Wednesday, April 03, 2019 11:21:10 AM
Oppenheimer comments...
Celsion Corporation (CLSN) reported 4Q18 and provided a business update to investors last Friday. In focus, CLSN is approaching two interim analyses for ThermoDox from the fully-enrolled Phase 3 OPTIMA study expected in 3Q19 and 2020. We are encouraged by the DMC's December 18, 2018 assessment, highlighting a median PFS of 21.2 months as of the October 4th data cut-off. In addition, the earlier-stage OVATION II with GEN-1 continues to progress, enrolling patients for dose selection and safety. With 2018 year-end cash of $27.7 million, CLSN has ample runway to reach these meaningful potential value-creating catalysts, in our view. We remain bullish.
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