Medicenna Therapeutics reports 2023 EPS (16c), consensus (14c)

“Over the past fiscal year, we have made substantial progress in demonstrating the best-in-class potential of MDNA11, as it has shown encouraging preliminary safety, PK/PD and efficacy data in heavily pre-treated end-stage cancer patients,” said Fahar Merchant, Ph.D., President and CEO of Medicenna. “Achieving a durable partial response in an end-stage pancreatic cancer patient at this very early stage of the clinical trial, designed to primarily establish safety of MDNA11, is very encouraging indeed. We continue to collect results from the remaining patients in the high dose cohorts, including at least one post-treament scan, complete the safety review, and finalize the design of the Phase 2 dose expansion study. This will enable us to share a comprehensive data set and next steps during calendar Q3 2023. We believe that MDNA11 has the potential to demonstrate its positive attributes by further bolstering its efficacy in patients with less advanced cancers receiving the optimal dose, while retaining its safety features, in the upcoming Phase 2 expansion portion of the trial.”