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MBRX

Moleculin Biotech

$1.08

0.01 (0.93%)

17:37
08/16/19
08/16
17:37
08/16/19
17:37

Moleculin Biotech reports Q2 EPS (3c), two estimates (10c)

CFO Jonathan Foster stated, "From a financial standpoint we are in a strong position. We finished the second quarter with a solid balance sheet with cash of approximately $18.7M and no debt. The strength of our balance sheet provides us the ability to fund our ongoing research programs and clinical trials. We believe our existing cash and cash equivalents will be sufficient to fund our planned operations well into 2020 without the issuance of additional equity for cash. We are focused on being capital efficient through our important developmental process."

MBRX Moleculin Biotech
$1.08

0.01 (0.93%)

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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ADVM

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