Welcome to our dedicated page for Plus Therapeutics news (Ticker: PSTV), a resource for investors and traders seeking the latest updates and insights on Plus Therapeutics stock.
Plus Therapeutics reports news on its CNS oncology business, which combines precision diagnostics with targeted radiopharmaceutical development for central nervous system cancers. Recurring updates cover REYOBIQ™ (rhenium Re186 obisbemeda), a radiotherapeutic program for indications including leptomeningeal metastases and recurrent glioblastoma, as well as clinical and translational presentations, regulatory designations, manufacturing technology transfer and supply-chain partnerships.
The company’s news also covers the commercial expansion of CNSide®, including payer coverage, Medicare enrollment and reimbursement work for its cerebrospinal fluid assay platform. Corporate updates include leadership appointments, equity inducement grants under Nasdaq rules, financial results, capital actions and listing-compliance matters tied to its Nasdaq-traded common stock.
Plus Therapeutics (Nasdaq: PSTV) will release its Second Quarter Fiscal Year 2020 financial results after market close on August 10, 2020. A conference call at 5:00 PM ET will provide insights into the results and a business update. The company focuses on developing radiotherapeutics using its nanotechnology platform to target rare cancers. This technology enhances drug delivery and formulation for improved patient safety and convenience.
Plus Therapeutics (Nasdaq: PSTV) announced the successful completion of the fifth cohort of the ReSPECT Clinical Trial, evaluating Rhenium NanoLiposomes (RNL™) in adults with recurrent glioblastoma (GBM). The trial has expanded to a second site at UT Southwestern Medical Center, enrolling 15 patients across five cohorts, with six more planned. RNL aims to deliver radiation doses up to 25 times greater than conventional methods, with further developments anticipated including cohort 6, completion of enrollment, and potential orphan drug designations.
Plus Therapeutics (PSTV) announced its participation in the YAFO ACCESS CHINA - 2020 Summer Online Partnering Day, scheduled for July 30, 2020, at 10:00 p.m. EST. Dr. Marc Hedrick will lead the presentation and engage with investors during the session. Attendees can register for free tickets to join the live event or opt for a Video on Demand Ticket. A replay will be available on the company's website a week later for those unable to attend live. Plus Therapeutics specializes in developing radiotherapeutics targeting rare cancers using a unique nanotechnology platform.
On July 6, 2020, Plus Therapeutics, Inc. (PSTV) announced the approval of stock options for key executives. Dr. Gregory Stein was granted options for 40,000 shares at an exercise price of $2.11, and Andrew Sims received the same number at $2.23, both vesting over four years. This decision aligns with the company's 2015 New Employee Incentive Plan, which was recently amended to allow additional shares for inducement awards. Plus Therapeutics is focused on developing innovative cancer therapies.
Plus Therapeutics (PSTV) reported its Q1 2020 financial results with a net loss of $1.1 million, or $0.28 per share, showing improvement from a $2.5 million loss in Q1 2019. Operating cash usage decreased to $1.5 million compared to $3.3 million last year. The company has secured a licensing agreement for rare cancer therapies, including Rhenium-186-chelated NanoLiposome for glioblastoma, with potential milestone payments totaling $136.5 million. Plus Therapeutics ended the quarter with $16.1 million in cash and emphasizes ongoing clinical trials and pipeline expansion.
Plus Therapeutics (PSTV) announced a live webinar, led by Dr. Andrew Brenner, on a new radiotherapy for recurrent glioblastoma scheduled for May 17, 2020. This initiative is part of the Musella Foundation Webinar Series and aims to educate patients and raise awareness during Brain Tumor Awareness Month. Plus Therapeutics recently licensed a radiolabeled nanoliposome drug portfolio, with its lead asset, Rhenium NanoLiposome (RNL™), supported by a $3.7 million NIH/NCI grant. The platform focuses on delivering high-dose radiation directly to brain tumors via advanced delivery techniques.
Plus Therapeutics (PSTV) announced the closing of a licensing agreement for rare cancer product candidates from NanoTx Therapeutics. The deal involves an upfront payment of $400,000 in cash and $300,000 in stock, with potential milestone payments totaling $136.5 million and royalties on U.S. and European sales. The lead asset, Rhenium-186-chelated NanoLiposome (RNL™), is under Phase 1 clinical trials for recurrent glioblastoma, aiming to deliver radiation doses significantly higher than traditional methods. Plus aims to address unmet medical needs in oncology with significant revenue opportunities.