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Xenetic Biosciences reports developments tied to its immuno-oncology programs for difficult-to-treat cancers. The company’s DNase technology targets neutrophil extracellular traps, or NETs, with a systemic DNase program being advanced as an adjunctive approach for pancreatic carcinoma and locally advanced or metastatic solid tumors.
Recurring updates include preclinical and translational research, conference presentations, collaborations with institutional and development partners, and studies evaluating DNase I with chemotherapy, immunotherapies and CAR T-cell approaches. Company news also covers periodic financial results, cash resources, equity financing, shareholder voting matters and other governance developments.
Xenetic Biosciences (NASDAQ:XBIO) reported its Q2 2024 financial results and provided a business update. Key highlights include:
1. Ongoing preclinical studies with data expected before year-end
2. Focus on demonstrating DNase-based oncology program in clinical proof-of-concept studies
3. Q2 2024 net loss of $1.3 million
4. R&D expenses remained flat at $0.9 million
5. G&A expenses increased by 19.5% to $1.1 million
6. Royalty payments of $0.7 million, an 11.6% increase year-over-year
7. Cash position of $7.3 million at quarter-end
The company remains confident in its DNase-based oncology platform and is advancing towards Phase 1 clinical development for pancreatic carcinoma and other solid tumors.
Xenetic Biosciences has announced the appointment of James F. Parslow as the interim Chief Executive Officer, effective May 16, 2024. Parslow, currently the Chief Financial Officer, will lead the company as it focuses on advancing its immune-oncology technologies. The company aims to drive its pipeline toward a first human clinical study and extend its cash runway. Xenetic is moving forward with its DNase-based oncology program, targeting pancreatic carcinoma and other advanced solid tumors, with preclinical data expected by year-end.
Xenetic Biosciences, Inc. reported its financial results for the first quarter of 2024, highlighting ongoing preclinical studies, advancement of DNase-based oncology program, and ending the quarter with $7.8 million in cash. The net loss for the quarter was approximately $1.2 million, with research & development expenses increasing by 58.6% and general and administrative expenses decreasing by 9.8% compared to the same quarter in 2023.
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