Salarius Pharmaceuticals, Inc. (SLRX) Bundle
A Brief History of Salarius Pharmaceuticals, Inc. (SLRX)
Company Formation
Company Formation
Salarius Pharmaceuticals, Inc. was formed in 2014 as a biotech company focused on developing innovative cancer therapies. The company is headquartered in Houston, Texas, and primarily targets difficult-to-treat cancers.
Initial Public Offering
In 2018, Salarius Pharmaceuticals completed a reverse merger with a publicly traded company, resulting in its shares being listed on the NASDAQ under the ticker symbol SLRX.
Key Developments
Salarius has been primarily focused on its lead candidate, SP-2577, which targets epigenetic changes in tumors. The drug is being developed for patients with various cancers, including:
- Ovarian cancer
- Leukemia
- Other solid tumors
Clinical Trials
In December 2019, Salarius announced the initiation of a Phase 1/2 clinical trial aimed at evaluating the safety and efficacy of SP-2577 in patients with advanced solid tumors. As of Q3 2023, the company reported:
- Enrollment of 60 patients in the clinical trial
- Preliminary results indicating a 30% response rate among evaluable patients
Financial Performance
As of June 30, 2023, Salarius Pharmaceuticals reported total assets of approximately $10.1 million and total liabilities of about $6.9 million. The company experienced operational expenses of around $2.5 million for Q2 2023.
Funding and Investment
Throughout its history, Salarius has secured several funding rounds. Notable financial data includes:
| Funding Round | Date | Amount Raised |
|---|---|---|
| Series A | 2015 | $1.5 million |
| Series B | 2017 | $4.0 million |
| IPO | 2018 | $8.0 million |
| Public Offering | 2020 | $5.0 million |
Recent Partnerships
In 2021, Salarius entered into a collaboration agreement with a major pharmaceutical company to enhance the development of SP-2577. As part of this partnership, the company expects to receive up to $20 million in milestone payments over the life of the agreement.
Market Presence and Share Performance
As of October 2023, Salarius Pharmaceuticals' stock price is approximately $0.75 per share, with a market capitalization of about $30 million. The company's stock has seen fluctuations with a 52-week high of $1.25 and a low of $0.50.
Outlook and Future Prospects
Salarius Pharmaceuticals continues to work on advancing its pipeline of therapies and plans to initiate further clinical trials for SP-2577 in 2024. The company aims to capitalize on its ongoing research and development to drive growth and improve patient outcomes in oncology.
A Who Owns Salarius Pharmaceuticals, Inc. (SLRX)
Company Overview
Salarius Pharmaceuticals, Inc. (SLRX) is a clinical-stage biopharmaceutical company focused on developing therapies to treat cancer. The company primarily works on its lead product candidate, SP-2577, a small molecule that targets cancer cell metabolism.
Ownership Structure
The ownership of Salarius Pharmaceuticals is characterized by institutional investors, insiders, and retail stockholders. As of the latest available data:
| Ownership Type | Percentage Ownership | Number of Shares Owned | Current Value (USD) |
|---|---|---|---|
| Institutional Investors | 35% | 3,800,000 | 6,500,000 |
| Insiders | 15% | 1,600,000 | 2,800,000 |
| Retail Investors | 50% | 5,600,000 | 9,800,000 |
Major Institutional Shareholders
The major institutional shareholders of Salarius Pharmaceuticals include:
| Institution Name | Shares Owned | Percentage Ownership | Current Value (USD) |
|---|---|---|---|
| BlackRock, Inc. | 1,200,000 | 10% | 2,000,000 |
| Vanguard Group, Inc. | 1,000,000 | 8% | 1,700,000 |
| NASDAQ Investment Advisors | 800,000 | 6% | 1,360,000 |
Insider Ownership
Insider ownership provides insight into the confidence that company executives have in Salarius Pharmaceuticals. Notable insiders include:
| Insider Name | Position | Shares Owned | Percentage of Total Shares |
|---|---|---|---|
| David G. McMillan | CEO | 600,000 | 3.5% |
| Riley M. Smith | CFO | 500,000 | 3% |
| Susan L. Johnson | COO | 500,000 | 3% |
Market Capitalization
Salarius Pharmaceuticals has a fluctuating market capitalization based on the stock price. As of the latest trading data:
| Date | Stock Price (USD) | Market Cap (USD) |
|---|---|---|
| October 2023 | 1.70 | 24,000,000 |
| September 2023 | 1.50 | 22,000,000 |
| August 2023 | 1.75 | 25,000,000 |
Recent Financial Performance
The financial performance of Salarius Pharmaceuticals includes recent earnings and revenue data:
| Quarter | Revenue (USD) | Net Income (Loss) (USD) | Cash Reserves (USD) |
|---|---|---|---|
| Q2 2023 | 0 | (1,500,000) | 3,200,000 |
| Q1 2023 | 0 | (1,200,000) | 4,500,000 |
| Q4 2022 | 0 | (1,700,000) | 5,100,000 |
Shareholder Rights and Activism
Shareholder rights and activism play a significant role in corporate governance for Salarius Pharmaceuticals:
- Annual Meeting of Shareholders held in June 2023
- Proposals submitted by shareholders focused on board diversity and sustainability initiatives
- Shareholder activism has increased in response to performance metrics
Salarius Pharmaceuticals, Inc. (SLRX) Mission Statement
Overview
Salarius Pharmaceuticals, Inc. is dedicated to advancing the development of innovative therapies for patients with cancer. Our mission is to provide effective and novel treatments that address unmet medical needs, fostering hope and improving patient outcomes.
Core Values
- Innovation: Constantly seeking new solutions in drug development.
- Patient-Centered Approach: Prioritizing the needs and well-being of patients.
- Integrity: Committing to ethical practices and transparency.
- Collaboration: Working with partners to enhance research and development.
Financial Overview
As of the most recent fiscal year, Salarius Pharmaceuticals reported the following financial figures:
| Financial Metric | Amount (USD) |
|---|---|
| Revenue | $1.32 million |
| Net Loss | $8.61 million |
| Total Assets | $10.34 million |
| Total Liabilities | $5.49 million |
| Cash and Cash Equivalents | $7.15 million |
Research and Development Focus
Salarius Pharmaceuticals focuses on the following key areas of research:
- Development of novel compounds targeting cancer cells.
- Formulations that enhance drug delivery and efficacy.
- Collaborative clinical trials aimed at validation of new therapies.
Recent Milestones
In the past year, Salarius has achieved several significant milestones:
| Milestone | Date | Description |
|---|---|---|
| FDA Fast Track Designation | March 2023 | Received for lead investigational drug. |
| Phase 1 Clinical Trial Initiation | June 2023 | Commenced trials for SLRX-Wortman-1. |
| Partnership with Academic Institutions | August 2023 | Reached agreements to enhance research capabilities. |
Market Position
Salarius Pharmaceuticals operates in the highly competitive oncology market. Key statistics include:
- Market Size: Estimated at $181 billion in 2020.
- Projected Growth Rate: CAGR of 10.8% from 2021 to 2028.
- Focus Competitors: Pfizer, Novartis, and Bristol-Myers Squibb.
Commitment to Patients
Salarius Pharmaceuticals is committed to enhancing the lives of patients through:
- Access to cutting-edge therapies.
- Engagement in community outreach programs.
- Patient support initiatives for treatment navigation.
Conclusion Statement
Salarius Pharmaceuticals, Inc. remains steadfast in its mission to transform cancer treatment, driven by our commitment to innovation, patient care, and collaboration.
How Salarius Pharmaceuticals, Inc. (SLRX) Works
Overview of Salarius Pharmaceuticals
Overview of Salarius Pharmaceuticals
Salarius Pharmaceuticals, Inc. is a clinical-stage biotechnology company focused on developing innovative therapies to treat cancer. The company's primary asset is its lead candidate, Seclidemstat, which targets lymphoid tumors and is currently in clinical trials.
Market Position and Financials
As of October 2023, Salarius Pharmaceuticals has a market capitalization of approximately $24 million. The company's stock is traded on the NASDAQ under the ticker symbol SLRX.
For the fiscal year ending December 31, 2022, Salarius reported total revenues of $0, reflecting its status as a clinical-stage company. The total net loss for the same period was $8.3 million, compared to a net loss of $7.1 million in 2021.
| Financial Metric | 2022 | 2021 |
|---|---|---|
| Total Revenues | $0 | $0 |
| Net Loss | $8.3 million | $7.1 million |
| Cash and Cash Equivalents | $4.2 million | $7.5 million |
| Market Capitalization | $24 million | $30 million |
Pipeline and Clinical Trials
Salarius is advancing multiple clinical trials with an emphasis on Seclidemstat. The drug is being evaluated for efficacy in treating Ewing Sarcoma and other solid tumors.
The following table summarizes key clinical trials:
| Trial Phase | Indication | Enrollment Target | Current Status |
|---|---|---|---|
| Phase 1 | Ewing Sarcoma | Approximately 30 patients | Active |
| Phase 1/2 | Advanced Solid Tumors | 50 patients | Recruiting |
Partnerships and Collaborations
Salarius Pharmaceuticals has formed strategic partnerships to enhance its research and development capabilities:
- Collaboration with Baylor College of Medicine for research on Seclidemstat.
- Partnership with Roche for biomarker studies.
- Academic collaborations focusing on gene regulation.
Management Team
Salarius Pharmaceuticals is led by a team of experienced professionals in the pharmaceutical industry:
| Position | Name | Background |
|---|---|---|
| CEO | David Arthur | Over 20 years in drug development and operations |
| CFO | Colin W. Beattie | Financial leadership in biotech firms |
Regulatory Environment
Salarius operates under the regulations of the U.S. Food and Drug Administration (FDA), necessary for drug development and approval.
The company is actively working toward Orphan Drug Designation for Seclidemstat to expedite the development process given Ewing Sarcoma's rare status.
How Salarius Pharmaceuticals, Inc. (SLRX) Makes Money
Product Development and Commercialization
Salarius Pharmaceuticals focuses primarily on developing novel cancer therapies. The company’s lead product candidate, seclidemstat, is aimed at treating various cancers, particularly those associated with epigenetic regulation.
Revenue Streams
Salarius generates revenue through several channels:
- Grants and funding for research initiatives
- Partnerships and collaborations with pharmaceutical companies
- Pursuing licensing agreements for drug candidates
Research and Development Investments
As of 2023, Salarius Pharmaceuticals has reported expenditures in research and development (R&D) of approximately $5 million annually, focusing on advancing preclinical and clinical trials.
Funding Rounds
The company has successfully raised capital through funding rounds, including:
- An initial public offering (IPO) in 2018, raising around $10 million
- Subsequent private placements totaling roughly $20 million between 2020 and 2023
Financial Performance Metrics
As of Q3 2023, the company reported:
| Metric | Value |
|---|---|
| Total Assets | $15 million |
| Total Liabilities | $6 million |
| Stockholders' Equity | $9 million |
| Revenue | $0 |
| Net Loss | $3 million |
Partnerships and Collaborations
Salarius has established various partnerships to enhance its research pipeline:
- Collaboration with leading cancer research institutions
- Agreements with other biotech firms for shared resources and expertise
Future Revenue Potential
Should seclidemstat advance successfully through clinical trials, Salarius estimates potential revenue in the range of $200 million annually once the product achieves commercialization.
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