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Assembly Biosciences Reports First Quarter 2022 Financial Results and Recent Highlights
SOUTH SAN FRANCISCO, Calif., May 12, 2022 (GLOBE NEWSWIRE) -- Assembly Biosciences, Inc. (Nasdaq: ASMB), a clinical-stage biotechnology company developing
About this update from Assembly Biosciences, Inc.
[{"type":"text","content":"SOUTH SAN FRANCISCO, Calif., May 12, 2022 (GLOBE NEWSWIRE) -- Assembly Biosciences, Inc. (Nasdaq: ASMB), a clinical-stage biotechnology company developing innovative, investigational therapeutics targeting hepatitis B virus (HBV) and other viral diseases, today reported financial results and recent highlights for the first quarter ended March 31, 2022. John McHutchison, AO, MD, chief executive officer and president of Assembly Bio, said, “We are excited to expand our pipeline with the introduction of our HBV/hepatitis delta virus (HDV) small molecule entry inhibitor, which we believe could increase treatment options for the estimated 12 million people infected with this devastating disease that significantly increases the incidence and severity of liver disease and its complications, including cirrhosis and liver cancer. We are also looking forward to introducing our third HBV target next month. And, of course, we continue to execute on our strategy pursuing finite and curative HBV therapies, with vebicorvir (VBR) triple combination trials and the advancement of our next generation, more potent core inhibitors, on which we will share more in presentations at upcoming scientific and clinical meetings going forward.” Recent Updates Introduced a new research program focused on a novel, orally bioavailable small-molecule approach to inhibit the intracellular entry of HBV and HDV, targeting nomination of a product candidate in the first half of 2023.Announced the expansion of Assembly Bio’s pipeline to include candidates focused on viruses outside of HBV.Completed enrollment and continued dosing in two Phase 2 triple combination studies evaluating Assembly Bio’s lead investigational core inhibitor, VBR + nucleos(t)ide analogs (Nrtl) therapy, along with Arbutus Biopharma’s RNAi therapeutic candidate, AB-729, and separately with peg-IFNα.Initiated triple combination study with VBR + NrtI and ATI-2173, Antios Therapeutics’ investigational active site polymerase inhibitor nucleotide (ASPIN).Participated in: The International Conference on Antiviral Research (ICAR) on March 25, 2022. William Delaney, PhD, chief scientific officer, presented on “Discovery and Development of HBV Core Inhibitors for the Treatment of Chronic Hepatitis B Infection.” The Second Annual Chronic HBV Drug Development Summit on April 25-27, 2022. Luisa Stamm, MD, Ph...