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   <title>Form  25-NSE     IO Biotech, Inc.                       Filed by: Nasdaq Stock Market LLC</title>
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   <title>Form  25-NSE     IO Biotech, Inc.                       Filed by: Nasdaq Stock Market LLC</title>
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   <title>Form  SCHEDULE 13D/A  IO Biotech, Inc.                       Filed by: Lundbeckfond Invest A/S</title>
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   <title>Form  SCHEDULE 13D/A  IO Biotech, Inc.                       Filed by: Lundbeckfond Invest A/S</title>
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   <title>Form  SCHEDULE 13G/A  IO Biotech, Inc.                       Filed by: Chernett Jorey</title>
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   <title>Form  SCHEDULE 13G/A  IO Biotech, Inc.                       Filed by: Point72 Asset Management, L.P.</title>
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   <title>Form  SCHEDULE 13G/A  IO Biotech, Inc.                       Filed by: Point72 Asset Management, L.P.</title>
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   <title>Advancing Drug Pipelines Drive Biotech Valuations as Scientific Progress Gains Financial Recognition</title>
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&lt;p&gt;AUSTIN, Texas, April  22, 2026  (GLOBE NEWSWIRE) -- &lt;a target=&quot;_blank&quot; href=&quot;https://www.globenewswire.com/Tracker?data=fhktGMAc-YB8CA0Ov1Oayzf1xhnRI1_P2ocPmQDq0oZMFZs93VPW-0nX2AoZLMxpNsmGfNCCdHob5lRV2LFvT4_ZFAZd0THf1smoaVoIk6BRW86-qLxyaiHY_UvEA2--LWapUn5t-yI-Ujbf5eg3164eycLOmtE6il6mBvSmBjS2EAIxD0Rs8pPaV9FgoYe9IqNUeL0pAWfWEd5oFEk37InMLSR3xVidVCSAxDP9NNZ3Z-QsI5fVGiPPLFS1Kq_Vt_3IdFk9d3l50ZqYbIl6M-Ow5fNp_I9a-5QjUO6zhSaAZS55PJX9EodGQzpOehfq&quot; rel=&quot;nofollow&quot; target=&quot;_blank&quot;&gt;BioMedWire Editorial Coverage&lt;/a&gt;: The biotechnology industry is experiencing a subtle yet meaningful transformation that is redefining how value is interpreted within a sector long associated with extended development cycles and inherent uncertainty. As therapeutic candidates advance toward commercialization, scientific achievement is no longer viewed purely as an expense tied to research and development but rather as something that can be quantified as a financial asset. This transition is &lt;a target=&quot;_blank&quot; href=&quot;https://www.globenewswire.com/Tracker?data=Tj_59AWfKmWrcNIjgKv_IcQvml_wBRJCLCVZDxC-TidBIS-ypgAR7D3--3meCxuE34GXA30-avCMdLDXJSHg-g==&quot; rel=&quot;nofollow&quot; target=&quot;_blank&quot;&gt;supported&lt;/a&gt; by fair-value accounting principles under U.S. GAAP, which enable life sciences companies to</description>
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   <title>Advancing Drug Pipelines Drive Biotech Valuations as Scientific Progress Gains Financial Recognition</title>
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&lt;p&gt;AUSTIN, Texas, April  22, 2026  (GLOBE NEWSWIRE) -- &lt;a target=&quot;_blank&quot; href=&quot;https://www.globenewswire.com/Tracker?data=fhktGMAc-YB8CA0Ov1Oayzf1xhnRI1_P2ocPmQDq0oZMFZs93VPW-0nX2AoZLMxpNsmGfNCCdHob5lRV2LFvT4_ZFAZd0THf1smoaVoIk6BRW86-qLxyaiHY_UvEA2--LWapUn5t-yI-Ujbf5eg3164eycLOmtE6il6mBvSmBjS2EAIxD0Rs8pPaV9FgoYe9IqNUeL0pAWfWEd5oFEk37InMLSR3xVidVCSAxDP9NNZ3Z-QsI5fVGiPPLFS1Kq_Vt_3IdFk9d3l50ZqYbIl6M-Ow5fNp_I9a-5QjUO6zhSaAZS55PJX9EodGQzpOehfq&quot; rel=&quot;nofollow&quot; target=&quot;_blank&quot;&gt;BioMedWire Editorial Coverage&lt;/a&gt;: The biotechnology industry is experiencing a subtle yet meaningful transformation that is redefining how value is interpreted within a sector long associated with extended development cycles and inherent uncertainty. As therapeutic candidates advance toward commercialization, scientific achievement is no longer viewed purely as an expense tied to research and development but rather as something that can be quantified as a financial asset. This transition is &lt;a target=&quot;_blank&quot; href=&quot;https://www.globenewswire.com/Tracker?data=Tj_59AWfKmWrcNIjgKv_IcQvml_wBRJCLCVZDxC-TidBIS-ypgAR7D3--3meCxuE34GXA30-avCMdLDXJSHg-g==&quot; rel=&quot;nofollow&quot; target=&quot;_blank&quot;&gt;supported&lt;/a&gt; by fair-value accounting principles under U.S. GAAP, which enable life sciences companies to</description>
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   <title>Advancing Drug Pipelines Drive Biotech Valuations as Scientific Progress Gains Financial Recognition</title>
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&lt;p&gt;AUSTIN, Texas, April  22, 2026  (GLOBE NEWSWIRE) -- &lt;a target=&quot;_blank&quot; href=&quot;https://www.globenewswire.com/Tracker?data=fhktGMAc-YB8CA0Ov1Oayzf1xhnRI1_P2ocPmQDq0oZMFZs93VPW-0nX2AoZLMxpNsmGfNCCdHob5lRV2LFvT4_ZFAZd0THf1smoaVoIk6BRW86-qLxyaiHY_UvEA2--LWapUn5t-yI-Ujbf5eg3164eycLOmtE6il6mBvSmBjS2EAIxD0Rs8pPaV9FgoYe9IqNUeL0pAWfWEd5oFEk37InMLSR3xVidVCSAxDP9NNZ3Z-QsI5fVGiPPLFS1Kq_Vt_3IdFk9d3l50ZqYbIl6M-Ow5fNp_I9a-5QjUO6zhSaAZS55PJX9EodGQzpOehfq&quot; rel=&quot;nofollow&quot; target=&quot;_blank&quot;&gt;BioMedWire Editorial Coverage&lt;/a&gt;: The biotechnology industry is experiencing a subtle yet meaningful transformation that is redefining how value is interpreted within a sector long associated with extended development cycles and inherent uncertainty. As therapeutic candidates advance toward commercialization, scientific achievement is no longer viewed purely as an expense tied to research and development but rather as something that can be quantified as a financial asset. This transition is &lt;a target=&quot;_blank&quot; href=&quot;https://www.globenewswire.com/Tracker?data=Tj_59AWfKmWrcNIjgKv_IcQvml_wBRJCLCVZDxC-TidBIS-ypgAR7D3--3meCxuE34GXA30-avCMdLDXJSHg-g==&quot; rel=&quot;nofollow&quot; target=&quot;_blank&quot;&gt;supported&lt;/a&gt; by fair-value accounting principles under U.S. GAAP, which enable life sciences companies to</description>
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   <title>Advancing Drug Pipelines Drive Biotech Valuations as Scientific Progress Gains Financial Recognition</title>
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&lt;p&gt;AUSTIN, Texas, April  22, 2026  (GLOBE NEWSWIRE) -- &lt;a target=&quot;_blank&quot; href=&quot;https://www.globenewswire.com/Tracker?data=fhktGMAc-YB8CA0Ov1Oayzf1xhnRI1_P2ocPmQDq0oZMFZs93VPW-0nX2AoZLMxpNsmGfNCCdHob5lRV2LFvT4_ZFAZd0THf1smoaVoIk6BRW86-qLxyaiHY_UvEA2--LWapUn5t-yI-Ujbf5eg3164eycLOmtE6il6mBvSmBjS2EAIxD0Rs8pPaV9FgoYe9IqNUeL0pAWfWEd5oFEk37InMLSR3xVidVCSAxDP9NNZ3Z-QsI5fVGiPPLFS1Kq_Vt_3IdFk9d3l50ZqYbIl6M-Ow5fNp_I9a-5QjUO6zhSaAZS55PJX9EodGQzpOehfq&quot; rel=&quot;nofollow&quot; target=&quot;_blank&quot;&gt;BioMedWire Editorial Coverage&lt;/a&gt;: The biotechnology industry is experiencing a subtle yet meaningful transformation that is redefining how value is interpreted within a sector long associated with extended development cycles and inherent uncertainty. As therapeutic candidates advance toward commercialization, scientific achievement is no longer viewed purely as an expense tied to research and development but rather as something that can be quantified as a financial asset. This transition is &lt;a target=&quot;_blank&quot; href=&quot;https://www.globenewswire.com/Tracker?data=Tj_59AWfKmWrcNIjgKv_IcQvml_wBRJCLCVZDxC-TidBIS-ypgAR7D3--3meCxuE34GXA30-avCMdLDXJSHg-g==&quot; rel=&quot;nofollow&quot; target=&quot;_blank&quot;&gt;supported&lt;/a&gt; by fair-value accounting principles under U.S. GAAP, which enable life sciences companies to</description>
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   <title>Advancing Drug Pipelines Drive Biotech Valuations as Scientific Progress Gains Financial Recognition</title>
   <link>http://www.streetinsider.com/Press+Releases/Advancing+Drug+Pipelines+Drive+Biotech+Valuations+as+Scientific+Progress+Gains+Financial+Recognition/26347871.html</link>
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&lt;p&gt;AUSTIN, Texas, April  22, 2026  (GLOBE NEWSWIRE) -- &lt;a target=&quot;_blank&quot; href=&quot;https://www.globenewswire.com/Tracker?data=fhktGMAc-YB8CA0Ov1Oayzf1xhnRI1_P2ocPmQDq0oZMFZs93VPW-0nX2AoZLMxpNsmGfNCCdHob5lRV2LFvT4_ZFAZd0THf1smoaVoIk6BRW86-qLxyaiHY_UvEA2--LWapUn5t-yI-Ujbf5eg3164eycLOmtE6il6mBvSmBjS2EAIxD0Rs8pPaV9FgoYe9IqNUeL0pAWfWEd5oFEk37InMLSR3xVidVCSAxDP9NNZ3Z-QsI5fVGiPPLFS1Kq_Vt_3IdFk9d3l50ZqYbIl6M-Ow5fNp_I9a-5QjUO6zhSaAZS55PJX9EodGQzpOehfq&quot; rel=&quot;nofollow&quot; target=&quot;_blank&quot;&gt;BioMedWire Editorial Coverage&lt;/a&gt;: The biotechnology industry is experiencing a subtle yet meaningful transformation that is redefining how value is interpreted within a sector long associated with extended development cycles and inherent uncertainty. As therapeutic candidates advance toward commercialization, scientific achievement is no longer viewed purely as an expense tied to research and development but rather as something that can be quantified as a financial asset. This transition is &lt;a target=&quot;_blank&quot; href=&quot;https://www.globenewswire.com/Tracker?data=Tj_59AWfKmWrcNIjgKv_IcQvml_wBRJCLCVZDxC-TidBIS-ypgAR7D3--3meCxuE34GXA30-avCMdLDXJSHg-g==&quot; rel=&quot;nofollow&quot; target=&quot;_blank&quot;&gt;supported&lt;/a&gt; by fair-value accounting principles under U.S. GAAP, which enable life sciences companies to</description>
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   <pubDate>Wed, 22 Apr 2026 08:30:00 -0400</pubDate>
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