MRKRMARKER THERAPEUTICS, INC.
Is Marker Therapeutics struggling financially?
Yes, by its own account. Marker Therapeutics told the SEC on 15 May 2026, in Form 10-Q, that there is substantial doubt about its ability to continue as a going concern.
Going concern disclosed May 2026
20/100
Fragile
- Sector
- Biotech/Pharma
- Market cap
- $23.2M
- Source filing
- 10-Q 15 May 2026
- Balance sheet
- 30 Jun 2026
Cash runway
-
6months
If the burn speeds up
Empty by Dec 2026
-
9months
If it eases off
Empty by Mar 2027
Both rows are the same reported burn flexed 15% either way, and neither assumes the company raises a cent.
Out of cashTwo years or more
The runway math
Cash and short-term investments
$11.3M
÷
Cash burned over the last 12 months
$18.5M
What Marker Therapeutics told the SEC
…into the first quarter of 2027 assuming no additional grant funds are received, either from new grants or from existing awarded grants. These factors raise substantial doubt regarding the Company’s ability to continue as a going concern. Management is considering raising additional capital through the issuance of securities and intends to apply for additional grant funds, which could enable the Company to fund its…
MARKER THERAPEUTICS, INC., Form 10-Q, filed 15 May 2026.
Read the filing on SEC.govWhat this means
- Not a bankruptcy filing, and not a prediction.
- It is the company’s own statement, agreed with its auditor, that the doubt is material enough to disclose.
- The runway is arithmetic on two reported numbers, not a forecast. Companies carry this language for years, raise money and keep going.
What else the numbers show
- 54.0% share-count increase The company issued stock. Each share now owns 35.1% less of the business than a year ago, before any change in the price.
Other Biotech/Pharma companies that filed the doubt
- GNPX Genprex $3.2M
- BEAT Heartbeam $27.8M
- AZTR Azitra $8.0M
- INTS Intensity Therapeutics $15.9M
- ELTX Elicio Therapeutics $79.9M
- VRCA Verrica Pharmaceuticals $82.8M