BOCA RATON, Fla., Oct. 29, 2025 (GLOBE NEWSWIRE) -- LIXTE Biotechnology Holdings, Inc. (“LIXTE” or the “Company”) (Nasdaq: LIXT, LIXTW), a clinical-stage pharmaceutical company advancing LB-100, a first-in-class inhibitor of protein phosphatase 2A (PP2A), today announced that Geordan Pursglove, its chief executive officer, will present at the Spartan Capital Investor Conference 2025 in New York, on November 3, 2025, at 4 p.m. ET. Management will conduct one-on-one meetings with investors during the conferen ...

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]

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].

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].

Core Insights - LIXTE Biotechnology Holdings, Inc. has completed two financings, raising a total of $6.5 million, which has allowed the company to regain compliance for continued listing on Nasdaq [1][3] - The company has announced management changes, including the appointment of Geordan Pursglove as Chairman and CEO, and the addition of two new independent board members [1][3] - Recent findings published in the journal Nature validate LIXTE's ongoing clinical trials with its lead compound, LB-100, for treating ovarian and colorectal cancer [1][2][3] Financing Activities - LIXTE completed a private placement with accredited investors, raising approximately $5 million, and a registered direct offering, raising approximately $1.5 million [3] - The proceeds from these financings will be used for general corporate purposes and working capital [3] Management Changes - Geordan Pursglove was appointed as Chairman and CEO in June 2025, succeeding Bas van der Baan, who became President and Chief Scientific Officer [3] - Jason Sawyer and Michael Holloway, MD, joined LIXTE's Board as independent directors in July 2025 [3] Scientific Developments - The publication in Nature highlights that patients with tumors having inactivating mutations in PPP2R1A showed significantly better overall survival when treated with immune checkpoint blockade therapy [2][3] - LIXTE has initiated a new pre-clinical study in collaboration with the Netherlands Cancer Institute to test the efficacy of LB-100 on "initiated" cells carrying mutations found in cancer cells [3] Product Pipeline - LIXTE's lead compound, LB-100, is a first-in-class PP2A inhibitor that is well-tolerated in cancer patients and has the potential to enhance chemotherapy and immunotherapy [4][5] - Clinical trials are currently in progress for Ovarian Clear Cell Carcinoma, Metastatic Colon Cancer, and Advanced Soft Tissue Sarcoma [5]

Core Viewpoint - LIXTE Biotechnology Holdings, Inc. has regained compliance with Nasdaq's Listing Rule 5550(b)(1) after successfully closing a $5.0 million placement and a $1.5 million registered direct offering, ensuring its continued listing on the Nasdaq Capital Market [1][2]. Company Overview - LIXTE is a clinical-stage pharmaceutical company focused on developing and commercializing cancer therapies, particularly targeting new areas in cancer drug development [3][4]. - The company's lead clinical compound, LB-100, is a first-in-class PP2A inhibitor that has shown promise in enhancing chemotherapies and immunotherapies for cancer patients [3][4]. Financial Health - The recent capital raises of $5.0 million and $1.5 million have bolstered the company's financial position, allowing it to meet the minimum equity requirement of $2.5 million for Nasdaq compliance [1][2]. - CEO Geordan Pursglove emphasized the company's commitment to maintaining its Nasdaq listing and improving its financial health while pursuing clinical trials for various cancers [3]. Clinical Development - LIXTE is currently conducting proof-of-concept clinical trials for ovarian clear cell carcinoma, metastatic colon cancer, and advanced soft tissue sarcoma [4]. - The company is pioneering a new treatment paradigm in cancer biology known as activation lethality, supported by a comprehensive patent portfolio [4].

Core Viewpoint - Lixte Biotechnology Holdings, Inc. has successfully closed a registered direct offering, raising approximately $1.5 million through the sale of shares of Common Stock and Pre-Funded Warrants [1][3]. Group 1: Offering Details - The offering included the sale of 974,026 shares of Common Stock or Pre-Funded Warrants, with a public offering price of $1.54 per share [2]. - The Pre-Funded Warrants are immediately exercisable and can be exercised at any time until fully exercised [2]. - The gross proceeds from the transaction amounted to approximately $1.5 million, and the transaction closed on July 8, 2025 [3]. Group 2: Use of Proceeds - The net proceeds from the offering, along with existing cash, are expected to be used for general corporate purposes and working capital [3]. Group 3: Company Overview - Lixte Biotechnology Holdings, Inc. is a clinical-stage pharmaceutical company focused on developing new cancer therapies, particularly its lead clinical compound, LB-100, which has shown potential in enhancing chemotherapies and immunotherapies [6][7]. - LB-100 is part of a new treatment paradigm in cancer biology known as activation lethality, and proof-of-concept clinical trials are currently underway for various cancer types [7].

Core Viewpoint - LIXTE Biotechnology Holdings, Inc. is initiating a pre-clinical study in collaboration with the Netherlands Cancer Institute to explore the potential of its compound LB-100 in eliminating "initiated" cells that carry mutations associated with cancer [1][2]. Group 1: Study Details - The new study will focus on whether LB-100 can eliminate "initiated" cells with a mutant RAS oncogene in animal models, which could significantly reduce the risk of developing various cancers as individuals age [3]. - The study is part of LIXTE's broader strategy to enhance cancer prevention efforts alongside ongoing clinical trials for ovarian and colorectal cancers [2]. Group 2: Leadership and Expertise - The study will be led by Dr. René Bernards, a prominent figure in molecular carcinogenesis and a member of LIXTE's Board of Directors, highlighting the expertise behind the research [4]. Group 3: Company Background - LIXTE is a clinical-stage pharmaceutical company focused on developing new cancer therapies, with its lead compound LB-100 showing promise in terms of patient tolerance and low toxicity during Phase 1 clinical trials [5][6]. - LB-100 is positioned as a first-in-class PP2A inhibitor, with potential applications in enhancing chemotherapies and immunotherapies for cancer patients [5].