NetworkNewsBreaks – Moleculin Biotech, Inc. (NASDAQ: MBRX) Prices $5M Public Offering; Shares Lower

Moleculin Biotech (NASDAQ: MBRX) shares tumbled 20% at market open after the company priced an underwritten public offering of its securities. The offering is comprised of 3,710,000 units at a public offering price of $1.35 per unit. Moleculin anticipates gross proceeds of approximately $5 million. The offering is expected to close on or about February 14, 2017.

To view the full press release, visit: http://nnw.fm/oN1sN

About Moleculin Biotech, Inc.

Moleculin Biotech, Inc. is a preclinical pharmaceutical company focused on the development of anti-cancer drug candidates, some of which are based on discoveries made at M.D. Anderson Cancer Center. The company’s lead product candidate is Annamycin, a phase II clinical stage anthracycline for the treatment of relapsed or refractory acute myeloid leukemia, more commonly referred to as AML. The company also has two pre-clinical small molecule portfolios, one of which is focused on the modulation of hard-to-target tumor cell signaling mechanisms and the recruitment of the patient’s own immune system. The other portfolio targets the metabolism of tumors. For more information about Moleculin, please visit www.moleculin.com.

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