Core Insights - Moleculin Biotech, Inc. is a late-stage pharmaceutical company focused on developing drug candidates for hard-to-treat tumors and viruses [1][3] - The company's lead program, Annamycin, is a next-generation anthracycline designed to avoid multidrug resistance and cardiotoxicity, currently in development for relapsed or refractory acute myeloid leukemia (AML) and soft tissue sarcoma (STS) lung metastases [3][4] - The MIRACLE Trial (MB-108) is a pivotal Phase 3 trial evaluating Annamycin in combination with cytarabine for the treatment of relapsed or refractory AML, with a successful Phase 1B/2 study providing confidence in the development pathway [4] Company Overview - Moleculin Biotech, Inc. is advancing a pipeline of therapeutic candidates, including WP1066, an immune/transcription modulator targeting brain tumors and pancreatic cancers, and a portfolio of antimetabolites like WP1122 for treating pathogenic viruses and certain cancers [5] Recent Developments - Walter Klemp, the company's Founder, President, CEO, and Chairman, participated in the Virtual Investor "What's Your Story" Summer Spotlight On-Demand Conference, sharing insights into his dedication to the company and its programs [2]

Core Viewpoint - Moleculin Biotech, Inc. has appointed Adriano Treve as a Strategic Advisor for partnerships, leveraging his extensive experience in global healthcare to enhance the company's strategic positioning and partnership opportunities as it advances its clinical trials [1][3][5]. Company Overview - Moleculin Biotech, Inc. is a late-stage pharmaceutical company focused on developing drug candidates for hard-to-treat cancers and viral infections [1]. - The company's lead program, Annamycin, is designed to avoid multidrug resistance and cardiotoxicity associated with current anthracyclines, targeting relapsed or refractory acute myeloid leukemia (AML) and soft tissue sarcoma [10][11]. Key Developments - The Phase 2B/3 MIRACLE trial for Annamycin in combination with cytarabine is ongoing, with the first unblinding of data for 45 patients expected in the second half of 2025 and a second unblinding anticipated in the first half of 2026 [4][8]. - Annamycin has received Fast Track Status and Orphan Drug Designation from the FDA for treating relapsed or refractory AML, as well as similar designations from the EMA [9]. Strategic Partnerships - Mr. Treve's appointment is expected to enhance Moleculin's ability to secure partnerships that could optimize the value of Annamycin, which has the potential to significantly impact the global oncology drug market [5][6]. - The company is experiencing increased interest from potential strategic partners as it approaches key milestones in its clinical trials [6]. Clinical Trial Details - The MIRACLE trial is a pivotal, adaptive design Phase 3 study evaluating Annamycin in combination with cytarabine for adult patients with relapsed or refractory AML, conducted across multiple sites in the US, Europe, and the Middle East [11]. - The trial follows a successful Phase 1B/2 study, which has de-risked the development pathway towards potential approval for Annamycin [11].

Core Points - The Regulation Agency for Medical and Pharmaceutical Activities (RAMPA) in Georgia has approved the Clinical Trial Application (CTA) for the pivotal Phase 2B/3 MIRACLE trial of Annamycin in combination with cytarabine for treating adult patients with relapsed or refractory acute myeloid leukemia (AML) [2][3] - The European Medicines Agency (EMA) has also granted approval for the trial, enhancing its profile and recruitment efforts [3][5] - Enrollment in Part A of the MIRACLE trial has reached seven subjects treated, with one additional subject in screening, and the company plans to expand to over 30 clinical sites by the end of the year [3][4] Company Overview - Moleculin Biotech, Inc. is a late-stage pharmaceutical company focused on developing drug candidates for hard-to-treat cancers and viral infections, with Annamycin as its lead program [11][12] - Annamycin has received Fast Track Status and Orphan Drug Designation from the FDA for treating relapsed or refractory AML, as well as similar designations from the EMA [8][11] - The MIRACLE trial is designed to combine data from the Phase 2B and Phase 3 portions to measure the primary efficacy endpoint, utilizing an adaptive design [3][12] Trial Details - The MIRACLE trial will randomize the first 75 to 90 subjects to receive high-dose cytarabine combined with either placebo or two different doses of Annamycin [3][6] - The first unblinding of preliminary efficacy data is expected in the second half of 2025, with a second unblinding anticipated in the first half of 2026 [4][6] - Approximately 220 additional subjects will be randomized in Part B of the trial to receive either high-dose cytarabine plus placebo or the optimum dose of Annamycin [6] Recruitment and Collaboration - The company expects to add 16 additional clinical sites in Europe and the US by the end of August, building to over 30 sites for Part A of the trial [3][4] - The recruitment success is attributed to the capabilities of clinical sites, particularly the ARENSIA Exploratory Medicine's research clinic in Kyiv, Ukraine [3][9]

Core Viewpoint - Moleculin Biotech, Inc. has announced a public offering of 16,080,000 shares of common stock and Series E warrants, priced at $0.37 per share, aiming to raise approximately $5.9 million to advance its drug development pipeline [1][2]. Group 1: Offering Details - The public offering includes 16,080,000 shares of common stock and Series E warrants to purchase up to 48,240,000 shares, with a combined offering price of $0.37 per share [1]. - The offering is expected to close on or about June 23, 2025, subject to customary closing conditions [2]. - Gross proceeds from the offering are anticipated to be approximately $5.9 million before deducting fees and expenses [2]. Group 2: Use of Proceeds - The net proceeds from the offering will be used to advance the development of Annamycin and two other drug portfolios through clinical development [2]. - Funds will also support preclinical studies and research sponsorship, as well as working capital needs [2]. Group 3: Company Overview - Moleculin Biotech, Inc. is a late-stage pharmaceutical company focused on developing therapies for hard-to-treat tumors and viruses, with its lead program Annamycin targeting relapsed or refractory acute myeloid leukemia (AML) and soft tissue sarcoma [6][7]. - The company is conducting the MIRACLE trial, a pivotal Phase 3 study evaluating Annamycin in combination with cytarabine for AML treatment [7]. - Additionally, Moleculin is developing WP1066, an immune/transcription modulator for various cancers, and a portfolio of antimetabolites including WP1122 for treating pathogenic viruses [8].

Core Viewpoint - Moleculin Biotech is advancing Annamycin, a drug designed to eliminate cardiotoxicity associated with anthracyclines, which are used to treat approximately 60% of children with cancer [1][2] Group 1: Pediatric Study and FDA Interaction - The FDA has recommended including patients as young as 6 months in the pediatric clinical study of Annamycin, which is a younger age than initially proposed by Moleculin [1][2] - The pediatric study will evaluate Annamycin in combination with Cytarabine as a second-line therapy for pediatric patients with relapsed/refractory acute myeloid leukemia (R/R AML) [1][2] - Moleculin plans to submit an updated Initial Pediatric Study Plan (iPSP) to the FDA later this quarter, with the pediatric clinical study expected to start in the second half of 2027 [3] Group 2: Clinical Trials and Data - The ongoing Phase 3 MIRACLE trial is evaluating Annamycin in combination with Cytarabine for adult patients with R/R AML, with initial data readout anticipated in the second half of 2025 [1][4] - An independent review of study data has shown no cardiotoxicity in 84 adult patients treated with Annamycin, reinforcing its potential for pediatric use [2][6] - The FDA has granted Annamycin Fast Track Status and Orphan Drug Designation for treating R/R AML and soft tissue sarcoma [4] Group 3: Company Overview and Pipeline - Moleculin Biotech is a late-stage pharmaceutical company focused on developing therapies for hard-to-treat cancers and viral infections [5] - Annamycin, also known as naxtarubicin, is designed to avoid multidrug resistance mechanisms and eliminate cardiotoxicity common with existing anthracyclines [5][6] - The company is also developing other therapeutic candidates, including WP1066 for various cancers and WP1122 for pathogenic viruses [8]

Core Insights - Moleculin Biotech, Inc. announced positive topline efficacy results from its U.S. Phase 1B/2 clinical trial evaluating Annamycin for the treatment of Soft Tissue Sarcoma Lung Metastases [3][5] - The trial was a multi-center, open-label, single-arm study that determined the Maximum Tolerable Dose and Recommended Phase 2 Dose, and explored the efficacy of Annamycin as a single agent [3][5] - Annamycin is designed to avoid multidrug resistance mechanisms and lacks the cardiotoxicity common with currently prescribed anthracyclines, making it a promising candidate for treating relapsed or refractory acute myeloid leukemia and STS lung metastases [5][6] Company Overview - Moleculin Biotech, Inc. is a late-stage pharmaceutical company focused on developing drug candidates for hard-to-treat tumors and viruses [2][5] - The company is advancing a pipeline that includes Annamycin and WP1066, an Immune/Transcription Modulator targeting various cancers [7] - The company has initiated the MIRACLE Trial, a pivotal Phase 3 trial evaluating Annamycin in combination with cytarabine for relapsed or refractory acute myeloid leukemia [6]

Summary of Molecular Biotech Key Opinion Leader Webcast Company and Industry - **Company**: Molecular Biotech - **Industry**: Biotechnology, specifically focusing on treatments for soft tissue sarcoma (STS) and lung metastases Core Points and Arguments 1. **Clinical Trial Overview**: The webcast discusses the positive top-line efficacy results from the Phase 1B2 clinical trial of Anamycin for treating soft tissue sarcoma lung metastases, highlighting the need for better second-line therapies due to the limitations of current treatments [1][4][24]. 2. **Unmet Medical Need**: Soft tissue sarcomas are rare, affecting about 1% of the population, with an estimated annual incidence of 13,000 cases in the U.S. The prognosis for patients with lung metastases is poor, with a median overall survival of 12 to 18 months [8][9]. 3. **Current Treatment Limitations**: First-line therapy typically involves doxorubicin, which has a response rate of 25% to 50%, but most patients relapse quickly. Second-line therapies have limited effectiveness, and there are significant toxicities associated with first-line treatments [10][11][12]. 4. **Anamycin's Unique Properties**: Anamycin is designed to eliminate the cardiotoxicity associated with anthracyclines. It shows a 30-fold greater concentration in the lungs compared to doxorubicin, which may enhance its effectiveness against lung metastases [21][22][23]. 5. **Trial Results**: The trial involved 36 subjects, with a median overall survival of 13.5 months and a clinical benefit rate of over 59%. For those receiving the optimal dosing regimen, progression-free survival was around 4 months, and overall survival approached 20 months [25][26][27]. 6. **Comparison to Historical Data**: The results are compelling compared to historical data for second-line monotherapies, which typically show an overall survival range of 8 to 12 months [25][28]. 7. **Expert Opinions**: Experts noted the significance of the clinical benefit rate and the stabilization of disease in patients, emphasizing the potential of Anamycin to be used in earlier lines of therapy due to its reduced toxicity [32][34][38]. Other Important Content 1. **Expert Panel**: The discussion included insights from leading sarcoma experts, providing a comprehensive view of the current landscape of STS treatment and the potential role of Anamycin [5][6][7]. 2. **Future Development**: Recommendations for moving forward with Anamycin's development include exploring its use in earlier treatment lines, given its promising results and lack of cardiotoxicity [36][38]. 3. **Regulatory Considerations**: The webcast highlighted the importance of regulatory pathways and the need for further studies to support Anamycin's approval for treating advanced soft tissue sarcoma [36][40]. This summary encapsulates the key points discussed during the Molecular Biotech Key Opinion Leader Webcast, focusing on the innovative treatment Anamycin and its potential impact on the management of soft tissue sarcoma.

Core Insights - Moleculin Biotech, Inc. announced the release of a webcast discussing final data from its U.S. Phase 1B/2 clinical trial evaluating Annamycin for treating soft tissue sarcoma lung metastases [2] - The company is advancing a pipeline of therapeutic candidates targeting hard-to-treat tumors and viruses, with Annamycin being a key program [5] Company Overview - Moleculin Biotech, Inc. is a late-stage pharmaceutical company focused on drug candidates for difficult-to-treat cancers and viruses [2][5] - Annamycin is a next-generation anthracycline designed to avoid multidrug resistance and cardiotoxicity associated with current treatments [5] - The company has initiated the MIRACLE Trial (MB-108), a Phase 3 trial evaluating Annamycin in combination with cytarabine for relapsed or refractory acute myeloid leukemia [6] Clinical Development - The Phase 1B/2 study (MB-106) of Annamycin has received positive input from the FDA, which the company believes has de-risked its development pathway for potential approval [6] - Moleculin is also developing WP1066, an immune/transcription modulator targeting various cancers, and WP1122 for treating pathogenic viruses [7]

Core Viewpoint - Moleculin Biotech, Inc. reported positive topline efficacy results from its Phase 1B/2 clinical trial of Annamycin for treating soft tissue sarcoma lung metastases, indicating significant potential for this treatment option in a challenging cancer market [1][3]. Company Summary - Moleculin Biotech, Inc. is a late-stage pharmaceutical company focused on developing drug candidates for hard-to-treat cancers and viruses, with Annamycin as its lead program [13]. - Annamycin has received Fast Track Status and Orphan Drug Designation from the FDA for both relapsed or refractory acute myeloid leukemia and soft tissue sarcoma [5]. - The company is also advancing other therapeutic candidates, including WP1066 and WP1122, targeting various cancers and pathogenic viruses [16]. Clinical Trial Results - The MB-107 trial demonstrated a Clinical Benefit Rate (CBR) of 59.4%, with 18 subjects showing stable disease and 1 subject achieving a partial response [6]. - Median Progression Free Survival (PFS) was approximately 4 months, and Overall Survival (OS) was around 20 months for optimized dose subjects [6]. - In Phase 2, subjects with fewer prior therapies (≤2) showed improved OS of 19.9 months and PFS of 127 days, indicating better outcomes with Annamycin [6]. Market Opportunity - The soft tissue sarcoma market is projected to grow to $2.6 billion by 2030, with approximately 13,500 new cases expected annually [1][10]. - The current market for soft tissue sarcoma was valued at $1.58 billion in 2024, with a compound annual growth rate (CAGR) of 8.43% anticipated [10]. Study Design - The MB-107 trial was a multi-center, open-label, single-arm study assessing the safety and efficacy of Annamycin as a monotherapy for STS lung metastases [2][11]. - Treatment involved intravenous infusion of Annamycin over 2 hours, followed by a 20-day rest period, with safety monitoring conducted at each cycle [11][12].

Financial Data and Key Metrics Changes - The company ended the quarter with approximately $8 million in cash, which is expected to sustain operations into the third quarter of 2025 [20] - A need to raise approximately $15 million to support operations into the first quarter of 2026 was highlighted [21] - The market capitalization has increased to over $14 million with 14.1 million shares outstanding [22] Business Line Data and Key Metrics Changes - The Phase III MIRACLE trial for Anamycin has officially started, with the first patient treated and 38 sites selected worldwide [5] - The company received complete sign-off from the European Medicines Agency (EMA) for all nine countries intended for the trial in the EU, marking a significant milestone [6] - The company is also working on WP1066, a lead STAT3 inhibitor, which is currently in an investigator-sponsored clinical trial [10] Market Data and Key Metrics Changes - The trading volume has been healthy, with a three-month average of nearly 6 million shares traded per day [22] - A spike in trading volume was noted with approximately 2.4 million shares traded following the EU news [22] Company Strategy and Development Direction - The company aims to position Anamycin as a potentially non-cardiotoxic anthracycline, which could disrupt the market for cancer treatments [24] - The focus is on achieving a complete remission rate of at least 17.5% in the MIRACLE trial to meet FDA approval requirements [18] - The company is also looking to harmonize US and EU trial protocols to streamline the study process [17] Management's Comments on Operating Environment and Future Outlook - Management expressed confidence in the upcoming data readouts and the potential for significant market cap increases based on trial results [23] - The company believes it is well-positioned to achieve FDA approval based on its Phase II efficacy data, which outperforms existing treatments [25] - Management acknowledged the challenges of developing new formulations but remains optimistic about achieving targets by the end of the year [32] Other Important Information - The company announced additional patent protection extending into at least February 2040, enhancing the protection around its core asset [7] - The final data from the MD-107 clinical trial using Anamycin to treat advanced soft tissue sarcoma is expected to be announced soon [8] Q&A Session Summary Question: Does the statement about results being submitted as a substantial modification to the EMA have negative implications for the timeline of EU approval versus US? - Management does not expect significant delays, as the EMA requested additional GLP preclinical data, which can be produced in a timely manner [30] Question: How close is Emory to getting an optimum formulation for IV delivery? - Management believes they are in the implementation stage for a new formulation and expects to have updates by the end of the year [32] Question: Is the $3.5 million a fair run rate for R&D for the rest of the year? - Management indicated that R&D expenses will increase, especially as they head into 2026 with GLP and manufacturing expenses [34]