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Greenwich LifeSciences, Inc. (NASDAQ: GLSI) is a clinical-stage biopharmaceutical company dedicated to the development of groundbreaking immunotherapies aimed at preventing breast cancer recurrences. The company's flagship product, GP2, is an immunotherapy designed to stimulate the body's immune system to target and eliminate HER2/neu-expressing cancer cells, particularly in patients who have already undergone surgery for breast cancer.
GP2 leverages the HER2/neu transmembrane peptide to elicit a targeted immune response, providing a promising approach to cancer treatment. Another significant component of their pipeline is the GM-CSF Immunoadjuvant, which has shown potential in enhancing monocyte and neutrophil cytotoxicity against melanoma tumor cells, as well as boosting activity-dependent cellular cytotoxicity against targets coated with anti-ganglioside antibodies.
The company’s ongoing clinical trials are a testament to its commitment to innovation and excellence in cancer treatment. These trials are being conducted in collaboration with a steering committee comprising esteemed members from various medical institutions, ensuring rigorous oversight and adherence to the highest standards of clinical research.
Greenwich LifeSciences places a strong emphasis on advancing cancer immunotherapy to selectively stimulate an individual's immune system to attack cancer cells, thereby inhibiting the spread of the disease. Their work not only focuses on breast cancer but extends to other cancer types, showcasing a broad potential for impact in oncology.
With a robust pipeline, strategic partnerships, and a clear focus on unmet medical needs, Greenwich LifeSciences is poised to be a leader in the biopharmaceutical industry. Investors and stakeholders can stay updated on the latest developments and company performance through regular news updates and reports.
Greenwich LifeSciences (NASDAQ: GLSI) has announced a partnership with Gruppo Italiano Mammella (GIM), Italy's largest academic cooperative breast cancer research group, for its Phase III FLAMINGO-01 trial. Nine top GIM institutions, with over 150 participating centers and 500 investigators, will participate in testing GLSI-100, an immunotherapy to prevent breast cancer recurrences. The partnership addresses a significant medical need in Italy, where 58,160 new breast cancer cases were diagnosed in 2022, representing 30% of all female cancers. Patient enrollment has already begun at Italian sites, with Professor Grazia Arpino serving as the Italian National Principal Investigator.
Greenwich LifeSciences (Nasdaq: GLSI), a clinical-stage biopharmaceutical company developing GLSI-100 immunotherapy for breast cancer recurrence prevention, has provided an update on its corporate events calendar. The company has participated in multiple scientific meetings, healthcare conferences, and investment events throughout 2024, including the GBG Annual Scientific Meeting, ASCO Annual Meeting, BIO International Convention, and various healthcare investment conferences. Upcoming events include the Jefferies London Healthcare Conference, San Antonio Breast Cancer Symposium, Annual Meeting of Stockholders, and conferences extending into early 2025.
Greenwich LifeSciences (Nasdaq: GLSI) has provided an update on the expansion of its Phase III clinical trial, FLAMINGO-01, into Spain. The company has partnered with GEICAM, Spain's largest academic breast cancer research network, with 38 hospitals agreeing to participate. Approximately 30 out of 38 sites have conducted site initiation visits (SIVs), and 19 sites have been activated. Multiple sites have begun screening patients for HLA type and started treatment. The company has personally visited and trained staff at 26 out of 38 sites.
CEO Snehal Patel noted that the progress in Spain from May through July has approximately doubled the number of sites opened compared to the US. The company plans to expand the clinical trial to up to 150 sites across the US, Spain, Italy, France, Germany, and Poland.
Greenwich LifeSciences (Nasdaq: GLSI), a clinical-stage biopharmaceutical company, announced it will rejoin the Russell 2000 and Russell 3000 Indexes. This reconstitution will take effect on July 1, 2024. GLSI is focused on its Phase III clinical trial, FLAMINGO-01, which evaluates GLSI-100, an immunotherapy for preventing breast cancer recurrences. CEO Snehal Patel noted that the inclusion in the Russell 2000 Index is anticipated to increase institutional ownership, reflecting the company's progress in expanding FLAMINGO-01 into Europe and up to 150 clinical sites globally.
Greenwich LifeSciences (Nasdaq: GLSI) announced a private placement agreement with CEO Snehal Patel. The agreement involves the sale of 174,825 shares at $14.30 per share, totaling approximately $2.5 million. The closing is anticipated around June 18, 2024, subject to customary conditions. The proceeds will be used for clinical development and working capital. No investment banking fees are involved, and Patel has agreed to a one-year lock-up period for the acquired shares. The transaction was conducted under Section 4(a)(2) of the Securities Act of 1933 and Regulation D, meaning the shares are not registered and can only be resold under certain conditions.
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