STOCK TITAN

Greenwich LifeSciences Provides Update on Increased Patient Screen Rate in FLAMINGO-01

Greenwich LifeSciences (Nasdaq: GLSI) reported an increased patient screen rate in its Phase III trial FLAMINGO-01 for GLSI-100.

(Neutral)
Tags

Greenwich LifeSciences (Nasdaq: GLSI) reported an increased patient screen rate in its Phase III trial FLAMINGO-01 for GLSI-100. The annualized screening rate rose to over 800 patients per year, a ~33% increase from the prior 600 per year.

The company recorded ~200 patients screened per quarter across US and EU sites, attributing the rise to new sites activated in 2025 and stronger momentum at existing sites.

Loading...
Loading translation...

Positive

  • Annual screen rate +33% to over 800 patients per year
  • Quarterly peak of ~200 patients screened in the past 6 months
  • New sites activated in 2025 contributing to higher enrollment

Negative

  • None.
Argus Mar 3 session
-0.47% close to close Open Argus
Details

News Market Reaction – GLSI

In the Mar 3 session, GLSI declined 0.47%, reflecting a mild negative market reaction.

Data tracked by StockTitan Argus on the day of publication.

Market Context

This announcement underscores operational momentum in FLAMINGO-01, with screening rising to over 800...
Analysis

This announcement underscores operational momentum in FLAMINGO-01, with screening rising to over 800 patients per year versus 600 previously. Combined with earlier updates on trial progress, financing via an ATM, and FDA clearance of commercial GP2 supply, GLSI has emphasized advancing GLSI-100 while managing resources. Investors may watch enrollment sustainability, future financing disclosures, and upcoming scientific presentations as key markers of execution and risk management.

Key Figures

Quarterly screening rate: approximately 200 patients per quarter Annual screening rate: over 800 patients per year Prior annual screen rate: 600 patients per year +2 more
Quarterly screening rate
approximately 200 patients per quarter
FLAMINGO-01 screening rate over past 6 months
Annual screening rate
over 800 patients per year
Current FLAMINGO-01 annual patient screen rate
Prior annual screen rate
600 patients per year
Previously reported FLAMINGO-01 annual screen rate
Screen rate increase
approximately 33% increase
Increase vs prior annual screen rate
Measurement period
6 months
Period over which highest screening rate was achieved

Historical Context

5 past events · Latest: Feb 24
5 events
  1. Feb 24

    Conference abstracts

    24h Move
    +9.6%

    AACR 2026 acceptance of two abstracts and posters for GLSI-100.

  2. Jan 27

    Cash & financing update

    24h Move
    +9.6%

    Disclosure that 2025 ATM sales exceeded cash burn and boosted cash levels.

  3. Jan 22

    FDA trial supply OK

    24h Move
    +5.7%

    FDA approval of commercially manufactured GP2 use in FLAMINGO-01 trial.

  4. Dec 29

    Insider lock-up extension

    24h Move
    +19.8%

    Board extended director/officer lock-up to support FLAMINGO-01 and alignment.

  5. Dec 22

    Trial & strategy update

    24h Move
    +2.7%

    Expanded FLAMINGO-01 site network, protocol plans, and ATM-funded strategy.

24h Move is the share-price change in the day after each event; other market factors may also have contributed.

Key Terms

phase iii, fast track, immunotherapy
3 terms
phase iii medical
"a clinical-stage biopharmaceutical company focused on its Phase III clinical trial, FLAMINGO-01"
A Phase III trial is the late-stage clinical study that tests whether a medical treatment works and is safe in a large group of patients, often comparing it to standard care. Think of it as a final dress rehearsal or full-scale road test before regulators decide on approval; positive or negative results strongly influence a drug maker’s chance to sell the treatment, future revenue, and investment risk.
fast track regulatory
"which is evaluating Fast Track designated GLSI-100, an immunotherapy to prevent"
A fast track designation is a regulatory label that speeds up the review and communication between a drug developer and regulators for treatments addressing serious illnesses or unmet medical needs. For investors, it matters because it can shorten development time and reduce regulatory delays—like getting a VIP lane at the airport—raising the chance of earlier market access and potential revenue, though it does not guarantee approval.
immunotherapy medical
"GLSI-100, an immunotherapy to prevent breast cancer recurrences, today provided"
Treatment that uses or enhances the body’s immune system to detect and fight disease, most often cancers or chronic infections; think of it as training or arming the body’s own soldiers to find and destroy targets. It matters to investors because successful immunotherapies can lead to high-value drug approvals, recurring revenue from long-term treatments, and changes in competitive dynamics, while failures or safety issues in clinical trials can materially affect company valuations.

AI-generated analysis. How Rhea-AI works. Not financial advice.

See more from StockTitan in Google Search and AI answers. Adds StockTitan as a preferred source · opens Google
Add on Google

STAFFORD, Texas, March 03, 2026 (GLOBE NEWSWIRE) -- Greenwich LifeSciences, Inc. (Nasdaq: GLSI) (the "Company"), a clinical-stage biopharmaceutical company focused on its Phase III clinical trial, FLAMINGO-01, which is evaluating Fast Track designated GLSI-100, an immunotherapy to prevent breast cancer recurrences, today provided an update on the increased patient screen rate in FLAMINGO-01.

FLAMINGO-01 Annual Patient Screen Rate Increases to Over 800 Patients per Year

Over the past 6 months, the Company achieved its highest screening rate of approximately 200 patients per quarter or the equivalent of over 800 patients per year in the US and EU sites, which is an approximately 33% increase over the prior reported annual screen rate of 600 patients per year. This increase is attributable to the new sites activated in 2025 and the increased patient driven momentum at existing sites.

CEO Snehal Patel commented, "While the approximately 33% increase to over 800 patients screened per year is impressive, marking our success in optimizing and expanding our clinical operations in 2025, we may have yet to see the peak screen rate for the study."

About FLAMINGO-01 Open Label Phase III Data

More than 1,000 patients have been screened with a current screen rate of approximately 800 patients per year. The 250 patient non-HLA-A*02 arm is now fully enrolled, where all patients received GLSI-100, which is 5 times more treated patients and recurrence rate data than the approximately 50 patients treated in the Phase IIb trial. The Primary Immunization Series (PIS), which includes the first 6 GLSI-100 injections over the first 6 months and is required to reach peak protection, is followed by 5 booster injections given every 6 months to prolong the immune response, thereby providing longer-term protection.

  • In the non-HLA-A*02 arm, a preliminary analysis of recurrence rates after the PIS is completed shows an approximately 80% reduction in recurrence rate.
  • This observation is trending similarly to the Phase IIb trial results and hazard ratio where HLA-A*02 patients were treated and where breast cancer recurrences were reduced up to 80% compared to a 20-50% reduction in recurrence rate by other approved products.
  • The immune response at baseline prior to any GLSI-100 treatment, the increasing immune response during the PIS, and the safety profile of non-HLA-A*02 patients is trending similarly to the HLA-A*02 arms of FLAMINGO-01 and to the Phase IIb study.

Analysis of the open label data from FLAMINGO-01 has been conducted in a manner that maintains the study blind. The open label recurrence rate, immune response, and safety data is based on the patients enrolled to date in FLAMINGO-01 and the data provided by the clinical sites so far, which is not completed or fully reviewed, and is thus preliminary. While comparing any preliminary FLAMINGO-01 data to the Phase IIb clinical trial data may be possible, these preliminary results are not a prediction of future results, and the results at the end of the study may differ.

About GLSI-100 Phase IIb Study

In the prospective, randomized, single-blinded, placebo-controlled, multi-center (16 sites led by MD Anderson Cancer Center) Phase IIb clinical trial of HLA-A*02 breast cancer patients, 46 HER2/neu 3+ over-expressor patients were treated with GLSI-100, and 50 placebo patients were treated with GM-CSF alone. After 5 years of follow-up, there was an 80% or greater reduction in cancer recurrences in the HER2/neu 3+ patients who were treated with GLSI-100, followed, and remained disease free over the first 6 months, which we believe is the time required to reach peak immunity and thus maximum efficacy and protection. The Phase IIb results can be summarized as follows:

  • 80% or greater reduction in metastatic breast cancer recurrence rate over 5 years of follow-up with a peak immune response at 6 months and well-tolerated safety profile.
  • The PIS elicited a potent immune response as measured by local skin tests and immunological assays.

About FLAMINGO-01 and GLSI-100

FLAMINGO-01 (NCT05232916) is a Phase III clinical trial designed to evaluate the safety and efficacy of Fast Track designated GLSI-100 (GP2 + GM-CSF) in HER2 positive breast cancer patients who had residual disease or high-risk pathologic complete response at surgery and who have completed both neoadjuvant and postoperative adjuvant trastuzumab based treatment. The trial is led by Baylor College of Medicine and currently includes US and European clinical sites from university-based hospitals and academic and cooperative networks with plans to open up to 150 sites globally. In the double-blinded arms of the Phase III trial, approximately 500 HLA-A*02 patients are planned to be randomized to GLSI-100 or placebo, and up to 250 patients of other HLA types are planned to be treated with GLSI-100 in a third arm. The trial has been designed to detect a hazard ratio of 0.3 in invasive breast cancer-free survival, where 28 events will be required. An interim analysis for superiority and futility will be conducted when at least half of those events, 14, have occurred. This sample size provides 80% power if the annual rate of events in placebo-treated subjects is 2.4% or greater.

For more information on FLAMINGO-01, please visit the Company's website here and clinicaltrials.gov here. Contact information and an interactive map of the majority of participating clinical sites can be viewed under the "Contacts and Locations" section. Please note that the interactive map is not viewable on mobile screens. Related questions and participation interest can be emailed to: flamingo-01@greenwichlifesciences.com

About Breast Cancer and HER2/neu Positivity

One in eight U.S. women will develop invasive breast cancer over her lifetime, with approximately 300,000 new breast cancer patients and 4 million breast cancer survivors. HER2 (human epidermal growth factor receptor 2) protein is a cell surface receptor protein that is expressed in a variety of common cancers, including in 75% of breast cancers at low (1+), intermediate (2+), and high (3+ or over-expressor) levels.

About Greenwich LifeSciences, Inc.

Greenwich LifeSciences is a clinical-stage biopharmaceutical company focused on the development of GP2, an immunotherapy to prevent breast cancer recurrences in patients who have previously undergone surgery. GP2 is a 9 amino acid transmembrane peptide of the HER2 protein, a cell surface receptor protein that is expressed in a variety of common cancers, including expression in 75% of breast cancers at low (1+), intermediate (2+), and high (3+ or over-expressor) levels. Greenwich LifeSciences has commenced a Phase III clinical trial, FLAMINGO-01. For more information on Greenwich LifeSciences, please visit the Company's website at www.greenwichlifesciences.com and follow the Company's Twitter at https://twitter.com/GreenwichLS.

Forward-Looking Statement Disclaimer

Statements in this press release contain "forward-looking statements" that are subject to substantial risks and uncertainties. All statements, other than statements of historical fact, contained in this press release are forward-looking statements. Forward-looking statements contained in this press release may be identified by the use of words such as "anticipate," "believe," "contemplate," "could," "estimate," "expect," "intend," "seek," "may," "might," "plan," "potential," "predict," "project," "target," "aim," "should," "will," "would," or the negative of these words or other similar expressions, although not all forward-looking statements contain these words. Forward-looking statements are based on Greenwich LifeSciences Inc.'s current expectations and are subject to inherent uncertainties, risks and assumptions that are difficult to predict, including statements regarding the intended use of net proceeds from the public offering; consequently, actual results may differ materially from those expressed or implied by such forward-looking statements. Further, certain forward-looking statements are based on assumptions as to future events that may not prove to be accurate. These and other risks and uncertainties are described more fully in the section entitled "Risk Factors" in Greenwich LifeSciences' Annual Report on the most recent Form 10-K for the year ended December 31, 2024, and other periodic reports filed with the Securities and Exchange Commission. Forward-looking statements contained in this announcement are made as of this date, and Greenwich LifeSciences, Inc. undertakes no duty to update such information except as required under applicable law.

Company Contact
Snehal Patel
Investor Relations
Office: (832) 819-3232
Email: info@greenwichlifesciences.com

Investor & Public Relations Contact for Greenwich LifeSciences
Dave Gentry
RedChip Companies Inc.
Office: 1-800-RED CHIP (733 2447)
Email: dave@redchip.com


FAQ

AI-generated questions and answers. How Rhea-AI works. Not financial advice.

What is Greenwich LifeSciences (GLSI) reporting about FLAMINGO-01 patient screening in March 2026?

GLSI reports the FLAMINGO-01 annualized screen rate rose to over 800 patients per year, a ~33% increase. According to the company, this reflects ~200 patients screened per quarter across US and EU sites driven by new 2025 site activations and stronger site momentum.

How much did FLAMINGO-01 screening increase compared to prior reported rates for GLSI?

Screening increased by approximately 33% from the prior 600 patients per year to over 800 per year. According to the company, the improvement came from new sites activated in 2025 and increased patient-driven momentum at existing sites.

What screening velocity did Greenwich achieve recently for GLSI's Phase III FLAMINGO-01 trial?

The company achieved about 200 patients screened per quarter, equivalent to over 800 patients annually. According to the company, this is the highest six-month screening rate to date across its US and EU sites.

Do the FLAMINGO-01 screening updates for GLSI indicate enrollment is accelerating?

Yes, the reported figures indicate acceleration: a ~33% annualized increase to over 800 patients per year. According to the company, new 2025 site activations and stronger momentum at existing sites drove the higher screening rate.

Will Greenwich (GLSI) likely reach a higher peak screening rate for FLAMINGO-01 soon?

The company suggests the peak screening rate may not yet have been reached, signaling potential further increases. According to the company, recent operational optimizations and site expansion in 2025 could continue to boost screening velocity.

Keep reading