MRKR stock touches 52-week low at $1.48 amid market challenges

Marker Therapeutics, Inc. (NASDAQ:MRKR) stock has reached a 52-week low, trading at $1.48, as the company faces a challenging market environment. With a market capitalization of $16.2 million, the stock appears undervalued according to InvestingPro Fair Value analysis. Over the past year, the biopharmaceutical company, formerly known as TapImmune , has seen its stock price decline significantly, with a 1-year change showing a decrease of 60.15%. Despite the challenging environment, the company maintains strong liquidity with a current ratio of 3.15, and analysts have set price targets ranging from $4 to $19. This downturn reflects broader market trends and investor sentiment, as the company continues to navigate through the complexities of drug development and commercialization in the competitive biotech sector. The 52-week low serves as a critical indicator for investors monitoring the company’s performance and market position. InvestingPro subscribers can access 8 additional key insights about MRKR’s financial health and growth prospects.

In other recent news, Marker Therapeutics has shared positive results from its Phase 1 APOLLO study of MT-601 in patients with relapsed lymphoma, reporting a 78% objective response rate and a 44.4% complete response rate at the first assessment. The therapy has shown a favorable safety profile, with no cases of severe neurotoxicity and only one instance of mild cytokine release syndrome. Additionally, the company received a $9.5 million grant from the Cancer Prevention & Research Institute of Texas to fund a clinical study of MT-601 in metastatic pancreatic cancer patients, further supported by a $2 million NIH award. Brookline Capital Markets has initiated coverage on Marker Therapeutics with a Buy rating and a 12-to-18-month price target of $4.00, citing optimism about the potential launch of MT-601 for Diffuse Large B-Cell Lymphoma by 2027. The firm projects that Marker Therapeutics could achieve profitability starting in 2028 following the successful introduction of MT-601. Furthermore, Marker Therapeutics announced the resignation of Mr. John Wilson from its Board of Directors, effective January 24, 2025, without naming a successor. The company also granted stock options to its CEO, Dr. Juan Vera, and several non-employee directors as part of its 2020 Omnibus Stock Ownership Plan. These recent developments highlight Marker Therapeutics’ ongoing efforts in advancing its immunotherapy pipeline and aligning leadership interests with shareholder goals.

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