April 7, 2020

VIA EDGAR

U.S. Securities and Exchange Commission

Division of Corporate Finance

Washington, DC 20549

Re:        Moleculin Biotech, Inc.

Registration Statement on Form S-3

Registration No. 333-235686

Ladies and Gentlemen:

Pursuant to Rule 461 of the Securities Act of 1933, as amended, Moleculin Biotech, Inc., a Delaware corporation (the “Company”), hereby respectfully requests that the effective date for the Registration Statement referred to above be accelerated so that it will be declared effective at 4:30 P.M. (Eastern Time) on April 9, 2020, or as soon thereafter as possible on such date.

Very truly yours,

Moleculin Biotech, Inc.

By: /s/ Jonathan P. Foster        

Name: Jonathan P. Foster

Title: Chief Financial Officer

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