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MBRX

Moleculin Biotech

$1.05

-0.02 (-1.87%)

08:08
11/12/19
11/12
08:08
11/12/19
08:08

Moleculin Biotech receives FDA approval for IND of WP1066

Moleculin Biotech announced that the FDA has approved a request for Investigational New Drug, IND, status for its drug candidate WP1066 to be used in a Phase 1 clinical trial for the treatment of children with recurrent or refractory malignant brain tumors. The request was made by physician researchers at Emory University, including Dr. Tobey MacDonald, Professor of the Department of Pediatrics at Emory University School of Medicine, Director of Pediatric Neuro-Oncology at Aflac Cancer and Blood Disorders Center and Principle Investigator for this clinical trial. The trial will be conducted at the Aflac Cancer and Blood Disorders Center at Children's Healthcare of Atlanta.

  • 13

    Nov

MBRX Moleculin Biotech
$1.05

-0.02 (-1.87%)

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.
10/17/19
OPCO
10/17/19
INITIATION
Target $2
OPCO
Outperform
Moleculin Biotech initiated with an Outperform at Oppenheimer
Oppenheimer analyst Kevin DeGeeter initiated coverage of Moleculin Biotech with an Outperform rating and $2 price target. The analyst cites preclinical and clinical data suggesting annamycin may offer a stepwise improvement in cardiotoxicity versus other anthracyclines; emerging data suggesting differentiated tissue penetration from Doxil; and expectations of data presentations at Q4 conferences potentially supporting future development in solid tumors unresponsive to other anthracyclines. Specifically, if annamycin demonstrates accumulation in both healthy and malignant lung tissue, DeGeeter believes the compound may be suitable for use on advanced solid tumor patients with lung metastases. He forecasts peak sales of $415M-plus for annamycin, which assumes market penetration comparable to current market shares for Doxil.

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