Categories Earnings, Health Care

Bio-Path Holdings (NASDAQ: BPTH): 2019 Earnings Snapshot

— Bio-Path Holdings Inc. (NASDAQ: BPTH) reported a loss of $3.24 share for the full year 2019, narrower than a loss of $14.38 per share in the previous year.

— Research and development expenses remained flat from the last year at $4.6 million.

Earnings Update by AlphaStreet

— General and administrative expenses were $4.1 million during the year ended December 31, 2019, up 21% from last year, primarily due to increased legal fees and salaries and benefits expense.

— The company is in the process of initiating a phase 1 study of second pipeline candidates in the first half of this year to evaluate the ability of BP1002 to treat refractory/relapsed lymphoma and chronic lymphocytic leukemia patients.

— The company is nearing completion of an investigational new drug (IND)-enabling studies of BP1003 for the treatment of solid tumors, including pancreatic cancer, and expects to file an IND application for phase 1 study in 2020.

— Following the successful completion of the safety testing in Stage 2 of phase 2 clinical trial of prexigebersen in acute myeloid leukemia (AML), the company now plans to advance this program to its next stage in the first half of 2020.

— The company filed an IND application for prexigebersen in the treatment of solid tumors including ovarian and endometrial cancer and expects to start that study later this year.

Browse through our earnings calendar and get all scheduled earnings announcements, analyst/investor conference and much more!

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