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First Patient Dosed with LIXTE's LB-100 and GSK's Immunotherapy Dostarlimab-gxly in Ovarian Clear Cell Carcinoma Trial PASADENA, CA

Key Takeaway: LIXTE Biotechnology Holdings, Inc. has announced the dosing of the first patient in a Phase 1b/2 clinical trial assessing the combination of LIXTE's LB-100 and GSK's dostarlimab-gxly in treating ovarian clear cell carcinoma. The trial aims to evaluate whether the addition of LB-100 can enhance the effectiveness of the PD-1 blocking antibody. Conducted at The University of Texas MD Anderson Cancer Center, this study builds on observations regarding the role of PP2A in immunotherapy sensitivity. LIXTE's innovative approach, backed by promising preclinical data, positions it uniquely in the cancer treatment landscape.

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POSITIVE FACTORS

  • First patient successfully dosed in a clinical trial for OCCC.
  • Combination of LB-100 and dostarlimab-gxly could enhance immunotherapy effectiveness.
  • LIXTE's LB-100 is well-tolerated and shows promise based on preclinical data.
  • LIXTE's approach has no known competitors and is supported by a strong patent portfolio.

Full Press Release Details

Patient Dosed with LIXTE's LB-100 and GSK's Immunotherapy Dostarlimab-gxly in Ovarian Clear Cell Carcinoma Trial
CA, January 29, 2024 - LIXTE Biotechnology Holdings, Inc. (Nasdaq: LIXT and LIXTW) ("LIXTE" or the "Company"),
today announced the dosing of the first patient in a Phase 1b/2 clinical trial to assess whether adding LIXTE's LB-100 to GSK's
programmed death receptor-1 (PD-1)-blocking monoclonal antibody, dostarlimab-gxly, may enhance the effectiveness of immunotherapy in
the treatment of ovarian clear cell carcinoma (OCCC).
clinical trial was initiated by and is being conducted at The University of Texas MD Anderson Cancer Center. LIXTE is providing LB-100;
GSK is providing dostarlimab-gxly and financial support for the clinical trial.
clinical trial (NCT06065462) is based on the observation by the lead clinical investigator of the trial, Amir Jazaeri MD, Professor
of Gynecologic Oncology at MD Anderson, that a genetically acquired reduction in PP2A may enhance sensitivity to immunotherapyi.
This raises the possibility that reducing PP2A pharmacologically with LB-100 may enhance the anti-tumor effect of the PD-1 blocking monoclonal
antibody, dostarlimab-gxly, in patients with OCCC lacking the genetic reduction in PP2A.
LIXTE Biotechnology Holdings, Inc.
Biotechnology Holdings, Inc. is a clinical-stage pharmaceutical company focused on new targets for cancer drug development and developing
and commercializing cancer therapies. LIXTE has demonstrated that its first-in-class lead clinical PP2A inhibitor, LB-100, is well-tolerated
in cancer patients at doses associated with anti-cancer activityii. Based on extensive published preclinical data (see www.lixte.com),
LB-100 has the potential to significantly improve outcomes for patients undergoing various chemotherapies or immunotherapies. LIXTE's
new approach has no known competitors and is covered by a comprehensive patent portfolio. Proof-of-concept clinical trials are in progress.
Statement Disclaimer
announcement contains certain forward-looking statements within the meaning of Section 27A of the Securities Act of 1933, and Section
21E of the Securities Exchange Act of 1934. For example, statements regarding the Company's financial position, business strategy
and other plans and objectives for future operations, and assumptions and predictions about future activities, including the continuing
development of proprietary compounds, the planning, funding, coordination and potential results of clinical trials, the patent and legal
costs to protect and maintain the Company's intellectual property worldwide, and the Company's ability to obtain and maintain
compliance with Nasdaq's continued listing requirements, are all forward-looking statements. These statements are generally accompanied
by words such as "intend," anticipate," "believe," "estimate," "potential(ly),"
"continue," "forecast," "predict," "plan," "may," "will," "could,"
"would," "should," "expect" or the negative of such terms or other comparable terminology.
Hinchcliff EM, Patel A, Fellman B, Westin SN, Sood A, Soliman P, Shafer A, Meyer L, Fleming N, Bathala Y, Ganeshan
D, Hwu P, Lu K, Jazaeri A. Loss-of-function mutations in PPP2R1A Correlate with Exceptional Survival in Ovarian Clear Cell
Carcinomas Treated with Immune Checkpoint Inhibitors. National oral presentation at SGO Annual Meeting, March 2022
Chung V et. al. Safety, Tolerability, and Preliminary Activity of LB-100, an Inhibitor of Protein Phosphatase 2A, in Patients
with Relapsed Solid Tumors: An Open-Label, Dose Escalation, First-in-Human, Phase I Trial. Clin Cancer Res. 2017;23(13):3277-84.
Company believes that the assumptions and expectations reflected in such forward-looking statements are reasonable, based on information
available to it on the date hereof, but the Company cannot provide assurances that these assumptions and expectations will prove to have
been correct or that the Company will take any action that the Company may presently be planning. However, these forward-looking statements
are inherently subject to known and unknown risks and uncertainties. Actual results or experience may differ materially from those expected
or anticipated in the forward-looking statements. Factors that could cause or contribute to such differences include, but are not limited
to, regulatory policies, available cash resources, research results, competition from other similar businesses, and market and general
are urged to read the risk factors set forth in the Company's filings with the United States Securities and Exchange Commission
at https://www.sec.gov. The Company disclaims any intention or obligation to update or revise any forward-looking statements, whether
as a result of new information, future events or otherwise.
more information about LIXTE, Contact: info@lixte.com
Phone: (631) 830-7092; Investor Phone: (888) 289-5533
Inc. Investor Relations
Pondel: (310) 279-5965; Laurie Berman: (310) 279-5962

Frequently Asked Questions

What trial is LIXTE conducting with LB-100?

LIXTE is conducting a Phase 1b/2 trial to assess LB-100 combined with GSK's dostarlimab-gxly in ovarian clear cell carcinoma.

Where is the clinical trial taking place?

The trial is conducted at The University of Texas MD Anderson Cancer Center.

What is the aim of combining LB-100 with dostarlimab-gxly?

The aim is to enhance the effectiveness of immunotherapy for patients with ovarian clear cell carcinoma.

Who is funding the clinical trial?

LIXTE is providing LB-100, while GSK provides dostarlimab-gxly and financial support.

What is LB-100's role in cancer treatment?

LB-100 is a first-in-class PP2A inhibitor that may improve outcomes in cancer therapies.

Last updated: Jan 29, 2024