Mast Therapeutics (MSTX) Shares See Strong Trading Amid Corp. Overview

October 19, 2016 1:06 PM EDT
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Mast Therapeutics (NYSE: MSTX) shares are up markedly as the company filed its Corporate Overview today.

In part, Mast Therapeutics offering the following overview:

Cash/investments at 8/31/2016 were $30.3 million.

  • $10.6 million in principal debt payments made on Sept. & Oct.
  • Outstanding principal debt balance of $3.7 million

Estimate operating expenses for 2017 are about $8 to $9 million

The company is focused on clinical development of AIR001 for HFpEF

  • Supporting three investigator-sponsored Phase 2 clinical studies at prestigious research institutions
  • Interim results from HFpEF-PH expected in Q416
  • Results from 100-patient INDIE study expected in Q417

MSTX is actively evaluating partnering and licensing opportunities.

The Overview is embedded below. MSTX shares are up 7.7 percent.

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