Greenwich LifeSciences updates corporate events and details ongoing Phase III trial of GLSI-100 for breast cancer.
Quiver AI Summary
Greenwich LifeSciences, Inc., a clinical-stage biopharmaceutical company, announced updates on its corporate events and initiatives related to GLSI-100, an immunotherapy aimed at preventing breast cancer recurrences in patients post-surgery. The press release highlights the company's participation in several upcoming conferences in 2024, including the GBG Annual Scientific Meeting and the American Society of Clinical Oncology Annual Meeting, and outlines the Phase III clinical trial, FLAMINGO-01, which is evaluating GLSI-100's effectiveness in HER2 positive breast cancer patients. The trial is set to involve numerous clinical sites in the U.S. and Europe, with plans to recruit around 500 patients for the placebo-controlled study. The company provides information on how to engage with their ongoing research and programs.
Potential Positives
- Greenwich LifeSciences has initiated a Phase III clinical trial, FLAMINGO-01, aimed at evaluating the safety and efficacy of GLSI-100 in preventing breast cancer recurrences, demonstrating significant progress in their clinical development pipeline.
- The company is actively participating in multiple prestigious healthcare conferences throughout 2024, enhancing visibility and networking opportunities within the biopharmaceutical community.
- The planned expansion of the clinical trial into Europe and the addition of up to 150 clinical sites globally indicate a commitment to broadening their patient base and increasing the trial's relevance and impact.
Potential Negatives
- The company highlights reliance on future clinical trial results, which introduces uncertainty regarding the efficacy and safety of GLSI-100.
- The large planned scale of the FLAMINGO-01 trial (up to 150 sites globally) raises concerns about the management and consistency of data collection across diverse locations.
- The forward-looking statements disclaim potential risks and uncertainties that could significantly affect the company's projected outcomes, which may deter investor confidence.
FAQ
What is GLSI-100?
GLSI-100 is an immunotherapy developed by Greenwich LifeSciences aimed at preventing breast cancer recurrences in patients post-surgery.
What are the upcoming events for Greenwich LifeSciences?
Greenwich LifeSciences plans to attend multiple conferences, including the Jefferies London Healthcare Conference and the San Antonio Breast Cancer Symposium in 2024.
What is the FLAMINGO-01 trial?
FLAMINGO-01 is a Phase III clinical trial evaluating the safety and efficacy of GLSI-100 in HER2 positive breast cancer patients.
How many patients will be recruited for FLAMINGO-01?
Approximately 750 patients will be enrolled, with about 500 randomized to receive GLSI-100 or a placebo.
What is the significance of HER2 positivity in breast cancer?
HER2 positivity is a common characteristic in breast cancer, affecting approximately 75% of cases and influencing treatment decisions.
Disclaimer: This is an AI-generated summary of a press release distributed by GlobeNewswire. The model used to summarize this release may make mistakes. See the full release here.
$GLSI Insider Trading Activity
$GLSI insiders have traded $GLSI stock on the open market 8 times in the past 6 months. Of those trades, 8 have been purchases and 0 have been sales.
Here’s a breakdown of recent trading of $GLSI stock by insiders over the last 6 months:
- SNEHAL PATEL (CEO and CFO) has traded it 5 times. They made 5 purchases, buying 185,325 shares and 0 sales.
- JAYE THOMPSON (VP Clinical Reg Affairs) has traded it 3 times. They made 3 purchases, buying 2,800 shares and 0 sales.
To track insider transactions, check out Quiver Quantitative's insider trading dashboard.
$GLSI Hedge Fund Activity
We have seen 21 institutional investors add shares of $GLSI stock to their portfolio, and 19 decrease their positions in their most recent quarter.
Here are some of the largest recent moves:
- NORTHERN TRUST CORP added 50,180 shares (+206.3%) to their portfolio in Q3 2024
- GOLDMAN SACHS GROUP INC removed 41,505 shares (-100.0%) from their portfolio in Q2 2024
- BLACKROCK, INC. added 41,235 shares (+13.3%) to their portfolio in Q3 2024
- SUSQUEHANNA INTERNATIONAL GROUP, LLP removed 35,870 shares (-100.0%) from their portfolio in Q2 2024
- JANE STREET GROUP, LLC removed 20,642 shares (-100.0%) from their portfolio in Q2 2024
- GARDEN STATE INVESTMENT ADVISORY SERVICES LLC added 17,600 shares (+inf%) to their portfolio in Q3 2024
- QUBE RESEARCH & TECHNOLOGIES LTD removed 17,317 shares (-100.0%) from their portfolio in Q2 2024
To track hedge funds' stock portfolios, check out Quiver Quantitative's institutional holdings dashboard.
Full Release
STAFFORD, Texas, Nov. 18, 2024 (GLOBE NEWSWIRE) -- Greenwich LifeSciences, Inc. (Nasdaq: GLSI) (the "Company"), a clinical-stage biopharmaceutical company focused on the development of GLSI-100, an immunotherapy to prevent breast cancer recurrences in patients who have previously undergone surgery, today provided the following update on corporate events.
The Company's 2024 events to date are listed below:
- Feb 29 - Mar 1, 2024 – GBG Annual Scientific Meeting (German clinical network conference)
- Jun 1 - 4, 2024 – American Society of Clinical Oncology (ASCO) Annual Meeting
- Jun 3 - 6, 2024 – BIO International Convention (partnering conference)
- Jun 4 - 6, 2024 – Jefferies Global Healthcare Conference
- Sep 9 - 10, 2024 – H.C. Wainwright 26 th Annual Global Investment Conference
- Oct 5, 2024 – Komen Houston Race for the Cure (sponsor)
- Nov 4 - 6, 2024 – 30 th Annual BIO-Europe Fall 2024 (partnering conference)
- Nov 7, 2024 – 13 th Annual Texas Life Science Forum (guest speaker)
The Company's planned upcoming events are listed below:
- Nov 19 - 21, 2024 – Jefferies London Healthcare Conference
- Dec 10 - 13, 2024 – San Antonio Breast Cancer Symposium (SABCS)
- Dec 19, 2024 – Annual Meeting of Stockholders
- Feb 10 - 11, 2025 – BIO CEO & Investor Conference
-
Mar 6 - 7, 2025 –
GBG Annual Scientific Meeting
About FLAMINGO-01 and GLSI-100
FLAMINGO-01 (NCT05232916) is a Phase III clinical trial designed to evaluate the safety and efficacy of GLSI-100 (GP2 + GM-CSF) in HER2 positive breast cancer patients who had residual disease or high-risk pathologic complete response at surgery and who have completed both neoadjuvant and postoperative adjuvant trastuzumab based treatment. The trial is led by Baylor College of Medicine and currently includes US clinical sites from university-based hospitals and cooperative networks with plans to expand into Europe and to open up to 150 sites globally. In the double-blinded arms of the Phase III trial, approximately 500 HLA-A*02 patients will be randomized to GLSI-100 or placebo, and up to 250 patients of other HLA types will be treated with GLSI-100 in a third arm. The trial has been designed to detect a hazard ratio of 0.3 in invasive breast cancer-free survival, where 28 events will be required. An interim analysis for superiority and futility will be conducted when at least half of those events, 14, have occurred. This sample size provides 80% power if the annual rate of events in placebo-treated subjects is 2.4% or greater.
For more information on FLAMINGO-01, please visit the Company's website here and clinicaltrials.gov here . Contact information and an interactive map of the majority of participating clinical sites can be viewed under the "Contacts and Locations" section. Please note that the interactive map is not viewable on mobile screens. Related questions and participation interest can be emailed to: [email protected]
About Breast Cancer and HER2/ neu Positivity
One in eight U.S. women will develop invasive breast cancer over her lifetime, with approximately 300,000 new breast cancer patients and 4 million breast cancer survivors. HER2 (human epidermal growth factor receptor 2) protein is a cell surface receptor protein that is expressed in a variety of common cancers, including in 75% of breast cancers at low (1+), intermediate (2+), and high (3+ or over-expressor) levels.
About Greenwich LifeSciences, Inc.
Greenwich LifeSciences is a clinical-stage biopharmaceutical company focused on the development of GP2, an immunotherapy to prevent breast cancer recurrences in patients who have previously undergone surgery. GP2 is a 9 amino acid transmembrane peptide of the HER2 protein, a cell surface receptor protein that is expressed in a variety of common cancers, including expression in 75% of breast cancers at low (1+), intermediate (2+), and high (3+ or over-expressor) levels. Greenwich LifeSciences has commenced a Phase III clinical trial, FLAMINGO-01. For more information on Greenwich LifeSciences, please visit the Company's website at www.greenwichlifesciences.com and follow the Company's Twitter at https://twitter.com/GreenwichLS .
Forward-Looking Statement Disclaimer
Statements in this press release contain "forward-looking statements" that are subject to substantial risks and uncertainties. All statements, other than statements of historical fact, contained in this press release are forward-looking statements. Forward-looking statements contained in this press release may be identified by the use of words such as "anticipate," "believe," "contemplate," "could," "estimate," "expect," "intend," "seek," "may," "might," "plan," "potential," "predict," "project," "target," "aim," "should," "will," "would," or the negative of these words or other similar expressions, although not all forward-looking statements contain these words. Forward-looking statements are based on Greenwich LifeSciences Inc.'s current expectations and are subject to inherent uncertainties, risks and assumptions that are difficult to predict, including statements regarding the intended use of net proceeds from the public offering; consequently, actual results may differ materially from those expressed or implied by such forward-looking statements. Further, certain forward-looking statements are based on assumptions as to future events that may not prove to be accurate. These and other risks and uncertainties are described more fully in the section entitled "Risk Factors" in Greenwich LifeSciences' Annual Report on Form 10-K for the year ended December 31, 2023 and other periodic reports filed with the Securities and Exchange Commission. Forward-looking statements contained in this announcement are made as of this date, and Greenwich LifeSciences, Inc. undertakes no duty to update such information except as required under applicable law.
Company Contact
Snehal Patel
Investor Relations
Office: (832) 819-3232
Email:
[email protected]
Investor & Public Relations Contact for Greenwich LifeSciences
Dave Gentry
RedChip Companies Inc.
Office: 1-800-RED CHIP (733 2447)
Email:
[email protected]