Indaptus Therapeutics Founder and Chief Scientific Officer Dr. Michael Newman Named Chair and Expert Speaker at 6th Annual Cytokine-Based Drug Development Summit
Written by Emily J. Thompson, Senior Investment Analyst
Updated: May 08 2025
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Should l Buy INDP?
Source: Newsfilter
Indaptus Therapeutics Announcement: Indaptus Therapeutics, a biotechnology company focused on cancer and viral infection treatments, announced that its Founder and Chief Scientific Officer, Dr. Michael Newman, will be a speaker at the 6th Annual Cytokine-Based Drug Development Summit in Boston on May 15-16, 2025.
Innovative Research and Development: Dr. Newman will present on "Pulsed Cytokine Delivery for Anti-Tumor Immunotherapy" and lead discussions on cytokine drug development, highlighting Indaptus' novel Decoy platform which aims to enhance immunotherapy outcomes while minimizing toxicity.
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About INDP
Indaptus Therapeutics, Inc. is a clinical-stage biotechnology company, which specializes in cancer and viral infection treatments. The Company’s approach is based on the hypothesis that activation of both innate and adaptive immune cells and pathways and associated anti-tumor and anti-viral immune responses will require a multi-targeted package of immune system-activating signals that can be administered safely intravenously (i.v.). Its technology is composed of single strains of attenuated and killed, non-pathogenic, Gram-negative bacteria producing a multiple Toll-like receptor (TLR), Nucleotide oligomerization domain (NOD)-like receptor (NLR) and Stimulator of interferon genes (STING) agonist Decoy platform. The Company's lead clinical candidate is Decoy20. Its Decoy product candidates have also produced significant single agent activity against chronic hepatitis B virus (HBV) and chronic human immunodeficiency virus (HIV) infections in pre-clinical models.
About the author
Emily J. Thompson
Emily J. Thompson, a Chartered Financial Analyst (CFA) with 12 years in investment research, graduated with honors from the Wharton School. Specializing in industrial and technology stocks, she provides in-depth analysis for Intellectia’s earnings and market brief reports.
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- Board Restructuring: Following the closing of the transaction, the Board was reconstituted with Avraham Ben-Tzvi joining, replacing the resigning Hila Kara and Dr. Robert Martell, reflecting the company's governance adjustments to align with new strategic directions.
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- Shareholder Approval Requirement: The completion of this transaction is contingent upon shareholder approval at the upcoming meeting in Q1 2026, and if approved, Lazar will have the right to nominate up to three new directors, potentially optimizing the board structure further.
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See More
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- Leadership Change: David E. Lazar has been appointed Co-CEO and Chairman of the Board, while Jeffrey Meckler will continue as Co-CEO, leading the team to evaluate the company's lead product candidates and explore strategic opportunities aimed at driving shareholder value.
- Board Restructuring: Following the closing of the transaction, the Board was reconstituted with Avraham Ben-Tzvi joining, replacing the resigning Hila Kara and Dr. Robert Martell, reflecting the company's governance adjustments to align with new strategic directions.
- Shareholder Approval: The conversion of shares is contingent upon obtaining shareholder approval at the upcoming meeting expected in Q1 2026, a process that will provide crucial support for the company's future capital structure and shareholder equity.
See More
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- Management Changes: Lazar's appointment as Co-CEO and Chairman of the Board reflects the company's confidence in his leadership capabilities, which is expected to drive innovation in cancer and viral infection treatments.
- Shareholder Approval Requirement: The completion of this transaction is contingent upon shareholder approval at the upcoming meeting in Q1 2026, and if approved, Lazar will have the right to nominate up to three new directors, potentially optimizing the board structure further.
- Strategic Opportunity Exploration: Lazar indicated he will actively evaluate the company's lead product candidates while exploring strategic opportunities to enhance shareholder value, demonstrating the company's proactive stance towards transformation and growth.
See More
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- Surge in Stock Price: Following the positive earnings report, the company's shares jumped 59.6% to $0.40 in pre-market trading, reflecting investor confidence in the company's future growth potential.
- Positive Market Reaction: The release of the financial results has significantly increased market attention on Multi Ways Holdings, which is expected to attract more investors to its future developments and strategic plans.
- Strategic Growth Outlook: The robust financial performance not only solidifies the company's position in the industry but also provides ample funding for future expansion and investments, potentially driving further increases in market share.
See More
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- Investor Commitment: Investor David E. Lazar purchased 300,000 shares of Series AA Preferred Stock and 700,000 shares of Series AAA Preferred Stock at $6.00 per share on Monday, generating $6 million in gross proceeds, which will support the company's future initiatives.
- Board Restructuring: Lazar has been appointed as Co-CEO, enhancing leadership stability, while holding derivative securities convertible into 66 million common shares, indicating strong confidence in the company's future prospects.
- Shareholder Vote Scheduled: A special meeting is set for March 31, 2026, to approve the preferred stock conversion and elect new board members, aiming to enhance shareholder engagement and governance structure.
- Market Performance: Despite a market capitalization of $3.47 million and a 92.04% decline in stock price over the past year, Indaptus saw a 64.65% increase in after-hours trading, reflecting positive market sentiment towards the recent financing and management changes.
See More
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- Financing Agreement: The company entered into a securities purchase agreement with investor David E. Lazar on December 22, 2025, selling 1 million shares of convertible preferred stock for $6 million, which is expected to provide financial support pending shareholder approval.
- Positive Market Reaction: Trinity Biotech's stock surged 43.50% to $1.28 after announcing a significant HIV testing order, reflecting market optimism regarding its financial stability and demand recovery.
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See More
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Impact on Shares: Following the split, approximately 16 million outstanding shares will be reduced to about 572 thousand, with adjustments made to options and warrants; fractional shares will be compensated in cash.
See More
