GT Biopharma Issues Open Letter to Shareholders Detailing Recent Activities - Seite 2

In addition, I am delighted to report that in mid-December of this year, Dr. Jeff Miller, renowned NK Cell Cancer Specialist, was appointed Consulting Chief Medical Officer to the Company.

In conclusion, we have placed great emphasis in this past year to bring about the next stages of value creation on behalf of GT Biopharma’s shareholders. We have also taken capital allocation into consideration relative to the current market. While GTB-3650 and GTB-5550 both share the advantages of being a second generation TriKE, it is important to note that the significance of the commercial size for GTB-5550 for solid tumors is appreciably larger than the size of the hematologic cancer market at present.

We are thankful that you have entrusted the senior executive leadership team with this charge, a matter that we do not take lightly. Furthermore, we believe that will be able to carry this momentum with us and look forward to sharing the next steps of our strategic operating plan with investors in the forthcoming year. We also want to thank our employees for whom GT Biopharma’s innovations would not be possible without their hard-won efforts.

Wishing you and your family a wonderful New Year.

Best regards,

Michael Breen
Executive Chairman and Interim Chief Executive Officer

About GT Biopharma, Inc.
GT Biopharma, Inc. is a clinical stage biopharmaceutical company focused on the development and commercialization of immuno-oncology therapeutic products based on our proprietary TriKE NK cell engager platform. Our TriKE platform is designed to harness and enhance the cancer killing abilities of a patient’s immune system’s natural killer cells. GT Biopharma has an exclusive worldwide license agreement with the University of Minnesota to further develop and commercialize therapies using TriKE technology. For more information, please visit gtbiopharma.com.

Forward-Looking Statements
Certain statements in this press release may constitute "forward-looking statements" regarding future events and our future results. All statements other than statements of historical facts are statements that could be deemed to be forward-looking statements. These statements are based on current expectations, estimates, forecasts, and projections about the markets in which we operate and the beliefs and assumptions of our management. Words such as "expects," "anticipates," "targets," "goals," "projects", "intends," "plans," "believes," "seeks," "estimates," "endeavors," "strives," "may," or variations of such words, and similar expressions are intended to identify such forward-looking statements. Readers are cautioned that these forward-looking statements are subject to a number of risks, uncertainties and assumptions that are difficult to predict, estimate or verify. Therefore, actual results may differ materially and adversely from those expressed in any forward-looking statements. Such risks and uncertainties include those factors described in our most recent annual report on Form 10-K, as such may be amended or supplemented by subsequent quarterly reports on Form 10-Q, or other reports filed with the Securities and Exchange Commission. Readers are cautioned not to place undue reliance on these forward-looking statements. The forward-looking statements are made only as of the date hereof, and we undertake no obligation to publicly release the result of any revisions to these forward-looking statements. For more information, please refer to our filings with the Securities and Exchange Commission.