earnings
confidence high
sentiment neutral
materiality 0.60
Moleculin reports Q3 2023 cash of $24.6M; advances Annamycin in AML and STS
Moleculin Biotech, Inc.
- Cash and equivalents $24.6M as of Sep 30, 2023; runway estimated into Q3 2024.
- R&D expense $3.3M, down 45% YoY from $6.0M; G&A $2.6M, down 16% from $3.1M.
- Dosed first subjects in Phase 2 trial of Annamycin + Cytarabine for AML (MB106).
- Completed enrollment in U.S. Phase 1b/2 trial of Annamycin for STS lung metastases (MB107).
- Independent assessment confirmed absence of cardiotoxicity in Annamycin-treated subjects.