Moleculin Biotech's Stock Is Trading Higher On Accelerated Review Tag For Annamycin In Connective Tissue Cancer

  • The FDA has approved Moleculin Biotech Inc's MBRX request for Fast Track Designation for its drug, Annamycin, to treat soft tissue sarcoma (STS) lung metastases.
  • The designation marks the second Fast Track status from the FDA for Annamycin.
  • The company is focused on initiating an internally funded clinical trial in the U.S., possibly before mid-year.
  • It recently announced a $1.5 million grant awarded in Poland for an investigator-initiated clinical trial there for this indication which should start later this year.
  • Price Action: MBRX shares are up 20.5% at $4.46 in premarket trading on the last check Tuesday.
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Posted In: BiotechNewsPenny StocksHealth CareFDAGeneralConnective Tissue CancerFast Track Designation
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