Moleculin Commences NIH-Funded Phase 2 Clinical Trial Of STAT3 Inhibitor For Glioblastoma
Portfolio Pulse from Benzinga Newsdesk
Moleculin Biotech has commenced a Phase 2 clinical trial of its STAT3 inhibitor, WP1066, for glioblastoma. The trial, funded by the NIH, is being conducted at Northwestern University and combines WP1066 with radiation, showing promising results in animal models.
May 15, 2024 | 12:40 pm
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Moleculin Biotech has initiated a Phase 2 clinical trial for its STAT3 inhibitor, WP1066, targeting glioblastoma. The trial, funded by the NIH and conducted at Northwestern University, combines WP1066 with radiation, showing significant therapeutic response and immune memory in animal models.
The commencement of a Phase 2 clinical trial, especially one funded by the NIH, is a significant milestone for Moleculin Biotech. Positive results in animal models and the combination with radiation therapy suggest potential efficacy, likely boosting investor confidence and positively impacting the stock price in the short term.
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