Updated Report/News Out FDA Conditional Clearance of Small Cell Lung Cancer Drug Genprex (NASDAQ: GNPX)

Updated Report/News Out FDA Conditional Clearance of Small Cell Lung Cancer Drug Genprex (NASDAQ: GNPX)

Genprex (GNPX) GPX-001 is now REQORSA

Good day everyone,

We are continuing our coverage of Genprex, Inc. (NASDAQ: GNPX), a clinical stage gene therapy company involved in developing various approaches to treating cancer, currently focused on non-small cell lung cancer (NSCLC), and autoimmune therapy currently focused on diabetes. GNPX has a proprietary technology platform designed to deliver tumor suppressor genes to cancer cells.

Current price $3.47 per share

In the first hour of trading on Thursday October 29th, GNPX shares are up 12.31% from yesterday’s close. Trading volume has already passed the daily average reflecting bullish sentiment.

Breaking News:

Genprex Receives Conditional FDA Acceptance of Proprietary Name REQORSA™ for Lead Drug Candidate for Treatment of Non-Small Cell Lung Cancer

“We are very pleased to receive FDA’s conditional acceptance of our proprietary name, REQORSA, which is a necessary step toward being able to market our lead drug candidate for non-small cell lung cancer,” said Rodney Varner, President and Chief Executive Officer of Genprex.

We’ve linked the full press release here: https://finance.yahoo.com/news/genprex-receives-conditional-fda-acceptance-121600440.html

We can stop referencing GPX-001 (the GNPX TUSC2 tumor suppressor gene) and now refer to REQORSA.

The FDA will give the name a final review upon the completion of clinical milestones, but we believe the name will stick. GNPX is working with several big pharma companies using REQORSA in combination with their own products so the development of a name for GPX-001 may eliminate any confusion.

Further, any reporting about collaborative developments in clinical trials will now refer to the “Genprex drug REQORSA”.

The link below will take you to an FDA webpage (PDF file) containing information about the FDA process and reasons for naming drugs.
https://www.fda.gov/media/72409/download#:~:text=When%20reviewing%20a%20proposed%20proprietary,prescribing%2C%20dispensing%2C%20administering).

The Traders News Group

This week’s original report below

Genprex (GNPX) May be Ready for a Breakout

Good day everyone,

We are once again initiating coverage of Genprex, Inc. (NASDAQ: GNPX), a clinical stage gene therapy company involved in developing various approaches to treating cancer, currently focused on non-small cell lung cancer (NSCLC), and autoimmune therapy currently focused on diabetes. GNPX has a proprietary technology platform designed to deliver tumor suppressor genes to cancer cells.

Current price $3.09 per share
Outstanding shares (est.) 38.63M
Shares in Float (est.) 31.73M
Insider ownership 23%
Institutional ownership 12.82%

Considerations for GNPX shares:
The shares are trading 56% off their 52-week high
Insider and institutional ownership are high
The company has a very modest share structure
The chart setup looks ready for a breakout

We wanted to talk about GNPX shares again because they seem to be in a value range right now and poised for a breakout. GNPX shares have established a definable trading pattern in 2020 and would appear to currently be at their support level.

The 23% insider ownership is significant giving a vested interest to the management team. Twenty institutions hold GNPX shares, led by Blackrock, Inc. with 4.7% of the outstanding shares.

The active ingredient in their lead product candidate, GPX-001, is the TUSC2 gene, a tumor suppressor gene. The goal at GNPX is to find drugs from other companies that can work in combination with GPX-001 and be delivered with the GNPX proprietary Oncoprex nanoparticle delivery platform.

In January 2020, the FDA granted Fast Track Designation for GPX-001 in combination with AstraZeneca’s Tagrisso for the treatment of NSCLC. Tagrisso, with sales of more than $3 billion in 2019, is AstraZeneca’s largest selling drug.

Keytruda, with sales of more than $11 billion in 2019, is Merck’s largest selling drug. Data show that combining GPX-001 with Tagrisso or Keytruda achieves more favorable results than either drug alone.

The Oncoprex delivery system may be the product that takes GNPX to the next level. Oncoprex is a platform designed and optimized to deliver cancer-fighting genes into the patient’s body. These cancer-fighting genes are encapsulated in nanoscale hollow spheres called “nanoparticles,” which are then administered intravenously and taken up by tumor cells where they express proteins that are missing or found in low quantities.

Nanoparticles can carry therapeutic genes, whether they are a GNPX gene, another company’s gene or a combination thereof get delivered to a tumor via intravenous injection. That is, no doubt, a large part of why large pharma players are collaborating with GNPX.

GPX-002 is a gene therapy for both type 1 and type 2 diabetes that is in the pre-clinical stage. The goal of this therapy is to increase the production of insulin in the pancreas. A Phase I clinical trial could be the first-ever gene therapy tested in humans for diabetes.

We include a link below to an investor presentation created by Genprex that will give you all the clinical information about the company and its products: https://www.genprex.com/downloads/investor-presentation.pdf

Genprex has no debt and had $22M in cash as of June 30, 2020.

The company was added to the Russell 3000 Index on Friday, June 26, 2020.

5/26/2020 Noble Financial Buy $5.00
4/22/2020 Alliance Global Buy —–

As the chart linked below indicates, GNPX shares are trading below their 50 DMA of $3.65 and slightly above their 200 DMA of $$3.08/share. The current RSI (14) is 36.02. We believe GNPX shares may currently be at a price support level.
https://stockcharts.com/h-sc/ui?s=GNPX

About Genprex:
The company’s lead product candidate is GPX-001 (quaratusugene ozeplasmid) for non-small cell lung cancer (NSCLC). The active ingredient in GPX-001 is the TUSC2 gene, a tumor suppressor gene. GPX-001 uses the company’s unique, proprietary Oncoprex™ nanoparticle delivery platform which delivers cancer-fighting genes by encapsulating them into nanoscale hollow spheres called nanoparticles, which are then administered intravenously and taken up by tumor cells where they express proteins that are missing or found in low quantities. In January 2020, the FDA granted Fast Track Designation for GPX-001 in combination with AstraZeneca’s Tagrisso for the treatment of NSCLC. GPX-002, a gene therapy for diabetes, is the most recent addition of their licensed technologies.

Ofcourse, we have an updated report coming soon.

The Traders News Group

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