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MABVAX THERAPEUTICS HOLDINGS, INC.

No Longer Reporting

The company has not filed an annual or quarterly report since its Q3 FY2018 10-Q, filed Nov 13, 2018. Its latest SEC filing is a RW from Sep 19, 2019.

The sections below describe the company as of the FY2017 annual report.

What Did They Do?

Develops human antibody-based treatments and imaging products for cancer, including pancreatic and other cancers.

How Did They Make Money?

Receives grant funding for covered internal and subcontractor costs as those costs are incurred, once the grant is approved for payment.

FY2015 revenue

Who Were Their Customers?

Plans to license product candidates to larger biopharmaceutical companies or work with them through strategic alliances, rather than sell through its own sales force.

Did Revenues Turn Into Profits?

No. It lost $18.1M in FY2015.

Operating income, FY2015
−1430% of revenue
▲ +116% (Loss) vs FY2014 (−$8.4M, −2671%)
Net income, FY2015
−1429% of revenue
▲ +129% (Loss) vs FY2014 (−$7.9M, −2520%)
Free cash flow, FY2015
−837% of revenue

How Were They Changing?

Since the FY2017 annual report
Latest quarter: Q3 FY2018, the three months to Sep 30, 2018
Revenue
vs $0 in Q3 FY2017
Net income
▲ Now profitable
vs −$3.1M in Q3 FY2017
  • Mar 25, 2019 Filed for Chapter 11 bankruptcy protection The company continued operating as debtor in possession and planned a court-supervised sale of substantially all assets.
  • Jan 4, 2019 Signed a nonbinding letter of intent to explore a merger with Oncotelic The proposed combination depended on board approval, financing objectives and other conditions.
  • Jul 9, 2018 Sold rights to an antibody program to Boehringer Ingelheim Boehringer Ingelheim acquired all rights to a program targeting a glycan found on multiple solid-tumor cancers.
  • Jul 5, 2018 Nasdaq determined to delist the company's securities Trading was set to be suspended after the company chose not to submit a compliance plan.

Grew. Revenue grew 4.0x in 1 year, from $314.2K in FY2014 to $1.3M in FY2015, about 303% a year.

Who Did They Compete With?

Competes with AbCellera Biologics, Agenus, Atreca, Immunomedics, Theraclone Sciences, and Trellis Bioscience

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