Salarius Pharmaceuticals, Inc. Common Stock
SLRXSalarius Pharmaceuticals, Inc. (SLRX) is a biotechnology company focused on developing targeted therapies for cancer treatment. The company leverages its proprietary precision oncology platform to identify and develop novel drug candidates aimed at addressing unmet medical needs in various cancer types. Salarius aims to advance therapies that improve patient outcomes through innovative approaches in cancer research.
Company News
Several biotech companies reported significant developments, including Kraig Labs' breakthrough in spider silk production, Salarius Pharmaceuticals' public offering, Humacyte's Q3 progress, and CorMedix's record quarterly earnings.
Salarius Pharmaceuticals announced two animal studies supporting the potential of its drug seclidemstat in inhibiting LSD1, a target in cancer treatment. The company is progressing a clinical study at MD Anderson Cancer Center and planning a merger with Decoy Therapeutics.
Salarius Pharmaceuticals is discontinuing its Phase 1/2 clinical trial for the drug seclidemstat in the treatment of Ewing sarcoma. The company is seeking strategic alternatives to maximize shareholder value as it faces financial and operational challenges.
Salarius (SLRX) delivered earnings and revenue surprises of 11.11% and -100.00%, respectively, for the quarter ended September 2021. Do the numbers hold clues to what lies ahead for the stock?
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