Market Cap 128.47M
Revenue (ttm) 0.00
Net Income (ttm) -95.49M
EPS (ttm) N/A
PE Ratio 0.00
Forward PE N/A
Profit Margin 0.00%
Debt to Equity Ratio 4.23
Volume 595,200
Avg Vol 3,861,968
Day's Range N/A - N/A
Shares Out 65.88M
Stochastic %K 57%
Beta 0.41
Analysts Strong Sell
Price Target $9.00

Company Profile

IO Biotech, Inc., a clinical-stage biopharmaceutical company, develops immune-modulating therapeutic cancer vaccines based on the T-win technology platform. The company's lead therapeutic cancer vaccine candidate includes IO102-IO103, which targets cancer cells and immune-suppressive cells in the tumor microenvironment that express indoleamine 2,3-dehydrogenase (IDO), and programmed death-ligand (PD-L1) that is in phase 3 clinical trial to treat melanoma, as well as in phase 2 clinical trial to...

Industry: Biotechnology
Sector: Healthcare
Phone: 45 70 70 29 80
Address:
Ole MaalOees Vej 3, Copenhagen N, Copenhagen, Denmark
Notnotshort
Notnotshort Sep. 9 at 8:43 PM
$IOBT Dont know if I have already posted this? Ipi-Nivo had 54% ORR and 11.2 months mPFS in PDL1-. Lots of horsepower, while Nivo-Rela had 37.3% and got to 6.4 months mPFS. Sooo, we got 16 months of mPFS, however we had lower n, that could be an advantage if we had easier patients, but we dont know how well this group was balanced in regard to other negative prognostic factors. I would say that 16 months is still brutal if you compare this to the competition at basically 0 additional systemic toxicity. Cant believe this POS does not move up.
0 · Reply
Notnotshort
Notnotshort Sep. 9 at 6:52 PM
$IOBT According to CMO OS benefit seen in basically all subgroups, except for the anti-pd1 experienced obviously. So the PFS benefit seen in subgroups translates into OS benefit, which is what you would expect from immunotherapy in melanoma, and the FDA knows this. you get a combo therapy with combo efficacy with toxicity of single agent anti-pd1 therapy. Durability of responses seen in Head and neck and as I understood him also seen in the PH3 melanoma trial. From the data they have shared so far the responses are very durable. There also needs to be a big ORR difference in PDL1-, cause with median PFS of 3 months you cant have 50% ORR when working with anti-pd1, so probably something in the 30-35% range for the control arm. To get to 12 months mPFS you would need need close to 50% with high durability, which is unlikely just from anti-pd1 with n>60. to get to 16 months you will probably need something like 55% and great durability.
1 · Reply
GCPA
GCPA Sep. 9 at 6:40 PM
$IOBT By the way, they don't seem to want to be precise about timing of OS data: "somewhere in 2026", said today the CMO when asked (he also mentiones they had analyzed the trend the curves show). Are they not sure about data being ready in 1H 2026? If data cut-off were in the middle of June, it meant 12 months more of follow-up to reach 27 events more. Just Pembro arm should reach them in 12 months if it repllicated Keynote-006. Intriguing...
0 · Reply
outlawinvestor1
outlawinvestor1 Sep. 9 at 4:21 PM
$IOBT that was an excellent fireside chat and great review below. they do make it clear that they will need to raise likely before end of year. positive fda response is the catalyst they need for a good offering.
0 · Reply
badprecog
badprecog Sep. 9 at 3:41 PM
$IOBT Said they were also going to submit to Europe this year as well.
1 · Reply
badprecog
badprecog Sep. 9 at 2:48 PM
$IOBT Said she was still filing a BLA this year.
0 · Reply
nikitatrades
nikitatrades Sep. 9 at 1:44 PM
$IOBT #IOBiotech's lead drug, IO102-103 (Cylembio), showed strong PFS of 19.4m vs 11m in a Phase III melanoma trial. Missed p-value but co. plans to submit for FDA approval by EOY based on "totality of data" & safety. Cash into Q1 2026. ⚕️🧬 #Biotech
0 · Reply
GCPA
GCPA Sep. 9 at 12:49 PM
$IOBT This is the paper she quoted (JAMA, 2021) "Between 2018 and 2021, the FDA approved 210 new drugs, 21 (10.0%) based on pivotal studies with null findings for 1 or more primary efficacy end points (Table 1). These 21 drugs were approved for 21 unique clinical indications. Of these drugs, 11 (52.4%) were first in class, 10 (47.6%) received orphan designation, and 14 (66.7%) received an expedited review designation. Before approval, an advisory committee was convened for 3 (14.3%) of the drugs." https://jamanetwork.com/journals/jamainternalmedicine/fullarticle/2801023
2 · Reply
GCPA
GCPA Sep. 9 at 12:25 PM
$IOBT some tips from the MS meeting: 1) They insisted many times in their risk/benefit balance (appealing to FDA flexibility). CEO even mentioned a paper publised in JAMA (2023 apparently) which says that 10% of approved drugs had failed stat sig. 2) Importantly, the FDA team they will discuss with is the same that has accompanied them since the BTD. 3) Update about FDA meeting outcome in "a month or two". 4) Late-braking abstract for full dataset already accepted in a conference. It must be ESMO then. 5) Used the word "partnership" when talking about launch. 6) Prelim data of Neoadjuvant/Adjuvant EARLE next year. OS data somewhere in 2026.
6 · Reply
GCPA
GCPA Sep. 8 at 8:54 PM
$IOBT In the meanwhile, while we wait for FDA meeting. What is now really intriguing for me is the number of events for OS Final analysis. If instead of 169 events (27 more), they could wait for 182 (40 more), stat sig could change dramatically (for good, if the trend continues as it looks like). We are talking about very few patients. 27 events more means 16% of total 169 events; 40 means 22% of total 182 events. The weight of coming OS events over the total will increase a lot just with a bunch more.
2 · Reply
Latest News on IOBT
IO Biotech Reports 2024 Business Highlights

Mar 4, 2025, 4:17 PM EST - 6 months ago

IO Biotech Reports 2024 Business Highlights


IO Biotech: A Phase 3 Company Getting No Respect

Jan 3, 2024, 3:04 AM EST - 1 year ago

IO Biotech: A Phase 3 Company Getting No Respect


IO Biotech Announces 2023 Third Quarter Results

Nov 13, 2023, 8:12 AM EST - 1 year ago

IO Biotech Announces 2023 Third Quarter Results


IO Biotech Announces 2023 Second Quarter Results

Aug 11, 2023, 8:30 AM EDT - 2 years ago

IO Biotech Announces 2023 Second Quarter Results


IO Biotech Appoints Heidi Hunter to its Board of Directors

Aug 11, 2023, 8:05 AM EDT - 2 years ago

IO Biotech Appoints Heidi Hunter to its Board of Directors


Notnotshort
Notnotshort Sep. 9 at 8:43 PM
$IOBT Dont know if I have already posted this? Ipi-Nivo had 54% ORR and 11.2 months mPFS in PDL1-. Lots of horsepower, while Nivo-Rela had 37.3% and got to 6.4 months mPFS. Sooo, we got 16 months of mPFS, however we had lower n, that could be an advantage if we had easier patients, but we dont know how well this group was balanced in regard to other negative prognostic factors. I would say that 16 months is still brutal if you compare this to the competition at basically 0 additional systemic toxicity. Cant believe this POS does not move up.
0 · Reply
Notnotshort
Notnotshort Sep. 9 at 6:52 PM
$IOBT According to CMO OS benefit seen in basically all subgroups, except for the anti-pd1 experienced obviously. So the PFS benefit seen in subgroups translates into OS benefit, which is what you would expect from immunotherapy in melanoma, and the FDA knows this. you get a combo therapy with combo efficacy with toxicity of single agent anti-pd1 therapy. Durability of responses seen in Head and neck and as I understood him also seen in the PH3 melanoma trial. From the data they have shared so far the responses are very durable. There also needs to be a big ORR difference in PDL1-, cause with median PFS of 3 months you cant have 50% ORR when working with anti-pd1, so probably something in the 30-35% range for the control arm. To get to 12 months mPFS you would need need close to 50% with high durability, which is unlikely just from anti-pd1 with n>60. to get to 16 months you will probably need something like 55% and great durability.
1 · Reply
GCPA
GCPA Sep. 9 at 6:40 PM
$IOBT By the way, they don't seem to want to be precise about timing of OS data: "somewhere in 2026", said today the CMO when asked (he also mentiones they had analyzed the trend the curves show). Are they not sure about data being ready in 1H 2026? If data cut-off were in the middle of June, it meant 12 months more of follow-up to reach 27 events more. Just Pembro arm should reach them in 12 months if it repllicated Keynote-006. Intriguing...
0 · Reply
outlawinvestor1
outlawinvestor1 Sep. 9 at 4:21 PM
$IOBT that was an excellent fireside chat and great review below. they do make it clear that they will need to raise likely before end of year. positive fda response is the catalyst they need for a good offering.
0 · Reply
badprecog
badprecog Sep. 9 at 3:41 PM
$IOBT Said they were also going to submit to Europe this year as well.
1 · Reply
badprecog
badprecog Sep. 9 at 2:48 PM
$IOBT Said she was still filing a BLA this year.
0 · Reply
nikitatrades
nikitatrades Sep. 9 at 1:44 PM
$IOBT #IOBiotech's lead drug, IO102-103 (Cylembio), showed strong PFS of 19.4m vs 11m in a Phase III melanoma trial. Missed p-value but co. plans to submit for FDA approval by EOY based on "totality of data" & safety. Cash into Q1 2026. ⚕️🧬 #Biotech
0 · Reply
GCPA
GCPA Sep. 9 at 12:49 PM
$IOBT This is the paper she quoted (JAMA, 2021) "Between 2018 and 2021, the FDA approved 210 new drugs, 21 (10.0%) based on pivotal studies with null findings for 1 or more primary efficacy end points (Table 1). These 21 drugs were approved for 21 unique clinical indications. Of these drugs, 11 (52.4%) were first in class, 10 (47.6%) received orphan designation, and 14 (66.7%) received an expedited review designation. Before approval, an advisory committee was convened for 3 (14.3%) of the drugs." https://jamanetwork.com/journals/jamainternalmedicine/fullarticle/2801023
2 · Reply
GCPA
GCPA Sep. 9 at 12:25 PM
$IOBT some tips from the MS meeting: 1) They insisted many times in their risk/benefit balance (appealing to FDA flexibility). CEO even mentioned a paper publised in JAMA (2023 apparently) which says that 10% of approved drugs had failed stat sig. 2) Importantly, the FDA team they will discuss with is the same that has accompanied them since the BTD. 3) Update about FDA meeting outcome in "a month or two". 4) Late-braking abstract for full dataset already accepted in a conference. It must be ESMO then. 5) Used the word "partnership" when talking about launch. 6) Prelim data of Neoadjuvant/Adjuvant EARLE next year. OS data somewhere in 2026.
6 · Reply
GCPA
GCPA Sep. 8 at 8:54 PM
$IOBT In the meanwhile, while we wait for FDA meeting. What is now really intriguing for me is the number of events for OS Final analysis. If instead of 169 events (27 more), they could wait for 182 (40 more), stat sig could change dramatically (for good, if the trend continues as it looks like). We are talking about very few patients. 27 events more means 16% of total 169 events; 40 means 22% of total 182 events. The weight of coming OS events over the total will increase a lot just with a bunch more.
2 · Reply
Bullbi
Bullbi Sep. 8 at 8:11 PM
$IOBT what’s our wishlist for the conference tomorrow am?
1 · Reply
Bullbi
Bullbi Sep. 8 at 4:29 PM
$IOBT nice retrace of all our gains from last friday, super sick 😭
1 · Reply
Notnotshort
Notnotshort Sep. 7 at 7:40 PM
$IOBT More data from SMMT and found this exchange with Adam Feuerstein. @GCPA they put a lot of weigh on pre-specified analysis. If these idiots would have pre-specified an analysis for naive man, cant believe these clowns didnt do that with 0 data for the anti-PD1 experienced patients. Complete morons https://x.com/LY4101174/status/1964635133820145752
3 · Reply
GFstocktwits
GFstocktwits Sep. 6 at 1:13 AM
$IOBT So with a 507 patient statistical FAIL = NOT significant re Cylembio and Keytruda, it should be on teh way back to 1.50 and below and the price was 1.50 BEFORE the -ve news came out
3 · Reply
somaopp
somaopp Sep. 5 at 7:45 PM
$IOBT too close??
0 · Reply
Love_To_Learn
Love_To_Learn Sep. 5 at 7:34 PM
$RETO chain link 1.89 $IOBT 1.89/1.90 access to $SLS
0 · Reply
Love_To_Learn
Love_To_Learn Sep. 5 at 7:30 PM
$IOBT using u to guide $SLS lil push temp 4 this window n sequence 1 min chart
0 · Reply
Love_To_Learn
Love_To_Learn Sep. 5 at 6:40 PM
$IOBT minor pivot on u for $SLS touch step
1 · Reply
badprecog
badprecog Sep. 5 at 2:07 PM
$IOBT interesting… cat out of bag? I wonder how stick $2 will be?
2 · Reply
Notnotshort
Notnotshort Sep. 5 at 1:08 PM
$IOBT This is the PFS chart from Relativity 47 stratified by PDL1 status. The PDL1- chart looks incredible, big difference between curves and thats a HR of 0.66. Imagine how our chart looks like with HR of 0.54. HR of 0.54 means that you more than double progression free-survival compared to the control arm. In Pembro arm 22% are progression free, while in Cylembio arm 49% are progression free with 18 months of minimum follow-up. What comes after 1L treatment? ICI again, TILs, Ipi single agent, BRAF inhibitors and IL2 high dose. Mostly nasty shit thats very ineffective in 2nd. TILs seem to be the best options, but only around 25% are eligable in 2nd line. It certainly gets very hopeless after 1L failure and you haave to endure a lot of shit to prolong live with low QOL. TILs give hope for durable responses, but the treatment is brutal and can kill you, even when you are young and relatively fit.
2 · Reply
DrUpUpAway
DrUpUpAway Sep. 5 at 9:34 AM
$IOBT I notice chatter now of Private Placements? Partnerships? Dilution!?? Instead l give you ‘Dr Ups Reasonable Merck Buyout Scenario’. Zocca’s recent golden parachute amended contract is evidence of possible buyout. Merck can build the ultimate Opdualag. With best in class Keytruda and Mads Magic Cylembio, new product new patent. The ultra conservative case: We get BLA label for PDL1neg patients. Modeling Cylembio on USA only melanoma PDL1neg 12% market penetration (88% other therapy) 5000 annual patients. At $ 125k (75% opdualag drug price). Total 3 year ramped up revenue is $ 1B (annual peak $ 500Mil). Conservative again 2x peak sales multiple is $ 1B buyout. Now about $IOBT shares. 66M outstanding. 9M warrants floating around including EIB’s third tranche. Total 75M fully diluted. BUYOUT PRICE: $ 13 PER SHARE. So there you have it. The deal of the year for Merck.. and it seems they are looking for deals this year. This is What If Speculation I'm overlooking many factors.
3 · Reply
badprecog
badprecog Sep. 4 at 10:46 PM
$IOBT This will go full pirate mode once full BLA is announced
1 · Reply