Advancement in Clinical Pipeline
The Phase 1a trial for LP-184 has progressed well, with enrollment now through cohort 12. The trial is expected to complete enrollment with 62 to 65 patients by June 2025, and early indications of clinical activity at higher dose levels align with preliminary pharmacokinetic data.
AI Platform Expansion
The radar AI platform expanded to over 200 billion oncology-focused data points. The platform is being opened to the scientific community on a module-by-module basis, starting with a freemium approach to drive collaborations and economic opportunities.
Financial Discipline
Lantern Pharma ended the quarter with approximately $19.7 million in cash, cash equivalents, and marketable securities, providing an expected operating runway through at least mid-May 2026. The quarterly net loss decreased to approximately $4.5 million from $5.4 million in the same period last year.
Strategic Initiatives for Shareholder Value
Lantern Pharma is engaging in discussions for potential partnerships, including licensing agreements, technology partnerships, and co-development opportunities to accelerate the pipeline.
Innovative AI Modules
Introduction of an AI-powered module to improve antibody-drug conjugate development, capable of reducing timelines by 30%-50% and preclinical costs by up to two-thirds.