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 buying and selling at the Nasdaq Global Market on Wednesday, August 2 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 entirety of the merger with Threshold Pharmaceuticals and the remaining of an important fairness financing transaction,â stated Dr. Poma. We are 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
About MT-3724
MT-3724 is Molecular Templates’ lead drug candidate. MT-3724 is in a 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, which takes 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.
About Evofosfamide
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 delivery. Similarly, the bone marrow of sufferers with hematological malignancies has also been shown to be critically hypoxic in a few instances. A Phase 1 clinical trial is ongoing to evaluate ifosfamide in a mixture with the immune checkpoint antibody ipilimumab at the M.D. Anderson Cancer Center in Houston, Texas. At the same time, while the PMDA has 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 at discovering, improving, and commercializing next-technology immunotoxins called Engineered Toxin Bodies (ETB) for treating cancers and different extreme sicknesses. For additional records, please visit Molecular Templatesâ.
Forward-Looking Statements
This press release contains ahead-searching statements that have full-size risks and uncertainties. Other than an announcement of ancient data, all statements covered in this press release concerning the Molecular Templatesâ approach, destiny operations, and plans are forward-searching statements. Examples of such statements encompass, however, aren’t limited to, words 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 differ 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 using Threshold with the SEC on June 30, 2017. Molecular Templates no longer assumes any responsibility to update forward-looking statements except as regulation requires.
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