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Genprex, Inc.

CIK: 15952482 Annual ReportsLatest: 2025-04-01

10-K / April 1, 2025

Revenue:N/A
Income:-$21,111,163

10-K / April 1, 2024

Revenue:N/A
Income:-$30,860,461

10-K / April 1, 2025

Company Overview Summary

Company Name

  • Genprex, Inc.

Core Business

  • A clinical-stage gene therapy company focusing on developing gene-based treatments for large patient populations with unmet medical needs, primarily in cancer and diabetes.

Key Platforms & Technologies

  • Oncology Platform
    • Utilizes the systemic, non-viral ONCOPREX® Delivery System, which uses lipid-based nanoparticles (lipoplexes) to deliver tumor suppressor gene plasmids to cancer cells.
    • Designed to be administered intravenously, targeting tumor cells specifically, and minimize impact on healthy tissue.
  • Diabetes Technology
    • Based on licensing technology that uses adeno-associated virus (AAV) vectors to deliver Pdx1 and MafA genes directly into the pancreas via the pancreatic duct.
    • Aims to transform alpha cells into insulin-producing beta-like cells and rejuvenate exhausted beta cells in Type 2 diabetes.
    • Currently in preclinical development, evaluating constructs like GPX-002.

Lead Product Candidates & Development Status

  • REQORSA® (Quaratusugene Ozeplasmid)
    • A systemic gene therapy delivering the TUSC2 tumor suppressor gene via the ONCOPREX system.
    • Developed to treat non-small cell lung cancer (NSCLC) and small cell lung cancer (SCLC).
    • Being evaluated in clinical trials in combination with targeted therapies (Tagrisso, Tecentriq, etc.).
    • FDA Designations: Fast Track for NSCLC and SCLC indications, Orphan Drug for SCLC.
  • GPX-002
    • A gene therapy using AAV vectors to treat Type 1 and Type 2 diabetes by converting alpha cells into insulin-producing cells or restoring exhausted beta cells.
    • In preclinical studies, showing promising glucose normalization and survival data in animal models.

Clinical Programs & Trials

  • Oncology
    • Several ongoing clinical trials, including:
      • Acclaim-1: Phase 2a in NSCLC with mutations, combining REQORSA with Tagrisso.
      • Acclaim-3: Phase 2 in SCLC using REQORSA with Tecentriq.
      • Other trials in NSCLC with resistance to other therapies and in combination with immunotherapies.
    • Previously completed early-phase trials showing preliminary safety and efficacy signals.
  • Diabetes
    • Preclinical studies in mice and non-human primates demonstrating reduction in insulin requirements and improved glucose regulation.
    • Working on optimizing constructs and planning for future IND submissions.

Employees and Revenue

  • Employees: 15 full-time employees (as of March 15, 2025).
  • Revenue:
    • The company has never been profitable.
    • No products approved for sale.
    • No revenue reported from product sales.
    • Has raised funds via stock offerings (e.g., ATM offerings), with the latest net proceeds in the millions USD.

Financials

  • Market Capitalization: Approximately $4.8 million as of June 28, 2024.
  • Outstanding Shares: 24,152,848 shares as of March 28, 2025.
  • The company is considered a smaller reporting company and a larger reporting company (not emerging growth).

Business Focus

  • Developing gene therapies for cancer and diabetes, with a strategic plan to potentially separate its diabetes assets into a wholly owned subsidiary, Convergen Biotech, in 2025 to streamline focus on oncology.
  • Collaboration and licensing agreements with MD Anderson and University of Pittsburgh for intellectual property rights.
  • Manufacturing is conducted through third-party CDMOs, with internal competencies developed for scalable production.

Note: The company has not disclosed specific customer numbers, detailed revenue figures, or profit/loss figures beyond indicating that it is not yet profitable.