product candidates for development, Compass's ability to develop, complete clinical trials for, obtain approvals for and commercialize any of its product candidates, competition in the industry in which Compass operates and market conditions. These forward-looking statements are made as of the date of this press release, and Compass assumes no obligation to update the forward-looking statements, or to update the reasons why actual results could differ from those projected in the forward-looking statements, except as required by law. Investors should consult all of the information set forth herein and should also refer to the risk factor disclosure set forth in the reports and other documents Compass files with the U.S. Securities and Exchange Commission (SEC) available at www.sec.gov, including without limitation Compass's latest Annual Report on Form 10-K, Quarterly Report on Form 10-Q and subsequent filings with the SEC. Legal Disclaimer: EIN Presswire provides this news content "as is" without warranty of any kind. We do not accept any responsibility or liability for the accuracy, content, images, videos, licenses, completeness, legality, or reliability of the information contained in this article. If you have any complaints or copyright issues related to this article, kindly contact the author above.
Compass Therapeutics reported a Q1 2026 net loss of $18.3 million, or $0.10 per share. Research and development expenses reached $13.4 million, whilst general and administrative expenses rose 41% to $6.9 million, driven by stock compensation and $1 million in pre-commercialisation costs. The company ended the quarter with $195 million in cash and marketable securities, providing a capital runway into 2028. The clinical-stage biopharmaceutical company is preparing for a BLA submission and FDA meeting for tovecimig, which recently received Orphan Drug Designation for biliary tract cancer. In a Phase 2/3 study, the tovecimig combination achieved a 17.1% overall response rate versus 5.3% for paclitaxel alone, improving median progression-free survival to 4.7 months.
Compass Therapeutics, a clinical-stage oncology-focused biopharmaceutical company with a US$906 million market capitalisation, is approaching potential profitability, according to analyst forecasts. The company reported a US$66 million loss for the year ending 31 December 2025. Fourteen American biotech analysts expect Compass Therapeutics to post its final loss in 2027 before turning a profit of US$12 million in 2028, suggesting a breakeven point approximately two years away. To achieve this, the company would need to grow at an aggressive 63% year-on-year average rate. Notably, Compass Therapeutics operates with no debt on its balance sheet, relying entirely on equity investment. This unusual position for a loss-making biotech reduces investment risk, as the company carries no debt burden.
Compass Therapeutics (CMPX) is attracting bullish sentiment as a clinical-stage oncology company with significant upside potential. Trading at $5.70 with a $1.2 billion market capitalisation, the company holds $209 million in cash against annual burn of $30–50 million, providing runway through key data readouts. The company benefits from strong institutional backing, with 65% ownership from specialist healthcare investors including Tang Capital and OrbiMed, plus 10% insider ownership. Its lead asset, CTX-009, targets biliary tract cancer with $1.5 billion peak sales potential and colorectal cancer with over $2 billion opportunity. Additional pipeline programmes bring total potential above $4.5 billion. Key catalysts include Phase 3 data in March 2026, ASCO presentation mid-2026, and potential regulatory filing in late 2026.
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Industries
Company Size
51-200
Company Stage
IPO
Headquarters
Boston, MA
Founded
2014
Find jobs on Simplify and start your career today
Don't see your dream role? Check out thousands of other roles on Simplify.Browse all jobs