Moleculin Announces New Independent Report Of No Cardiotoxicity In Annamycin
Portfolio Pulse from Benzinga Newsdesk
Moleculin Biotech, Inc. (NASDAQ:MBRX) announced that its drug Annamycin has shown no evidence of cardiotoxicity in a total of 62 subjects across three clinical trials. The drug, a next-generation anthracycline, has demonstrated safety and early activity across multiple clinical studies. The company believes Annamycin could be an effective treatment across multiple oncology indications.
September 18, 2023 | 12:42 pm
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POSITIVE IMPACT
Moleculin's Annamycin has shown no evidence of cardiotoxicity in clinical trials, indicating safety and potential effectiveness in multiple oncology indications. This positive news could boost investor confidence in Moleculin.
The absence of cardiotoxicity in Annamycin is a significant positive for Moleculin as it indicates the drug's safety. This, combined with the drug's potential effectiveness in multiple oncology indications, could make it a promising candidate for future development and commercialization, potentially driving Moleculin's stock price up in the short term.
CONFIDENCE 90
IMPORTANCE 80
RELEVANCE 100