Matinas Biopharma

Matinas Biopharma

MTNB
Is this your company? Claim your profile to update info and connect with investors.
Claim profile

MTNB · Stock Price

USD 0.64+0.00 (+0.78%)
Market Cap: $3.8M

Historical price data

Overview

Matinas BioPharma's mission is to overcome critical drug delivery challenges through its Lipid Nano-Crystal (LNC) platform, which facilitates oral, intracellular delivery of complex therapeutics. Its primary achievement is the advancement of MAT2203, an oral formulation of the potent but toxic antifungal amphotericin B, into Phase 2/3 clinical development with multiple FDA designations. The company's strategy involves advancing its internal pipeline in infectious disease and inflammation while seeking partnerships to leverage its LNC platform across broader therapeutic areas, including oncology and oligonucleotide delivery.

Infectious DiseaseInflammationOncology

Technology Platform

The Lipid Nano-Crystal (LNC) platform uses natural, non-toxic cochleates to enable the safe, targeted, oral, and intracellular delivery of challenging therapeutics, including toxic small molecules and small oligonucleotides like siRNA and ASOs.

Pipeline

10
10 drugs in pipeline2 in Phase 3
DrugIndicationStageWatch
Placebo + MAT9001 (omega-3 pentaenoic acid)Severe HypertriglyceridemiaPhase 3
MAT2203 + Amphotericin BCryptococcal MeningitisPhase 3
Oral Encochleated Amphotericin B (CAMB)Acute Myeloid LeukemiaPhase 2
Amphotericin BCandidiasis, Chronic MucocutaneousPhase 2
Omega 3 pentaenoic acid + icosapent ethylHypertriglyceridemiaPhase 2

Funding History

3
Total raised:$55M
PIPE$30M
IPO$20M
Series A$5M

Opportunities

The primary opportunity is the potential approval and commercialization of MAT2203, an oral amphotericin B, which could address a significant unmet need in outpatient fungal treatment.
The broader, transformative opportunity lies in leveraging the LNC platform to enable oral delivery of oligonucleotide therapeutics, a massive and growing market currently constrained by invasive administration routes.

Risk Factors

Key risks include clinical failure of the lead asset MAT2203, severe financial constraints and dilution risk given its pre-revenue status and low market cap, and intense competition in both the antifungal market and the drug delivery platform space.
The company's recent NYSE noncompliance notice underscores its financial and market valuation challenges.

Competitive Landscape

MAT2203 competes with IV amphotericin B formulations and newer antifungals, differentiating on oral administration and potential safety. The LNC platform competes with other advanced delivery technologies (e.g., LNPs); its key differentiators are oral bioavailability for intracellular delivery and a natural lipid composition.