0001144204-16-117896.txt : 20160810 0001144204-16-117896.hdr.sgml : 20160810 20160810080015 ACCESSION NUMBER: 0001144204-16-117896 CONFORMED SUBMISSION TYPE: 8-K PUBLIC DOCUMENT COUNT: 3 CONFORMED PERIOD OF REPORT: 20160810 ITEM INFORMATION: Results of Operations and Financial Condition ITEM INFORMATION: Financial Statements and Exhibits FILED AS OF DATE: 20160810 DATE AS OF CHANGE: 20160810 FILER: COMPANY DATA: COMPANY CONFORMED NAME: BIO-PATH HOLDINGS INC CENTRAL INDEX KEY: 0001133818 STANDARD INDUSTRIAL CLASSIFICATION: PHARMACEUTICAL PREPARATIONS [2834] IRS NUMBER: 870652870 STATE OF INCORPORATION: DE FISCAL YEAR END: 1231 FILING VALUES: FORM TYPE: 8-K SEC ACT: 1934 Act SEC FILE NUMBER: 001-36333 FILM NUMBER: 161820002 BUSINESS ADDRESS: STREET 1: 4710 BELLAIRE BOULEVARD STREET 2: SUITE 210 CITY: BELLAIRE STATE: TX ZIP: 77401 BUSINESS PHONE: (832) 742-1357 MAIL ADDRESS: STREET 1: 4710 BELLAIRE BOULEVARD STREET 2: SUITE 210 CITY: BELLAIRE STATE: TX ZIP: 77401 FORMER COMPANY: FORMER CONFORMED NAME: OGDEN GOLF CO CORP DATE OF NAME CHANGE: 20010205 8-K 1 v446466_8k.htm FORM 8-K

UNITED STATES

SECURITIES AND EXCHANGE COMMISSION

WASHINGTON, DC 20549

 

FORM 8-K

 

CURRENT REPORT PURSUANT

TO SECTION 13 OR 15(d) OF THE

SECURITIES EXCHANGE ACT OF 1934

 

 

Date of report (Date of earliest event reported):  August 10, 2016

 

BIO-PATH HOLDINGS, INC.

(Exact name of registrant as specified in its charter)

 

Delaware 001-36333 87-0652870

(State or other jurisdiction

of incorporation)

(Commission File Number) (IRS Employer Identification No.)

 

4710 Bellaire Boulevard, Suite 210, Bellaire, Texas 77401
(Address of principal executive offices) (Zip Code)

 

(832) 742-1357

(Registrant’s Telephone Number, Including Area Code)

 

 

(Former Name or Former Address, if Changed Since Last Report)

 

Check the appropriate box below if the Form 8-K filing is intended to simultaneously satisfy the filing obligation of the registrant under any of the following provisions:

 

¨      Written communications pursuant to Rule 425 under the Securities Act (17 CFR 230.425)

 

¨      Soliciting material pursuant to Rule 14a-12 under the Exchange Act (17 CFR 240.14a-12)

 

¨      Pre-commencement communications pursuant to Rule 14d-2(b) under the Exchange Act (17 CFR 240.14d-2(b))

 

¨      Pre-commencement communications pursuant to Rule 13e-4(c) under the Exchange Act (17 CFR 240.13e-4(c))

 

 

   

 

Item 2.02Results of Operations and Financial Condition.

 

The information in this Current Report on Form 8-K (this “Current Report”) is being furnished pursuant to Item 2.02 of Form 8-K and, according to general instruction B.2. thereunder, the information in this Current Report shall not be deemed “filed” for the purposes of Section 18 of the Securities Exchange Act of 1934, as amended, or otherwise subject to the liabilities of that section. The information in this Current Report shall not be incorporated by reference into any registration statement pursuant to the Securities Act of 1933, as amended.

 

On August 10, 2016, Bio-Path Holdings, Inc. (the “Company”) announced financial results for the quarter ended June 30, 2016. Additional information is included in the Company’s press release. A copy of the Company’s press release is attached hereto as Exhibit 99.1. The foregoing description of the press release is qualified in its entirety by reference to the attached exhibit.

 

Item 9.01Financial Statements and Exhibits.

 

(d)Exhibits.

 

Exhibit
Number
Description

 

99.1Press Release dated August 10, 2016

 

 

   

 

SIGNATURES

 

Pursuant to the requirements of the Securities Exchange Act of 1934, the Company has duly caused this Current Report to be signed on its behalf by the undersigned hereunto duly authorized.

 

  BIO-PATH HOLDINGS, INC.  
     
     
Dated: August 10, 2016 By:  /s/ Peter H. Nielsen  
    Peter H. Nielsen
President and Chief Executive Officer
 

 

 

   

 

EXHIBIT INDEX

 

Exhibit
Number
Description

 

99.1Press Release dated August 10, 2016

 

 

   

 

EX-99.1 2 v446466_ex99-1.htm EXHIBIT 99.1

 

Exhibit 99.1

 

 

 

BIO-PATH HOLDINGS REPORTS SECOND QUARTER 2016 FINANCIAL RESULTS

 

Conference Call to be Held Today at 8:30 A.M. ET

 

HOUSTON—August 10, 2016 – Bio-Path Holdings, Inc. (NASDAQ: BPTH), a biotechnology company leveraging its proprietary DNAbilize™ liposomal delivery and antisense technology to develop a portfolio of targeted nucleic acid cancer drugs, today announced its financial results for the second quarter ended June 30, 2016 and also provided an update on recent corporate developments.

 

“We made significant progress advancing our clinical development programs during the second quarter. Specifically, we were pleased to announce a sponsored research agreement with Thomas Jefferson University to investigate our DNAbilize™ technology for the development of a brain cancer immunotherapy,” said Peter Nielsen, President and CEO of Bio-Path Holdings. “In addition, we advanced preparations for the efficacy portion of our Phase II program of BP1001 for the treatment of acute myeloid leukemia (AML).  We have seven leading cancer centers committed to conducting this trial and look forward to dosing patients in the near term.”  

 

Recent Corporate Highlights

 

·Entered Sponsored Research Agreement with Thomas Jefferson University. The Company entered into a sponsored research agreement with Thomas Jefferson University to investigate Bio-Path’s DNAbilize™ antisense DNA technology for the development of a brain cancer immunotherapy that works by activating the patient’s own immune system to fight the patient’s cancer.

 

·Completed Registered Direct Public Offering. On July 5, 2016, the Company completed the sale and issuance of 5,882,353 shares of common stock and warrants to purchase up to 2,941,177 shares of common stock in a registered direct offering with gross proceeds of approximately $10.0 million.

 

·Presented Data at the 2016 American Society of Clinical Oncology Annual Meeting (ASCO). Dr. Maro Ohanian, Assistant Professor at The University of Texas MD Anderson Cancer Center, presented data at the 2016 ASCO Annual Meeting. Results from the Phase I study of BP1001 for the treatment of AML and CML as well as the safety segment of the Phase II combination therapy of BP1001 in combination with low-dose cytarabine (LDAC) as a treatment for advanced AML were presented in a poster titled, “Phase I Study of BP1001 (Liposomal Grb2 Antisense) in Patients with Hematologic Malignancies.”

 

·Presented Data at the 18th Annual TIDES: Oligonucleotide and Peptides Therapeutics Conference. In May, Dr. Ana Tari Ashizawa delivered a presentation titled, “Clinical Studies of BP1001, a drug candidate utilizing DNAbilize™ Antisense DNA Technology, in Hematologic Malignancies” at the 18th Annual TIDES: Oligonucleotide and Peptides Therapeutics Conference.

 

 

   

 

Financial Results for the Second Quarter Ended June 30, 2016

 

The Company reported a net loss of $1.9 million, or $0.02 per share, for the three months ended June 30, 2016, compared to a net loss of $1.1 million, or $0.01 per share, for the same period last year.  The increase was primarily due to preparations related to the Company’s Phase II clinical trial for BP1001 in AML.

 

Research and development expenses for the three months ended June 30, 2016 increased to $1.2 million, compared to $0.6 million for the same period last year. General and administrative expenses for the three months ended June 30, 2016 increased to $0.8 million, compared to $0.6 million for the same period last year.

 

As of June 30, 2016, the Company had cash of $4.2 million, compared to $8.9 million at December 31, 2015. Net cash used in operating activities for the six months ended June 30, 2016 was $4.6 million compared to $2.8 million for the comparable period in 2015.

 

Conference Call and Webcast Information

 

Bio-Path Holdings will host a conference call today to review these second quarter 2016 financial results, as well as to provide a general update on the Company, via a webcast and conference call at 8:30 a.m. ET. To access the conference call please dial (844) 260-6671 (domestic) or (508) 915-0912 (international) and refer to the conference ID number 52615237. A live audio webcast of the call and the archived webcast will be available in the Investors section of the Company’s website at www.biopathholdings.com.

 

About Bio-Path Holdings, Inc.

 

Bio-Path is a biotechnology company focused on developing therapeutic products utilizing DNAbilize™, its proprietary liposomal delivery and antisense technology, to systemically distribute nucleic acid drugs throughout the human body with a simple intravenous transfusion. Bio-Path’s lead product candidate, BP1001 (Liposomal Grb2 antisense), is in a Phase II study for blood cancers and in preclinical studies for solid tumors. Bio-Path’s second drug candidate, also a liposomal antisense drug, is being readied for the clinic where it will be evaluated in lymphoma and solid tumors.

 

For more information, please visit the Company's website at http://www.biopathholdings.com.

 

# # #

 

Contact Information:

 

Investors

 

Will O’Connor

Stern Investor Relations

212-362-1200

will@sternir.com

 

Doug Morris

Investor Relations

Bio-Path Holdings, Inc.

832-742-1369

 

 

   

 

GRAPHIC 3 image_001.jpg GRAPHIC begin 644 image_001.jpg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