Climb Bio Announces Initial Data on Budoprutug
Climb Bio announced initial data from the ongoing Phase 1b portion of its Phase 1b/2a study evaluating budoprutug, an anti-CD19 monoclonal antibody, in adults with primary immune thrombocytopenia demonstrating an encouraging safety and tolerability profile, robust B-cell depletion, and meaningful platelet responses in heavily pretreated patients. The initial data are being presented at the European Hematology Association, or EHA, Congress 2026, which is being held on June 11-14 in Stockholm, Sweden. The ongoing Phase 1b/2a study is evaluating budoprutug in patients with primary ITP to inform dose and regimen selection and assess safety and the depth and duration of platelet response and B-cell depletion. Initial safety and efficacy data are available from the 250 mg cohort, and initial safety data are available from the 500 mg cohort. Enrollment in the 1000 mg cohort is ongoing. The Phase 1b portion of the Phase 1b/2a study is evaluating three ascending doses of intravenous budoprutug, administered in two doses 14 days apart, in adults with primary ITP who have received at least one prior therapy. As of June 1, 15 patients had been enrolled across the 250 mg and 500 mg dose cohorts, median follow-up was 38 weeks and 12 weeks for the 250 mg and 500 mg cohorts respectively. Patients enrolled were heavily pretreated, with a median of 6 to 7.5 prior lines of therapy and disease duration ranging from 0.5 to 40 years. Budoprutug was generally well tolerated at both the 250 mg and 500 mg dose levels, with no serious adverse events, no treatment discontinuations due to adverse events, and no infusion related reactions; all adverse events were Grade 1 to Grade 2. In the 250 mg dose cohort, B-cell levels were depleted by an average of over 90% by Week 4 and mean platelet count increased by 111,000 platelets/microL at Week 24. Durable platelet responses were achieved in four out of six patients in the 250 mg dose cohort, with two out of six patients experiencing platelet levels greater than100 x 103/microL for over 24 weeks. Of the four patients who had previously been treated with rituximab, three responded to treatment with budoprutug, two with durable and complete responses Results to date support continued clinical evaluation of budoprutug in ITP; enrollment in the 1000 mg cohort is ongoing.
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- Climb Bio Progress: Climb Bio continues to advance its clinical pipeline with ongoing enrollment in the Phase 2 PrisMN trial and Phase 1b/2a studies, which are expected to enhance its market position in immune-mediated diseases.
- Positive Clinical Data: In June 2026, Climb Bio reported initial clinical data for Budoprutug, demonstrating a favorable safety and tolerability profile, which may solidify its future market presence and boost investor confidence.
- Tectonic Therapeutic Trials Initiated: Tectonic Therapeutic launched a Phase 1a clinical trial for TX2100 in February 2026 targeting hereditary hemorrhagic telangiectasia, which is anticipated to create new growth opportunities for the company.
- UroGen Pharma Drug Approval: UroGen Pharma received FDA approval for Zusduri in June 2025, further enhancing its competitiveness in the low-grade non-muscle invasive bladder cancer market, which is expected to significantly boost company revenues.
- Clinical Data Release: Climb Bio presented initial safety data for CLYM116 at the 2026 European Renal Association Congress, indicating a favorable tolerance in healthy volunteers, which supports further development in IgA nephropathy and may offer new treatment options for patients.
- R&D Highlights: The company plans to share initial pharmacokinetic and pharmacodynamic data at its upcoming R&D Spotlight Series, which is expected to further validate the clinical potential of CLYM116 and enhance its market competitiveness.
- Global Strategy: The global Phase 1 study of CLYM116 includes healthy volunteers in China and Australia, with a sample size of approximately 80 and doses ranging from 25 mg to 640 mg, aimed at providing a solid foundation for dose selection to advance subsequent clinical trials.
- Safety Assessment: Preliminary data show no serious adverse events reported among healthy volunteers receiving a single 320 mg dose, with all adverse events being mild to moderate and mostly transient, indicating a favorable safety profile for CLYM116.
- Funding Size: Climb Bio has successfully raised approximately $110 million through a private placement with institutional investors, issuing 9.48 million shares at $9.50 each, indicating strong market confidence in its future growth.
- Pre-Funded Warrants: The offering includes pre-funded warrants for up to 2.11 million shares priced at $9.4999, with an exercise price of just $0.0001, which enhances investor participation incentives significantly.
- Transaction Timeline: The transaction is expected to close around April 29, 2026, demonstrating the company's active engagement in capital markets and its funding needs for future projects.
- Stock Price Reaction: Following the financing announcement, Climb Bio's shares rose by 8% in premarket trading, reflecting investor optimism about the company's prospects and potentially boosting its subsequent market performance.
- Funding Size: Climb Bio has successfully raised approximately $110 million through a private placement with institutional investors, issuing 9.48 million shares priced at $9.50 each, indicating strong market confidence in its future growth.
- Pre-Funded Warrants: The offering includes pre-funded warrants for up to 2.11 million shares priced at $9.4999, with an exercise price of just $0.0001, enhancing investor participation and interest in the offering.
- Transaction Timeline: The transaction is expected to close around April 29, 2026, providing a clear timeline for the company’s funding operations and project advancements.
- Market Reaction: Following the financing announcement, Climb Bio's shares rose 8% in premarket trading, reflecting investor optimism about the company's prospects and potentially facilitating further business expansion.
- Funding Size: Climb Bio has successfully raised approximately $110 million through an agreement with institutional investors, issuing 9.48 million shares priced at $9.50 each, indicating strong market confidence in its future development.
- Pre-Funded Warrants: The offering includes pre-funded warrants for up to 2.11 million shares priced at $9.4999, with an exercise price of just $0.0001, which enhances investor participation and potential returns.
- Transaction Timeline: The transaction is expected to close around April 29, 2026, providing the company with ample funding to support its research and development and market expansion plans.
- Market Reaction: Following the financing announcement, Climb Bio's shares rose 8% in premarket trading, reflecting positive investor sentiment regarding the company's growth potential.
- Funding Size: Climb Bio has successfully raised approximately $110 million through a private placement with institutional investors, issuing 9.48 million shares at $9.50 each, indicating strong market confidence in its future growth.
- Pre-Funded Warrants: The offering includes pre-funded warrants for up to 2.11 million shares priced at $9.4999 with a minimal exercise price of $0.0001, providing investors with additional flexibility and potentially attracting more capital inflow.
- Transaction Timeline: The transaction is expected to close around April 29, 2026, allowing Climb Bio ample time to utilize the raised funds for research and market expansion initiatives.
- Market Reaction: Following the announcement of the financing, Climb Bio's shares rose by 8% in premarket trading, reflecting investor optimism regarding the company's growth potential.








