Moleculin Biotec Stock Price, News & Analysis

Moleculin Biotech, Inc. (Nasdaq: MBRX) announced that the FDA has approved its IND application to study WP1122 for the treatment of Glioblastoma Multiforme (GBM). This allows the company to initiate a Phase 1 study assessing the safety and efficacy of oral WP1122 in adult GBM patients. Moleculin plans to conduct an additional trial in the UK to evaluate WP1122 as a potential COVID-19 therapy. Their strategy aims to address highly glycolytic cancers and leverage external funding for future clinical trials, particularly in 2022.

Moleculin Biotech, Inc. (Nasdaq: MBRX) announced participation in a Virtual Investor Roundtable Event on November 18, 2021, at 11:00 AM ET. CEO Walter V. Kemp and Senior CMO Dr. John Paul Waymack will present, joined by Dr. Sant P. Chawla. The event will include a presentation, moderated discussion, and live Q&A. Participants can submit questions via the conference website. A live video webcast will be available, with a replay accessible afterward. Moleculin focuses on developing drugs for resistant tumors and viruses, including Annamycin for acute myeloid leukemia and soft tissue sarcoma.

Moleculin Biotech, Inc. (Nasdaq: MBRX) reported its financial results for Q3 2021, revealing a decrease in R&D expenses to $4.1 million, down from $4.4 million in 2020. General and administrative expenses rose to $2.0 million. The Company recorded a net loss of $13.1 million for the nine-month period. Moleculin is advancing its oncology drug pipeline, with six clinical trials underway or expected for clearance by year-end 2021. A significant milestone includes the authorization for a Phase 1a trial of WP1122 for COVID-19 in the UK.

Moleculin Biotech (Nasdaq: MBRX) announced on Oct. 19, 2021, the authorization from the MHRA to start a Phase 1a clinical trial for WP1122 in the UK. WP1122, a prodrug of 2-deoxy-D-glucose, aims to inhibit viral replication in COVID-19 patients. The trial will involve about 80 healthy volunteers to assess the drug's safety and pharmacokinetics. Preclinical data show WP1122's potential as a more potent antiviral compared to 2-DG. Moleculin is also exploring additional countries for Phase 2 studies and developing other antimetabolites.

Moleculin Biotech, Inc. (Nasdaq: MBRX) announced interim results from its Phase 1b/2 clinical trial for Annamycin, targeting soft tissue sarcoma (STS) lung metastases. Preliminary data shows encouraging responses, with four out of five patients demonstrating clinical activity, including one with over 30% tumor size reduction. The trial is progressing well, having quickly completed two cohorts within four months. Annamycin, designed to be non-cardiotoxic, has received Fast Track Status and Orphan Drug Designation from the FDA. Patient enrollment for additional cohorts is currently underway.

Moleculin Biotech, Inc. (Nasdaq: MBRX), a clinical stage pharmaceutical company, announced that its CEO, Walter Klemp, will present at the 2021 Cantor Virtual Global Healthcare Conference on September 27, 2021, at 8:40 AM ET. Moleculin will also offer virtual one-on-one meetings for qualified investors. The live webcast will be accessible on the Investors section of their website, with a replay available for 90 days.

Moleculin Biotech, Inc. (Nasdaq: MBRX) announced that CEO Walter Klemp will present at the virtual Oppenheimer Fall Healthcare Life Sciences and MedTech Summit on September 20, 2021, at 4:35 PM ET. The management team will also hold virtual one-on-one meetings with registered investors. A live webcast of the presentation will be available on the Company's website, with a replay accessible for 90 days post-event. Moleculin focuses on developing drug candidates for highly resistant tumors and viruses, including Annamycin for acute myeloid leukemia and WP1066 for brain tumors.

On September 8, 2021, Moleculin Biotech, Inc. (Nasdaq: MBRX) announced that CEO Walter Klemp will present at the H.C. Wainwright 23rd Annual Global Investment Conference from September 13-15, 2021. The company specializes in developing drug candidates for resistant tumors and viruses.

Management will also hold virtual one-on-one meetings with registered investors. A video webcast of the presentation will be available on-demand on September 13, 2021, at 7:00 AM ET and archived for 90 days.

Moleculin Biotech, Inc. (Nasdaq: MBRX) reported its financial results for Q2 2021, showing R&D expenses of $3.0 million, down from $3.3 million in Q2 2020, primarily due to previous cost timings. General and administrative expenses rose to $2.4 million, up from $1.7 million, driven by increased consulting fees. The company reported a net loss of $8.7 million for the first half of 2021, an improvement from $11.3 million in 2020. Moleculin ended the quarter with $79.5 million in cash, sufficient for projected operating needs through 2024. Upcoming milestones include progress in multiple clinical trials.