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Crescent Biopharma advances cancer drug trials, reports Q3 2026 results with $289M cash runway into 2028

Company Fundamentals
12 Nov 2026, 23:15 WIB
GlobeNewsWire
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Bullish
Crescent Biopharma advances cancer drug trials, reports Q3 2026 results with $289M cash runway into 2028

Crescent Biopharma completed dose escalation in its global Phase 1/2 trial of CR-001, a PD-1 x VEGF bispecific antibody, with over 125 patients dosed and plans to report initial monotherapy data for non-small cell lung cancer in Q1 2027. The company is also progressing multiple Phase 2 studies in China with partner Kelun-Biotech and has started dosing in a global Phase 1/2 trial of CR-002, a PD-L1-targeted antibody-drug conjugate. Crescent reported a net loss of $37.7 million for Q3 2026 but holds $289.4 million in cash, expected to fund operations into late 2028. Key clinical data readouts are anticipated throughout 2027, positioning Crescent to potentially initiate Phase 3 trials for CR-001 in early 2028.

Crescent Biopharma's recent financial results and clinical progress provide context for health sector performance on Pluang. For readers following health stocks, here is Pluang's market snapshot as of Nov 13, 2026 04:11 WIB: Of 150 priced health-sector US stocks, 23 rose and 124 fell today. Novavax Inc (NVAX) dropped 12.32% to USD 8.75 with a typical hold time of 60 days and 99% buy orders, contrasting with Citius Pharmaceuticals Inc (CTXR) which gained 11.19% to USD 0.53 despite 84% sell orders and a shorter hold time of 19 days. Sana Biotechnology Inc (SANA) fell 11.79% to USD 2.02 with a 40% sell order ratio and a 26-day hold time.

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