PDS Biotechnology Corporation, a clinical-stage biopharmaceutical company, focuses on developing multifunctional cancer immunotherapies. Its lead product candidate is PDS0101 (HPV16), which is in Phase II clinical trial provides a first line treatment for the recurrent/metastatic head and neck cancer, human papillomavirus associated malignancies, and cervical cancer. The company is also developing various product candidates, which are in preclinical trials, including PDS0102 T-cell receptor gamma alternate reading frame protein (TARP) for treating prostate and breast cancers; PDS0103 (MUC-1) for ovarian, colorectal, lung, and breast cancers; and PDS0104, which include Tyrosinase-related protein 2 for the treatment of melanoma. In addition, it is developing PDS0201 for treating tuberculosis; PDS0202, an influenza vaccine candidate; and PDS0203, a vaccine for the prevention of COVID-19. The company has a license and collaboration agreements with National Institutes of Health, Merck Eprova AG, The U.S. Department of Health and Human Services, and MSD International GmbH. PDS Biotechnology Corporation was founded in 2005 and is based in Florham Park, New Jersey.
PDS Biotech Reports Second Quarter 2026 Financial Results
PDS Biotech reported a Q2 net loss of $9.8 million, or $0.18 per share, with R&D expenses dropping to $3.3 million and G&A expenses to $3.2 million.
The company announced a strategic refocus to prioritize PDS0301, discontinuing the Phase 3 VERSATILE-003 trial for PDS0101 and seeking external partners for the latter program.
Financial position remains critical, with a cash balance of $5.6 million and negative working capital of $5.3 million as of June 30, 2026.