Bio-Path Holdings (NASDAQ: BPTH) announces the successful completion of the second dose cohort in the dose escalation phase of its Phase 1/1b clinical trial of BP1002

Bio-Path Holdings, Inc. (NASDAQ: BPTH), a pioneer in biotechnology, has recently achieved a critical milestone in its fight against acute myeloid leukemia (AML). On April 18, 2024, the company announced the successful completion of the second dose cohort in the dose escalation phase of its Phase 1/1b clinical trial of BP1002. This trial is pivotal as it tests the efficacy of BP1002 in treating patients with refractory or relapsed AML, including those resistant to venetoclax.

The Significance of BP1002 in AML Treatment

BP1002 targets the Bcl-2 protein, which plays a crucial role in cell survival and is implicated in up to 60% of all cancers. Current treatments for AML patients not eligible for intensive chemotherapy typically include venetoclax, a Bcl-2 inhibitor. However, resistance to venetoclax often develops, leading to treatment failure. Bio-Path’s innovative approach, targeting Bcl-2 at the mRNA level, may bypass some resistance mechanisms associated with venetoclax, potentially offering a more effective treatment option.

Clinical Trial Advances and Future Prospects

Conducted at leading cancer centers, including Weill Medical College of Cornell University and The University of Texas MD Anderson Cancer Center, the trial has completed testing two dose levels of BP1002. With these stages complete, the trial will advance to higher doses and eventually to combination therapy phases.

Market Response to Clinical Developments

In response to these promising developments, Bio-Path’s stock has seen a significant surge. The stock closed at $5.40, up by 67.18% from the previous close of $3.23. The day’s trading was volatile, with shares fluctuating between $4.86 and $7.67. This robust performance reflects investor confidence boosted by the trial’s progress and Bio-Path’s potential in the AML treatment market. Notably, the trading volume spiked to 68,700,894, far exceeding the average volume of 39,855, indicating heightened interest and activity in Bio-Path shares.

The Broader Impact of Bio-Path’s Research

Beyond BP1002, Bio-Path is advancing its pipeline with other candidates like prexigebersen (BP1001) for blood cancers and solid tumors, and is preparing to file an IND for BP1003, targeting the STAT3 protein. This extensive research effort underscores Bio-Path’s commitment to its proprietary DNAbilizeĀ® antisense RNAi nanoparticle technology and its potential to revolutionize cancer treatment.

Whats next ?

Bio-Path Holdingsā€™ recent update and the enthusiastic market response underscore the significant progress being made in the treatment of AML. As the company prepares for higher dose tests and combination therapies, both the medical community and investors are keenly watching, hopeful for breakthroughs that could fundamentally change the treatment landscape for AML and potentially other cancers. For further details about Bio-Path and its innovative work, visit their website.

Bio-Path’s efforts represent not only a leap forward in medical research but also a beacon of hope for patients facing limited treatment options. With each research milestone, new treatment possibilities emerge, promising to expand the arsenal against AML and enhance patient outcomes.