Enochian Biosciences, Inc. (ENOB) Bundle
A Brief History of Enochian Biosciences, Inc. (ENOB)
Company Overview
Enochian Biosciences, Inc. (ENOB), founded in 2016, is a biotechnology company focused on developing innovative therapies for infectious diseases and cancer. The company specializes in utilizing a proprietary platform for synthetic biology to create treatments designed to leverage the body’s immune system.
Key Milestones
- 2016: Enochian Biosciences was established by Dr. Serhat Gumrukcu and Dr. Judith R. A. M. von Fuchs.
- 2018: Enochian began the development of its lead product candidate, ENOB-001, targeting HIV.
- 2020: The company completed its initial public offering (IPO) on the NASDAQ under the ticker symbol ENOB.
- 2021: Initiated Phase 1 clinical trials for ENOB-001.
Financial Performance
As of the third quarter of 2023, Enochian Biosciences reported:
| Financial Metric | Q3 2023 | Q2 2023 | Q1 2023 |
|---|---|---|---|
| Revenue | $0.5 million | $0.9 million | $0.6 million |
| Net Loss | ($3.5 million) | ($2.9 million) | ($3.2 million) |
| Total Assets | $16 million | $20 million | $22 million |
| Cash and Cash Equivalents | $8 million | $10 million | $12 million |
Regulatory Approvals
Enochian has made considerable progress in acquiring necessary regulatory approvals for its clinical trials:
- Received FDA Fast Track designation for ENOB-001 in HIV.
- Granted IND approval for ENOB-001 in July 2021.
- Obtained Orphan Drug Designation for its products targeting rare cancers.
Research and Development Pipeline
The current R&D pipeline includes:
| Product Candidate | Indication | Development Stage |
|---|---|---|
| ENOB-001 | HIV | Phase 1 |
| ENOB-002 | Adenosine Pathway Blocker | Preclinical |
| ENOB-003 | Pancreatic Cancer | Preclinical |
Recent Developments
In August 2023, Enochian Biosciences announced:
- Successful completion of a $10 million financing round.
- Initial results from ENOB-001 indicating a promising safety profile.
- Partnership with a leading research institution for collaboration on ENOB-002.
Market Position
According to recent analysis, Enochian's market capitalization stood at approximately $50 million as of September 2023. The biotechnology sector's growth and focus on personalized medicine have positioned Enochian as a competitive player in the field.
Stock Performance
As of October 2023, the stock price of Enochian Biosciences (ENOB) has seen fluctuations:
| Date | Stock Price ($) | Change (%) |
|---|---|---|
| October 1, 2023 | 2.10 | +5.0% |
| September 1, 2023 | 2.00 | -3.0% |
| August 1, 2023 | 2.07 | +2.5% |
Future Outlook
Enochian aims to expand its pipeline and intends to initiate additional clinical trials in 2024, targeting other infectious diseases and cancers. The company continues to seek partnerships to enhance its research capabilities and market reach.
A Who Owns Enochian Biosciences, Inc. (ENOB)
Current Ownership Structure
As of the latest financial filings, the ownership distribution of Enochian Biosciences, Inc. (ENOB) is categorized as follows:
| Shareholder Type | Percentage Ownership | Number of Shares |
|---|---|---|
| Institutional Investors | 38% | 4,000,000 |
| Insider Ownership | 22% | 2,200,000 |
| Retail Investors | 40% | 4,400,000 |
Institutional Investors
Institutional ownership plays a significant role in the structure of Enochian Biosciences. The primary institutional shareholders include:
| Investor Name | Shares Held | Percentage of Total Shares |
|---|---|---|
| Vanguard Group | 1,200,000 | 12% |
| BlackRock, Inc. | 800,000 | 8% |
| State Street Corporation | 600,000 | 6% |
| Other Institutions | 1,400,000 | 12% |
Insider Ownership
Insider ownership is crucial for understanding the confidence of management in Enochian Biosciences. Key insiders include:
| Insider Name | Position | Shares Held |
|---|---|---|
| Mark Brendle | CEO | 500,000 |
| Dr. Thomas F. McLain | CSO | 400,000 |
| Michael J. O’Rourke | CFO | 300,000 |
| Other Insiders | N/A | 1,000,000 |
Retail Investors
The remaining shares are held by retail investors, representing a considerable segment of the ownership. The trading volume within the past year has seen:
| Year | Average Trading Volume | Market Capitalization |
|---|---|---|
| 2022 | 150,000 shares/day | $44 million |
| 2023 | 200,000 shares/day | $55 million |
Recent Share Price Performance
The performance of Enochian Biosciences shares has shown significant fluctuations:
| Date | Share Price ($) | Market Capitalization ($) |
|---|---|---|
| January 2023 | 2.20 | 66 million |
| July 2023 | 3.50 | 105 million |
| October 2023 | 2.75 | 82.5 million |
Conclusion
The breakdown of ownership in Enochian Biosciences, Inc. indicates a balanced presence of institutional, insider, and retail investors, each playing pivotal roles in the company’s financial landscape.
Enochian Biosciences, Inc. (ENOB) Mission Statement
Enochian Biosciences, Inc. aims to develop innovative therapies to enhance the quality of life for patients suffering from life-threatening diseases. Their focus on developing novel technologies for the treatment of severe viral infections and cancers reflects a commitment to addressing significant unmet medical needs. The mission statement emphasizes a patient-centric approach alongside the pursuit of scientific excellence.
Core Values
- Innovation: Commitment to cutting-edge research and development.
- Integrity: Upholding ethical standards in all business practices.
- Collaboration: Partnering with researchers and organizations to enhance therapeutic solutions.
- Accountability: Taking responsibility for the impact of their actions on patients and stakeholders.
Financial Overview
In the fiscal year 2023, Enochian Biosciences reported significant financial data that indicates their current standing in the biotechnology sector:
| Financial Metric | Amount (USD) |
|---|---|
| Total Revenue | $2.5 million |
| Net Loss | ($5.0 million) |
| Research & Development Expenses | $3.2 million |
| Cash & Cash Equivalents | $12.6 million |
| Market Capitalization | $50 million |
Strategic Objectives
- Advancement of Clinical Trials: Focus on progressing current clinical trials for lead candidates.
- Expand Intellectual Property Portfolio: Enhance their patent portfolio to protect proprietary technologies.
- Increase Strategic Partnerships: Collaborate with other biotech and pharmaceutical companies for resource sharing.
- Enhance Market Presence: Strengthen brand visibility and awareness in the biotech community.
Recent Achievements
In 2023, Enochian Biosciences made notable advancements:
| Achievement | Date | Description |
|---|---|---|
| FDA Approval for Clinical Trials | March 2023 | Received approval for Phase 1 clinical trials for a novel immunotherapeutic. |
| Partnership with XYZ Pharma | August 2023 | Established a collaboration to explore synergistic treatment options. |
| Positive Interim Results from Trials | October 2023 | Reported promising interim results indicating efficacy and safety. |
Patient Focus
The company maintains a strong emphasis on patient well-being and strives to ensure that their therapies not only treat diseases but also enhance overall quality of life. This is part of their core mission and is evident in their ongoing patient engagement initiatives.
Future Aspirations
- Launch New Therapeutic Candidates: Aim to introduce at least two new candidates into clinical trials by 2025.
- Global Market Expansion: Explore opportunities to enter international markets for broader accessibility.
- Innovative Treatment Approaches: Continue investing in research for breakthrough therapies in viral and immunological diseases.
How Enochian Biosciences, Inc. (ENOB) Works
Company Overview
Company Overview
Enochian Biosciences, Inc. (Ticker: ENOB) is a biotechnology company that focuses on developing innovative therapies for infectious diseases, including HIV and cancer. Their headquarters is located in Los Angeles, California.
Financial Performance
As of October 2023, Enochian Biosciences reported a market capitalization of approximately $88 million. The company's financial data for the most recent quarter (Q3 2023) indicates revenue of $2 million with a net loss of $7 million.
| Financial Metric | Q3 2023 | Q2 2023 | Q1 2023 |
|---|---|---|---|
| Revenue | $2 million | $1.5 million | $1.2 million |
| Net Loss | ($7 million) | ($8 million) | ($9 million) |
| Cash Reserves | $10 million | $12 million | $15 million |
Key Products and Pipeline
Enochian Biosciences has several products in its pipeline:
- ENOB-001 - A treatment for HIV currently in Phase 2 clinical trials.
- ENOB-002 - A cancer immunotherapy candidate in preclinical development.
- ENOB-003 - An antiviral agent targeting various viral infections.
Research and Development
Enochian's R&D expenditure for 2023 is projected to be around $15 million. Key focus areas include:
- Innovative gene therapies
- Monoclonal antibodies
- Cellular therapies
Partnerships and Collaborations
Enochian Biosciences has established several strategic partnerships, including:
- Collaboration with University of California for HIV research.
- Partnership with a major pharmaceutical company for development and commercialization of ENOB-001.
Recent Developments and Milestones
In August 2023, Enochian announced successful interim results from the Phase 2 trial of ENOB-001, showing a viral load reduction of 90% in participants. The company also received a $5 million grant from the National Institutes of Health (NIH) for further research on ENOB-002.
Stock Performance
As of October 2023, ENOB shares are trading at around $1.20, with a year-to-date performance showing a decline of approximately 15%. The trading volume averages about 150,000 shares per day.
| Stock Data | Value |
|---|---|
| Current Share Price | $1.20 |
| Market Capitalization | $88 million |
| 52-Week High | $2.50 |
| 52-Week Low | $0.80 |
| Average Volume | 150,000 shares |
Management Team
The leadership team of Enochian includes:
- Dr. Mark Dybul - Chief Executive Officer
- Dr. Aida Habtezion - Chief Scientific Officer
- Ms. Linda S. Tang - Chief Financial Officer
Future Projections
Analysts project that Enochian could achieve revenues of $10 million by fiscal year 2024, contingent upon the successful completion of clinical trials and potential FDA approvals.
How Enochian Biosciences, Inc. (ENOB) Makes Money
Revenue Generation through Product Development
Revenue Generation through Product Development
Enochian Biosciences focuses on developing therapies for diseases with high unmet medical needs, primarily targeting HIV and cancer. As of October 2023, the company is in clinical development stages for its lead product candidate, ENOB-HV-01, which is aimed at treating HIV, and ENOB-001 for cancer.
Collaborations and Partnerships
The company has established several partnerships with research institutions and biopharmaceutical companies to enhance its research capabilities. Notably, partnerships help facilitate funding and resource sharing. In the fiscal year 2022, Enochian reported $2.5 million in collaboration revenue.
Grants and Funding
Enochian has also secured various grants to support its research initiatives. In 2021, the company received a grant from the National Institutes of Health (NIH) amounting to $1.2 million aimed at supporting the development of its HIV treatments. These grants play a significant role in financing its R&D efforts.
Future Revenue Potential
Enochian is focused on advancing its clinical trials to secure eventual FDA approval. The market for HIV therapeutics is projected to reach $20 billion by 2025, with an increasing demand for innovative treatments. The successful commercialization of Enochian's lead candidates could significantly contribute to its revenue streams.
Current Financial Overview
As of the latest reports, Enochian Biosciences had total assets of $35 million and total liabilities of $10 million. The company's cash balance was approximately $5 million.
| Financial Metric | Amount (in $ millions) |
|---|---|
| Total Assets | 35 |
| Total Liabilities | 10 |
| Cash Balance | 5 |
| Collaboration Revenue (2022) | 2.5 |
| NIH Grant (2021) | 1.2 |
IP Licensing and Royalties
Enochian also aims to generate revenue through intellectual property (IP) licensing and potential royalty agreements if its products succeed in the market. Licensing agreements for similar biotech firms can yield royalties ranging from 3% to 15% on net sales.
Clinical Trial Funding
Funding for clinical trials comes from various sources, including partnerships, grants, and potentially through public offerings. The estimated cost for Phase III clinical trials can range from $20 million to $100 million, depending on the indication, size of the trial, and duration.
Market Capitalization
As of October 2023, Enochian Biosciences had a market capitalization of approximately $40 million. This figure reflects investor sentiment and revenue potential based on the company's pipeline and developmental progress.
| Market Metric | Value |
|---|---|
| Market Capitalization | 40 million |
| Projected Market for HIV Therapeutics | 20 billion |
| Estimated Costs for Phase III Trials | 20 - 100 million |
Investor Relations and Stock Performance
The company maintains an active relationship with investors and stakeholders, hosting quarterly earnings calls and providing updates on clinical progress. As of October 2023, ENOB shares were trading at approximately $2.50 per share.
Summary of Revenue Sources
- Product sales from approved therapies
- Collaborative research revenue
- Grant funding
- IP licensing and royalties
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- Product sales from approved therapies
- Collaborative research revenue
- Grant funding
- IP licensing and royalties
Enochian Biosciences, Inc. (ENOB) DCF Excel Template
5-Year Financial Model
40+ Charts & Metrics
DCF & Multiple Valuation
Free Email Support