Molecular Templates, Inc., (NASDAQ: MTEM) a medical stage biopharmaceutical enterprise growing next era immunotoxins known as Engineered Toxin Bodies (ETB) for the treatment of cancer, introduced that the Company will ring the NASDAQ inventory marketplace last bell on Friday, September 1, 2017, at four:00 p.M. EDT.
The bell ringing will celebrate the Companyâs these days finished merger
with Threshold Pharmaceuticals. The newly mixed employer changed its call to Molecular Templates Inc. And started out buying and selling at the Nasdaq Global Market on Wednesday, August 2d beneath the ticker image MTEM. Company employees will join Chief Executive Officer and Chief Scientific Officer Dr. Eric Poma as he performs the honorary final bell ringing ceremony.
A stay move of the rite can be to be had at p.M. EDT.
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âRinging the NASDAQ final bell is a thrilling way to rejoice our current corporate milestones, along with the of the entirety of the merger with Threshold Pharmaceuticals and the remaining of an important fairness financing transaction,â stated Dr. Poma. âWe are actually properly funded to strengthen our clinical candidates MT-3724 and ifosfamide, and leverage our novel ETB platform to extend our developing pipeline of product applicants.â
MT-3724 is Molecular Templates’ lead drug candidate. MT-3724 is in Phase 1 medical trial in closely pre-handled non-Hodgkin’s lymphoma patients at the Memorial Sloan-Kettering Cancer Center, the MD Anderson Cancer Center, and the University of Arizona. An expansion arm of Phase 1 take a look at the focus on relapsed and refractory diffuse massive lymphoma sufferers is set to start enrollment. More information is available at clinicaltrials.Gov.
Ifosfamide (formerly TH-302) is an investigational hypoxia-activated prodrug of a bis-alkylating agent this is preferentially activated underneath extreme hypoxic tumor situations, a function of many strong tumors. Areas of low oxygen levels (hypoxia) in solid tumors are due to inadequate blood vessel deliver. Similarly, the bone marrow of sufferers with hematological malignancies has also been shown, in a few instances, to be critically hypoxic. A Phase 1 clinical trial evaluating ifosfamide in mixture with the immune checkpoint antibody, ipilimumab, is presently ongoing at the M.D. Anderson Cancer Center in Houston Texas. At the identical time, while the PMDA has simply indicated that the modern-day analysis of the MAESTRO information is not sufficient to help the submission of a New Drug Application (NDA) in Japan, Molecular Templates is in ongoing discussions with the PMDA to make clear the scope of a further have a look at, the results of which may additionally then assist the submission of an NDA for ifosfamide in Japan.
About Molecular Templates Friday
Molecular Templates (NASDAQ: MTEM) is targeted on the discovery, improvement, and commercialization of next-technology immunotoxins called Engineered Toxin Bodies (ETB) for the treatment of cancers and different extreme sicknesses. For additional records, please visit Molecular Templatesâ
This press release contains ahead-searching statements that contain full-size risks and uncertainties. All statements, other than an announcement of ancient data, covered in this press release concerning Molecular Templatesâ approach, destiny operations, and plans are forward-searching statements. Examples of such statements encompass, however, aren’t limited to, statements referring to the improvement, capability advantages and make use of and markets for Molecular Templatesâ product candidates, together with MT-3724, MT-4019 and ifosfamide, and predicted clinical trials, together with timing and ability consequences. Actual results or events could range materially from the plans, intentions, expectancies, and projections disclosed in the forward-looking statements. Various crucial factors ought to purpose actual results or occasions to vary materially from the forward-looking statements that Molecular Templates makes, consisting of, but no longer restricted to, the threat that trials and research may be behind schedule and won’t have first-rate effects, potential adverse effects springing up from the trying out or use of MT-3724, MT-4019 and ifosfamide and other dangers described inside the âRisk Factorsâ phase of the proxy statement/prospectus/information assertion filed by means of Threshold with the SEC on June 30, 2017. Molecular Templates does no longer assume any responsibility to update any forward-looking statements, except as required by regulation.
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