Workflow
Lixte Biotechnology(LIXT)
icon
Search documents
Lixte Biotechnology(LIXT) - 2025 Q3 - Quarterly Report
2025-11-12 21:26
Financial Performance - For the nine months ended September 30, 2025, the Company recorded a net loss of $3,465,626 and used cash in operations of $1,982,720[274]. - The net loss for the three months ended September 30, 2025 was $1,980,398, compared to a net loss of $986,030 for the same period in 2024[348]. - The net loss attributable to common stockholders for the three months ended September 30, 2025 was $2,030,765, compared to $986,030 in 2024[349]. - The net loss for the nine months ended September 30, 2025, was $3,465,626, compared to a net loss of $2,968,271 for the same period in 2024[364]. - The Company reported no revenues for the three months ended September 30, 2025 and 2024[333]. Cash and Capital Resources - At September 30, 2025, the Company had cash of $2,887,874 available to fund its operations[274]. - The company had cash of $2,887,874 available to fund operations as of September 30, 2025, reflecting a net increase in working capital of $4,085,035 from $827,219 at December 31, 2024[366]. - The Company estimates that its existing cash resources will provide sufficient working capital for at least the next 12 months, but additional capital will be required for regulatory approval of its product candidate[278]. - The Company has experienced negative operating cash flows since inception and relies on equity financing to meet its working capital needs[276]. - The company utilized cash of $1,982,720 in operating activities for the nine months ended September 30, 2025, compared to $2,565,861 for the same period in 2024[375]. Research and Development - The Company is focusing on advancing its lead anti-cancer clinical compound LB-100 in high-need cancer indications[280]. - The Company is focused on the clinical development of LB-100, a specific protein phosphatase inhibitor, which is currently being tested in clinical trials for Ovarian Clear Cell Carcinoma, Metastatic Colon Cancer, and Advanced Soft Tissue Sarcoma[312]. - Research and development costs decreased by $310,934, or 86.0%, in 2025 compared to 2024, primarily due to a reduction in clinical oversight costs and preclinical research[340]. - For the nine months ended September 30, 2025, research and development costs were $202,801, a decrease from $691,402 in 2024[351]. - The Company has incurred a total of $695,918 in costs related to a specific agreement as of September 30, 2025[432]. Clinical Trials - The colorectal cancer study involving LB-100 and atezolizumab is currently on hold due to serious adverse events observed in two patients[318]. - The Company entered into a Clinical Trial Agreement with the Netherlands Cancer Institute to conduct a Phase 1b clinical trial of LB-100 combined with atezolizumab for patients with microsatellite stable metastatic colorectal cancer[382]. - The clinical trial aims to enroll a total of 37 patients, with the first patient enrolled in August 2024, and patient accrual expected to take up to 24 months[384]. - The Company announced a Phase 1b/2 clinical trial to assess the effectiveness of LB-100 combined with GSK's dostarlimab for treating ovarian clear cell carcinoma, with completion expected by December 31, 2027[400]. - The principal investigator is currently investigating two Serious Adverse Events observed in the colorectal study, pausing enrollment until further information is provided[385]. Financial Commitments and Agreements - The Company has remaining financial contractual commitments of approximately $510,000 related to clinical trial agreements, scheduled to be incurred through December 31, 2027[275]. - The Company entered into a Patent License Agreement with NIH, obligating it to pay a non-refundable license issue royalty of $50,000 and a first minimum annual royalty of $25,643[417]. - The total costs incurred under the License Agreement with NIH reached $97,835 as of September 30, 2025, with an aggregate commitment of approximately $1,765,000 expected over the next twenty years[422]. - The Company agreed to fund a preclinical study with the Netherlands Cancer Institute at an approximate cost of €391,000[429]. - The Development Collaboration Agreement with NKI was extended by two years to October 8, 2026, with an additional €500,000 added to the operating budget[430]. Management and Strategy - The Company appointed a new President and CEO in September 2023 to review its patent portfolio and manage costs associated with intellectual property protection[300]. - The Company is in advanced negotiations regarding potential acquisitions of complementary oncology assets to enhance its pipeline[280]. - The Company aims to secure strategic partnerships or licensing agreements with pharmaceutical companies as part of its long-term objectives[314]. - The Company is evaluating various alternatives to obtain capital for operations, including potential mergers or acquisitions, which may result in a change of control[449]. - The Company has established policies for managing cybersecurity risks and has not encountered any material cybersecurity challenges to date[327].
LIXTE Biotechnology Holdings to Present at the Spartan Capital Investor Conference 2025, November 3
Globenewswire· 2025-10-29 12:00
Core Viewpoint - LIXTE Biotechnology Holdings, Inc. is advancing its first-in-class PP2A inhibitor, LB-100, and will present at the Spartan Capital Investor Conference 2025, highlighting its potential in cancer therapy [1][2]. Company Overview - LIXTE is a clinical-stage pharmaceutical company focused on developing and commercializing cancer therapies, particularly targeting new avenues for cancer drug development [3]. - The lead compound, LB-100, has shown to be well-tolerated in cancer patients and has the potential to enhance the effectiveness of existing chemotherapies and immunotherapies [3][4]. Product Development - LB-100 is part of a novel approach in cancer biology known as activation lethality, which is aimed at creating a new treatment paradigm [4]. - Clinical trials for LB-100 are currently underway for Ovarian Clear Cell Carcinoma, Metastatic Colon Cancer, and Advanced Soft Tissue Sarcoma [4].
LIXTE Biotechnology Holdings Highlights Q4 2025 Priorities, Including Ongoing Advancement of Lead Candidate LB-100, Strategic Oncology Business Development and Acquisition Plans
Globenewswire· 2025-10-16 12:00
Core Insights - LIXTE Biotechnology Holdings, Inc. is focused on advancing its lead compound LB-100, a first-in-class inhibitor of protein phosphatase 2A (PP2A), while pursuing strategic acquisitions in oncology [1][2][4] Group 1: Clinical Execution - The company is committed to the continued advancement of LB-100 across prioritized tumor settings, supported by growing clinical and preclinical evidence [8] - Ongoing proof-of-concept clinical trials for LB-100 are in progress for Ovarian Clear Cell Carcinoma, Metastatic Colon Cancer, and Advanced Soft Tissue Sarcoma [5] Group 2: Strategic Expansion - LIXTE is entering Q4 2025 with clear operational goals and a disciplined approach to strategic expansion, focusing on high-need cancer indications [2][3] - The company is in advanced negotiations for potential acquisitions of complementary oncology assets to enhance its pipeline and accelerate development [2][8] Group 3: Operational Readiness - The company is undertaking initiatives in quality, chemistry, manufacturing, and regulatory alignment to support efficient study conduct and potential integration of acquired programs [8]
LIXTE's Bold Blueprint to Rewire Cancer's Master Switch and Redefine Its Own Future (NASDAQ: LIXT)
Accessnewswire· 2025-09-16 12:30
Core Insights - The article highlights that small-cap biotech companies often attract attention for fundraising and partnerships, but occasionally the focus shifts to their scientific advancements [1] Company and Industry Summary - Small-cap biotech companies are frequently in the news for their fundraising efforts and strategic partnerships, which are critical for their growth and development [1] - The scientific progress made by these companies can sometimes take precedence over financial activities, indicating the importance of innovation in the biotech sector [1]
LIXTE Bio's Transformational Summer Marked by Leadership Updates, Scientific Progress, and Digital Treasury Strategy (NASDAQ:LIXT)
Accessnewswire· 2025-09-15 21:40
Core Insights - LIXTE Biotechnology Holdings is taking a proactive approach during the typically quiet summer months for small-cap biotechs, engaging in significant trial work and presentations at conferences [1] Company Summary - LIXTE Biotechnology Holdings (NASDAQ:LIXT) is positioning itself differently from its peers by not adhering to the usual summer slowdown in activity [1]
After-Hours Biotech Gainers: Insider Buys, Trial Updates, And Strategic Deals Fuel Momentum
RTTNews· 2025-09-11 04:32
Core Viewpoint - Biotech stocks are experiencing renewed momentum, with small-cap companies like Nautilus Biotechnology, PepGen, Lixte, RenovoRx, Genelux, and VolitionRx attracting investor interest through various catalysts such as insider buying, strategic partnerships, and clinical trial progress Group 1: Nautilus Biotechnology (NAUT) - Nautilus Biotechnology's stock surged 5.52% during regular trading, closing at $0.7070, and rose an additional 7.5% in after-hours trading to $0.76, with trading volume nearly double its average at 647,399 shares [2] - Recent insider buying by CEO Sujal M. Patel, who purchased 83,500 shares on September 8 and 116,500 shares on September 5, totaling over $135,000, indicates strong leadership confidence [3] - The company reported a narrower loss of $0.12 per share in Q2 2025, with an 18% drop in operating expenses, and has $179.5 million in cash, providing a financial runway through 2027 [4] Group 2: PepGen Inc. (PEPG) - PepGen's stock rebounded 7.14% in after-hours trading to $1.50 after a regular session close of $1.40, with trading volume more than double its average at 638,576 shares [4] - The company completed dosing for its 15 mg/kg arm of the FREEDOM trial, with topline data expected in early Q4 2025, following a strategic narrowing of its pipeline [5] Group 3: Lixte Biotechnology Holdings Inc. (LIXT) - Lixte's stock rose 5.85% in after-hours trading to $5.25 after closing at $4.96, with a trading volume of 503,604 shares, notable given recent volatility [5] - The company announced a $2.6 million purchase of Bitcoin and Ethereum to diversify its treasury holdings, reflecting a strategic shift in financial strategy [6] Group 4: RenovoRx Inc. (RNXT) - RenovoRx shares increased 4.22% in after-hours trading to $1.2194 after a regular session close of $1.17, with trading volume significantly above its average at 886,119 shares [6] - The company received a positive recommendation to continue its Phase III TIGeR-PaC trial for pancreatic cancer, reinforcing confidence in its lead therapy platform [7] Group 5: Genelux Corp. (GNLX) - Genelux's stock rose 4.11% in after-hours trading to $3.80 after closing at $3.65, with trading volume relatively light at 60,339 shares [8] - The recent activity follows Genelux's participation in the H.C. Wainwright Global Investment Conference [9] Group 6: VolitionRx Ltd. (VNRX) - VolitionRx's stock increased 4.27% in after-hours trading to $0.6474 after closing at $0.6209, with trading volume slightly below its average at 183,777 shares [10] - The company announced a Research License and Exclusive Commercial Option Rights Agreement with Werfen's Immunoassay Technology Center, focusing on advancing its Nu.Q NETs assay for Antiphospholipid Syndrome [10]
LIXTE Biotechnology Holdings Makes $2.6 Million Initial Purchase of Digital Currency to Diversify Treasury and for Potential Acquisitions
Globenewswire· 2025-09-10 20:05
Core Viewpoint - LIXTE Biotechnology Holdings, Inc. is diversifying its treasury by purchasing cryptocurrencies, specifically 10.5 Bitcoin and 300 Ethereum, totaling approximately $2.6 million, which now constitutes about 43.6% of its treasury holdings [2][3]. Group 1: Cryptocurrency Strategy - The company has received approval from its Board of Directors to increase its cryptocurrency allocation to up to 50% of its treasury [2]. - The addition of Bitcoin and Ethereum is part of a strategy to build a balanced digital asset portfolio that complements cash holdings [3]. - The company aims to enhance its adaptability and long-term growth in the digital economy through this diversification [3]. Group 2: Company Overview - LIXTE is a clinical-stage pharmaceutical company focused on developing new cancer therapies, particularly its lead compound, LB-100, which has shown promise in enhancing chemotherapy and immunotherapy outcomes [4][5]. - The company is engaged in pioneering research in cancer biology, specifically in the area of activation lethality, and is currently conducting proof-of-concept clinical trials for various cancer types [5].
24/7 Market News: LIXTE Holds the World's Only Clinical-Stage PP2A Inhibitor
Newsfile· 2025-09-05 12:35
Core Insights - LIXTE Biotechnology Holdings, Inc. is developing LB-100, the world's only clinical-stage PP2A inhibitor, which has the potential to revolutionize cancer treatment by enhancing the efficacy of existing therapies [1][11]. Group 1: Product Overview - LB-100 is a first-in-class PP2A inhibitor that disrupts cancer's internal repair systems, pushing cells into "lethal activation" and generating neoantigens to enhance immune visibility [2]. - Unlike traditional therapies, LB-100 sensitizes tumors to immunotherapy, chemotherapy, and radiation, amplifying the immune response and exposing hidden tumors [3]. Group 2: Mechanism of Action - PP2A is a crucial enzyme that regulates DNA damage repair and cell survival, often exploited by cancers to evade treatment. LB-100 disables this mechanism, preventing cancer cells from recovering from therapy-induced stress [4]. - This mechanism is particularly significant in MSS colorectal cancer (85% of cases) and ovarian clear-cell carcinoma, where current immunotherapy options are largely ineffective [5]. Group 3: Clinical Trials and Collaborations - LB-100 is currently being evaluated in multiple clinical programs, including partnerships with GSK for Ovarian Clear-Cell Carcinoma and Roche for MSS Colorectal Cancer [7][14]. - The trials aim to validate LB-100's safety and efficacy while demonstrating its role as a universal enhancer of frontline cancer therapies [10]. Group 4: Potential Impact - LB-100 has the potential to improve the tolerability and efficacy of existing therapies, reshaping treatment standards across various solid tumor indications [6]. - Enhanced activity of standard treatments and stronger immune engagement are key benefits of LB-100 [9].
LIXTE Biotechnology Holdings Appoints Two New Board Members and New Chief Financial Officer
Globenewswire· 2025-09-03 12:00
Core Viewpoint - LIXTE Biotechnology Holdings, Inc. has relocated its corporate headquarters to Boca Raton, Florida, and appointed new board members and a Chief Financial Officer to strengthen its operations and strategic direction [1][2][4]. Company Developments - The company has appointed Lourdes Felix and Guy Primus to its Board of Directors, while Peter Stazzone has been named Chief Financial Officer [1][2]. - Stazzone brings over 20 years of financial management experience, having served as CFO for several companies, and is expected to guide corporate transformations and financial processes at LIXTE [5]. - Felix will chair LIXTE's Audit Committee, bringing over 30 years of experience in management and corporate finance [6]. - Primus has a 30-year track record in technology-driven organizations and has held senior positions at notable companies like Starbucks and Microsoft [7]. Strategic Implications - The relocation to Florida is aimed at enhancing operational efficiency in a business-friendly environment, which is expected to reduce costs and create long-term value for shareholders [4]. - The new leadership team is anticipated to evaluate new business opportunities and strengthen the company's mission in developing cancer therapies [3]. Product Focus - LIXTE is focused on developing a new class of cancer therapy, specifically its lead compound LB-100, which has shown potential in enhancing chemotherapy and immunotherapy [8][9]. - LB-100 is part of a pioneering effort in cancer biology, with ongoing proof-of-concept clinical trials for various cancer types [9].
24/7 Market News: LIXTE Showcases LB-100 at First Global Conference on Oncogenic Signaling Activation as Cancer Therapy
Globenewswire· 2025-08-27 12:15
Core Insights - The article highlights a landmark meeting co-sponsored by LIXTE Biotechnology Holdings, focusing on the activation of oncogenic signaling as a novel cancer treatment strategy [1][2] - LIXTE's lead compound, LB-100, was presented as a first-in-class PP2A inhibitor that activates oncogenic signaling, leading to cancer cell toxicity [2][4] Group 1: Conference Highlights - The conference introduced a paradigm shift in cancer therapy, advocating for the activation of oncogenic pathways rather than solely inhibiting them [3] - LB-100 exemplifies this approach by inhibiting PP2A, which removes a cellular "off switch," resulting in uncontrolled signaling that drives cancer cells to self-destruction [4] - Presentations at the conference reinforced the recognition of PP2A inhibition as a new therapeutic frontier, supporting LB-100's role as a platform therapy [5] Group 2: Company Positioning - By co-sponsoring the meeting, LIXTE positioned itself as a global thought leader in innovative cancer therapies, demonstrating its commitment to advancing cancer research [6] - LIXTE is focused on developing therapies targeting the PP2A pathway, with LB-100 showing strong preclinical results and early-stage clinical tolerability [7] - The company is currently advancing a proof-of-concept trial in Ovarian Clear Cell Carcinoma, indicating its active role in clinical development [7]