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Lantern Pharma (LTRN)

Company Profile
Lantern Pharma (LTRN) is a clinical-stage biopharmaceutical company innovating the repurposing, revitalization and development of precision therapeutics in oncology. It leverages advances in machine learning, genomics, and artificial intelligence by using a proprietary A.I. platform to discover biomarker signatures that help identify patients more likely to respond to its pipeline of cancer therapeutics. Lantern's focus is to improve the outcome for patients by leveraging its technology to uncover, rescue and develop abandoned or failed drugs. Its current pipeline of three drugs, with two programs in clinical stages and two in preclinical, focuses on cancers that have unique and unmet clinical needs with a clearly defined patient population. It believes that the use of machine learning, genomics and computational methods can help accelerate the revitalization, refocusing and development of small molecule-based therapies. By targeting drugs to patients whose genomic profile identifies them as having the highest probability of benefiting from the drug, this approach represents the potential to deliver best-in-class outcomes. Its team seeks out experienced industry partners, world-class scientific advisors, and innovative clinical-regulatory approaches to assist in delivering cancer therapies to patients as quickly and efficiently as possible.
Lantern Pharma logo

Company profile

Ticker
LTRN
Exchange
NASDAQ
Website
www.lanternpharma.com
CEO
Panna L. Sharma
Employees
Incorporated
Texas
Location
Texas
Fiscal year end
Dec 31
Sector
Manufacturing > Pharmaceutical Preparation Manufacturing
Industry (SIC)
Pharmaceutical Preparations
Pfizer • Johnson & Johnson • Merck & Co • Abbott Laboratories • Teva- Pharmaceutical Industries • Bristol-Myers Squibb • Lilly(Eli) & Co • Viatris • Abbvie • Celgene ...
Former names
Lantern Pharma
SEC CIK
0001763950
Corporate docs
Articles of Incorporation & Bylaws
Underwriting Agreements
Plans of Reorganization
Indentures
Material Contracts & Credit Agreements
Subsidiaries Lists
Subsidiaries
Lantern Pharma Australia Pty Ltd • Lantern Pharma Limited ...
IRS number
463973463

LTRN stock data

Latest filings (excl ownership)
View all
8-K
Departure of Directors or Certain Officers
18 Jan 23
10-Q
2022 Q3
Quarterly report
7 Nov 22
8-K
Lantern Pharma Reports Third Quarter 2022 Financial Results and Operational Highlights
7 Nov 22
10-Q
2022 Q2
Quarterly report
8 Aug 22
8-K
Lantern Pharma Reports Second Quarter 2022 Financial Results and Operational Highlights
8 Aug 22
8-K
Submission of Matters to a Vote of Security Holders
14 Jun 22
DEFA14A
Additional proxy soliciting materials
3 May 22
10-Q
2022 Q1
Quarterly report
3 May 22
8-K
Lantern Pharma Reports First Quarter 2022 Financial Results and Operational Highlights
3 May 22
DEF 14A
Definitive proxy
27 Apr 22
Transcripts
View all
LTRN
Earnings call transcript
2022 Q3
8 Nov 22
LTRN
Earnings call transcript
2022 Q2
9 Aug 22
LTRN
Earnings call transcript
2022 Q1
4 May 22
LTRN
Earnings call transcript
2021 Q4
11 Mar 22
LTRN
Earnings call transcript
2021 Q3
2 Nov 21
LTRN
Earnings call transcript
2021 Q2
31 Jul 21
LTRN
Earnings call transcript
2021 Q1
4 May 21
LTRN
Earnings call transcript
2020 Q4
11 Mar 21
LTRN
Earnings call transcript
2020 Q3
30 Oct 20
Latest ownership filings
View all
SC 13G
ProPhase Labs, Inc.
21 Nov 22
4
Leslie W. Kreis
9 Nov 22
4
Aaron G.L. Fletcher
9 Nov 22
4
Maria-Luisa Maccecchini
24 Oct 22
4
Aaron G.L. Fletcher
7 Sep 22
4
Leslie W. Kreis
7 Sep 22
4
PANNA SHARMA
9 Aug 22
3
Maria-Luisa Maccecchini
17 Jun 22
SC 13D/A
Bios Equity Partners, LP
22 Mar 22
4
Aaron G.L. Fletcher
21 Mar 22

Financial summary

Financial statements Chart LTRN financial data
Quarter (USD) Sep 22 Jun 22 Mar 22 Dec 21
Revenue
Cost of revenue
Operating income
Operating margin
Net income
Net profit margin
Cash on hand
Change in cash
Diluted EPS
Annual (USD) Dec 21 Dec 20
Revenue
Cost of revenue
Operating income
Operating margin
Net income
Net profit margin
Cash on hand
Change in cash
Diluted EPS
Cash burn rate (est.) Burn method: Change in cash Burn method: Operating income Burn method: FCF (opex + capex)
Last Q Avg 4Q Last Q Avg 4Q Last Q Avg 4Q
Cash on hand (at last report) 39.80 mm 39.80 mm 39.80 mm 39.80 mm 39.80 mm 39.80 mm
Cash burn (monthly) 1.37 mm 1.32 mm 715.09 k 1.18 mm 1.35 mm 1.01 mm
Cash used (since last report) 5.94 mm 5.74 mm 3.10 mm 5.11 mm 5.84 mm 4.39 mm
Cash remaining 33.86 mm 34.06 mm 36.69 mm 34.69 mm 33.95 mm 35.41 mm
Runway (months of cash) 24.7 25.8 51.3 29.5 25.2 35.0

Beta Read what these cash burn values mean

Financial data from company earnings reports.

Institutional ownership, Q3 2022

LTRN institutional ownership history Ownership history
36.0% owned by funds/institutions
13F holders Current Prev Q Change
Total holders 27 28 -3.6%
Opened positions 3 2 +50.0%
Closed positions 4 1 +300.0%
Increased positions 5 10 -50.0%
Reduced positions 13 10 +30.0%
13F shares Current Prev Q Change
Total value 30.62 mm 31.98 mm -4.2%
Total shares 3.91 mm 3.92 mm -0.2%
Total puts 48.00 k 0.00 NEW
Total calls 11.30 k 0.00 NEW
Total put/call ratio 4.2 – –
Largest owners Shares Value Change
Bios Equity Partners 1.97 mm $13.80 mm 0.0%
Green Park & Golf Ventures 525.26 k $10.11 mm 0.0%
Vanguard 367.32 k $1.76 mm 0.0%
Sanders Morris Harris 365.93 k $1.72 mm -0.0%
GWM Advisors 171.02 k $817.00 k +0.6%
Carlson Capital L P 168.00 k $803.00 k -1.2%
Geode Capital Management 57.91 k $276.00 k +0.6%
CM Management 50.00 k $239.00 k +10.9%
Redmond Asset Management 49.50 k $237.00 k -0.3%
Wolff Wiese Magana 30.46 k $146.00 k -3.5%
Largest transactions Shares Bought/sold Change
STT State Street 0.00 -27.75 k EXIT
Susquehanna International 14.56 k +14.56 k NEW
Citadel Advisors 12.75 k +12.75 k NEW
CM Management 50.00 k +4.90 k +10.9%
Tower Research Capital 3.82 k +2.69 k +238.7%
Advisor 864.00 -2.50 k -74.3%
Urban Wealth Management 0.00 -2.47 k EXIT
BLK Blackrock 20.52 k -2.24 k -9.8%
Spire Wealth Management 0.00 -2.03 k EXIT
Carlson Capital L P 168.00 k -2.00 k -1.2%
Data from 13F filings, for the last complete 13F reporting period. For most recent data, click the ownership history button. Values as filed, not updated for current price. Long positions only.

Recent insider trades

LTRN insider ownership history Insider history
Date Owner Security Transaction Code Indirect 10b5-1 $Price #Shares $Value #Remaining
8 Nov 22 Fletcher Aaron G.L. Common Stock Sell Dispose S Yes No 4.4 40,586 178.58 k 164,137
8 Nov 22 Fletcher Aaron G.L. Common Stock Sell Dispose S Yes No 4.4 132,575 583.33 k 536,163
8 Nov 22 Fletcher Aaron G.L. Common Stock Sell Dispose S Yes No 4.4 17,748 78.09 k 71,774
8 Nov 22 Fletcher Aaron G.L. Common Stock Sell Dispose S Yes No 4.4 100,380 441.67 k 463,658
8 Nov 22 Fletcher Aaron G.L. Common Stock Sell Dispose S Yes No 4.4 58,711 258.33 k 271,193
8 Nov 22 Leslie W. Kreis Common Stock Sell Dispose S Yes No 4.4 40,586 178.58 k 164,137
8 Nov 22 Leslie W. Kreis Common Stock Sell Dispose S Yes No 4.4 132,575 583.33 k 536,163
8 Nov 22 Leslie W. Kreis Common Stock Sell Dispose S Yes No 4.4 17,748 78.09 k 71,774
8 Nov 22 Leslie W. Kreis Common Stock Sell Dispose S Yes No 4.4 100,380 441.67 k 463,658
8 Nov 22 Leslie W. Kreis Common Stock Sell Dispose S Yes No 4.4 58,711 258.33 k 271,193
Data from 3, 4 and 5 filings. Values as filed, not updated for current price.

News

From Benzinga Pro
Lantern Pharma Receives Pre-IND Feedback From The FDA, Clearing A Path For Drug Candidate LP-184's Phase 1 Clinical Trial In Q2 2023
17 Jan 23
Lantern Pharma Inc. (NASDAQ:LTRN), a clinical stage biopharmaceutical company using its proprietary RADR® artificial intelligence ("A.I.") and machine learning (“M.L.”) platform to transform the
Lantern Pharma Announces Development Of Drug Candidate LP-184 For Triple Negative Breast Cancer At The San Antonio Breast Cancer Symposium
13 Dec 22
New preclinical results presented at SABCS demonstrate LP-184 has superior anti-tumor efficacy for TNBC, as compared to current TNBC standard of care agents. LP-184 has therapeutic potential not only for primary
Lantern Pharma Announces Data Highlighting The Anti-Tumor Potency Of Drug Candidate LP-184 For Glioblastoma At The Society For Neuro-oncology Annual Meeting
22 Nov 22
Lantern Pharma Inc. (NASDAQ:LTRN), a clinical stage biopharmaceutical company using its proprietary RADR® artificial intelligence ("A.I.") and machine learning (“M.L.”) platform to transform the

Press releases

From Benzinga Pro
Lantern Pharma Receives Pre-IND Feedback from the FDA, Clearing a Path for Drug Candidate LP-184's Phase 1 Clinical Trial in Q2 2023
17 Jan 23
Lantern Pharma Inc. (NASDAQ:LTRN), a clinical stage biopharmaceutical company using its proprietary RADR® artificial intelligence ("A.I.") and machine learning ("M.L.") platform to transform the cost, pace,
FDA Grants Lantern Pharma Orphan Drug Designation for Drug Candidate LP-284 in Mantle Cell Lymphoma
5 Jan 23
The Orphan Drug Designation strengthens LP-284's clinical development path and provides the opportunity for additional market exclusivity and commercial protection. Lantern is anticipating filing the IND with the FDA
Lantern Pharma Announces Positive New Data for its Drug Candidate LP-284 for Mantle Cell Lymphoma (MCL) at the American Society of Hematology (ASH) 2022 Annual Meeting
15 Dec 22
New data from in vitro, in vivo, and IND enabling studies supports LP-284's development for MCL, an aggressive form of B-cell non-Hodgkin's lymphoma (NHL) with immediate patient needs. Lantern is anticipating
Lantern Pharma to Participate at the RHK Capital Disruptive Growth Conference on December 5 at 12:00 p.m. ET
2 Dec 22
Lantern Pharma Announces Positive Data Highlighting the Anti-Tumor Potency of Drug Candidate LP-184 for Glioblastoma at the Society for Neuro-Oncology Annual Meeting
22 Nov 22
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