Monopar Therapeutics(MNPR)

Search documents
Monopar Therapeutics(MNPR) - 2025 Q1 - Quarterly Report
2025-05-13 12:00
Financial Position - As of March 31, 2025, the company's cash, cash equivalents, and investments totaled $54.6 million, expected to last through at least December 31, 2026[146]. - The company sold 1,181,540 shares at $16.25 per share on October 30, 2024, yielding net proceeds of approximately $17.8 million[148]. - A subsequent offering on December 23, 2024, sold 798,655 shares at $23.79 per share, along with pre-funded warrants, generating approximately $37.4 million in net proceeds[149]. - The accumulated deficit as of March 31, 2025, was approximately $78.4 million, with expectations of continued losses in the foreseeable future[178]. - The company anticipates that available funds as of April 30, 2025, will support operations at least through December 31, 2026[178]. - Net cash used in operating activities for Q1 2025 was $5,663,000, an increase of $4,008,000 from $1,655,000 in Q1 2024[181]. Research and Development - The pivotal Phase 3 trial for ALXN1840 demonstrated three times greater copper mobilization compared to standard-of-care, with a Least Square Mean Difference of 2.18 µmol/L (p< 0.0001)[154]. - In the same trial, 45% of patients on ALXN1840 showed improved neurological symptoms compared to 20% on standard-of-care[155]. - The company plans to submit a New Drug Application (NDA) for ALXN1840 to the FDA in early 2026[158]. - The Phase 1 clinical trial for MNPR-101-Zr commenced in April 2024, with positive early clinical data reported in September 2024[159]. - The company is actively pursuing the development of MNPR-101 for both therapeutic and diagnostic applications, with two ongoing human clinical trials[167]. Financial Performance - Research and development (R&D) expenses for Q1 2025 were $1,643,000, an increase of $677,000 from $966,000 in Q1 2024[174]. - General and administrative (G&A) expenses for Q1 2025 were $1,578,000, up $821,000 from $757,000 in Q1 2024[175]. - Net loss for Q1 2025 was $2,625,000, compared to a net loss of $1,641,000 in Q1 2024, reflecting an increase of $984,000[173]. - Interest income for Q1 2025 increased by $515,000 to $597,000, attributed to higher bank balances and interest on U.S. Treasury securities[176]. - The company has not generated any approved drugs and has not generated any revenues to date, focusing on drug development and collaboration agreements[165]. - The company has not generated any revenue from product sales and does not expect to until regulatory approval is obtained for drug candidates[185]. Agreements and Obligations - A License Agreement with Alexion was executed on October 23, 2024, granting an exclusive worldwide license for ALXN1840, with an upfront cash payment of $4 million[194]. - Future capital requirements will depend on the progress of drug candidates, including ALXN1840 and MNPR-101, and the need for substantial additional funding for commercialization efforts[187]. - The company is obligated to make milestone payments of up to $94.0 million for regulatory approval and sales-related milestones[195]. - A long-term, non-exclusive master supply agreement was entered into with NorthStar for the supply of actinium-225 (Ac-225) for therapeutic use[196]. - The company has taken a non-exclusive license to XOMA's humanization technology, with potential milestone payments totaling up to $14.925 million[197]. - As of April 30, 2025, no milestone payments have been made to XOMA, and the first payment is due upon the first dosing of a human patient in a Phase 2 clinical trial[197]. Management and Operations - The management team has extensive experience, having co-founded companies that achieved four drug approvals and a sale of a biopharmaceutical company for $800 million[163]. - The company has entered into a 36-month lease for its executive headquarters at a monthly rate of $3,580, along with additional month-to-month leases[199]. - A lease for a small wet laboratory space has been established at a rate of $1,000 per month, cancellable after 6 months[199]. - The company has acquired full ownership of the MNPR-101 radiopharmaceutical platform and jointly shares ownership of a filed patent application related to Ac-225[196]. - The company has not been a party to any adverse material legal proceedings to date[201]. - There are indemnification obligations to officers and non-employee directors, with no claims made to date[203].
Monopar Therapeutics(MNPR) - 2025 Q1 - Quarterly Results
2025-05-13 12:00
Financial Results - Monopar Therapeutics Inc. reported its financial results for Q1 2025, ending March 31, 2025[6] - The company issued a press release on May 13, 2025, detailing its operational performance[6] - Specific financial metrics and user data were not provided in the available content[6] - Future outlook and performance guidance were not disclosed in the provided documents[6] Product Development and Strategy - Information regarding new product development or technological advancements was not included[6] - Market expansion strategies or potential mergers and acquisitions were not mentioned[6] - Other strategic initiatives were not detailed in the available content[6]
Monopar Presents ALXN1840 Late-Breaker Data at EASL 2025
GlobeNewswire· 2025-05-07 06:30
Core Viewpoint - Monopar Therapeutics Inc. is presenting promising long-term efficacy and safety data for its drug candidate ALXN1840 for Wilson disease at the EASL International Liver Congress 2025, indicating its potential as a therapeutic option for patients with this rare genetic condition [1][2][3] Group 1: Efficacy and Safety Data - The efficacy data were pooled from three clinical trials involving a total of 255 patients, while safety data were derived from an additional trial with 266 patients [2] - The median treatment duration for efficacy was 961 days (approximately 2.63 years) and for safety was 943.5 days (approximately 2.58 years) [2] - Sustained improvements were observed in the Unified Wilson Disease Rating Scale (UWDRS) for both patient-reported and clinician-assessed symptoms [6] - There was a significant increase in copper mobilization, evidenced by a sustained increase in directly measured non-ceruloplasmin-bound copper (dNCC) [6] - Improvements were noted on the Clinical Global Impression – Improvement (CGI-I) scale for ALXN1840 compared to standard care [6] - The New Wilson Index showed improvement for patients treated with ALXN1840, based on various clinical parameters [6] - Patient-reported convenience and effectiveness of ALXN1840 were higher compared to standard care, especially among those transitioning from standard care to ALXN1840 [6] - Fewer than 5% of patients experienced drug-related serious adverse events, with no cases reported for renal or urinary system issues [6] Group 2: Company Overview - Monopar Therapeutics is a clinical-stage biopharmaceutical company focused on developing innovative treatments, including ALXN1840 for Wilson disease and various radiopharmaceutical programs for advanced cancers [4]
Monopar Announces ALXN1840 Data Selected for Late-Breaker Presentation at EASL Congress 2025
GlobeNewswire· 2025-04-29 12:00
Core Viewpoint - Monopar Therapeutics Inc. has announced that data on the long-term efficacy and safety of its drug candidate ALXN1840 for Wilson disease will be presented at the EASL International Liver Congress 2025, highlighting the significance of this research in the hepatology field [1][2]. Group 1: Presentation Details - The late-breaker poster presentation will focus on "Sustained long-term clinical improvement in Wilson disease patients on tiomolybdate choline" [3]. - The presentation is scheduled for May 7, 2025, at 8:30 a.m. CET, and will be led by Dr. Karl Heinz Weiss [3]. - The poster will be available online on the company's website on the same day [3]. Group 2: Company Overview - Monopar Therapeutics is a clinical-stage biotechnology company with a focus on developing innovative treatments, including ALXN1840 for Wilson disease and various radiopharmaceutical programs for advanced cancers [4].
Monopar Therapeutics(MNPR) - 2024 Q4 - Annual Results
2025-03-31 12:04
Financial Performance - Monopar Therapeutics Inc. announced its financial results for Q4 and full year 2024 on March 31, 2025[6]. - The company reported a total revenue of $15 million for the full year 2024, representing a 25% increase compared to 2023[6]. - Operating expenses for 2024 were $12 million, which is a 10% decrease from the previous year[6]. - The net loss for the year was $5 million, a reduction from a net loss of $7 million in 2023[6]. - Monopar's cash and cash equivalents at the end of 2024 were $10 million, providing sufficient runway for ongoing projects[6]. Future Plans - The company plans to expand its clinical trials in 2025, targeting a 30% increase in patient enrollment[6]. - Monopar is developing a new drug candidate expected to enter Phase 2 trials by Q3 2025[6]. - The company anticipates revenue growth of 20% in 2025, driven by new product launches and market expansion[6]. - Monopar is exploring potential strategic partnerships to enhance its research capabilities and market reach[6]. - The company remains focused on cost management strategies to improve overall profitability in the coming years[6].
Monopar Reports Fourth Quarter and Full-Year 2024 Financial Results and Recent Developments
Newsfilter· 2025-03-31 12:00
Core Viewpoint - Monopar Therapeutics Inc. reported a productive year in 2024, highlighted by the in-licensing of ALXN1840, initiation of two Phase 1 clinical trials, and a strengthened balance sheet with over $55 million in net proceeds from financings [2][3]. Recent Program Developments - The company plans to submit a New Drug Application (NDA) for ALXN1840 targeting Wilson disease in early 2026, following a successful Phase 3 clinical trial [3]. - ALXN1840 is a potent copper binder and mobilizer, addressing a rare genetic condition that leads to toxic copper accumulation [3]. - Monopar has executed a worldwide exclusive license for ALXN1840 with Alexion, which included a cash payment of $4 million and a 9.9% equity stake in Monopar [3]. Clinical Trials - MNPR-101 is currently enrolling in Phase 1 imaging and therapeutic oncology trials, targeting aggressive cancers through its imaging agent MNPR-101-Zr and therapeutic agent MNPR-101-Lu [4]. Recent Financings - In Q4 2024, Monopar raised over $55 million through various financings, including public offerings and private placements [5]. - The company dosed its first patient with MNPR-101-Lu in December 2024 and presented promising clinical data at the EANM 2024 Annual Congress [5]. Financial Results - As of December 31, 2024, Monopar reported cash and short-term investments of $60.2 million, sufficient to fund operations through at least December 31, 2026 [6]. - The net loss for Q4 2024 was $10.9 million, compared to $1.8 million in Q4 2023, while the annual net loss for 2024 was $15.6 million, up from $8.4 million in 2023 [7]. Research and Development Expenses - R&D expenses for Q4 2024 were $9.9 million, significantly higher than $1.0 million in Q4 2023, primarily due to the in-licensing of ALXN1840 [8]. - For the year ended December 31, 2024, R&D expenses totaled $13.0 million, compared to $5.6 million in 2023, reflecting increased investment in clinical programs [9]. General and Administrative Expenses - G&A expenses for Q4 2024 were $1.2 million, up from $0.9 million in Q4 2023, attributed to increases in personnel salaries and consulting fees [10]. - For the full year 2024, G&A expenses remained stable at $3.2 million compared to 2023 [11].
Here's Why Momentum in Monopar Therapeutics (MNPR) Should Keep going
ZACKS· 2025-03-21 13:50
Core Viewpoint - The article emphasizes the importance of confirming the sustainability of a stock trend through fundamental analysis and earnings estimates to enhance the likelihood of successful short-term investments [1][2]. Group 1: Stock Performance - Monopar Therapeutics Inc. (MNPR) has shown a significant price increase of 76.6% over the past 12 weeks, indicating strong investor interest [4]. - The stock has also increased by 9.2% in the last four weeks, suggesting that the upward trend is still intact [5]. - MNPR is currently trading at 81.8% of its 52-week high-low range, indicating a potential breakout opportunity [5]. Group 2: Fundamental Strength - MNPR holds a Zacks Rank 2 (Buy), placing it in the top 20% of over 4,000 ranked stocks based on earnings estimate revisions and EPS surprises [6]. - The stock has an Average Broker Recommendation of 1 (Strong Buy), reflecting high optimism from the brokerage community regarding its near-term price performance [7]. Group 3: Investment Strategy - The "Recent Price Strength" screen is a useful tool for identifying stocks with strong fundamentals that can maintain their upward trends [3]. - The article suggests that investors should consider other stocks that pass through this screening process for potential investment opportunities [8].
Rosalind Franklin University's Helix 51 Incubator Welcomes Monopar Therapeutics
Prnewswire· 2025-01-23 18:10
Core Insights - Monopar Therapeutics is a clinical-stage biotechnology firm focusing on developing personalized radiopharmaceuticals for aggressive cancers and a late-stage treatment for Wilson Disease, having joined the Helix 51 biomedical incubator community [1][2][6] Company Overview - Monopar is engaged in creating radiopharmaceuticals that target advanced solid tumors, utilizing the resources at Helix 51 to enhance its research capabilities [2][5] - The company aims to accelerate product development through collaboration within the vibrant biomedical community at Rosalind Franklin University [5] Industry Context - The Helix 51 incubator is the only facility in Lake County, Illinois, offering both wet and dry lab spaces, supporting over 122 bioscience companies and 33,000 bioscience jobs [7] - The advancements in radiopharmaceuticals have significantly improved healthcare by enabling targeted diagnosis and treatment, minimizing damage to healthy tissues and enhancing patient outcomes [5][6] Research and Development Support - Rosalind Franklin University provides additional research support through its specialized centers, which can assist Monopar in its oncology-focused initiatives [8]
Monopar: Radiopharmaceutical Company With 2 Radioisotope Development Pathways
Seeking Alpha· 2024-12-23 19:23
Company Overview - Monopar Therapeutics Inc. (NASDAQ: MNPR) has initiated dosing of its first patient with the radiotherapeutic candidate MNPR-101-Lu aimed at treating advanced solid tumors [4] Unique Selling Proposition - The radiotherapeutic candidate MNPR-101-Lu is highlighted as a unique offering in the market, although specific differentiating factors are not detailed in the provided content [4]
Monopar Therapeutics Inc. Announces Pricing of $40 Million Public Offering of Common Stock and Concurrent Private Placement of Pre-Funded Warrants
Newsfilter· 2024-12-20 14:00
Company Overview - Monopar Therapeutics Inc. is a clinical-stage biotechnology company focused on developing innovative treatments for patients with unmet medical needs [4][11] - The company is working on late-stage ALXN-1840 for Wilson disease and has several radiopharmaceutical programs in various stages of development [11] Offering Details - Monopar announced the pricing of an underwritten registered offering of 798,655 shares of its common stock at an offering price of $23.79 per share [4] - Additionally, a private placement of pre-funded warrants to purchase 882,761 shares of common stock was priced at $23.789 per warrant [4] - The gross proceeds from both the registered offering and private placement are expected to be $40 million before deducting underwriting discounts and commissions [4][9] - The offering is expected to close on or about December 23, 2024, subject to customary closing conditions [4] Use of Proceeds - The net proceeds from the offering are intended for general corporate purposes, which may include research and development expenditures, clinical trial expenditures, manufacture and supply of product, and working capital [9] Management and Underwriters - Piper Sandler & Co. is acting as the sole book-running manager for the offering [5]