The following is a summary of the Moleculin Biotech, Inc. (MBRX) Q1 2024 Earnings Call Transcript:

Financial Performance:

• The company reported a decrease in Research & Development (R&D) expenses from $5.7 million to $4.3 million for Q1 2024.

• General & Administrative (G&A) expenses also decreased from $2.6 million in the same period last year to $2.4 million for this quarter.

• Moleculin Biotech had roughly $17 million in cash on hand for the quarter.

• The market cap of Moleculin Biotech Inc. is estimated to be roughly $13 million.

Business Progress:

• The firm obtained patent protection for Annamycin, providing market exclusivity until 2040.

• Clinical trials show Annamycin had a 60% CRC rate in second-line patients with zero reported cardiotoxicity.

• Recruitment efforts continue for the ongoing MB-106 trial, prioritizing first-line patients.

• Pivotal trials for the drug are projected to commence by the end of 2024, contingent on FDA approval.

• The company suspended enrollment for second-line therapy in the 106 trial, as they've collected sufficient data for second-line pivotal trials.

• An end-of-phase 2 meeting with the FDA is expected by the end of June.

• An update is anticipated on the progress of the MB-106 trial in August.

More details: Moleculin Biotech IR

Tips: This article is generated by AI. The accuracy of the content can not be fully guaranteed. For more comprehensive details, please refer to the IR website. The article is only for investors' reference without any guidance or recommendation suggestions.