HOPKINTON, Mass., Feb. 15, 2017 (GLOBE NEWSWIRE) -- Spring Bank Pharmaceuticals, Inc. (Nasdaq:SBPH), a clinical-stage biopharmaceutical company developing novel therapeutics for the treatment of viral infections, cancer, and inflammatory diseases, today provided an update on recent corporate and clinical developments and reported financial results for the fourth quarter and full year ended December 31, 2016.
“Spring Bank reported a number of significant events in 2016, including financings that generated gross proceeds to us of approximately $32 million; the initiation in June 2016 of our Phase 2a ACHIEVE clinical trial involving our lead product candidate, SB 9200, an orally-available selective immunomodulator for the treatment of chronic hepatitis B virus (HBV); entering into two development partnerships for SB 9200; and advancing preclinical studies for SB 11285, our novel STING (STimulator of INterferon Genes) agonist product candidate,” said Martin Driscoll, President and Chief Executive Officer of Spring Bank Pharmaceuticals, Inc.
