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Independent Cleveland Clinic Review Finds No Clinically Significant Cardiotoxicity with Moleculin's Annamycin in R/R AML Patients Dosed Beyond Conventional Anthracycline Limits

(Positive)
Tags

Moleculin (Nasdaq: MBRX) reported pooled cardiac safety data for Annamycin in relapsed/refractory AML from 5 completed trials (90 patients), published as an abstract at EHA 2026.

An independent Cleveland Clinic review found no clinically significant treatment-related cardiotoxicity, even at anthracycline-equivalent doses above conventional lifetime limits, with stable mean ejection fraction and no observed dose–cardiac function relationship.

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Positive

  • Independent Cleveland Clinic review of cardiac safety in 90 Annamycin-treated R/R AML patients
  • No clinically significant treatment-related cardiotoxicity observed beyond conventional anthracycline lifetime dose limits
  • Among 78 evaluable patients, no cases met criteria for clinically significant left ventricular dysfunction
  • Stable mean ejection fraction with no association between cumulative dose and cardiac function decline
  • Serial ECG, troponin, and strain measures showed no evidence of drug-induced cardiotoxicity
  • Findings may support broader clinical positioning of Annamycin in AML and other oncology settings

Negative

  • Cardiac safety findings are based on 90 patients, limiting long-term and rare-event assessment
  • Results are presented in a congress abstract, not full peer-reviewed publication with detailed outcomes
  • Announcement focuses on safety; no new quantified efficacy data are disclosed for Annamycin

News Market Reaction – MBRX

-4.10% 6.8x vol
16 alerts
-4.10% Session close to close
+6.2% Peak Tracked
-18.0% Trough Tracked
$12.49M Market Cap
6.8x Rel. Volume

In the May 12 session, MBRX declined 4.10%, reflecting a moderate negative market reaction. Argus tracked a peak move of +6.2% during that session. Argus tracked a trough of -18.0% from its starting point during tracking. Our momentum scanner triggered 16 alerts that day, indicating notable trading interest and price volatility. Trading volume was exceptionally heavy at 6.8x the daily average, suggesting significant selling pressure.

Data tracked by StockTitan Argus on the day of publication.

Market Context

This announcement highlights an independent Cleveland Clinic review of 90 R/R AML patients across 5 ...
Analysis

This announcement highlights an independent Cleveland Clinic review of 90 R/R AML patients across 5 trials, finding stable mean ejection fraction and 0 cases of clinically significant left ventricular dysfunction with Annamycin even beyond conventional anthracycline limits. It reinforces prior messaging on a non-cardiotoxic profile alongside MIRACLE trial progress and preclinical efficacy signals. Investors may watch for upcoming MIRACLE interim data, further cardiac safety disclosures, and use of the effective S-3 registering 6.37M warrant shares for resale.

Key Figures

Subjects analyzed: 90 subjects Trials included: 5 trials EF-evaluable patients: 78 patients +5 more
8 metrics
Subjects analyzed 90 subjects Pooled analysis across 5 Annamycin trials in R/R AML
Trials included 5 trials Completed Annamycin studies pooled for cardiac safety review
EF-evaluable patients 78 patients Patients with verified pre- and post-treatment ejection fraction data
Clinically significant LV dysfunction 0 patients No patients met criteria after Annamycin treatment
Composite CR rate 40% Preliminary blinded MIRACLE data among first 30 subjects
Complete remission 30% Portion of MIRACLE subjects achieving full CR
CR with partial recovery 10% MIRACLE subjects with CRh in early blinded data
Interim enrollment trigger 45 subjects Enrollment threshold for MIRACLE interim unblinding

Historical Context

5 past events · Latest: May 08 (Positive)
Pattern 5 events
Date Event Sentiment 24h Move Catalyst
May 08 IP/patent update Positive -0.8% New Hong Kong patent extending liposomal Annamycin protection to 2040.
Apr 23 Preclinical data Positive +1.6% AACR pancreatic cancer data showing >60% survival extension and tumor reduction.
Apr 21 Conference abstract Positive -1.2% ASCO 2026 abstract acceptance on cardiac safety of L-annamycin.
Apr 07 Corporate update Positive +3.9% CEO Corner segment emphasizing Annamycin’s non-cardiotoxic safety profile.
Mar 23 Clinical milestone Positive +1.9% 45-subject MIRACLE enrollment milestone and promising blinded remission data.

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

Pattern Detected

Recent news on Annamycin and MIRACLE progress has generally led to modest positive moves, with occasional sell-the-news divergences.

Recent Company History

Over the past few months, Moleculin has consistently highlighted Annamycin’s profile and MIRACLE trial progress. On Mar 23, enrollment of the 45th subject and a 40% composite CR rate coincided with a 1.94% gain. A Apr 7 CEO segment on non-cardiotoxicity saw shares rise 3.88%. Preclinical AACR data on Apr 23 and an ASCO abstract acceptance on Apr 21 produced mixed reactions. A patent-strengthening update on May 8 was followed by a slight decline, showing uneven follow-through despite broadly constructive news.

Key Terms

ejection fraction, left ventricular dysfunction, global longitudinal strain, troponins, +4 more
8 terms
ejection fraction medical
"Among 78 patients with source-data verified pre- and post-treatment ejection fraction assessments"
Ejection fraction is the percentage of blood the heart’s main pumping chamber pushes out with each beat, measured by imaging tests; think of it as the share of liquid emptied from a glass when you pour. Investors monitor it because changes signal shifting demand for treatments, devices, insurance and workforce health, and because clinical results or regulatory decisions tied to ejection fraction often influence healthcare and related stocks.
left ventricular dysfunction medical
"no patients met criteria for clinically significant left ventricular dysfunction"
Left ventricular dysfunction is when the heart’s main pumping chamber (the left ventricle) can’t squeeze or relax normally, so it delivers less blood to the body. For investors, this matters because it drives demand for drugs, medical devices, hospital care and long-term treatment; changes in diagnosis rates, clinical trial results or regulatory decisions around therapies for this condition can meaningfully affect companies and health-care spending.
global longitudinal strain medical
"global longitudinal strain assessments similarly demonstrated no evidence of drug-induced cardiotoxicity"
Global longitudinal strain is a measurement of how much the heart’s main pumping muscle shortens along its length with each beat, typically obtained from a heart ultrasound. Think of it like measuring how far a rubber band shrinks when released; it's a sensitive early indicator of heart muscle performance and treatment effect, so changes can influence clinical trial results, regulatory decisions and the market value of companies tied to cardiac therapies or devices.
troponins medical
"Additional analyses of serial ECGs, troponins, and global longitudinal strain assessments"
Troponins are proteins released into the bloodstream when heart muscle is damaged, and doctors measure their levels to detect heart attacks or other cardiac injury — like a smoke alarm that sounds when tissue is injured. For investors, troponin tests, devices and treatments that rely on these measurements drive clinical demand, reimbursement and regulatory reviews, so changes in test accuracy, guidelines or approvals can affect revenue and company value.
ECGs medical
"Additional analyses of serial ECGs, troponins, and global longitudinal strain assessments"
Electrocardiograms (ECGs) are recordings of the heart’s electrical activity captured by sensors on the skin, producing a simple tracing that shows heart rhythm and basic function. Investors care because ECG results are key evidence in clinical trials, device approvals and safety monitoring: abnormal tracings can reveal drug side effects, device malfunctions or patient risk, which can affect regulatory outcomes, liability and the market value of medical and pharmaceutical companies.
cardiotoxicity medical
"no clinically significant treatment-related cardiotoxicity across cumulative anthracycline-equivalent doses"
Cardiotoxicity is damage to the heart caused by a drug, chemical or medical treatment that can weaken heart function, disrupt heartbeat or cause inflammation. It matters to investors because evidence of cardiotoxicity can halt or delay product approvals, trigger costly additional testing, recalls or legal risk, and reduce future revenue potential—similar to how rust in an engine can undermine a machine’s reliability and resale value.
anthracyclines medical
"Anthracyclines remain among the most effective agents in AML treatment"
Anthracyclines are a class of chemotherapy drugs used to treat many types of cancer; they work by damaging the genetic material inside fast-growing cells, roughly like cutting power lines to stop a factory from running. They matter to investors because their strong effectiveness is balanced by well-known safety risks—especially potential heart damage—which drives regulation, treatment guidelines, development costs, generic competition, and market demand for safer alternatives.
relapsed/refractory medical
"late-stage development for the treatment of relapsed/refractory acute myeloid leukemia (R/R AML)"
Relapsed/refractory describes a disease, usually cancer, that has returned after treatment (relapsed) or that did not respond to initial therapy (refractory). For investors this signals a high medical need and a defined patient group for new treatments — like a market of cars that won’t start with a standard key — which can affect drug development priorities, trial designs, potential pricing and commercial opportunity.

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

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Pooled analysis of 90 subjects across 5 trials shows stable mean ejection fraction and no clinically significant left ventricular dysfunction

Data demonstrates Annamycin addresses the principal barrier to anthracycline use in heavily pretreated R/R AML

HOUSTON, May 12, 2026 (GLOBE NEWSWIRE) -- Moleculin Biotech, Inc., (Nasdaq: MBRX) (“Moleculin” or the “Company”), today announced the publication of an abstract at the European Hematology Association (EHA) 2026 Congress highlighting the cardiac safety profile of Annamycin (or as known in scientific journals “L-Annamycin”), the Company’s next-generation anthracycline currently in late-stage development for the treatment of relapsed/refractory acute myeloid leukemia (R/R AML).

The abstract titled, “Cardiac Safety of L-Annamycin Across High Cumulative Anthracycline Exposure: Implications for Relapsed/Refractory AML,” will highlight pooled cardiac safety findings from five completed clinical trials evaluating Annamycin in heavily pretreated patients, including those with substantial prior anthracycline exposure. Importantly, the analysis demonstrated no clinically significant treatment-related cardiotoxicity across cumulative anthracycline-equivalent doses that exceeded conventional lifetime exposure limits associated with traditional anthracyclines.

Anthracyclines remain among the most effective agents in AML treatment, but their clinical utility is constrained by cumulative cardiac toxicity. This limitation is especially relevant in R/R AML, where patients often have prior anthracycline exposure and where currently available salvage therapies following venetoclax-based treatment have demonstrated limited efficacy.

The independent cardiac review, conducted by a cardio-oncology laboratory at the Cleveland Clinic, analyzed comprehensive cardiac monitoring data from 90 patients treated with Annamycin. Among 78 patients with source-data verified pre- and post-treatment ejection fraction assessments, no patients met criteria for clinically significant left ventricular dysfunction. Mean ejection fraction remained stable, and no association was observed between cumulative dose and cardiac function decline. Additional analyses of serial ECGs, troponins, and global longitudinal strain assessments similarly demonstrated no evidence of drug-induced cardiotoxicity.

Management believes these findings reinforce Annamycin’s potential to address a major unmet need in R/R AML by enabling continued anthracycline-based treatment without the cumulative cardiac limitations commonly associated with conventional agents.

“These data further strengthen the clinical rationale for Annamycin as a differentiated anthracycline with the potential to overcome one of the most significant barriers to treatment in AML,” commented Walter Klemp, Chairman and Chief Executive Officer of Moleculin. “We believe the combination of encouraging efficacy observed to date and a favorable cardiac safety profile could position Annamycin as an important therapeutic option for heavily pretreated AML patients, including those previously exposed to anthracyclines and venetoclax-based regimens.”

The Company believes the results published at EHA may support broader clinical positioning opportunities for Annamycin in AML and potentially other oncology indications where anthracycline use is currently limited by cardiotoxicity concerns.

About Moleculin Biotech, Inc.

Moleculin Biotech, Inc. is a Phase 3 clinical stage pharmaceutical company advancing a pipeline of therapeutic candidates addressing hard-to-treat tumors and viruses. The Company’s lead program, Annamycin (also known as naxtarubicin), has demonstrated efficacy and safety in five previous clinical studies and is an anthracycline designed to avoid multidrug resistance mechanisms and to lack the cardiotoxicity common with currently prescribed anthracyclines. Annamycin is currently in development for the treatment of relapsed or refractory acute myeloid leukemia (AML) and soft tissue sarcoma (STS) lung metastases.

The Company has begun the MIRACLE (MoleculiR/R AML AnnAraC Clinical Evaluation) Trial (MB-108), a pivotal, adaptive design Phase 3 trial evaluating Annamycin in combination with cytarabine, together referred to as AnnAraC (the combination of Annamycin and cytarabine, also referred to as “Ara-C”) for the treatment of relapsed or refractory acute myeloid leukemia. Following a successful Phase 1B/2 study (MB-106), with input from the FDA, the Company believes it has substantially de-risked the development pathway towards a potential approval for Annamycin for the treatment of AML. This study remains subject to appropriate future filings with potential additional feedback from the FDA and their foreign equivalents.

Additionally, the Company is developing WP1066, an Immune/Transcription Modulator capable of inhibiting p-STAT3 and other oncogenic transcription factors while also stimulating a natural immune response, targeting brain tumors, pancreatic and other cancers. Moleculin also has in its pipeline a portfolio of antimetabolites, including WP1122 for the potential treatment of pathogenic viruses, as well as certain cancer indications. 

For more information about the Company, please visit www.moleculin.com and connect on X, LinkedIn and Facebook.

Forward-Looking Statements
Some of the statements in this release are forward-looking statements within the meaning of Section 27A of the Securities Act of 1933, Section 21E of the Securities Exchange Act of 1934 and the Private Securities Litigation Reform Act of 1995, which involve risks and uncertainties. Forward-looking statements in this press release include, without limitation, statements regarding Annamycin's potential to address unmet medical needs in R/R AML, the anticipated cardiac safety profile of Annamycin, broader clinical positioning opportunities for Annamycin in AML and other oncology indications, and the potential for continued anthracycline-based treatment without cumulative cardiac limitations. Moleculin will require significant additional financing, for which the Company has no commitments, in order to conduct its clinical trials as described in this press release, and the milestones described in this press release assume the Company’s ability to secure such financing on a timely basis. Although Moleculin believes that the expectations reflected in such forward-looking statements are reasonable as of the date made, expectations may prove to have been materially different from the results expressed or implied by such forward-looking statements. The Company relies on the reports of its expert with regard to the absence of cardiotoxicity. The dataset referenced in this press release is subject to the review of the data from future subjects in its current and future clinical trials and long-term follow-up with subjects in its current trials. Moleculin has attempted to identify forward-looking statements by terminology including ‘believes,’ ‘estimates,’ ‘anticipates,’ ‘expects,’ ‘plans,’ ‘projects,’ ‘intends,’ ‘potential,’ ‘may,’ ‘could,’ ‘might,’ ‘will,’ ‘should,’ ‘approximately’ or other words that convey uncertainty of future events or outcomes to identify these forward-looking statements. These statements are only predictions and involve known and unknown risks, uncertainties, and other factors, including those discussed under Item 1A. “Risk Factors” in our most recently filed Form 10-K filed with the Securities and Exchange Commission (SEC) and updated from time to time in our Form 10-Q filings and in our other public filings with the SEC. Any forward-looking statements contained in this release speak only as of its date. We undertake no obligation to update any forward-looking statements contained in this release to reflect events or circumstances occurring after its date or to reflect the occurrence of unanticipated events.

Investor Contact:
JTC Team, LLC
Jenene Thomas
(908) 824-0775
MBRX@jtcir.com


FAQ

What did Moleculin (MBRX) announce about Annamycin cardiotoxicity on May 12, 2026?

Moleculin reported pooled cardiac safety data showing no clinically significant treatment-related cardiotoxicity with Annamycin in R/R AML patients. According to Moleculin, this came from 90 subjects across five completed trials reviewed independently by a Cleveland Clinic cardio-oncology laboratory.

How many relapsed/refractory AML patients were included in the Annamycin cardiac safety analysis for MBRX?

The pooled analysis included 90 relapsed/refractory AML patients treated with Annamycin. According to Moleculin, 78 patients had source-verified pre- and post-treatment ejection fraction data, and none met criteria for clinically significant left ventricular dysfunction, with mean ejection fraction remaining stable.

What did the Cleveland Clinic review find about ejection fraction in Annamycin-treated MBRX patients?

The independent Cleveland Clinic review found stable mean ejection fraction in Annamycin-treated patients. According to Moleculin, among 78 patients with verified ejection fraction data, none developed clinically significant left ventricular dysfunction, and no link appeared between cumulative Annamycin dose and cardiac function decline.

How does Annamycin’s cardiac safety compare with conventional anthracyclines in MBRX’s AML trials?

Annamycin was given at anthracycline-equivalent doses exceeding conventional lifetime limits without observed clinically significant cardiotoxicity. According to Moleculin, the analysis showed no clinically significant treatment-related cardiotoxicity, suggesting Annamycin may avoid the cumulative cardiac limitations seen with traditional anthracyclines.

What additional cardiac assessments were used to evaluate Annamycin safety in Moleculin’s trials?

Cardiac safety assessment included serial ECGs, troponin measurements, and global longitudinal strain. According to Moleculin, these additional analyses showed no evidence of drug-induced cardiotoxicity, supporting the ejection fraction findings in heavily pretreated relapsed/refractory AML patients receiving Annamycin.

What are the potential implications of Annamycin’s safety data for Moleculin (MBRX) in AML treatment?

The company believes Annamycin’s cardiac safety may enable continued anthracycline-based treatment in heavily pretreated AML patients. According to Moleculin, these results could support broader clinical positioning in AML and other cancers where anthracycline use is limited by cardiotoxicity concerns.