CMPX Compass Therapeutics, Inc.

BULLISH Impact: 7/10 8-K
Horizon months Filed Apr 27, 2026 Processed 1mo ago SEC 0001171843-26-002720
8-K context-dependent: Items 7.01, 8.01
Latest settled — T+20d ⚠ clustered
CMPX ▲ +22.91% at T+20d
LONG call ✓ call won +22.91% · α vs SPY +17.95% · entry $1.79 → $2.20
Next anchor: T+60d in 5w
Last close $2.03 (close Jun 12) · +13.41% from $1.79 entry
Entry anchored
Apr 27, 07:23 AM ET
via Databento tick
T+1d
+2.79%
call +2.79% · α +3.28%
$1.84
settled 7w ago
T+5d
+8.38%
call +8.38% · α +7.98%
$1.94
settled 6w ago
T+20d
+22.91%
call +22.91% · α +17.95%
$2.20
settled 20d ago
T+60d
call — · α —
in 5w

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Executive Summary

Compass Therapeutics announced positive Phase 2/3 trial data for tovecimig in biliary tract cancer, showing statistically significant improvements in overall response rate and progression-free survival, though overall survival was not met due to high crossover. The company plans to meet with the FDA for a potential Biologics License Application.

Actionable Insight

Monitor upcoming FDA meeting and potential BLA submission timeline, as the positive PFS data could support accelerated approval despite the OS crossover issue.

Key Facts

  • Tovecimig combination achieved 17.1% ORR vs 5.3% for paclitaxel alone (p=0.031)
  • Statistically significant improvement in median PFS: 4.7 months vs 2.6 months (HR=0.44, p<0.0001)
  • OS endpoint not met due to 54% crossover rate from control arm
  • Crossover patients showed significantly improved median OS of 12.8 months vs 6.1 months for non-crossover patients
  • Tovecimig was generally well tolerated with no new safety signals

Financial Impact

Potential for accelerated approval pathway and future commercialization

revenuedilutiondebt

Risk Factors

  • FDA may require additional data beyond PFS for approval
  • High crossover rate complicates overall survival interpretation

Market Snapshot

Exchange
Nasdaq
Sector
Biological Products, (No Diagnostic Substances)
Analyst Consensus
95% bullish (22 analysts)

Documents Analyzed

This report is based on 6 SEC documents filed with EDGAR.

DocumentAccession Number
8-K Filing (Primary)0001171843-26-002720
Exhibit: exh_992.htm0001171843-26-002720
Exhibit: exh_991.htm0001171843-26-002720
Document: 0001171843-26-002720-index-headers.html0001171843-26-002720
Document: 0001171843-26-002720-index.html0001171843-26-002720
Document: 0001171843-26-002720.txt0001171843-26-002720
8 reports for CMPX
Performance horizon
100% Hit rate 3 of 3 directional calls best @ T+20▲ +22.91%Apr 27, 2026
Filters
Rows
Reports for CMPX — sortable, filterable
Type Now
Jun 11, 2026
3d ago
Institutional Cluster
MIXED ★ 4/10
$2.00 awaiting T+5awaiting T+5$2.03 (+1.50%)
May 21, 2026
24d ago
Press Release
BULLISH ★ 7/10
$2.07 $2.22▲ +7.25%▲ +5.57%$2.03 (−1.93%)
May 5, 2026
5w ago
8-K
BULLISH ★ 7/10
$1.95 $1.83▼ −6.15%▼ −8.14%$2.03 (+4.10%)
Apr 29, 2026
6w ago
DEFA14A
NEUTRAL ★ 4/10
$1.67 $1.95▲ +16.77%▲ +13.66%$2.03 (+21.56%)
Apr 27, 2026
6w ago
8-K
BULLISH ★ 7/10
$1.79 $1.94▲ +8.38%▲ +7.98%$2.03 (+13.41%)
Apr 27, 2026
6w ago
Press Release
BULLISH ★ 8/10
$1.79 $1.94▲ +8.38%▲ +7.98%$2.03 (+13.41%)
Apr 24, 2026
7w ago
Press Release
NEUTRAL ★ 5/10
$1.79 $1.94▲ +8.38%▲ +7.98%$2.03 (+13.41%)
Mar 5, 2026
14w ago
8-K / PRESS-RELEASE
MIXED ★ 7/10
$5.53 $5.19▼ −6.15%▼ −3.91%$2.03 (−63.29%)
Showing 8 of 8

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