Lantern Pharma Inc. (LTRN) reports earnings

The report was filed on March 27, 2025

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Lantern Pharma Inc. (LTRN-4.68%) has submitted its Form 10-K filing for the fiscal year ended December 31, 2024.

The filing outlines the company's drug development strategy, focusing on three lead drug candidates: LP-300, LP-184, and LP-284. These candidates are in various stages of clinical trials targeting multiple cancer indications, including non-small cell lung cancer, pancreatic cancer, glioblastoma, and hematological cancers.

Lantern Pharma's development approach leverages its proprietary RADR® platform, which uses artificial intelligence and machine learning to identify potential drug candidates and patient populations likely to respond to treatment.

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The company is conducting a Phase 2 clinical trial for LP-300, targeting never-smoker patients with non-small cell lung cancer, and a Phase 1 clinical trial for LP-184, focusing on patients with advanced solid tumors and glioblastoma.

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Lantern Pharma has formed a subsidiary, Starlight Therapeutics Inc., to develop LP-184 for central nervous system and brain cancer indications, now referred to as STAR-001.

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The company is also advancing LP-284 in a Phase 1 clinical trial for relapsed refractory lymphomas and solid tumors, with a focus on mantle cell lymphoma and high-grade B-cell lymphoma.

Lantern Pharma's ADC program is exploring the development of antibody-drug conjugates using cryptophycin as the drug payload, with research collaborations in place to optimize this approach.

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The company's intellectual property portfolio includes over 195 active patents and patent applications across 15 patent families, covering its drug candidates and RADR® platform.

Lantern Pharma acknowledges the challenges and risks associated with drug development, including the need for substantial additional funding, potential delays in clinical trials, and regulatory hurdles.

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The filing also highlights the competitive landscape in the biotechnology and artificial intelligence-driven drug development sectors, with Lantern Pharma positioning itself as a leader in precision oncology.

This content was summarized by generative artificial intelligence using public filings retrieved from SEC.gov. The original data was derived from the Lantern Pharma Inc. annual 10-K report dated March 27, 2025. To report an error, please email earnings@qz.com.