Moleculin Reports 40% CRc Rate in AML Trial, Sets Mid-2026 Data Unblinding

  • Moleculin reported a 40% preliminary blinded CRc rate in the first 30 patients of its MIRACLE trial for relapsed/refractory AML.
  • The company expects to unblind interim data for 45 patients in mid-2026.
  • Moleculin raised $8.3 million in Q1 2026, extending its runway into Q3 2026.
  • Annamycin showed no cardiotoxicity in 90 reviewed subjects.
  • New collaborations target glioblastoma and pancreatic cancer indications.

Moleculin's interim data suggests Annamycin could address a critical gap in treating relapsed/refractory AML, particularly in venetoclax-resistant patients. The adaptive trial design and FDA alignment reduce regulatory risk, but the company's cash position remains a constraint. Success in this pivotal trial would position Annamycin as a potential frontline therapy in a $2.5 billion AML market.

Trial Momentum
Whether the 40% CRc rate in the blinded subset translates to statistically significant results after unblinding in mid-2026.
Execution Risk
The pace at which Moleculin can secure additional financing to fund operations beyond Q3 2026.
Pipeline Expansion
How quickly Annamycin can be positioned for additional indications beyond AML, particularly in glioblastoma and pancreatic cancer.