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Moleculin’s Annamycin Extends Survival by More Than 60% in Metastatic Pancreatic Cancer Preclinical Models - Data Presented at AACR 2026

(Very High)
(Positive)
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Moleculin (Nasdaq: MBRX) presented AACR 2026 preclinical data showing liposomal Annamycin (L-ANN) produced significant tumor volume reduction in multiple PDAC models (p<0.001) and extended median survival by more than 60% in a metastatic model (29 vs 18 days; p=0.0003).

Pharmacokinetics showed higher pancreatic and tumor accumulation versus doxorubicin (p<0.0001), L-ANN induced CD8+ and CD4+ T-cell infiltration, and no cardiotoxicity was observed, supporting further evaluation alone and with checkpoint or KRAS inhibitors.

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Positive

  • Median survival extended >60% (29 vs 18 days) in a metastatic PDAC model (p=0.0003)
  • Significant tumor volume reduction across multiple PDAC models (p<0.001)
  • Significantly higher pancreatic and tumor accumulation versus doxorubicin (p<0.0001)
  • Increased CD8+ and CD4+ T-cell infiltration in tumor microenvironment
  • Demonstrated absence of cardiotoxicity in preclinical studies

Negative

  • None.

News Market Reaction – MBRX

+1.60%
4 alerts
+1.60% Session close to close
-32.5% Trough Tracked
$13.34M Market Cap
1.3x Rel. Volume

In the Apr 23 session, MBRX gained 1.60%, reflecting a mild positive market reaction. Argus tracked a trough of -32.5% from its starting point during tracking. Our momentum scanner triggered 4 alerts that day, indicating moderate trading interest and price volatility.

Data tracked by StockTitan Argus on the day of publication.

Market Context

This announcement highlights robust preclinical pancreatic cancer data for Annamycin, including >60%...
Analysis

This announcement highlights robust preclinical pancreatic cancer data for Annamycin, including >60% median survival extension and strong tumor inhibition in multiple PDAC models. It complements earlier MIRACLE trial progress and a preliminary 40% CRc signal in AML. At the same time, investors must weigh warrant overhang of 6,367,956 shares and dependence on upcoming MIRACLE readouts. Key metrics to watch include future clinical pancreatic studies, MIRACLE interim results, and any updates on financing under the effective S-3 shelf.

Key Figures

Median survival: 29 days vs 18 days Survival extension: More than 60% Tumor inhibition p-value: p<0.001 +5 more
8 metrics
Median survival 29 days vs 18 days Metastatic pancreatic cancer preclinical model (L-ANN vs control)
Survival extension More than 60% Median survival benefit vs control in metastatic model
Tumor inhibition p-value p<0.001 Tumor growth inhibition across multiple PDAC models
Tissue accumulation p-value p<0.0001 Higher pancreatic tissue and tumor accumulation vs doxorubicin
CRc rate 40% Preliminary blinded MIRACLE data in first 30 subjects
Registered warrant shares 6,367,956 shares Shares registered for resale under S-3/424B3
Warrant exercise price $2.3976 per share Inducement warrants from February 2026 offer
Potential warrant proceeds $15.3M Gross proceeds on full cash exercise at initial price

Historical Context

5 past events · Latest: Apr 21 (Positive)
Pattern 5 events
Date Event Sentiment 24h Move Catalyst
Apr 21 Conference abstract Positive -1.2% ASCO poster acceptance on Annamycin cardiac safety profile in high-exposure setting.
Apr 07 Investor communication Positive +3.9% CEO Corner segment emphasizing Annamycin’s non-cardiotoxic safety across studies.
Mar 23 Clinical milestone Positive +1.9% 45-subject enrollment milestone and interim MIRACLE unblinding preparations.
Mar 19 Earnings & update Positive -1.0% Full-year 2025 results and MIRACLE CRc data with funding into Q3 2026.
Mar 17 Conference appearance Positive +5.4% Planned presentation at the 38th Annual ROTH Conference for investor outreach.

24h Move is the share-price change in the day after each event; other market factors may also have contributed.

Pattern Detected

Recent news has generally been positive, with three out of five events seeing share gains within 24 hours and two showing mild selloffs on good news.

Recent Company History

Over the past months, Moleculin has focused on advancing Annamycin and its MIRACLE trial. On Mar 17 and Mar 23, the company highlighted conference participation and MIRACLE enrollment progress. Later updates on preliminary 40% CRc data and full-year 2025 results confirmed funding into the third quarter of 2026. In April, investor communications and ASCO acceptance reinforced Annamycin’s non-cardiotoxic profile. Today’s AACR preclinical pancreatic cancer data extend that narrative into a new solid tumor indication.

Key Terms

anthracycline, orthotopic, syngeneic, pharmacokinetic, +4 more
8 terms
anthracycline medical
"Non-cardiotoxic anthracycline demonstrates activity where traditional chemotherapies..."
An anthracycline is a type of powerful medicine used to treat cancer, working by killing or stopping the growth of cancer cells. Because these drugs can have significant side effects and influence healthcare costs, they are closely watched by investors, especially in the pharmaceutical and healthcare sectors. Their development and use can impact the financial performance of companies involved in cancer treatment.
orthotopic medical
"Significant tumor volume reduction across multiple PDAC models, including orthotopic human..."
Orthotopic describes placing tissue, cells, an organ, or a disease model in its normal anatomical location—for example, transplanting a liver into the liver bed or studying a tumor in the organ where it naturally grows. Investors watch for orthotopic approaches because they tend to produce results that better predict real-world safety and effectiveness than unnatural models, so they can improve the credibility of clinical data and influence regulatory and commercial prospects.
syngeneic medical
"...multiple PDAC models, including orthotopic human and syngeneic systems (p<0.001)"
Syngeneic describes cells, tissues, or whole animals that are genetically identical or from the same strain so they do not trigger immune rejection when transferred between individuals. Investors should care because syngeneic models are used in preclinical research to test therapies in an immune-compatible setting, which can make early results more predictable or limited in how well they will translate to genetically diverse human patients—like testing a product only on one exact phone model.
pharmacokinetic medical
"Pharmacokinetic analyses further demonstrated enhanced tumor penetration and retention..."
Pharmacokinetic describes how a drug moves through and leaves the body — how it is absorbed, spread to tissues, broken down and excreted — like tracking a package from pickup to delivery and disposal. For investors, these properties determine effective dose, safety risks, how often a medicine must be taken, and how reliably it works, which in turn influence clinical trial success, regulatory approval chances, production complexity and a drug’s commercial value.
checkpoint inhibitors medical
"...supporting its evaluation...in combination with other drugs, including immune checkpoint and KRAS inhibitors."
Checkpoint inhibitors are drugs that help the immune system recognize and attack cancer cells by blocking certain proteins that normally keep immune responses in check. They act like brakes being released on the immune system, allowing it to target tumors more effectively. These medicines are important for investors because they represent a promising area of cancer treatment with growing research, development, and commercial potential.
KRAS inhibitors medical
"...combination with other drugs, including immune checkpoint and KRAS inhibitors."
KRAS inhibitors are drugs designed to block the action of a protein produced by the KRAS gene, which can act like a stuck accelerator in some cancer cells and drive uncontrolled growth. For investors, they matter because successful inhibitors can become high-value medicines with large patient demand, but they also carry typical drug-development risks—clinical trial, safety and approval uncertainty—that can sharply affect a drugmaker’s prospects and stock value.
tumor microenvironment medical
"L-ANN was shown to induce immune activation within the tumor microenvironment..."
The tumor microenvironment is the immediate area surrounding a cancer cell, made up of nearby cells, blood vessels, and support structures that influence how the cancer grows and spreads. It functions like a bustling neighborhood that can either help or hinder the tumor’s development. For investors, understanding changes in this environment can signal the effectiveness of treatments and potential shifts in a cancer-related market.
Phase 2B/3 medical
"The MIRACLE trial is a global, adaptive Phase 2B/3 clinical study..."
A phase 2b/3 trial is a combined late-stage clinical study that first refines the best dose and measures how well a treatment works (phase 2b) then expands to a larger, definitive test of safety and effectiveness needed for regulatory approval (phase 3). For investors, results from a phase 2b/3 act like a dress rehearsal that turns into opening night: positive, well-controlled outcomes substantially raise the chance of approval and future sales, while failures can sharply reduce a drug’s value.

AI-generated analysis. How Rhea-AI works. Not financial advice.

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Non-cardiotoxic anthracycline demonstrates activity where traditional chemotherapies have historically failed, supporting potential expansion of Annamycin into a major unmet-need indication

Significant tumor volume reduction across multiple PDAC models, including orthotopic human and syngeneic systems (p<0.001)

Significantly higher tumor and pancreatic tissue accumulation than doxorubicin (p<0.0001), providing a mechanistic basis for Annamycin’s activity where traditional anthracyclines have historically failed

Induced infiltration of CD8+ and CD4+ T cells, suggesting potential to convert immunologically “cold” pancreatic tumors into responders and supporting future combinations with checkpoint and KRAS inhibitors

Continues to demonstrate the absence of cardiotoxicity, a well-documented limitation of conventional anthracyclines such as doxorubicin

HOUSTON, April 23, 2026 (GLOBE NEWSWIRE) -- Moleculin Biotech, Inc., (Nasdaq: MBRX) (“Moleculin” or the “Company”), today announced the presentation of new preclinical data at the American Association for Cancer Research (AACR) Annual Meeting 2026 highlighting the potential of its lead drug candidate, Annamycin, in pancreatic cancer. Access the poster here.

“We are highly encouraged by these results, which demonstrate compelling anti-tumor activity in pancreatic cancer models. Importantly, these findings are consistent with the effects we continue to observe with Annamycin in AML,” said Walter Klemp, Chairman and Chief Executive Officer of Moleculin. “This consistency across both hematologic and solid tumor settings reinforces our confidence in Annamycin’s underlying mechanism.”

“It is important to highlight that the clinical landscape continues to reflect the trend toward increased use of combination therapies, especially those that combine innovative targeted mechanisms with time-tested cytotoxic payloads. It’s in these settings that Annamycin’s potential may be at its greatest considering its lack of cardiotoxicity, greater tolerability and ability to avoid resistance mechanisms. We believe these data underscore Annamycin’s potential to expand into additional high-need cancer indications,” added Mr. Klemp

The data demonstrate that liposomal Annamycin (L-ANN), a novel, non-cardiotoxic anthracycline, produced significant tumor growth inhibition across multiple pancreatic ductal adenocarcinoma (PDAC) models, including orthotopic human PDAC and syngeneic systems, with strong statistical significance (p < 0.001). These findings were accompanied by a meaningful survival benefit in a metastatic model, where treatment extended median survival by more than 60% compared to control (29 days versus 18 days; p = 0.0003), underscoring the potential clinical relevance of L-ANN in aggressive disease settings.

Pharmacokinetic analyses further demonstrated enhanced tumor penetration and retention of Annamycin compared to doxorubicin, with significantly higher accumulation observed in pancreatic tissue and tumors (p<0.0001). These data provide a mechanistic basis for the observed anti-tumor activity and highlight a key differentiating feature of Annamycin relative to traditional anthracyclines, which have historically shown limited efficacy in pancreatic cancer.

In addition to its direct cytotoxic effects, L-ANN was shown to induce immune activation within the tumor microenvironment, including increased infiltration of CD8+ cytotoxic T cells and CD4+ helper T cells. These findings suggest the potential for Annamycin to convert immunologically “cold” pancreatic tumors into more responsive phenotypes, supporting its evaluation both as a monotherapy and in combination with other drugs, including immune checkpoint and KRAS inhibitors.

Consistent with prior studies, Annamycin also demonstrated a favorable safety profile, including the absence of cardiotoxicity, a well-documented limitation of conventional anthracyclines such as doxorubicin. This differentiated safety profile may enable broader therapeutic use and synergistic combination strategies.

The Company is currently evaluating Annamycin in combination with cytarabine (Ara-C), collectively referred to as AnnAraC, in its pivotal Phase 2B/3 “MIRACLE” trial for the treatment of adult patients with relapsed or refractory acute myeloid leukemia (R/R AML) following induction therapy. The MIRACLE trial is a global, adaptive Phase 2B/3 clinical study being conducted across the United States, Europe, and other international sites.

These data were presented at the American Association for Cancer Research (AACR) Annual Meeting 2026. Access the poster here.

About Moleculin Biotech, Inc.

Moleculin Biotech, Inc. is a Phase 3 clinical stage pharmaceutical company advancing a pipeline of therapeutic candidates addressing hard-to-treat tumors and viruses. The Company’s lead program, Annamycin (also known as naxtarubicin), is a highly efficacious and well tolerated anthracycline designed to avoid multidrug resistance mechanisms and to lack the cardiotoxicity common with currently prescribed anthracyclines. Annamycin is currently in development for the treatment of relapsed or refractory acute myeloid leukemia (AML) and soft tissue sarcoma (STS) lung metastases.

The Company has begun the MIRACLE (MoleculiR/R AML AnnAraC Clinical Evaluation) Trial (MB-108), a pivotal, adaptive design Phase 3 trial evaluating Annamycin in combination with cytarabine, together referred to as AnnAraC (the combination of Annamycin and cytarabine, also referred to as “Ara-C”) for the treatment of relapsed or refractory acute myeloid leukemia. Following a successful Phase 1B/2 study (MB-106), with input from the FDA, the Company believes it has substantially de-risked the development pathway towards a potential approval for Annamycin for the treatment of AML. This study remains subject to appropriate future filings with potential additional feedback from the FDA and their foreign equivalents.

Additionally, the Company is developing WP1066, an Immune/Transcription Modulator capable of inhibiting p-STAT3 and other oncogenic transcription factors while also stimulating a natural immune response, targeting brain tumors, pancreatic and other cancers. Moleculin also has in its pipeline a portfolio of antimetabolites, including WP1122 for the potential treatment of pathogenic viruses, as well as certain cancer indications. 

For more information about the Company, please visit www.moleculin.com and connect on X, LinkedIn and Facebook.

Forward-Looking Statements

Some of the statements in this release are forward-looking statements within the meaning of Section 27A of the Securities Act of 1933, Section 21E of the Securities Exchange Act of 1934 and the Private Securities Litigation Reform Act of 1995, which involve risks and uncertainties. Forward-looking statements in this press release include, without limitation, the potential expansion of Annamycin into pancreatic cancer and other solid tumor indications, planned combination studies with immune checkpoint and KRAS inhibitors, and the potential efficacy and safety of Annamycin and AnnAraC in R/R AML and other indications. Moleculin will require significant additional financing, for which the Company has no commitments, in order to conduct its clinical trials as described in this press release, and the milestones described in this press release assume the Company’s ability to secure such financing on a timely basis. Although Moleculin believes that the expectations reflected in such forward-looking statements are reasonable as of the date made, expectations may prove to have been materially different from the results expressed or implied by such forward-looking statements. The Company relies on the reports of its expert with regard to the absence of cardiotoxicity. The dataset referenced in this press release is subject to the review of the data from future subjects in its current and future clinical trials and long-term follow-up with subjects in its current trials. Moleculin has attempted to identify forward-looking statements by terminology including ‘believes,’ ‘estimates,’ ‘anticipates,’ ‘expects,’ ‘plans,’ ‘projects,’ ‘intends,’ ‘potential,’ ‘may,’ ‘could,’ ‘might,’ ‘will,’ ‘should,’ ‘approximately’ or other words that convey uncertainty of future events or outcomes to identify these forward-looking statements. These statements are only predictions and involve known and unknown risks, uncertainties, and other factors, including those discussed under Item 1A. “Risk Factors” in our most recently filed Form 10-K filed with the Securities and Exchange Commission (SEC) and updated from time to time in our Form 10-Q filings and in our other public filings with the SEC. Any forward-looking statements contained in this release speak only as of its date. We undertake no obligation to update any forward-looking statements contained in this release to reflect events or circumstances occurring after its date or to reflect the occurrence of unanticipated events.

Investor Contact:
JTC Team, LLC
Jenene Thomas
(908) 824-0775
MBRX@jtcir.com


FAQ

What survival benefit did Moleculin (MBRX) report for Annamycin in AACR 2026 pancreatic cancer models?

Annamycin extended median survival by more than 60% (29 days vs 18 days) in a metastatic model. According to Moleculin, the result was statistically significant (p=0.0003), indicating a measurable survival improvement in that preclinical setting.

How did Annamycin (MBRX) perform on tumor accumulation compared with doxorubicin in the AACR 2026 data?

Annamycin showed significantly higher tumor and pancreatic tissue accumulation versus doxorubicin (p<0.0001). According to Moleculin, enhanced retention provides a mechanistic basis for improved anti-tumor activity in PDAC models.

Did Moleculin (MBRX) report immune effects for Annamycin in pancreatic tumor models at AACR 2026?

Yes. Annamycin induced increased infiltration of CD8+ cytotoxic and CD4+ helper T cells in tumors. According to Moleculin, this suggests potential to convert immunologically 'cold' PDAC into a more responsive phenotype for combination therapy.

Was cardiotoxicity observed with Annamycin in the preclinical AACR 2026 presentation by Moleculin (MBRX)?

No cardiotoxicity was observed in the reported preclinical studies. According to Moleculin, Annamycin maintained a differentiated safety profile compared with conventional anthracyclines like doxorubicin.

How might the AACR 2026 Annamycin data affect Moleculin's (MBRX) development strategy for pancreatic cancer?

The data support evaluating Annamycin as monotherapy and in combinations with checkpoint and KRAS inhibitors. According to Moleculin, higher tumor penetration, immune activation, and lack of cardiotoxicity justify further preclinical and clinical exploration.