Moleculin Biotec Stock Price, News & Analysis

Moleculin Biotech, Inc. (Nasdaq: MBRX) will release its financial results for Q3 2022 on November 10, 2022. An inaugural quarterly conference call will follow at 5:00 PM ET to discuss both operational and financial outcomes. Moleculin specializes in developing drug candidates for resistant tumors and viral infections, with lead program Annamycin aimed at treating relapsed acute myeloid leukemia and soft tissue sarcoma. The company also has ongoing projects targeting brain tumors and COVID-19.

Moleculin Biotech, Inc. (Nasdaq: MBRX) has provided an update on its Phase 1a clinical trial for WP1122, designed to treat resistant tumors and viruses. The second multiple ascending dose (MAD) cohort was halted due to adverse events in 2 subjects, leading to the initiation of MAD cohort 2a at 48 mg/kg. The trial includes around 70 subjects and aims to establish a maximum tolerated dose. While initial doses were well tolerated, the company aims to explore WP1122's potential against COVID-19 and other severe infections. Future studies may occur in additional countries.

Moleculin Biotech announced that its compound WP1096, part of the WP1122 portfolio, will undergo animal studies funded by NIAID. This investigation aims to assess WP1096's potential as a therapy for hemorrhagic fever viruses, which currently lack FDA-approved treatments. Preliminary studies show WP1096 exhibits a broader antiviral spectrum compared to 2-DG. Moleculin is also advancing other projects, including a Phase 1 trial for another compound, WP1122, in COVID-19 patients. The company aims to further develop WP1096 if animal studies demonstrate significant efficacy.

Moleculin Biotech announced a live moderated video webcast for its Phase 1/2 study of Annamycin, targeting Acute Myeloid Leukemia (AML). The event is scheduled for September 28, 2022, at 11:00 AM ET. Management, including CEO Walter V. Kemp, will discuss Annamycin's clinical development and its combination with Cytarabine (AnnAraC). This open-label trial (MB-106) builds on prior safety data from earlier Phase 1 trials. Investors can submit questions and access a live webcast.

Moleculin Biotech, Inc. (Nasdaq: MBRX), a clinical-stage pharmaceutical firm, announced its participation in the 2nd Annual Marie Sklodowska-Curie Symposium on Cancer Research and Care from September 8-10, 2022, at the Roswell Park Comprehensive Cancer Center, Buffalo, NY. Presentations will include The Value of Collaboration in Clinical Development by CEO Walter Klemp and Translating Preclinical Research Into Clinical Trials by Dr. Robert Shepard. The company focuses on drug candidates for resistant tumors, including Annamycin for leukemia and WP1066 for brain tumors.

Moleculin Biotech, Inc. (Nasdaq: MBRX) announced that CEO Walter Klemp will present at the H.C. Wainwright 24th Annual Global Investment Conference from September 12-14, 2022, in New York and virtually. The company focuses on developing treatments for highly resistant tumors and viruses, including its lead program Annamycin, aimed at acute myeloid leukemia. A video webcast of the presentation will be available from September 12 at 7:00 AM ET for 30 days. Management will also conduct virtual one-on-one meetings during the event.

Moleculin Biotech, Inc. (Nasdaq: MBRX) announced that the FDA granted Orphan Drug Designation for WP1122, aimed at treating Glioblastoma Multiforme (GBM), an aggressive brain tumor. This milestone follows the progress in WP1122's Phase 1 clinical trial and supports its potential in addressing a significant medical need. GBM accounts for 16% of primary brain tumors, with a dire median survival of only 15 months. Orphan Drug Designation offers benefits like financial incentives and up to seven years of market exclusivity upon approval, enhancing Moleculin's strategic position in oncology.

Moleculin Biotech announced promising preliminary results from the third cohort of its Phase 1a study for WP1122, a drug under investigation for COVID-19 treatment. The Safety Review Committee deemed the 32 mg/kg dosage safe, allowing escalation to 64 mg/kg for the next cohort. The multiple ascending dose (MAD) phase will also begin with a daily dose of 32 mg/kg. Following the completion of three single ascending dose (SAD) cohorts, the study aims to investigate WP1122's safety and pharmacokinetics, with a target of enrolling approximately 80 subjects.

Moleculin Biotech, Inc. (Nasdaq: MBRX) reported its Q2 2022 financial results, highlighting continued progress in clinical programs targeting resistant tumors and viruses. The company successfully completed the Phase 1b portion of its Annamycin trial for soft tissue sarcoma lung metastases and commenced a Phase 2 trial. Moleculin holds sufficient capital, ending the quarter with $58 million, to sustain operations beyond mid-2024. The net loss increased to $13.6 million for the first half of 2022, compared to $8.7 million in the prior year.