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Monopar Therapeutics Reports First Quarter 2026 Financial Results and Provides Business Updates

(Positive)
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Monopar Therapeutics (Nasdaq: MNPR) reported Q1 2026 results and business updates. The company highlighted new Phase 3 FoCus trial analyses showing greater neurologic benefit of ALXN1840 versus standard of care in Wilson disease and confirmed plans to submit an NDA to the FDA in mid-2026.

Cash, cash equivalents and investments were $137.5 million as of March 31, 2026, expected to fund operations at least through December 31, 2027. Q1 2026 net loss was $3.9 million versus $2.6 million a year earlier, with higher R&D and G&A expenses partly offset by increased interest income.

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Positive

  • Cash and investments of $137.5 million as of March 31, 2026
  • Runway expected to fund operations at least through December 31, 2027
  • ALXN1840 NDA submission to FDA remains on track for mid-2026
  • Phase 3 FoCus analyses show greater neurologic benefit of ALXN1840 vs standard of care
  • Interest income rose to $1.33 million from $0.60 million year-over-year
  • Chief Commercial and Strategy Officer appointed in March 2026 to lead launch readiness

Negative

  • Net loss increased to $3.9 million from $2.6 million year-over-year
  • R&D expenses rose to $3.49 million from $1.64 million
  • G&A expenses increased to $1.74 million from $1.58 million

News Market Reaction – MNPR

-0.73%
1 alert
-0.73% Session close to close
$390.14M Market Cap
0.2x Rel. Volume

In the May 14 session, MNPR declined 0.73%, reflecting a mild negative market reaction.

Data tracked by StockTitan Argus on the day of publication.

Market Context

This announcement underscores Monopar’s cash position of $137.5 million, runway expected through Dec...
Analysis

This announcement underscores Monopar’s cash position of $137.5 million, runway expected through Dec 31, 2027, and continued progress toward a mid‑2026 NDA filing for ALXN1840 in Wilson disease. Investors may track trends in net loss, which reached $3.9 million for Q1 2026, as R&D and G&A expenses rise to support development and commercial planning. The existing $300,000,000 shelf and prior capital raise of about $91.9 million frame how future financing could intersect with upcoming clinical and regulatory milestones.

Key Figures

Cash & investments: $137.5 million Runway guidance: Through December 31, 2027 Net loss Q1 2026: $3.9 million ($0.46/share) +5 more
8 metrics
Cash & investments $137.5 million Cash, cash equivalents and investments as of March 31, 2026
Runway guidance Through December 31, 2027 Management expectation for funding operations
Net loss Q1 2026 $3.9 million ($0.46/share) First quarter 2026 net loss
Net loss Q1 2025 $2.6 million ($0.38/share) First quarter 2025 net loss
R&D expenses Q1 2026 $3,487,247 First quarter 2026 research and development expenses
G&A expenses Q1 2026 $1,738,006 First quarter 2026 general and administrative expenses
Interest income Q1 2026 $1,332,203 First quarter 2026 interest income
Capital raise proceeds $91.9 million Net proceeds from September 2025 capital raise

Previous Earnings Reports

5 past events · Latest: Mar 27 (Positive)
Same Type Pattern 5 events
Date Event Sentiment 24h Move Catalyst
Mar 27 Q4/FY 2025 earnings Positive -0.8% Reported $140.4M cash, 2025 results, and reaffirmed mid-2026 ALXN1840 NDA plans.
Nov 13 Q3 2025 earnings Positive +5.4% Q3 2025 results, strong cash of $143.7M, and progress toward ALXN1840 NDA.
Aug 12 Q2 2025 earnings Positive +14.6% Q2 2025 results, $53.3M cash, and IND transfer for ALXN1840 with NDA plans.
May 13 Q1 2025 earnings Positive -3.6% Q1 2025 results plus encouraging long-term ALXN1840 data and MNPR-101 trials.
Mar 31 Q4/FY 2024 earnings Positive -9.7% Q4/FY 2024 results, over $55M raised, ALXN1840 in-licensing and Phase 1 starts.

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

Pattern Detected

Earnings updates often feature positive cash and ALXN1840 progress, but price reactions have skewed negative or muted in 3 of the last 5 reports.

Recent Company History

Over the past year, Monopar’s earnings releases have consistently emphasized building a cash runway and advancing ALXN1840 toward an NDA. Cash rose from $54.6M as of Mar 31, 2025 to $143.7M by Q3 2025 and $140.4M at Dec 31, 2025, supporting operations through at least Dec 31, 2027. Price reactions have been mixed, with notable gains after the Q2 2025 report but declines after several other earnings updates, suggesting investors react selectively to financial and pipeline details.

Key Terms

new drug application, nda, u.s. food and drug administration, phase 3, +3 more
7 terms
new drug application regulatory
"The Company remains on track with its plans to submit the New Drug Application"
A new drug application is a formal request submitted to government regulators seeking approval to market a new medicine. It is like a detailed proposal that shows the drug has been tested for safety and effectiveness. For investors, receiving approval signals that the drug may soon become available for sale, potentially leading to revenue growth and impacting the company's value.
nda regulatory
"plans to submit the New Drug Application (“NDA”) to the U.S. Food and Drug"
An NDA, or nondisclosure agreement, is a legal contract that keeps certain information private between parties. It’s like a promise not to share sensitive details, helping protect business ideas, strategies, or data from being leaked or used without permission. For investors, NDAs help ensure that confidential information remains secure, enabling trust and open communication during business discussions.
u.s. food and drug administration regulatory
"submit the New Drug Application (“NDA”) to the U.S. Food and Drug Administration"
The U.S. Food and Drug Administration is the federal agency that evaluates and enforces safety, effectiveness and labeling standards for medicines, medical devices, vaccines, food and related products before they reach consumers. For investors it matters because FDA approvals, warnings or recalls determine whether a product can be sold, how quickly it reaches the market and how costly compliance will be—changes that directly affect a company’s revenue, costs and stock value.
phase 3 medical
"presented new analyses from the randomized controlled Phase 3 FoCus trial of ALXN1840"
Phase 3 is the late-stage clinical testing step for a new drug or medical treatment, where the product is given to large groups of patients to confirm effectiveness, monitor side effects, and compare it to standard care. Successful Phase 3 results are often the final scientific hurdle before regulators decide on approval and market launch—like passing a final exam before graduation—and can sharply change a company's valuation and future revenue prospects.
randomized controlled medical
"new analyses from the randomized controlled Phase 3 FoCus trial of ALXN1840"
A randomized controlled study is a way to test a medical treatment by assigning people at random into at least two groups—one that receives the treatment and one that does not (often a placebo)—so differences in outcomes are more likely due to the treatment and not other factors. For investors, these trials are the clearest signal of whether a drug or therapy actually works and is safe, much like flipping a coin to avoid selection bias; strong randomized controlled results can sharply affect regulatory approval, market potential, and a company’s valuation.
standard of care medical
"greater neurologic benefit of ALXN1840 versus standard of care (“SoC”) in Wilson disease"
Standard of care is the accepted medical treatment or clinical approach that most qualified doctors would use for a given condition today, based on available evidence, guidelines and common practice. For investors, it acts like the baseline product customers expect: a new therapy or device must match or improve on the standard of care to win market share, gain reimbursement and limit legal or regulatory risk.
stock-based compensation financial
"increase in R&D personnel expenses including stock-based compensation and (3) a net"
Stock-based compensation is when a company pays employees, directors or consultants with shares or the right to buy shares instead of or in addition to cash. It matters to investors because issuing stock or options spreads ownership thinner (like cutting a pie into more slices), which can reduce each existing share’s claim on profits and can also change reported earnings; investors watch it to assess true cost of running the business and how management is incentivized.
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WILMETTE, Ill., May 14, 2026 (GLOBE NEWSWIRE) -- Monopar Therapeutics Inc. (“Monopar” or the “Company”) (Nasdaq: MNPR), a clinical‐stage biopharmaceutical company developing innovative treatments for patients with unmet medical needs, today announced first quarter 2026 financial results and provided business updates.

Recent Program Developments

ALXN1840 for Wilson Disease – NDA Submission on Track for Mid-2026

In April 2026, Monopar presented new analyses from the randomized controlled Phase 3 FoCus trial of ALXN1840 (tiomolibdate choline, TMC) at the American Academy of Neurology (AAN) Annual Meeting 2026. The late-breaker oral and poster presentation, titled “Greater clinical benefit with tiomolibdate choline versus standard-of-care in neurologic Wilson disease patients in the Phase 3 FoCus Trial,” demonstrated greater neurologic benefit of ALXN1840 versus standard of care (“SoC”) in Wilson disease patients with neurologic symptoms at baseline.

These results from the FoCus trial will also be presented in a poster at the 12th Congress of the European Academy of Neurology (EAN) in Geneva, Switzerland, June 27-30, 2026. Dr. Aurélia Poujois, MD, PhD, of the Adolphe de Rothschild Foundation Hospital, a leading authority in Wilson disease, will present on June 28 at 12:50 CEST.

Monopar will also present at the European Association for the Study of the Liver (EASL) Congress 2026, a leading global forum for liver disease research. The presentation, titled Tiomolibdate choline stabilizes liver disease and improves neurological symptoms as well as quality-of-life in treatment-experienced Wilson disease patients,” will be presented by UC Davis Professor Dr. Valentina Medici, MD, MAS, FAASLD. EASL Congress 2026 will take place in Barcelona, Spain, from May 27-30, 2026, with Dr. Medici presenting on May 29 at 08:45 CEST.

The Company remains on track with its plans to submit the New Drug Application (“NDA”) to the U.S. Food and Drug Administration (“FDA”) in mid-2026. Susan Rodriguez, the Company’s Chief Commercial and Strategy Officer who joined in March 2026, is leading commercial readiness activities in preparation for a potential launch.

Financial Results for the First Quarter Ended March 31, 2026, Compared to the First Quarter Ended March 31, 2025

Cash and Net Loss

Cash, cash equivalents and investments as of March 31, 2026, were $137.5 million. Monopar expects its current funds to support operations at least through December 31, 2027, including: (1) regulatory and potential commercial activities for ALXN1840; (2) continued development of MNPR-101 programs; and (3) internal research and development.

Net loss for the first quarter of 2026 was $3.9 million, or $0.46 per share, compared to net loss of $2.6 million, or $0.38 per share, for the first quarter of 2025.

Research and Development (“R&D”) Expenses

R&D expenses for the first quarter of 2026 were $3,487,247 compared to $1,643,375 for the first quarter of 2025. This represents an increase of $1,843,872 primarily attributed to (1) an $825,972 increase in R&D contractor and consulting expenses, (2) a $799,593 increase in R&D personnel expenses including stock-based compensation and (3) a net increase of $218,307 in other R&D expenses.

General and Administrative (“G&A”) Expenses

G&A expenses for the first quarter of 2026 were $1,738,006 compared to $1,578,442 for the first quarter of 2025. This represents an increase of $159,564 primarily attributed to (1) a $134,599 increase in G&A personnel expenses including stock-based compensation and (2) a net increase of $24,965 in other G&A expenses.

Interest Income

Interest income for the first quarter of 2026 was $1,332,203 compared to $596,845 for the first quarter of 2025. The increase is attributed to interest earned on U.S. Treasury securities and commercial paper, and higher bank balances in 2026, due to the net proceeds of approximately $91.9 million from the September 2025 capital raise.

About Monopar Therapeutics Inc.

Monopar Therapeutics is a clinical-stage biopharmaceutical company with late-stage ALXN1840 for Wilson disease, and radiopharmaceutical programs including MNPR-101-Zr (Phase 1) for imaging advanced cancers along with MNPR-101-Lu (Phase 1a) and MNPR-101-Ac (late preclinical) for the treatment of advanced cancers. For more information, and links to SEC filings that contain detailed financial information, visit: https://ir.monopartx.com/quarterly-reports.

Forward-Looking Statements

Statements contained in this press release regarding matters that are not historical facts are “forward-looking statements” within the meaning of the Private Securities Litigation Reform Act of 1995. The words “may,” “will,” “could,” “would,” “should,” “expect,” “plan,” “anticipate,” “intend,” “believe,” “estimate,” “predict,” “project,” “potential,” “continue,” “target” and similar expressions are intended to identify forward-looking statements, although not all forward-looking statements contain these identifying words. Examples of these forward-looking statements include statements concerning: that the Company remains on track with its plans to submit the New Drug Application (“NDA”) to the U.S. Food and Drug Administration (“FDA”) in mid-2026; that Susan Rodriguez is leading commercial readiness activities in preparation for a potential launch; and that Monopar expects its current funds to support operations at least through December 31, 2027. The forward-looking statements involve risks and uncertainties including, but not limited to: uncertainties related to the regulatory process that Monopar intends to initiate related to ALXN1840, including the submission of the NDA to the FDA, and the outcome thereof; the rate of market acceptance and competitiveness in terms of pricing, efficacy and safety, of any products for which Monopar receives marketing approval, and Monopar’s ability to competitively market any such products as compared to larger pharmaceutical firms; Monopar’s ability to raise sufficient funds in order for the Company to support continued preclinical, clinical, regulatory, pre-commercial and commercial development of its programs and to make contractual milestone payments, as well as its ability to further raise additional funds in the future to support any existing or future product candidate programs through completion of clinical trials, the approval processes and, if applicable, commercialization; and the significant general risks and uncertainties surrounding the research, development, regulatory approval, and commercialization of imaging agents and therapeutics. Actual results may differ materially from those expressed or implied by such forward-looking statements. Risks are described more fully in Monopar’s filings with the Securities and Exchange Commission. All forward-looking statements contained in this press release speak only as of the date on which they were made. Monopar undertakes no obligation to update such statements to reflect events that occur or circumstances that exist after the date on which they were made. Any forward-looking statements contained in this press release represent Monopar’s views only as of the date hereof and should not be relied upon as representing its views as of any subsequent date.

CONTACT:  

Monopar Therapeutics Inc.
Investor Relations  
Quan Vu  
Chief Financial Officer  
vu@monopartx.com  

Follow Monopar on social media for updates: 

X: @MonoparTx  LinkedIn: Monopar Therapeutics


FAQ

What were Monopar Therapeutics' (MNPR) Q1 2026 financial results?

Monopar reported a Q1 2026 net loss of $3.9 million, or $0.46 per share. According to Monopar, this compares with a $2.6 million net loss, or $0.38 per share, in Q1 2025, reflecting higher R&D and G&A expenses.

How much cash did Monopar (MNPR) have at the end of Q1 2026?

Monopar ended Q1 2026 with $137.5 million in cash, cash equivalents and investments. According to Monopar, current funds are expected to support operations at least through December 31, 2027, including ALXN1840 regulatory activities and MNPR-101 development.

When is Monopar (MNPR) planning to submit the ALXN1840 NDA to the FDA?

Monopar expects to submit the ALXN1840 New Drug Application in mid-2026. According to Monopar, the NDA will be supported by Phase 3 FoCus trial data demonstrating greater neurologic benefit versus standard of care in Wilson disease patients with neurologic symptoms.

What did the Phase 3 FoCus trial show for ALXN1840 in Wilson disease?

New FoCus trial analyses indicated greater neurologic benefit with ALXN1840 versus standard of care in certain Wilson disease patients. According to Monopar, these data were presented at major neurology and liver congresses and support the planned mid-2026 NDA submission.

Why did Monopar Therapeutics' R&D expenses increase in Q1 2026?

Q1 2026 R&D expenses rose to $3.49 million from $1.64 million in Q1 2025. According to Monopar, this reflected higher R&D contractor and consulting costs, increased personnel expenses including stock-based compensation, and a net rise in other R&D expenses.

How did interest income impact Monopar's (MNPR) Q1 2026 results?

Interest income increased to $1.33 million in Q1 2026 from $0.60 million a year earlier. According to Monopar, the rise was driven by earnings on U.S. Treasury securities, commercial paper and higher bank balances after a September 2025 capital raise.

What commercial preparations is Monopar making for a potential ALXN1840 launch?

Monopar appointed a Chief Commercial and Strategy Officer in March 2026 to lead commercial readiness. According to Monopar, Susan Rodriguez is overseeing preparations in advance of a potential ALXN1840 launch, aligned with the planned mid-2026 NDA submission to the FDA.