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Aptevo Provides State of the Business Report and 2025 Financial Results

  • Aptevo Therapeutics reported mipletamig data showing an 86% clinical benefit rate in 28 frontline AML patients with no observed cytokine release syndrome.
  • The mipletamig triplet regimen achieved a 79% CR/CRi rate and a 61% complete remission rate, compared to historical ven/aza doublet rates of 66% and 37%.
  • 55% of patients achieving remission reached measurable residual disease-negative status, including 35% of those with high-risk TP53 mutations.
  • Four patients treated with mipletamig proceeded to allogeneic stem cell transplant, a notable outcome for older or unfit frontline populations.
  • The company expanded its CD3 portfolio with three new multispecific candidates, including its first two trispecific drug assets designed for solid tumors.
  • All pipeline programs utilize the proprietary CRIS-7-derived CD3 binding domain to promote targeted T-cell activation while reducing systemic immune overstimulation.
  • Aptevo established a $60 million equity line facility with Yorkville Advisors Global in 2026 to support operations through 2029.
  • Cash and cash equivalents totaled $21.6 million as of December 31, 2025, up from $8.7 million in the prior year.
  • Research and development expenses were $14.5 million for 2025, while general and administrative expenses rose to $11.8 million.
  • The company reported a net loss of $26.0 million for 2025, resulting in a net loss per share of $87.27.
  • Marvin White is transitioning to Executive Chair while Jeff Lamothe assumes the role of President and Chief Executive Officer.
  • Mipletamig has received orphan drug designation for AML and is being evaluated in the RAINIER Phase 1b/2 trial in combination with venetoclax and azacitidine.