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Janux Therapeutics Receives $10M Milestone Payment from Merck for Advancing Cancer Therapy Collaboration

Janux Therapeutics Inc. (NASDAQ:JANX) is one of the best small cap stocks with biggest upside potential. On August 5, Janux Therapeutics announced a clinical milestone in its collaboration with Merck & Co. Inc. (NYSE:MRK), with the first patient being dosed in a lead program from their partnership. This achievement triggered a $10 million milestone payment to Janux.

The collaboration, which was established in December 2020, makes Janux eligible for additional development and commercial milestone payments, as well as royalties. Janux Therapeutics’ platforms are engineered to selectively modulate immune cells to fight cancer. A T cell engager is a type of bispecific antibody that brings T cells (a type of immune cell) and cancer cells into proximity, enabling the T cells to kill the cancer cells more effectively.

A rack of test tubes and beakers being stirred in a laboratory, as researchers analyze the data.

Janux’s technology is designed to overcome limitations of traditional T-cell engagers by being activated only within the tumor microenvironment, which aims to reduce toxicity and improve efficacy. Janux currently has two TRACTr candidates in Phase 1 clinical trials: JANX007, which targets prostate-specific membrane antigen/PSMA, and JANX008, which targets epidermal growth factor receptor/EGFR.

Janux Therapeutics Inc. (NASDAQ:JANX) is a clinical-stage biopharmaceutical company that develops immunotherapies based on Tumor Activated T Cell Engager/TRACTr and Tumor Activated Immunomodulator/TRACIr platforms technology to treat patients with cancer.

Merck & Co. Inc. (NYSE:MRK) is a healthcare company that operates through 2 segments: Pharmaceutical and Animal Health.

While we acknowledge the potential of JANX to grow, our conviction lies in the belief that some AI stocks hold greater promise for delivering higher returns and have limited downside risk. If you are looking for an AI stock that is more promising than JANX and that has 100x upside potential, check out our report about this cheapest AI stock.

READ NEXT: 30 Stocks That Should Double in 3 Years and 11 Hidden AI Stocks to Buy Right Now.

Disclosure: None. This article is originally published at Insider Monkey.

The $250 Trillion AI Hype is Real. A few years from now, you’ll probably wish you’d bought this stock.

When Jeff Bezos said that one breakthrough technology would shape Amazon’s destiny, even Wall Street’s biggest analysts were caught off guard.

Fast forward a year and Amazon’s new CEO Andy Jassy described generative AI as a “once-in-a-lifetime” technology that is already being used across Amazon to reinvent customer experiences.

At the 8th Future Investment Initiative conference, Elon Musk predicted that by 2040 there would be at least 10 billion humanoid robots, with each priced between $20,000 and $25,000.

Do the math. According to Musk, this technology could be worth $250 trillion by 2040.

Put another way, that’s roughly equal to:

  • 175 Teslas
  • 107 Amazons
  • 140 Metas
  • 84 Googles
  • 65 Microsofts
  • And 55 Nvidias

And here’s the wild part — this $250 trillion wave isn’t tied to one company, but to an entire ecosystem of AI innovators set to reshape the global economy.

It’s a leap so massive, it could reshape how businesses, governments, and consumers operate worldwide.

Even if that $250 trillion figure sounds ambitious, major firms like PwC and McKinsey still see AI unlocking multi-trillion-dollar potential.

How could anything be worth that much?

The answer lies in a breakthrough so powerful it’s redefining how humanity works, learns, and creates.

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What most investors don’t realize is that one under-owned company holds the key to this $250 trillion revolution.

In fact, Verge argues this company’s supercheap AI technology should concern rivals.

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  • Bill Gates sees artificial intelligence as the “biggest technological advance in my lifetime,” more transformative than the internet or personal computer, capable of improving healthcare, education, and addressing climate change.
  • Larry Ellison — through Oracle, is spending billions on Nvidia chips and partnering with Cohere to embed generative AI across Oracle’s cloud and apps.
  • Warren Buffett — not known for tech hype — says this breakthrough could have a ‘hugely beneficial social impact.

When billionaires from Silicon Valley to Wall Street line up behind the same idea — you know it’s worth paying attention to.

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