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Salarius Pharmaceuticals, Inc. (SLRX)

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1.6100-0.2600 (-13.90%)
At close: 4:00PM EST

1.4100 -0.20 (-12.42%)
Pre-Market: 4:26AM EST

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Previous Close1.8700
Open1.8800
Bid0.0000 x 2200
Ask0.0000 x 3100
Day's Range1.5900 - 1.9200
52 Week Range0.5550 - 3.5000
Volume2,124,963
Avg. Volume2,785,289
Market Cap38.332M
Beta (5Y Monthly)N/A
PE Ratio (TTM)N/A
EPS (TTM)-0.6560
Earnings DateMar 22, 2021 - Mar 26, 2021
Forward Dividend & YieldN/A (N/A)
Ex-Dividend DateN/A
1y Target Est4.43
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  • Salarius Announces Proposed Public Offering of Common Stock
    GlobeNewswire

    Salarius Announces Proposed Public Offering of Common Stock

    HOUSTON, March 03, 2021 (GLOBE NEWSWIRE) -- Salarius Pharmaceuticals, Inc. (Nasdaq: SLRX), a clinical-stage biopharmaceutical company developing potential new medicines for patients with pediatric cancers, solid tumors, and other cancers, today announced that it has commenced an underwritten public offering of shares of its common stock. The offering is subject to market and other conditions, and there can be no assurance as to whether or when the offering may be completed, or as to the actual size or terms of the offering. Ladenburg Thalmann & Co. Inc. is acting as sole book-running manager in connection with the public offering. A shelf registration statement on Form S-3 (File No. 333-231010) relating to the shares was filed with the Securities and Exchange Commission (the “SEC”) and was declared effective by the SEC on May 17, 2019. A copy of the preliminary prospectus supplement and accompanying prospectus relating to the offering, when available, may be obtained be obtained at the SEC’s website at www.sec.gov or from Ladenburg Thalmann & Co. Inc., Attn: Prospectus Department, 640 Fifth Avenue, New York, NY 10019 or by email at prospectus@ladenburg.com. This press release shall not constitute an offer to sell or the solicitation of an offer to buy these securities, nor shall there be any sale of these securities in any state or jurisdiction in which such offer, solicitation or sale would be unlawful prior to registration or qualification under the securities laws of any such state or jurisdiction. About Salarius Pharmaceuticals, Inc. Salarius Pharmaceuticals, Inc. is a clinical-stage biopharmaceutical company developing cancer therapies for patients in need of new treatment options. Salarius’ lead candidate, seclidemstat, is being studied as a potential treatment for pediatric cancers, solid tumors and other cancers with limited treatment options. Seclidemstat is currently in a Phase 1/2 clinical trial for relapsed/refractory Ewing sarcoma, for which it has received Fast Track Designation, Orphan Drug Designation and Rare Pediatric Disease Designation from the U.S. Food and Drug Administration. Salarius is also developing seclidemstat for several cancers with high unmet medical need, with a second clinical study in advanced solid tumors, including prostate, breast, and ovarian cancers. Salarius has received financial support from the National Pediatric Cancer Foundation to advance the Ewing sarcoma clinical program and was also the recipient of a Product Development Award from the Cancer Prevention and Research Institute of Texas (CPRIT). For more information, please visit salariuspharma.com. Forward-Looking Statements This press release contains forward-looking statements within the Private Securities Litigation Reform Act of 1995, including statements that relate to the offering, the expected completion of the offering, and other information that is not historical information. Actual results or developments may differ materially from those projected or implied in these forward-looking statements. Factors that may cause such a difference include risks and uncertainties related to completion of the public offering on the anticipated terms or at all, market conditions, the impact of the COVID-19 pandemic, and the satisfaction of customary closing conditions related to the public offering. More information about the risks and uncertainties faced by Salarius is contained in the sections captioned “Risk Factors” in the preliminary prospectus supplement and the accompanying prospectus related to the public offering filed with the SEC, including the documents incorporated by reference therein. Salarius disclaims any intention or obligation to update or revise any forward-looking statements, whether as a result of new information, future events, or otherwise. Contact Tiberend Strategic Advisors, Inc.Maureen McEnroe, CFA/Miriam Weber Miller (investors)(212) 375-2664/ 2694mmcenroe@tiberend.com/mmiller@tiberend.com Johanna Bennett (media)(212) 375-2686jbennett@tiberend.com

  • Salarius Pharmaceuticals Initiates Expansion Stage of Phase 1/2 Clinical Trial of Seclidemstat in Patients with Ewing Sarcoma and Ewing-Related Sarcomas
    GlobeNewswire

    Salarius Pharmaceuticals Initiates Expansion Stage of Phase 1/2 Clinical Trial of Seclidemstat in Patients with Ewing Sarcoma and Ewing-Related Sarcomas

    Relapsed and refractory Ewing sarcoma patients to receive seclidemstat in combination with chemotherapy agents as second- and third-line therapy; Protocol amendment expands and improves access to addressable patient population Ewing-related sarcoma patients to receive single-agent therapy supported by preliminary signs of drug activity indicating an increase in patients time to progression Salarius to host Conference Call and Live Audio Webcast Today, Wednesday, February 24, 2021, at 8:30 a.m. ET HOUSTON, Feb. 24, 2021 (GLOBE NEWSWIRE) -- Salarius Pharmaceuticals, Inc. (Nasdaq: SLRX), a clinical-stage biopharmaceutical company developing potential new medicines for patients with pediatric cancers, solid tumors, and other cancers, announced today the initiation of the expansion stage of its ongoing Phase 1/2 clinical trial of seclidemstat in patients with relapsed and refractory (R/R) Ewing sarcoma and Ewing-related sarcomas, also known as FET-translocated sarcomas. Seclidemstat is a novel, oral, reversible inhibitor of the lysine-specific histone demethylase 1 enzyme (LSD1), an enzyme that has been shown to play a key role in the development and progression of certain cancers. Per the amended trial protocol, the expansion stage will consist of two treatment arms. The first arm will enroll up to 20 Ewing sarcoma patients and will investigate seclidemstat at the recommended Phase 2 dose (RP2D) in combination with the chemotherapy agents topotecan and cyclophosphamide (TC) as a potential second- and third-line therapy for Ewing sarcoma. The second arm will enroll up to 30 patients with Ewing-related sarcomas and will investigate seclidemstat as a single-agent therapy at the RP2D. Both the Ewing and Ewing-related sarcoma arms are designed to evaluate safety and efficacy endpoints, and Salarius expects to report data readouts from the trial towards the end of 2021 and into 2022. “Combining seclidemstat with the chemotherapy agents topotecan and cyclophosphamide, a well-accepted second- or third-line treatment for patients with Ewing sarcoma, provides an opportunity to utilize seclidemstat earlier in the treatment continuum while increasing the patient population that receives seclidemstat,” stated Damon Reed, M.D., Program Leader of the Adolescent and Young Adult Program at the Moffitt Cancer Center and Principle Investigator of the Salarius Ewing and Ewing-related sarcoma clinical trial. Nadeem Q. Mirza, M.D., M.P.H., Senior Vice President, Clinical Development for Salarius, commented, “There is strong support for this development strategy. Safety data for seclidemstat from the previous dose-escalation stage of the Ewing sarcoma trial suggests that a combination regimen with topotecan and cyclophosphamide should result in a manageable safety profile, an important aspect when considering combination treatments for cancer patients. Moreover, internal preclinical research of seclidemstat in Ewing sarcoma cell lines showed seclidemstat to have an additive effect when combined with topotecan and cyclophosphamide; meaning the anti-tumor effects of each therapy build upon each other and together have a more pronounced effect on Ewing sarcoma cells.” Dr. Mirza continued, “The expansion into Ewing-related sarcomas is supported by encouraging signs of seclidemstat clinical activity among the subset of Ewing-related sarcoma patients enrolled in our Advanced Solid Tumor trial. All of these patients had time to progression longer than a common benchmark used to assess single-agent activity in the advanced, relapsed soft tissue sarcoma setting. Furthermore, as previously reported, all patients in the subset demonstrated preliminary signs of seclidemstat drug activity at levels below the RP2D. Based on these results, Salarius has the opportunity to pursue a second treatable patient population and establish a potential second path to regulatory approval for seclidemstat.” “This is an exciting opportunity to strengthen the treatment alternatives we can deliver to patients and to expand the number of patients who may benefit from seclidemstat,” stated David Arthur, President and Chief Executive of Salarius Pharmaceuticals. “By combining seclidemstat with topotecan and cyclophosphamide, we hope to open the door to seclidemstat’s potential use earlier in the treatment continuum as second- and third-line therapy while improving outcomes for Ewing sarcoma patients. We believe our clinical program across Ewing and Ewing-related sarcomas allows more patients to receive seclidemstat far earlier in their treatment paradigm, and we believe this could not only increase the clinical benefits of seclidemstat but also provide the best chance to improve survival outcomes.” Ewing Sarcoma Dose-Escalation Trial Review As previously announced, the recently completed dose-escalation stage of the Phase 1/2 trial demonstrated seclidemstat had a manageable safety profile and established the recommended Phase 2 dose (RP2D). Further, pharmacokinetic (PK) data from the dose-escalation study indicated that treatment at the RP2D achieved plasma concentrations above levels where seclidemstat demonstrated activity in preclinical studies. Safety and efficacy results from both the Ewing sarcoma trial and the Advanced Solid Tumor trial are planned for presentation at an upcoming medical conference. Conference embargo rules prevent further disclosure at this time. Conference Call Information: Salarius Pharmaceuticals will host a conference call and live audio webcast on Wednesday, February 24, 2021, at 8:30 a.m. ET, to discuss advancements in the Phase 1/2 clinical trial of seclidemstat in patients with Ewing sarcoma and Ewing-related sarcomas. Interested participants and investors may access the conference call by dialing either: (833) 423-0481 (U.S.)(918) 922-2375 (international)Conference ID: 9278225 About Salarius PharmaceuticalsSalarius Pharmaceuticals, Inc. is a clinical-stage biopharmaceutical company developing cancer therapies for patients in need of new treatment options. Salarius’ lead candidate, seclidemstat, is being studied as a potential treatment for pediatric cancers, solid tumors and other cancers with limited treatment options. Seclidemstat is currently in a Phase 1/2 clinical trial for relapsed/refractory Ewing sarcoma, for which it has received Fast Track Designation, Orphan Drug Designation and Rare Pediatric Disease Designation from the U.S. Food and Drug Administration. Salarius is also developing seclidemstat for several cancers with high unmet medical need, with a second Phase 1/2 clinical study in advanced solid tumors, including prostate, breast, and ovarian cancers. Salarius has received financial support from the National Pediatric Cancer Foundation to advance the Ewing sarcoma clinical program and was also the recipient of a Product Development Award from the Cancer Prevention and Research Institute of Texas (CPRIT). For more information, please visit salariuspharma.com. Forward-Looking StatementsThis press release contains “forward-looking statements” within the meaning of the Private Securities Litigation Reform Act of 1995. All statements, other than statements of historical facts, included in this press release are forward-looking statements. These forward-looking statements may be identified by terms such as “anticipate,” “potential,” “progress,” “design,” “estimate,” “continue,” “will,” “aim,” “can,” “believe,” “plan,” “allow,” “expect,” “intend,” “goal,” “provide,” “able to,” “position,” “project,” “developing,” and similar terms or expressions or the negative thereof. Examples of such statements include, but are not limited to, statements relating to the following: The status and anticipated progress and milestones of Salarius’ clinical trials in relapsed and refractory Ewing sarcoma and Ewing-related sarcomas; Salarius’ developing cancer therapies for patients that need them the most; Salarius’ developing seclidemstat for several cancers with high unmet medical need; Salarius’ developing seclidemstat as a potential treatment for pediatric cancers, solid tumors and other cancers with limited treatment options; Salarius advancing seclidemstat to the dose-escalation stage of the Phase 1/2 clinical trial in relapsed and refractory Ewing sarcoma; the potential of seclidemstat as a treatment for Ewing-related sarcomas; the ability of seclidemstat to demonstrate drug activity; the ability and degree to which seclidemstat could have an impact on the treatment of Ewing sarcoma and Ewing-related sarcomas; the ability and degree to which seclidemstat administered in combination with the chemotherapy agents topotecan and cyclophosphamide could have an impact on the treatment of Ewing sarcoma. Salarius may not actually achieve the plans, carry out the intentions or meet the expectations or objectives disclosed in the forward-looking statements. You should not place undue reliance on these forward-looking statements. These statements are subject to risks and uncertainties which could cause actual results and performance to differ materially from those discussed in the forward-looking statements. These risks and uncertainties include, but are not limited to, the following: the sufficiency of Salarius’ capital resources; the ability of, and need for, Salarius to raise additional capital to meet Salarius’ business operational needs and to achieve its business objectives and strategy; Salarius’ ability to project future capital needs and cash utilization and timing and accuracy thereof; the ability of Salarius to access the remaining funding available under the CPRIT grant; future clinical trial results and impact of results on Salarius; that the results of studies and clinical trials may not be predictive of future clinical trial results; the sufficiency of Salarius’ intellectual property protection; risks related to the drug development and the regulatory approval process; the competitive landscape and other industry-related risks; market conditions and regulatory or contractual restrictions which may impact the ability of Salarius to raise additional capital; the possibility of unexpected expenses or other uses of Salarius’ cash resources; risks related to the COVID-19 outbreak; and other risks described in Salarius’ filings with the Securities and Exchange Commission, including those discussed in Salarius’ quarterly report on Form 10-Q for the quarter ended September 30, 2020 and in Salarius’ annual report on Form 10-K for the year ended December 31, 2019. The forward-looking statements contained in this press release speak only as of the date of this press release and are based on management’s assumptions and estimates as of such date. Salarius disclaims any intent or obligation to update these forward-looking statements to reflect events or circumstances that exist after the date on which they were made. Contact Tiberend Strategic Advisors, Inc.Maureen McEnroe, CFA/Miriam Weber Miller (investors)(212) 375-2664/ 2694 mmcenroe@tiberend.com/mmiller@tiberend.com Johanna Bennett (media)(212) 375-2686 jbennett@tiberend.com

  • Salarius Pharmaceuticals to Present at the Diamond Equity Research Emerging Growth Invitational Virtual Conference
    GlobeNewswire

    Salarius Pharmaceuticals to Present at the Diamond Equity Research Emerging Growth Invitational Virtual Conference

    HOUSTON, Feb. 22, 2021 (GLOBE NEWSWIRE) -- Salarius Pharmaceuticals, Inc. (Nasdaq: SLRX), a clinical-stage biopharmaceutical company developing potential new medicines for patients with pediatric cancers, solid tumors, and other cancers, announced today that Salarius CEO David Arthur will present during the virtual Diamond Equity Research Emerging Growth Invitational Conference taking place Wednesday, February 24, 2021. All registered conference attendees will be able to view the live virtual presentation. During the presentation, Mr. Arthur will provide an overview of Salarius’ business and highlight recent corporate achievements, as well as anticipated milestones in the clinical programs for seclidemstat. Seclidemstat is a reversible LSD1 inhibitor now the subject of two Phase 1/2 clinical trials for Ewing sarcoma, a rare and deadly pediatric bone cancer, and advanced solid tumors (AST). A question-and-answer session will follow the presentation. Details of Salarius’ presentation are as follows: Event:Diamond Equity Research Emerging Growth Invitational Date: Wednesday, February 24, 2021 Time:1:40-2:05 p.m. ET Registration:https://diamondconferences.com/register/ Following the conclusion of the event, a recording of Mr. Arthur’s presentation will be available under “Events & Presentations” in the Investors section of the Company’s website at www.salariuspharma.com. About Salarius PharmaceuticalsSalarius Pharmaceuticals, Inc. is a clinical-stage biopharmaceutical company developing cancer therapies for patients in need of new treatment options. Salarius’ lead candidate, seclidemstat, is being studied as a potential treatment for pediatric cancers, solid tumors and other cancers with limited treatment options. Seclidemstat is currently in a Phase 1/2 clinical trial for relapsed/refractory Ewing sarcoma, for which it has received Fast Track Designation, Orphan Drug Designation and Rare Pediatric Disease Designation from the U.S. Food and Drug Administration. Salarius is also developing seclidemstat for several cancers with high unmet medical need, with a second Phase 1/2 clinical study in advanced solid tumors, including prostate, breast, and ovarian cancers. Salarius has received financial support from the National Pediatric Cancer Foundation to advance the Ewing sarcoma clinical program and was also a recipient of a Product Development Award from the Cancer Prevention and Research Institute of Texas (CPRIT). For more information, please visit salariuspharma.com or follow Salarius on Twitter and LinkedIn. Forward-Looking StatementsThis press release contains “forward-looking statements” within the meaning of the Private Securities Litigation Reform Act of 1995. All statements, other than statements of historical facts, included in this press release are forward-looking statements. These forward-looking statements may be identified by terms such as “anticipate,” “potential,” “progress,” “design,” “estimate,” “continue,” “will,” “aim,” “can,” “believe,” “plan,” “allow,” “expect,” “intend,” “goal,” “provide,” “able to,” “position,” “project,” “developing,” and similar terms or expressions or the negative thereof. Examples of such statements include, but are not limited to, statements relating to the following: Salarius’ plans for the use of this CPRIT drawdown, Salarius’ growth strategy; the value of seclidemstat as a potential treatment for Ewing sarcoma and other cancers; the status and anticipated progress and milestones of Salarius’ clinical trials in advanced solid tumors and Ewing sarcoma including statements related to when Salarius will reach the maximum tolerated dose in the Phase 1 portion of the study and when Salarius will begin the Phase 2 expansion portion of any study; the expansion of Salarius’ clinical trials to include Ewing-related sarcomas; Salarius’ belief as to being well-capitalized; the anticipated use of proceeds from Salarius’ most recent public offering; the anticipated use of proceeds from Salarius’ warrant exercise; Salarius’ use of any proceeds from “at the market” sale of its shares; Salarius’ developing seclidemstat for several cancers with high unmet medical need; and Salarius plans to initiate additional clinical trials. Salarius may not actually achieve the plans, carry out the intentions or meet the expectations or objectives disclosed in the forward-looking statements. You should not place undue reliance on these forward-looking statements. These statements are subject to risks and uncertainties which could cause actual results and performance to differ materially from those discussed in the forward-looking statements. These risks and uncertainties include, but are not limited to, the following: the sufficiency of Salarius’ capital resources; the ability of, and need for, Salarius to raise additional capital to meet Salarius’ business operational needs and to achieve its business objectives and strategy; Salarius’ ability to project future capital needs and cash utilization and timing and accuracy thereof; the ability of Salarius to access the remaining funding available under the CPRIT grant; future clinical trial results and impact of results on Salarius; that the results of studies and clinical trials may not be predictive of future clinical trial results; the sufficiency of Salarius’ intellectual property protection; risks related to the drug development and the regulatory approval process; the competitive landscape and other industry-related risks; market conditions and regulatory or contractual restrictions which may impact the ability of Salarius to raise additional capital; the possibility of unexpected expenses or other uses of Salarius’ cash resources; risks related to the COVID-19 outbreak; and other risks described in Salarius’ filings with the Securities and Exchange Commission, including those discussed in Salarius’ quarterly report on Form 10-Q for the quarter ended September 30, 2020 and in Salarius’ annual report on Form 10-K for the year ended December 31, 2019. The forward-looking statements contained in this press release speak only as of the date of this press release and are based on management’s assumptions and estimates as of such date. Salarius disclaims any intent or obligation to update these forward-looking statements to reflect events or circumstances that exist after the date on which they were made. Contact Tiberend Strategic Advisors, Inc.Maureen McEnroe, CFA/Miriam Miller (investors)(212) 375-2664/ 2694 mmcenroe@tiberend.com/mmiller@tiberend.com Johanna Bennett (media)(212) 375-2686 jbennett@tiberend.com