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Stock impact report

Molecular Templates, Inc. Reports Third Quarter 2017 Financial Results

Molecular Templates, Inc. (MTEM) 
Last molecular templates, inc. earnings: 11/12 05:00 pm Check Earnings Report
US:NASDAQ Investor Relations: ir.mtem.com/investor-relations
Company Research Source: GlobeNewswire
Completed Merger with Threshold Pharmaceuticals in August  Recent Equity Financings of $60 Million Provide Cash Runway into late 2019 MT-3724 Advancing in Clinical Trials with New Data Expected in 1H18 AUSTIN, Texas, Nov. 14, 2017 (GLOBE NEWSWIRE) --  Molecular Templates, Inc. (Nasdaq:MTEM), a clinical-stage oncology company focused on the discovery and development of the company’s proprietary engineered toxin bodies (ETBs), which are differentiated, targeted, biologic therapeutics for cancer, today reported financial results for the third quarter of 2017. As of September 30, 2017, cash and cash equivalents totaled $68.2 million. “The completion of our merger with Threshold Pharmaceuticals as well as the $60M in financings in the third quarter mark a significant milestone for Molecular Templates,” said Molecular Templates’ Chief Executive Officer and Chief Scientific Officer, Eric Poma, Ph.D.  “The merger and financings put us in a strong position to continue to execute on the d Show less Read more
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