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Lantern Pharma (LTRN) Stock News, Apr-Aug 2024

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Lantern Pharma Inc. develops AI-driven precision oncology therapies and research platforms for cancer drug discovery. The company uses its proprietary RADR® platform to identify and advance small-molecule oncology candidates, including LP-300, LP-184 and LP-284, and develops STAR-001 for CNS cancers through Starlight Therapeutics, its wholly owned subsidiary.

Recurring news includes clinical-program updates for lung cancer, hematologic cancers, sarcomas and brain cancers; FDA and trial-design communications; financial results; and commercialization of AI tools such as withZeta.ai and predictBBB.ai. Company updates also cover subscription-based platform access, computational biology features and enterprise deployment for biomedical research and drug-development users.

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Lantern Pharma (NASDAQ: LTRN) announced promising preclinical results for LP-184, demonstrating synergy with checkpoint inhibitors and the ability to resensitize tumors non-responsive to Anti-PD1 therapies. Key findings include:

1. LP-184 potentiates anti-PD1 response in a mouse model of triple negative breast cancer (TNBC) resistant to immunotherapy.
2. It can transform 'cold' tumors into 'hot' tumors by modulating T cell activity and inducing replication stress response defects.
3. LP-184 reshapes the tumor microenvironment by reducing M2 macrophages associated with tumor drug resistance.
4. Combined with anti-PD1, LP-184 showed greater anti-tumor response than monotherapies in mouse TNBC tumors.

LP-184 is currently in a Phase 1 trial for advanced recurrent solid tumors. This research supports Lantern's AI-driven hypothesis on LP-184's potential to synergize with PD1 and PDL1 drugs, potentially improving cancer treatment outcomes.

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Lantern Pharma (NASDAQ: LTRN) announced positive preliminary results from the Phase 2 HARMONIC™ clinical trial for LP-300 in never smokers with advanced non-small cell lung cancer (NSCLC). The initial patient cohort showed an 86% clinical benefit rate and a 43% objective response rate. Key findings include:

- 6 out of 7 patients experienced clinical benefit
- 3 patients showed partial responses with an average 51% tumor size reduction
- 3 patients had stable disease with an average 13% tumor size reduction
- No additional safety concerns or dose-limiting toxicities were observed
- Efficacy was seen regardless of prior treatments or tumor characteristics

The trial is now in the randomization and expansion phase, potentially enrolling up to 80 additional patients. Lantern Pharma aims to address the growing global need for therapies specifically approved for never-smoker NSCLC patients.

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Lantern Pharma (NASDAQ: LTRN), an AI-driven cancer therapy company, has announced its second quarter 2024 operating and financial results webcast scheduled for August 8, 2024, at 4:30 p.m. ET. The company, which utilizes its proprietary RADR® AI and machine learning platform to develop targeted cancer therapies, will discuss Q2 results ending June 30, 2024. CEO Panna Sharma and other management team members will lead the call, providing insights on upcoming milestones, clinical trials, and AI platform developments. Interested parties can register for the webcast through the provided Zoom link, with a replay available on the company's investor relations website post-call.

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Lantern Pharma (NASDAQ: LTRN) has achieved a milestone in developing a qRT-PCR-based diagnostic for its drug candidate, LP-184. This diagnostic quantifies PTGR1 RNA in tumor samples, helping identify patients likely to respond to LP-184 across various solid tumors. Successful confirmation of PTGR1 as a important biomarker paves the way for further assay validation and eventual use in later-stage clinical trials. Studies have shown that incorporating biomarkers like PTGR1 can significantly enhance clinical trial success rates. LP-184, aimed at treating malignant gliomas, pancreatic cancer, and ATRT, holds both Orphan Drug and Rare Pediatric Disease designations from the FDA.

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Lantern Pharma has received a Certificate of Patent from the Japanese Patent Office (JPO) for its drug candidate LP-284, developed using the company's RADR® AI platform. LP-284, aimed at treating relapsed or refractory non-Hodgkin’s lymphoma and certain genomically defined sarcomas, is currently in a Phase 1 clinical trial. Japan is the third country to issue this patent, following the US in April 2023, with anticipated patents in Europe, China, and other countries. Lantern estimates LP-284 could benefit 40,000 to 80,000 blood cancer patients annually, potentially capturing a $4 billion global market. The drug has also received Orphan Drug Designation from the U.S. FDA for the treatment of high-grade B-cell lymphomas and mantle cell lymphoma.

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Lantern Pharma Inc. (NASDAQ: LTRN) released its first-quarter 2024 financial results and operational highlights. The company reported progress in multiple clinical trials, obtaining regulatory allowance for the Harmonic™ clinical trial in Japan and Taiwan, and advancing AI-guided drug candidates LP-184 and LP-284. The global market potential for LP-184 and LP-284 is estimated to exceed $12 billion USD. Additionally, collaborations with Starlight Therapeutics and Oregon Therapeutics aim to streamline drug development strategies and leverage AI technologies. The company is focused on precision oncology and the development of high-impact drug candidates, reflecting a positive outlook for future growth.

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Oregon Therapeutics and Lantern Pharma are collaborating to optimize the development of the first-in-class drug candidate XCE853, a potent inhibitor of cancer metabolism. The collaboration involves leveraging AI to refine and expand the positioning of XCE853 in new oncology indications, aiming to uncover biomarkers and define potential combination regimens. Lantern Pharma will have equal IP co-ownership and drug development rights in newly discovered biomarkers and indications for XCE853.

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Lantern Pharma (NASDAQ: LTRN) will host a webcast on May 9th, 2024, discussing their first quarter 2024 financial results, upcoming milestones, clinical trials, and developments of their AI platform, RADR®. The webcast will be led by Panna Sharma, President and CEO. Register for the webinar here and access the replay on the investor relations section of the Company's website.

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FAQ

What is the current stock price of Lantern Pharma (LTRN)?

Lantern Pharma (LTRN) last closed at $0.83.

What is the market cap of Lantern Pharma (LTRN)?

The market cap of Lantern Pharma (LTRN) is approximately $12.4M.