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Marker Therapeutics Inc (MRKR) is a clinical-stage biotechnology company pioneering novel T cell-based immunotherapies and peptide vaccines for hematological cancers and solid tumors. This news hub provides investors and researchers with timely updates on MRKR's advancements in cancer treatment innovation.
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Marker Therapeutics (Nasdaq: MRKR) reported significant updates regarding its clinical programs and financial results for fiscal year 2022. The company received a $2 million grant from the FDA for the Phase 2 ARTEMIS trial of MT-401 in acute myeloid leukemia (AML) and cleared IND applications for MT-601 targeting metastatic pancreatic cancer and non-Hodgkin lymphoma. The improved T cell manufacturing process for MT-401 has yielded a production time reduction to 9 days and enhanced product efficacy. Financially, Marker reported a net loss of $29.9 million, down from $41.9 million in 2021, and had a cash position of $11.8 million at year-end.
Marker Therapeutics (Nasdaq: MRKR) announced a Common Stock Purchase Agreement with Lincoln Park Capital Fund for up to $25 million. This agreement allows Marker to sell shares at its discretion over a 24-month period, subject to the effectiveness of a registration statement with the SEC. The proceeds will support the Phase 2 ARTEMIS trial of its lead candidate, MT-401, and other clinical programs. CEO Peter Hoang emphasized the importance of this deal for flexible capital access post-restructuring.
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