Friday, November 3, 2017

=Bio-Path Holdings (BPTH) : $4 million registered direct offering






Bio-Path announces $4 mln registered direct offering at $0.30 of 13,333,332 shares of common stock and warrants to purchase up to 6,666,666 shares of common stock


Description

Bio-Path Holdings, Inc. is a clinical and preclinical stage oncology focused antisense drug development company. The Company utilizes a technology that achieves systemic delivery for target specific protein inhibition for any gene product that is over-expressed in disease. Its drug delivery and antisense technology, DNAbilize, is a platform that uses P-ethoxy, a deoxyribonucleic acid backbone modification. Its lead drug candidate, Liposomal Grb2 (BP1001), targets the protein Growth factor receptor-bound protein 2 (Grb2). Its other liposome delivered antisense drug candidate, Liposomal Bcl2 (BP1002), targets the protein B-cell lymphoma 2 (Bcl2). BP1001 is in Phase II clinical trials for acute myeloid leukemia, and for blast phase and accelerated phase chronic myelogenous leukemia. BP1002 is intended to target the lymphoma and certain solid tumor markets. BP1001 is also in preclinical studies for solid tumors, including triple negative breast cancer and inflammatory breast cancer.

Key stats and ratios

Q2 (Jun '17)2016
Net profit margin--51923.08%
Operating margin--65192.31%
EBITD margin--63623.08%
Return on average assets-81.48%-58.82%
Return on average equity-143.10%-74.76%
Employees12

No comments:

Post a Comment