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Affimed (AFMD) investor relations material
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Affimed Leerink’s Global Healthcare Conference 2025 summary
Complete event summary combining all related documents: earnings call transcript, report, and slide presentation.Leerink’s Global Healthcare Conference 2025 summary11 Mar, 2025
Leadership and strategic direction
New CEO with extensive experience in biotech fundraising, public offerings, and clinical development, having led multiple companies through significant financing and clinical milestones.
Pipeline prioritization is a key focus, with decisions influenced by investor input and commercial potential of each asset.
AFM24 and AFM28 are receiving the most attention from investors and partners due to promising data and large unmet needs.
Acimtamig may be deprioritized due to its smaller commercial potential, though it remains a topic in partnering discussions.
Investor and partner interests are aligned, with both groups seeking late-phase, differentiated programs.
Clinical program updates and data
AFM24 in combination with atezolizumab shows a 21% ORR and 5.6 months PFS in EGFR wild type NSCLC, and 24% ORR with similar PFS in EGFR mutant patients.
Higher exposure to AFM24 correlates with improved efficacy across ORR, PFS, and OS, prompting a move to a 720 mg dose cohort, pending regulatory approval.
Next AFM24 cohort will exclude prior taxane exposure to potentially enrich for better PFS outcomes.
AFM28 in AML has shown a 40% composite CR rate at 300 mg, with response durations of 2.5–6.5 months, outperforming recent regulatory benchmarks.
Dose escalation for AFM28 continues, with further data expected 6–9 months after enrolling the next cohort.
Differentiation and competitive positioning
NK cell engager approach enables a wider therapeutic index, reducing toxicity compared to T-cell engagers, CAR-Ts, and ADCs targeting CD123.
AFM24 and AFM28 demonstrate lower on-target toxicity, with no typical EGFR-related skin or mucosal side effects.
Both programs are seen as optimal for difficult targets with narrow therapeutic windows, validated by similar approaches from competitors.
Acimtamig, in combination with Artiva’s NK cells, maintains high CR and ORR rates in double refractory Hodgkin’s lymphoma, with durability data pending.
Commercial viability and scalability are prioritized in development decisions, especially regarding NK cell sourcing and dosing regimens.
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Frequently asked questions
Affimed N.V., a clinical-stage biopharmaceutical company, focuses on discovering and developing cancer immunotherapies in the United States, Europe, and Germany. The company operates through two segments, Affimed Therapeutics, and Redoxa GmbH. It develops therapies based on its proprietary TandAb platform to unleash the innate power of the immune system by harnessing the functionality of natural killer cells and T-cells for the treatment of cancer.
The company has strategic partnerships with Genentech Inc.; Merck KGaA and Pfizer Inc.; Novartis Institutes for BioMedical Research, Inc.; Celgene Corporation; Bayer Pharma AG; MorphoSys AG; Incyte Corporation; Amgen Inc.; Hoffmann-La Roche ltd; Sanofi S.A.; and Bristol-Myers Squibb Company. Affimed N.V. was founded in 2000 and is headquartered in Heidelberg, Germany
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