LIXTE Biotechnology Provides Update On Clinical Progress And Expanding Collaborations
Portfolio Pulse from Benzinga Newsdesk
LIXTE Biotechnology Holdings, Inc. (LIXT) has reported progress in the development of its cancer therapy LB-100, with collaborations at various prestigious institutions and pharmaceutical companies. These include a Phase 1b/2 trial with GSK and MD Anderson, a trial with the Spanish Sarcoma Group, and an expanded collaboration with the Netherlands Cancer Institute and Oncode Institute. Bas van der Baan was appointed as President and CEO, and Chairman of the Board after the founder's passing. LIXTE also completed a funding round raising approximately $3.5 million in gross proceeds.
November 13, 2023 | 1:51 pm
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LIXTE Biotechnology has announced significant clinical progress and strategic collaborations for its LB-100 cancer therapy, along with corporate updates including leadership changes and successful fundraising.
The positive clinical progress and expanding collaborations for LIXTE's LB-100 are likely to be viewed favorably by investors, potentially leading to a short-term increase in stock price. The appointment of a new CEO with extensive industry experience and the successful capital raise are additional positive indicators that may boost investor confidence.
CONFIDENCE 85
IMPORTANCE 90
RELEVANCE 100