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August 28, 2015 8:44 AM ET

Pharmaceuticals

Company Overview of Endocyte, Inc.

Company Overview

Endocyte, Inc., a biopharmaceutical company, develops targeted therapies for the treatment of cancer and inflammatory diseases in the United States. The company uses its proprietary technology to create novel small molecule drug conjugates (SMDCs) and companion imaging agents. It is developing Vintafolide, a SMDC that is in Phase IIb clinical trials to treat non-small cell lung cancer; EC1456, which is in Phase I dose escalation trial for the treatment of advanced solid tumors; and EC1169, a tubulysin therapeutic that is in Phase I dose escalation trial in recurrent prostate cancer patients. The company is also developing EC1788, a folate receptor-targeted SMDC that is in preclinical develop...

3000 Kent Avenue

Suite A1-100

West Lafayette, IN 47906

United States

Founded in 1995

81 Employees

Phone:

765-463-7175

Fax:

765-463-9271

Key Executives for Endocyte, Inc.

Co-Founder, Chief Executive Officer, President and Director
Age: 53
Total Annual Compensation: $475.6K
Co-Founder, Chief Scientific Officer and Director
Age: 67
Total Annual Compensation: $208.7K
Chief Financial Officer and Chief Operating Officer
Age: 49
Total Annual Compensation: $323.0K
Vice President of Research & Development
Age: 49
Total Annual Compensation: $278.5K
Vice President of Clinical Operations
Age: 58
Total Annual Compensation: $261.8K
Compensation as of Fiscal Year 2014.

Endocyte, Inc. Key Developments

Endocyte, Inc. Announces Unaudited Consolidated Financial Results for the Second Quarter and Six Months Ended June 30, 2015; Reiterates Cash Guidance for 2015; Provides Update on Clinical Progress

Endocyte, Inc. announced unaudited consolidated financial results for the second quarter and six months ended June 30, 2015. For the quarter, collaboration revenue was $0.013 million against $49.168 million a year ago. Loss from operations was $10.782 million against income from operation of $22.210 million a year ago. Interest income, net was $0.185 million against $0.168 million a year ago. Net loss was $10.604 million or $0.25 per diluted share against net income of $22.356 million or $0.52 per diluted share a year ago. Research and development expenses were $6.7 million for the second quarter of 2015, compared to $19.0 million for the same period in 2014. Research and development expenses were $6.7 million for the second quarter of 2015, compared to $19.0 million for the same period in 2014. The decrease in research and development expense was primarily attributable to a decrease in expenses related to the TARGET trial, which is now completed, and the PROCEED trial, which was terminated in May 2014 and for which a termination charge of $4.7 million was recorded in the second quarter of 2014, along with a decrease in manufacturing expenses for vintafolide and etarfolatide related to pre-commercial activity. For the six months, collaboration revenue was $0.025 million against $66.437 million a year ago. Loss from operations was $21.747 million against income from operation of $18.991 million a year ago. Interest income, net was $0.337 million against $0.253 million a year ago. Net loss was $21.474 million or $0.47 per diluted share against net income of $19.215 million or $0.51 per diluted share a year ago. The company reiterated its expectation that its 2015 year-end cash balance will exceed $155 million. Spending is expected to increase from current levels as the trials for EC1456 and EC1169 are expanded once the maximum tolerated doses are determined. The company also announced that the final overall survival results from the Phase 2 TARGET trial of EC145 in NSCLC have been accepted for oral presentation at the IASLC World Conference on Lung Cancer to be held in Denver from September 6-9, 2015. While development efforts have focused on the second generation SMDCs, results of this trial provide insights into the effectiveness of the SMDC platform, particularly in targeting the folate receptor.

Endocyte, Inc. Appoints Dr. Alison A. Armour as Chief Medical Officer

Endocyte, Inc. announced that Alison A. Armour has been appointed as chief medical officer. Prior to joining Endocyte, Dr. Armour served as vice president of oncology at Novartis and GSK, where she led the global strategic TYKERB development team in breast cancer and was accountable for a large matrix team composed of clinical, medical, regulatory, statistics, medical affairs, science and commercial colleagues based in multiple sites in the US, UK and Japan.

Endocyte, Inc., Q2 2015 Earnings Call, Aug 04, 2015

Endocyte, Inc., Q2 2015 Earnings Call, Aug 04, 2015

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