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MBRX

Moleculin Biotech

$0.98

0.0719 (7.88%)

07:35
04/18/19
04/18
07:35
04/18/19
07:35

Moleculin Biotech receives FDA pproval of Fast Track designation for Annamycin

Moleculin Biotech's request for Fast Track Designation for its drug, Annamycin, has been approved by the FDA for the treatment of relapsed or refractory acute myeloid leukemia.

MBRX Moleculin Biotech
$0.98

0.0719 (7.88%)

11/14/18
MAXM
11/14/18
INITIATION
Target $3
MAXM
Buy
Moleculin Biotech initiated with a Buy at Maxim
11/14/18
MAXM
11/14/18
INITIATION
Target $3
MAXM
Buy
Moleculin Biotech initiated with a Buy at Maxim
As reported earlier, Maxim analyst Jason McCarthy initiated Moleculin Biotech with a Buy rating and a price target of $3. The analyst cites the company's three differentiated cancer programs - STAT3 inhibition in brain tumors with WP1066, chemotherapy with Annamycin in leukemia patients, and the WP1122 targeting of cancer metabolism by slowing its progression through starving it of glucose. McCarthy is hopeful that Moleculin's ongoing and upcoming trials, followed by their data readouts, demonstrate proof-of-concept in these indications and generate catalysts for the stock's higher valuation.

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