A 2026-10-29 announcement reports Phase 3 BHV-1300 recruiting in Graves' disease and licensing of part of the Asian MoDE pan-IgG portfolio to Ono. Phase 3 BHV-1400 was still planned at that time.
2026 (announced as completed by March) · Targeted block sale under ATM equity program · $125 million gross proceeds ↗
Gross proceeds from the targeted Janus Henderson block transaction only; not combined with net proceeds from other 2026 ATM sales or gross proceeds from the 2025 public offering.
Profile review: 2026-11-04 · Fields retain their individual source dates. Undisclosed values are not zero; early or historical events do not establish the latest financing. Awards and acquisitions are distinguished from equity rounds.
Disease tags match recorded text mentions and require program-level verification.
Technology, programs & evidence
A 2026-10-29 announcement reports Phase 3 BHV-1300 recruiting in Graves' disease and licensing of part of the Asian MoDE pan-IgG portfolio to Ono. Phase 3 BHV-1400 was still planned at that time.
A Nature Materials study describes mRNA-loaded LNPs that reprogram tumor-associated macrophages into Claudin18.2-targeting CAR macrophages. The lipid formulation also promotes TREM2 internalization and degradation, reshaping immune responses. The original abstract reports tumor suppression and longer survival with PD-1 blockade in mice, plus ex vivo patient-sample findings. These findings do not demonstrate clinical efficacy in treated patients.
A Frontiers in Pharmacology review compares direct MCL-1 inhibition with approaches that reduce its abundance, including transcriptional interventions and targeted degradation. The original abstract highlights limited single-agent activity and cardiac safety concerns with inhibitors, while positioning degradation as an unvalidated clinical strategy. Biomarker-guided combinations and dynamic BH3 profiling are discussed; this review does not report a new clinical trial.
Evommune licensed EVO570, formerly HC118, from Hinova for development and commercialization outside Greater China. Upfront consideration totals $30 million: $20 million cash and $10 million in pre-funded warrants. Additional development, regulatory, and commercial milestones could reach approximately $1.1 billion, plus royalties. Phase 1 was expected to begin shortly; the announcement does not establish human efficacy.
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