Cue Biopharma, Inc.
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Range $2 – $7
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About the company
Cue Biopharma, Inc. is a clinical-stage biopharmaceutical enterprise focused on creating biological therapies. Its central objective is the precise manipulation of the human immune system to address a spectrum of severe conditions, such as various cancers, chronic infectious diseases, and autoimmune disorders.
- CEO
- Shao-Lee Lin
- IPO
- 2018
- Employees
- 29
- HQ
- Boston, MA, US
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Similar companies
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- Market Cap
- $64.67M
- P/E
- -0.91
- PEG
- 0.00
- P/S
- 1.72
- P/B
- 67.55
- EV/EBITDA
- -0.53
- Div Yield
- 0.00%
- Gross Margin
- 99.69%
- Op Margin
- -261.97%
- Net Margin
- -435.83%
- ROE
- -1032.19%
- ROIC
- -887.33%
Latest fiscal year · YoY change
- Revenue
- $27.47M+195.7%
- Gross Profit
- $27.47M+195.7%
- Op Income
- $-26,521,000
- Net Income
- $-26,602,000+34.6%
- EPS
- $-8.40+61.1%
- OCF Growth
- +40.3%
- FCF Growth
- +39.9%
- 52W High
- $45.50
- 52W Low
- $4.98
- 50D MA
- $29.36
- 200D MA
- $18.45
- Beta
- 2.47
- RSI (14)
- 41
- Avg Volume
- 143.29K
Earnings call summaries
Pick a quarter — each call distilled into takeaways, results, and a bull vs bear read.
Cue Biopharma said it is shifting resources toward autoimmune programs while waiting for oncology survival data to mature, as CUE-101 continues to show encouraging response and survival trends.· August 19, 2024
- CUE-101 combination data in frontline HPV+ head and neck cancer continued to mature, with ORR of 46% in CPS >= 1 patients and 50% in CPS 1-19 patients.
- Management highlighted survival metrics as the key differentiator: 12-month OS of 90% and median OS of 21.8 months in CPS >= 1 patients, with CPS-high patients at 100% 12-month OS and median OS not yet reached.
- CUE-101 monotherapy in second line-plus showed median OS of 24.8 months at 2 mg/kg and 20.8 months at 4 mg/kg, which management contrasted with historical checkpoint inhibitor survival.
- The company cut annual cash burn from about $40 million to about $30 million and said runway extends to mid-2025, while avoiding a large dilutive financing.
- Autoimmune programs remained a major focus: CUE-401 lead selection is expected in Q1 of next year, and CUE-501 is being positioned for strategic partnering.
The call did not provide revenue, EPS, gross margin, or other standard quarterly financial metrics. On the clinical side, management said CUE-101 combination therapy in first-line recurrent/metastatic HPV+ head and neck cancer produced an objective response rate of 46% in CPS >= 1 patients, including 10 confirmed partial responses and 1 confirmed complete response among 24 evaluable patients. In CPS 1-19 patients, ORR was 50%; median PFS was 5.8 months; 12-month OS was 90%; and median OS was 21.8 months. In CPS >= 20 patients, 12-month OS was 100% and median OS had not yet been reached. For CUE-101 monotherapy in the second line-plus setting, median OS was 24.8 months at 2 mg/kg and 20.8 months at 4 mg/kg. Management also cited historical comparator figures from KEYNOTE-048 and checkpoint inhibitor benchmarks, including pembrolizumab monotherapy ORR of 19%, 12.3-month median OS, and 51% 12-month OS in CPS >= 1 patients. For CUE-102, management said no DLTs had been observed and that patients remained on treatment or active follow-up. Forward-looking guidance included CUE-401 lead candidate selection in Q1 of the coming year, additional CUE-101/CUE-102 updates at CITC in November, runway to mid-2025, and burn reduced to about $30 million per year.
Dan Passeri framed the quarter around a strategic reset: reduce capital needs, let oncology data mature, and lean into partnerships to fund autoimmune development. He said the company believes its platform can restore immune balance in cancer and autoimmune disease, and described CUE-101 survival data as potentially supportive of a new standard of care. His tone was measured but optimistic, with repeated emphasis on partnering, prudence, and preserving optionality while avoiding highly dilutive financing.
No formal CFO remarks were provided, but management gave financial detail during the prepared remarks and Q&A. Dan Passeri said the company extended runway to mid-2025 and reduced annual cash burn from about $40 million to about $30 million per year. He said partnering could bring upfront and milestone payments plus sponsored FTE support to further lower burn, and stressed the company is aiming to keep dilution minimal and any future capital raise modest if needed.
Analysts focused heavily on CUE-501 trafficking, CMV positivity, and whether the program would need screening in a Phase 1 study; Anish Suri said CMV positivity is roughly 65% to 70%, noted the platform can also use other viral epitopes, and said Immuno-STATs have shown tissue penetration in prior imaging work. Questions also probed whether better-matured survival data could attract strategic interest for CUE-101; Passeri said partners are already watching the data and that survival should be more dispositive than response rates alone. On the financial side, management explained that 401 milestones with Ono and a potential 501 partnership are intended to bridge the company to later milestones without a large dilutive raise.
The bull case from this call is that CUE-101 is now showing not just response-rate improvement but also potentially differentiated survival data, which management believes could matter more to partners and investors. The autoimmune pipeline also looks increasingly tangible, with 401 moving toward lead selection and 501 positioned as a potentially differentiated, lower-toxicity B-cell depletion approach.
The main risks are that the company is still dependent on future partnering and milestone payments, and management acknowledged it may need additional capital, even if only a modest amount. The oncology data remain non-randomized and still maturing, and management itself noted that comparators and emerging competitive data in head and neck cancer should be viewed cautiously until more mature survival results are available.
AI summary of the company's earnings call · Paraphrased · Not investment advice
- Free Float
- 99.2%
- Shares Outstanding
- 2.63M
- Float Shares
- 2.61M
of shares held by institutions
54 13F filers
Buy/sell ratio 2.33. Sells can include pre-scheduled 10b5-1 plan sales, not just discretionary selling.
Top institutional holders
Largest 13F positions, with quarter-over-quarter change.
| Holder | Shares | Δ Quarter |
|---|---|---|
| Vanguard Group Inc | 3.01M | ▼ 25.29K |
| Bleichroeder LP | 370.68K | ▼ 6.45M |
| Driehaus Capital Management LLC | 292.14K | ▲ 292.14K |
| Vanguard Capital Management LLC | 161.70K | ▼ 2.30M |
| Ikarian Capital, LLC | 104.36K | ▲ 104.36K |
| Tfg Asset Management Gp Ltd | 93.82K | ▲ 93.82K |
| Stempoint Capital LP | 67.00K | ▲ 67.00K |
| Blackrock, Inc. | 57.81K | ▼ 391.35K |
| Adar1 Capital Management, LLC | 55.19K | ▲ 55.19K |
| Lion Point Capital, LP | 52.93K | ▼ 2.15M |
| Diadema Partners LP | 48.37K | ▼ 83.63K |
| Geode Capital Management, LLC | 47.82K | ▼ 1.02M |
Held by 32 ETFs
Biggest fund positions in CUE by dollar value.
Recent insider transactions
Who's buying, who's selling, and how much.
| Date | Insider | Type | Shares |
|---|---|---|---|
| Aug 13, 26 | Ray Sumita | other | 18,196 |
| Aug 13, 26 | Ray Sumita | sell | 2,383 |
| Aug 13, 26 | Ray Sumita | sell | 6,442 |
| Aug 13, 26 | Ray Sumita | sell | 4 |
| Aug 13, 26 | Ray Sumita | other | 18,196 |
| Aug 13, 26 | Meluzio Michael Vincent | other | 13,647 |
| Aug 13, 26 | Meluzio Michael Vincent | sell | 1,519 |
| Aug 13, 26 | Meluzio Michael Vincent | sell | 4,106 |
| Aug 13, 26 | Meluzio Michael Vincent | sell | 3 |
| Aug 13, 26 | Meluzio Michael Vincent | other | 13,647 |
A “Sell” may be a pre-scheduled 10b5-1 plan sale rather than a discretionary decision — read insider selling with that in mind.
Our CUE coverage
Recent articles, reports, and earnings notes.
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Generate CUE report →Cue Biopharma Reports Second Quarter 2026 Financial Results and Recent Business Highlights
globenewswire.com · Aug 14
Cue Biopharma Announces Appointment of James M. Ahlers as Chief Financial Officer and CUE-221 Investigational New Drug Submission
globenewswire.com · Aug 3
Cue Biopharma Appoints Dominic Borie, M.D., Ph.D., as Chief Medical Officer and Head of Research & Development
globenewswire.com · Jul 13
Cue Biopharma Announces $50.0 Million Private Placement
globenewswire.com · Jul 9
Cue Biopharma Announces Board Transition and Addition of New Directors with Continued Company Evolution
globenewswire.com · Jun 2
Cue Biopharma to Present at the 2026 Jefferies Global Healthcare Conference
globenewswire.com · May 21
Cue Biopharma Reports First Quarter 2026 Financial Results and Recent Strategic Developments
globenewswire.com · May 14
Cue Biopharma Reports Inducement Grants Under Nasdaq Listing Rule 5635(c)(4)
globenewswire.com · May 7
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