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Stock impact report

MEI Pharma Board of Directors Aligns on Strategy to Advance Voruciclib and ME-344 [Yahoo! Finance]

MEI Pharma, Inc. (MEIP) 
Last mei pharma, inc. earnings: 2/6 04:02 pm Check Earnings Report
US:NASDAQ Investor Relations: investor.meipharma.com
Company Research Source: Yahoo! Finance
Cooperation Agreement: Conserving Capital, Prioritizing Measured Investment, Extending Operational Runway – SAN DIEGO, April 11, 2024 BUSINESS WIRE )--MEI Pharma, Inc. (Nasdaq: MEIP), a clinical-stage pharmaceutical company evaluating novel drug candidates to address known resistance mechanisms to standard-of-care cancer therapies, today reported that the Company's Board of Directors unanimously agreed on a strategic plan to leverage recent positive voruciclib and ME-344 clinical data to prioritize clinical development of voruciclib while enabling development of a new ME-344 formulation for Phase 1 study. Additionally, the Company's Board of Directors unanimously determined not to proceed with a second return of capital under the October 31, 2023 Anson Funds and Cable Car Capital cooperation agreement in order to conserve resources and align strategic investment, and thereby extend the Company's operational runway. "We are very fortunate as a development-stage therapeutics company Show less Read more
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