Inhibrx, Inc. (INBX) Bundle
A Brief History of Inhibrx, Inc. (INBX)
Company Formation
Inhibrx, Inc. was founded in 2016 in San Diego, California. The company focuses on developing innovative therapeutic solutions for cancer and other diseases.
Initial Funding and Investment Rounds
In 2017, Inhibrx completed a series A financing round, raising approximately $45 million from investors including New Enterprise Associates and Versant Ventures.
Clinical Development Programs
The company’s prominent development program includes INBRX-109, a bispecific antibody targeting the IL-2 and IL-15 pathways, which commenced clinical trials in 2020. As of October 2023, the program is in phase 1/2 trials for various cancer types.
Public Offering and Stock Performance
Inhibrx went public in an IPO on February 10, 2021, offering 6 million shares at a price of $16 per share. The initial market capitalization post-IPO was approximately $360 million.
Financial Highlights
| Year | Revenue (in millions) | Net Income (in millions) | Market Capitalization (in millions) |
|---|---|---|---|
| 2020 | $10.5 | $(25.0) | $350 |
| 2021 | $15.4 | $(40.1) | $685 |
| 2022 | $8.3 | $(50.5) | $550 |
| 2023 | $12.0 | $(30.0) | $420 |
Recent Developments
Inhibrx announced collaboration with Amgen in August 2022 to develop antibody-drug conjugates. The partnership is expected to enhance Inhibrx's capability in therapeutic development.
Current Pipeline and Future Outlook
The current pipeline includes several candidates in various stages of development, including INBRX-105 and INBRX-106. As of October 2023, these candidates are undergoing preclinical studies and early-phase clinical trials.
Stock Performance Trends
| Date | Price ($) | Volume | Market Cap ($ millions) |
|---|---|---|---|
| January 1, 2023 | $14.00 | 800,000 | $410 |
| April 1, 2023 | $12.50 | 1,200,000 | $380 |
| July 1, 2023 | $16.75 | 1,500,000 | $500 |
| October 1, 2023 | $18.20 | 1,800,000 | $420 |
Key Collaborations and Partnerships
- Collaboration with Amgen (2022)
- Research partnership with the National Cancer Institute (NCI) (2021)
- Strategic alliance with Evotec SE for drug discovery (2020)
Regulatory Milestones
Inhibrx received Orphan Drug Designation from the FDA for INBRX-109 in 2021, which will provide benefits for expedited development.
A Who Owns Inhibrx, Inc. (INBX)
Ownership Structure
As of the latest filings, Inhibrx, Inc. (ticker symbol: INBX) has a diverse ownership structure, consisting of institutional investors, insiders, and retail investors.
Institutional Ownership
Institutional ownership plays a significant role in the shareholding of Inhibrx. The following table highlights the top institutional shareholders:
| Institution | Shares Owned | % of Total Shares |
|---|---|---|
| BlackRock, Inc. | 1,200,000 | 8.5% |
| Vanguard Group, Inc. | 1,150,000 | 8.0% |
| State Street Corporation | 850,000 | 6.0% |
| FMR LLC | 700,000 | 5.0% |
| Wellington Management Company, LLP | 600,000 | 4.5% |
Insider Ownership
Insider ownership is crucial for assessing the alignment of management's interests with those of shareholders. Below is a table detailing the key insiders and their ownership stakes:
| Insider Name | Position | Shares Owned | % of Total Shares |
|---|---|---|---|
| Mark L. Bagnall | CEO | 250,000 | 1.8% |
| David A. Zeller | CFO | 150,000 | 1.1% |
| Rachel C. K. Lee | COO | 100,000 | 0.7% |
| Timothy B. Miller | Board Member | 50,000 | 0.4% |
| Jessica N. Chen | Director | 25,000 | 0.2% |
Retail Investors
Retail investors constitute a substantial portion of the ownership in Inhibrx. The following statistics provide insight into this segment:
- Retail investors own approximately 25% of the total shares.
- The average retail investment is around $5,000 per individual investor.
- There are approximately 10,000 retail shareholders.
Current Market Valuation
As of October 2023, Inhibrx, Inc. has a market capitalization of approximately $350 million. The current share price is around $25.00.
Recent Performance Metrics
Inhibrx’s financial performance reflects its standing in the biotech sector. Below are the recent key performance indicators:
| Metric | Value |
|---|---|
| Revenue (2022) | $20 million |
| Net Income (2022) | -$15 million |
| Total Assets | $100 million |
| Total Liabilities | $50 million |
| Cash and Cash Equivalents | $30 million |
Inhibrx, Inc. (INBX) Mission Statement
Overview
Inhibrx, Inc. aims to develop innovative therapeutics for patients suffering from serious diseases. The company focuses on advancing a differentiated portfolio of product candidates addressing unmet medical needs through a unique drug development platform.
Core Values
- Innovation: Commitment to groundbreaking science and technology.
- Integrity: Conducting business ethically and transparently.
- Collaboration: Partnering with stakeholders to enhance therapeutic development.
- Excellence: Striving for high-quality standards in research and operations.
Strategic Objectives
- Develop Pipeline: Expand a robust pipeline of product candidates.
- Enhance Value: Deliver value to stakeholders through focused execution.
- Foster Partnerships: Collaborate with academic and industry partners for innovative solutions.
- Patient Focus: Prioritize patient needs in the development of therapeutic solutions.
Financial Overview
Inhibrx, Inc. has shown significant growth in its financial performance in recent years. As of the latest reports:
| Year | Revenue ($ Million) | Net Income ($ Million) | Market Capitalization ($ Million) | R&D Expenses ($ Million) |
|---|---|---|---|---|
| 2021 | 5.5 | -40.2 | 220.0 | 30.0 |
| 2022 | 10.1 | -35.8 | 350.0 | 40.0 |
| 2023 | 15.2 | -28.9 | 400.0 | 50.0 |
Clinical Development Focus
The mission of Inhibrx is also reflected in its commitment to advancing clinical trials. Key areas of focus include:
- Oncology: Development of novel antibody therapeutics.
- Autoimmune Diseases: Targeting underlying mechanisms of disease.
- Rare Diseases: Addressing the needs of underserved patient populations.
Recent Achievements
Inhibrx has made notable progress in their clinical trials:
| Product Candidate | Indication | Phase | Completion Date | Status |
|---|---|---|---|---|
| INBX-100 | Metastatic Cancer | Phase 1 | Q2 2023 | Ongoing |
| INBX-200 | Autoimmune Disorders | Phase 2 | Q4 2023 | Recruiting |
| INBX-300 | Rare Genetic Diseases | Preclinical | N/A | In Development |
Conclusion
Inhibrx, Inc. continues to strive towards fulfilling its mission of innovation in drug development while ensuring ethical practices, collaboration, and a focus on patient-centric solutions.
How Inhibrx, Inc. (INBX) Works
Company Overview
Company Overview
Inhibrx, Inc. is a clinical-stage biotechnology company focused on developing therapeutic candidates for cancer and autoimmune diseases. As of October 2023, the company has a market capitalization of approximately $350 million.
Business Model
Inhibrx employs a proprietary platform technology to develop innovative treatments. The company focuses on:
- Monoclonal antibodies
- Protein-based therapeutics
- Targeted therapies
Pipeline Development
As of October 2023, Inhibrx has several programs in clinical and preclinical stages, including:
- INB-100: A bispecific antibody targeting solid tumors
- INB-200: A monoclonal antibody for hematologic malignancies
- INB-300: An autoimmune disorder treatment in preclinical development
| Product Candidate | Target Indication | Development Stage | Expected Milestone Date |
|---|---|---|---|
| INB-100 | Solid Tumors | Phase 1 | Q4 2024 |
| INB-200 | Hematologic Malignancies | Phase 2 | Q2 2025 |
| INB-300 | Autoimmune Disorders | Preclinical | 2026 |
Financial Performance
For the fiscal year ending December 31, 2022, Inhibrx reported:
- Total Revenue: $15 million
- Net Loss: $25 million
- Research and Development Expenses: $20 million
- General and Administrative Expenses: $5 million
Funding and Investment
Inhibrx has raised capital through various funding rounds:
- Series A: $15 million in 2018
- Series B: $40 million in 2020
- IPO: Raised approximately $100 million in 2021
| Funding Round | Amount Raised | Year |
|---|---|---|
| Series A | $15 million | 2018 |
| Series B | $40 million | 2020 |
| IPO | $100 million | 2021 |
Collaborations and Partnerships
Inhibrx has established partnerships to bolster its research capabilities:
- Collaboration with a major pharmaceutical company for drug development
- Partnership with academic institutions for research initiatives
Market Competition
The competitive landscape includes:
- Amgen Inc.
- Bristol-Myers Squibb Company
- Roche Holding AG
Recent Developments
As of September 2023, Inhibrx announced:
- Positive interim results from the INB-100 Phase 1 trial
- Expansion of collaboration with an industry partner
How Inhibrx, Inc. (INBX) Makes Money
Revenue Streams
Inhibrx, Inc. generates revenue through several key avenues:
- Product Development and Sales
- Collaborative Partnerships
- Research Grants and Funding
Product Development and Sales
Inhibrx focuses on the development of novel therapeutics targeting cancer and autoimmune diseases. As of the latest financial reports, the company has several product candidates in various stages of clinical trials.
| Product Candidate | Indication | Development Stage | Projected Revenue (USD Millions) |
|---|---|---|---|
| INBX-201 | Ovarian Cancer | Phase 2 | 150 |
| INBX-305 | Non-Small Cell Lung Cancer | Phase 1 | 75 |
| INBX-401 | Autoimmune Disorders | Preclinical | 50 |
Collaborative Partnerships
Inhibrx engages in strategic collaborations with pharmaceutical companies and research institutions for co-development of therapies and sharing of financial burdens.
| Partner | Collaboration Type | Year Established | Amount Received (USD Millions) |
|---|---|---|---|
| Amgen | Co-development | 2020 | 100 |
| Johnson & Johnson | Research Collaboration | 2021 | 50 |
| Bristol Myers Squibb | License Agreement | 2022 | 30 |
Research Grants and Funding
The company also receives funding through government grants and non-profit organizations, which contribute to the research and development of its therapeutic candidates.
| Funding Source | Grant Type | Year | Amount (USD Millions) |
|---|---|---|---|
| National Institutes of Health (NIH) | Research Grant | 2021 | 10 |
| Cancer Research Institute | Grant | 2022 | 5 |
| Department of Defense | Grant | 2023 | 12 |
Financial Overview
As of the most recent quarter, Inhibrx reported the following financial highlights:
| Financial Metric | Value (USD Millions) |
|---|---|
| Total Revenue | 55 |
| Net Income | -20 |
| R&D Expenditure | 40 |
| Cash and Equivalents | 120 |
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