BioAtla, Inc. (BCAB) Bundle
A Brief History of BioAtla, Inc. (BCAB)
Company Formation and Initial Public Offering
Company Formation and Initial Public Offering
BioAtla, Inc. was founded in 2007, emerging from the innovative space of biotechnology focused on developing antibodies for the treatment of cancer. The company went public on November 18, 2020, through an initial public offering (IPO) that offered 5.0 million shares at a price of $18 per share. This IPO raised approximately $90 million.
Business Model and Technology
BioAtla specializes in developing Antibody-Drug Conjugates (ADCs), leveraging its proprietary technology platform called BA-01. The platform targets tumor-associated antigens, thus allowing for more precise cancer treatment. This innovation has positioned BioAtla to address unmet medical needs with its product pipeline.
Financial Performance
As of the end of 2022, BioAtla reported revenue of $3.3 million, compared to $1.5 million in 2021. The net loss for 2022 was approximately $48.9 million, slightly higher than the $44.0 million loss recorded in 2021.
| Year | Revenue (in millions) | Net Loss (in millions) | Cash and Cash Equivalents (in millions) |
|---|---|---|---|
| 2020 | 0.1 | 34.9 | 102.4 |
| 2021 | 1.5 | 44.0 | 72.3 |
| 2022 | 3.3 | 48.9 | 36.8 |
Clinical Trials and Product Pipeline
BioAtla has been advancing its clinical pipeline, focusing on several promising candidates:
- BA3011: Targeting solid tumors, currently in Phase 2 trials.
- BA3021: Aimed at treating breast cancer, scheduled for Phase 1 trials.
- BA3031: Focused on gastrointestinal tumors, expected to enter clinical trials in 2023.
Strategic Partnerships and Collaborations
In 2021, BioAtla entered into a strategic partnership with Pfizer, which will enhance its capabilities in clinical development and commercialization. This collaboration reflects an investment of approximately $50 million in upfront and milestone payments, subject to conditions.
Market Position and Competitive Landscape
As of October 2023, BioAtla's market capitalization is around $80 million. The competitive landscape includes significant players such as Genentech and Amgen, indicating the high stakes in the ADC market, projected to reach $20 billion by 2025.
Recent Developments
In September 2023, BioAtla reported progress in its clinical trials, revealing promising preliminary data for BA3011 that shows a 30% overall response rate in patients with advanced solid tumors.
A Who Owns BioAtla, Inc. (BCAB)
Ownership Structure
The ownership of BioAtla, Inc. is comprised of various institutional and retail investors. As of the latest filings, here are the key ownership statistics:
| Type of Owner | Percentage Owned | Estimated Shares Owned |
|---|---|---|
| Institutional Investors | 79.3% | 6,277,000 |
| Retail Investors | 20.7% | 1,640,000 |
| Company Insiders | 6.5% | 520,000 |
Major Institutional Shareholders
Prominent institutional shareholders include:
| Institution | Shares Owned | Percentage Ownership |
|---|---|---|
| Vanguard Group Inc. | 1,200,000 | 15.0% |
| BlackRock Inc. | 1,150,000 | 14.4% |
| Wellington Management Company, LLP | 800,000 | 10.0% |
| State Street Global Advisors | 750,000 | 9.3% |
Recent Stock Performance
As of October 2023, the stock price of BioAtla, Inc. (BCAB) is:
- Current Price: $12.50
- 52-Week High: $22.50
- 52-Week Low: $8.00
- Market Capitalization: $300 million
Executive Team and Insider Holdings
The executive team holds a certain percentage of shares as well. The following are significant positions:
| Name | Position | Shares Owned | Percentage Ownership |
|---|---|---|---|
| John J. Lee | CEO | 250,000 | 3.1% |
| Mary A. Smith | CFO | 150,000 | 1.9% |
| David R. Wang | CSO | 120,000 | 1.5% |
Corporate Governance
BioAtla, Inc. maintains a diverse Board of Directors to oversee company operations. Current board composition includes:
| Director Name | Position | Independent |
|---|---|---|
| Jessica C. Brown | Chairwoman | Yes |
| Thomas E. Green | Director | Yes |
| Cynthia L. Davis | Director | No |
| Robert H. White | Director | Yes |
Shareholder Engagement
BioAtla, Inc. actively engages with its shareholders through regular updates and meetings. Recent initiatives include:
- Quarterly earnings calls
- Annual shareholder meetings
- Investor presentations at industry conferences
Conclusion of Ownership Insights
The ownership landscape of BioAtla, Inc. encapsulates a blend of institutional dominance and insider participation, reflecting robust support in the biotech sphere.
BioAtla, Inc. (BCAB) Mission Statement
Corporate Overview
BioAtla, Inc. (BCAB) is a biotechnology company engaged in developing innovative therapies for cancer treatment through its proprietary platform. The company is publicly traded and focuses on advancing the field of immuno-oncology.
Mission Statement
BioAtla's mission is to revolutionize cancer treatment through the development of innovative antibody-drug conjugates (ADCs) that are designed to improve the quality of life for patients while pursuing the goal of cancer cure.
Core Values
- Innovation: Continuously pushing the boundaries of science to develop novel therapeutic approaches.
- Integrity: Upholding high ethical standards in all aspects of operations.
- Collaboration: Partnering with research institutions and companies to accelerate discovery and development.
- Patient Focus: Committing to addressing the unmet needs of patients suffering from cancer.
Market Position
As of October 2023, BioAtla, Inc. has a market capitalization of approximately $163 million. The company is headquartered in San Diego, California, and operates within the biotechnology sector focusing on oncology.
Recent Financial Data
| Year | Revenue ($M) | Net Income ($M) | Operating Expenses ($M) | R&D Expenses ($M) |
|---|---|---|---|---|
| 2021 | 10.5 | -25.2 | 35.4 | 28.6 |
| 2022 | 11.7 | -29.6 | 39.2 | 30.4 |
| 2023 | 15.2 | -27.1 | 40.3 | 32.5 |
Key Products and Pipeline
- BA3011: An innovative ADC currently in clinical trials for the treatment of solid tumors.
- BA3021: Another promising ADC targeting specific cancer types, expected to enter the next phase of trials.
- Collaborations: Partnerships with major pharmaceutical companies to enhance drug development pipelines.
Partnerships and Collaborations
BioAtla has established strategic partnerships with organizations such as:
- Pfizer: Collaboration focused on ADC development.
- Bristol-Myers Squibb: Joint efforts on immuno-oncology advancements.
Clinical Trial Milestones
As of October 2023, BioAtla has initiated multiple clinical trials:
| Trial Name | Phase | Indication | Status | Estimated Completion Date |
|---|---|---|---|---|
| BA3011-001 | Phase 1 | Solid Tumors | Ongoing | Q4 2024 |
| BA3021-002 | Phase 2 | Non-Small Cell Lung Cancer | Ongoing | Q2 2025 |
| BA3011-003 | Phase 1/2 | Breast Cancer | Recruiting | Q1 2025 |
Future Objectives
BioAtla aims to:
- Expand R&D: Increase investment in research and development to accelerate drug discovery.
- Increase Market Reach: Expand partnerships globally to enhance drug access.
- Enhance Clinical Trials: Increase the number of ongoing clinical trials to bring therapies to market faster.
How BioAtla, Inc. (BCAB) Works
Company Overview
Company Overview
BioAtla, Inc. is a biotechnology company focused on developing innovative therapeutics for cancer treatment, leveraging its proprietary activating antibodies. The company is headquartered in San Diego, California.
Business Model
BioAtla operates on a biopharmaceutical model, concentrating on research and development (R&D) to discover and commercialize a portfolio of proprietary products. The primary revenue sources include:
- Collaborative agreements with pharmaceutical companies
- Potential milestone payments
- Royalties from product sales
Financial Performance
As of December 31, 2022, BioAtla reported the following financial metrics:
| Metric | Amount (in millions) |
|---|---|
| Total Revenue | $8.5 |
| R&D Expenses | $20.4 |
| General and Administrative Expenses | $8.1 |
| Net Loss | ($19.7) |
| Cash and Cash Equivalents | $52.1 |
Product Pipeline
BioAtla's product pipeline consists of several key therapeutic candidates targeting various solid tumors:
| Product Candidate | Indication | Phase |
|---|---|---|
| AB928 | Non-Small Cell Lung Cancer | Phase 2 |
| AB122 | Breast Cancer | Phase 1 |
| AB173 | Colorectal Cancer | Preclinical |
Collaborations and Partnerships
BioAtla has established collaborations to enhance its R&D capabilities and market reach:
- Collaboration with Amgen Inc. for development and commercialization
- Partnership with Merck KGaA for co-development of specific oncology programs
Market Presence and Competitive Advantage
BioAtla differentiates itself through its innovative technology platform, Activating Antibody, which allows for targeted delivery of therapies. The company focuses on unmet medical needs in oncology:
- Targeting unique cancer antigens
- Developing treatments that minimize side effects
Recent Developments
In Q2 2023, BioAtla announced significant advancements:
- New trial data supporting the efficacy of AB928
- Expansion of partnership with Amgen for additional indications
- Increased guidance for cash runway expected to last until 2024
Stock Performance
As of October 2023, BioAtla's stock performance is as follows:
| Metric | Value |
|---|---|
| Current Share Price | $8.45 |
| Market Capitalization | $326 million |
| 52-Week High | $12.15 |
| 52-Week Low | $5.78 |
How BioAtla, Inc. (BCAB) Makes Money
Revenue Streams
BioAtla, Inc. generates revenue through various channels, primarily focusing on the development and commercialization of innovative biologic therapies for cancer treatment. As of the latest financial data available, BioAtla's revenue is derived from the following key sources:
- License agreements
- Collaboration agreements
- Product sales
- Grants and funding
License Agreements
BioAtla engages in licensing its proprietary technology to pharmaceutical companies. For instance, as of 2023, the company entered into a collaboration with a major pharmaceutical partner, valued at approximately $100 million in upfront and milestone payments.
Collaboration Agreements
The collaboration agreements also include terms for shared expenses and profit-sharing arrangements. One notable collaboration was established in 2021, which projected potential revenues of up to $300 million based on milestone achievements and royalties.
Product Sales
Currently, BioAtla has its lead product candidate, BA3011, which is in the clinical trial phase. Once commercialized, the company anticipates significant sales revenue. As reported in 2022, the global market for antibody-drug conjugates is expected to reach $10 billion by 2026.
Grants and Funding
In addition to commercial revenue, BioAtla secures funding from grants and governmental agencies focused on cancer research. For instance, in 2022, the company received a grant of $5 million from the National Cancer Institute for developing its lead therapeutic candidates.
Cost Structure
BioAtla's operational costs primarily consist of research and development expenses. In 2022, the total R&D expenses were approximately $40 million, reflecting the company’s commitment to advancing its clinical pipeline.
Recent Financial Performance
BioAtla reported financial results for Q2 2023, showing a net loss of approximately $12 million. The company reported cash and cash equivalents of around $50 million, sufficient to fund its operations into 2024.
| Fiscal Year | Revenue (in millions) | Net Loss (in millions) | R&D Expenses (in millions) | Cash and Cash Equivalents (in millions) |
|---|---|---|---|---|
| 2021 | $0 | -$10 | -$30 | $60 |
| 2022 | $0 | -$15 | -$40 | $55 |
| 2023 (Q2) | $0 | -$12 | -$20 | $50 |
Future Projections
Looking ahead, BioAtla aims to expand its product portfolio and expects to initiate new clinical trials. The projected revenue for BA3011, if successfully commercialized, could exceed $500 million annually within the next few years, based on market analysis.
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