Welcome to our dedicated page for Lantern Pharma news (Ticker: LTRN), a resource for investors and traders seeking the latest updates and insights on Lantern Pharma stock.
Lantern Pharma Inc. (Symbol: LTRN) is at the forefront of innovation in the realm of cancer treatment, striving to deliver the most effective therapies to patients who are poised to benefit the most. The company employs a pioneering precision medicine approach to cancer treatment, leveraging biomarker-based genetic screening to identify and treat patients who would derive the greatest benefit from their drugs. This method not only reduces the cost of drug development but also expedites the time to market.
Lantern Pharma's core business revolves around its proprietary artificial intelligence (AI) and machine learning (ML) platform, RADR. The RADR platform assimilates oncology-focused data points and utilizes advanced ML algorithms to address complex, billion-dollar challenges in cancer drug development. This innovative platform has significantly accelerated the company's growing pipeline of precision therapies, with input from world-class scientific advisors and collaborators.
In addition to its in-house development, Lantern Pharma adopts a strategic approach by acquiring or partnering with promising drug and diagnostic companies. This strategy is aimed at advancing personalized medicine programs for cancer patients, thus broadening the company's impact in the oncology space.
With a commitment to transforming the cost, pace, and timeline of oncology drug discovery and development, Lantern Pharma continues to make strides in the development of precision therapies. The company's recent achievements and ongoing projects underscore its potential to revolutionize cancer treatment and deliver significant value to both patients and stakeholders.
Lantern Pharma (LTRN) has successfully closed a public offering of 4,928,571 shares at $14.00 each, raising gross proceeds of approximately $69 million. The offering included 642,856 shares from the underwriter's over-allotment option. This follows the effective registration statement filed on January 14, 2021. Lantern focuses on transforming cancer drug development through its proprietary RADR® AI platform, targeting precision therapeutics for oncology. The funds raised may support the advancement of its clinical pipeline addressing unmet patient needs.
Lantern Pharma (LTRN) has announced a public offering of 4,285,715 shares at $14.00 per share, aiming for gross proceeds of $60 million, set to close on January 20, 2021. The underwriters hold a 45-day option to purchase an additional 642,856 shares to cover over-allotments. The offering is managed by ThinkEquity and Colliers Securities. A registration statement was filed with the SEC and is effective as of January 14, 2021. Lantern Pharma focuses on repurposing cancer therapies using AI and has two clinical-stage and one preclinical drug in its pipeline.
Lantern Pharma (LTRN) has announced the initiation of an Antibody Drug Conjugate (ADC) program, collaborating with Califia Pharma for development and evaluation. This program aims to target solid tumors and blood cancers using innovative linker technologies and DNA damage compounds, LP-100 and LP-184. Industry analysts project the global ADC market could exceed $10 billion by 2026. Lantern will leverage its RADR® A.I. platform to identify optimal cancer types and biomarker signatures for targeted therapies, intending to launch clinical trials by 2022.
Lantern Pharma (LTRN) announced a collaboration with Johns Hopkins to advance its LP-184 drug candidate for glioblastoma multiforme (GBM). This partnership aims to develop targeted applications for LP-184, utilizing patient-derived cancer models to enhance the understanding of its mechanisms. CEO Panna Sharma emphasized the significance of this collaboration in harnessing advanced methodologies and expanding the RADR® A.I. platform's data capabilities. The initiative seeks to improve patient outcomes in GBM, which has a grim five-year survival rate of only 5.5%.
Lantern Pharma (LTRN) announced promising preclinical data showing that its drug candidate, LP-184, can effectively cross the blood-brain barrier, crucial for treating Glioblastoma Multiforme (GBM). GBM, the most aggressive brain cancer, has a median survival of only 15 months and no current cure. The global GBM market is expected to reach $3.3 billion by 2024. Unlike standard treatments, LP-184 has a different mechanism of action, making it a potential option for patients resistant to current therapies. Lantern aims to accelerate clinical trials for LP-184, targeting a broader spectrum of CNS cancers.
Lantern Pharma (NASDAQ: LTRN), a clinical-stage biopharmaceutical company, announced its CEO, Panna Sharma, will participate in three virtual investor events this December. Notable events include the Diamond Equity Research Emerging Growth Invitational on December 1, 2020, and the Benzinga Global Small Cap Conference on December 9, 2020. Lantern Pharma utilizes its proprietary RADR® A.I. platform for oncology drug development, focusing on drug repurposing and improving patient outcomes by identifying suitable candidates based on genomic profiles.
Lantern Pharma Inc. (NASDAQ: LTRN) reported financial results for Q3 2020, highlighting significant advancements in oncology drug development and its proprietary AI platform, RADR®. The company has three compounds in development: LP-100 in Phase 2 for metastatic prostate cancer, LP-300 preparing for Phase 2 for non-small cell lung cancer, and LP-184 in preclinical stages for various cancers. Notably, RADR® surpassed one billion data points, enhancing the drug development process. Cash and equivalents stood at $20.8 million, marking a substantial rise from $1.2 million at 2019's end, while net losses increased to $1.7 million.
Lantern Pharma (LTRN) will host a conference call on October 29, 2020, at 4:00 p.m. ET to discuss its financial and operating results for the third quarter ending September 30, 2020. The call, led by CEO Panna Sharma, will be accessible via teleconference and online, with a replay available until November 29, 2020. Lantern Pharma focuses on drug discovery and development in oncology, utilizing its RADR® artificial intelligence platform to optimize therapeutic outcomes for patients.
Lantern Pharma (NASDAQ: LTRN) announced an enhanced collaboration with Georgetown University focusing on LP-184, a small molecule drug candidate for targeted treatment of certain solid tumors like prostate and pancreatic cancers. The initial phase yielded strong evidence of LP-184's efficacy, particularly in prostate cancer cells expressing PTGR1. Next steps involve expanding research to validate LP-184's mechanism of action and confirming genomic data which could lead to more personalized treatments. Lantern aims to streamline drug development costs using its RADR® AI platform.
Lantern Pharma (LTRN) has announced a collaboration with Fox Chase Cancer Center to advance the development of LP-184 for pancreatic cancer. The partnership aims to create a robust gene signature to enhance the efficacy of targeted therapies. CEO Panna Sharma emphasized the importance of collaborations in leveraging their RADR® A.I. platform for drug development. This agreement could streamline the path to clinical trials, potentially reducing costs and improving patient outcomes in a field where survival rates remain low. LP-184 is a next-generation alkylating agent currently in preclinical development.
FAQ
What is the current stock price of Lantern Pharma (LTRN)?
What is the market cap of Lantern Pharma (LTRN)?
What does Lantern Pharma Inc. specialize in?
What is the RADR platform?
How does Lantern Pharma's approach reduce drug development costs?
What is the company's strategy for growth?
How does Lantern Pharma use AI in drug development?
Who are the key collaborators with Lantern Pharma?
What are some of Lantern Pharma's recent achievements?
Why is precision medicine important in cancer treatment?
How does Lantern Pharma's strategy benefit cancer patients?
What is the significance of biomarker-based genetic screening?
