<SEC-DOCUMENT>0001654954-18-004445.txt : 20180427
<SEC-HEADER>0001654954-18-004445.hdr.sgml : 20180427
<ACCEPTANCE-DATETIME>20180427160102
ACCESSION NUMBER:		0001654954-18-004445
CONFORMED SUBMISSION TYPE:	8-K
PUBLIC DOCUMENT COUNT:		3
CONFORMED PERIOD OF REPORT:	20180423
ITEM INFORMATION:		Departure of Directors or Certain Officers; Election of Directors; Appointment of Certain Officers: Compensatory Arrangements of Certain Officers
ITEM INFORMATION:		Financial Statements and Exhibits
FILED AS OF DATE:		20180427
DATE AS OF CHANGE:		20180427

FILER:

	COMPANY DATA:	
		COMPANY CONFORMED NAME:			GT Biopharma, Inc.
		CENTRAL INDEX KEY:			0000109657
		STANDARD INDUSTRIAL CLASSIFICATION:	PHARMACEUTICAL PREPARATIONS [2834]
		IRS NUMBER:				941620407
		STATE OF INCORPORATION:			FL
		FISCAL YEAR END:			1231

	FILING VALUES:
		FORM TYPE:		8-K
		SEC ACT:		1934 Act
		SEC FILE NUMBER:	000-08092
		FILM NUMBER:		18783727

	BUSINESS ADDRESS:	
		STREET 1:		1825 K STREET
		STREET 2:		SUITE 510
		CITY:			WASHINGTON, D.C.
		STATE:			DC
		ZIP:			33602
		BUSINESS PHONE:		(800) 304-9888

	MAIL ADDRESS:	
		STREET 1:		1825 K STREET
		STREET 2:		SUITE 510
		CITY:			WASHINGTON, D.C.
		STATE:			DC
		ZIP:			33602

	FORMER COMPANY:	
		FORMER CONFORMED NAME:	OXIS INTERNATIONAL INC
		DATE OF NAME CHANGE:	19940916

	FORMER COMPANY:	
		FORMER CONFORMED NAME:	DDI PHARMACEUTICALS INC
		DATE OF NAME CHANGE:	19920703

	FORMER COMPANY:	
		FORMER CONFORMED NAME:	DIAGNOSTIC DATA INC /DE/
		DATE OF NAME CHANGE:	19850312
</SEC-HEADER>
<DOCUMENT>
<TYPE>8-K
<SEQUENCE>1
<FILENAME>gtbp_8k.htm
<DESCRIPTION>CURRENT REPORT
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UNITED STATES</font></div>
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SECURITIES AND EXCHANGE COMMISSION</font></div>
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Washington, D. C. 20549</font></div>
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FORM 8-K</font></div>
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CURRENT REPORT</font></div>
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Pursuant to Section 13 Or 15(d) of the</font></div>
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Securities Exchange Act of 1934</font></div>
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<font style="font-family: Times New Roman; font-size: 13px">Date of
Report (Date of earliest event reported): April 23,
2018</font></div>
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<font style="text-decoration: underline; font-weight: bold; font-family: Times New Roman; font-size: 13px">
GT Biopharma, Inc.</font></div>
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<font style="font-family: Times New Roman; font-size: 13px">(Exact
name of Registrant as specified in its charter)</font></div>
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Delaware</font></div>
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000-08092</font></div>
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94-1620407</font></div>
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1825 K Street</font></div>
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Suite 510</font></div>
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<font style="font-weight: bold; font-family: Times New Roman; font-size: 13px">
Washington, D.C. 20006</font></div>
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Phone: (800) 304-9888</font></div>
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<font style="font-family: Times New Roman; font-size: 13px">(Address,
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of</font></div>
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<font style="font-family: Times New Roman; font-size: 13px">registrant&#x2019;s
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N/A</font></div>
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<font style="font-family: Times New Roman; font-size: 13px">(Former
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report)</font></div>
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under any of the following provisions (see General Instruction A.2.
below):</font></div>
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communications pursuant to Rule 425 under the Securities Act (17
CFR 230.425)</font></div>
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<div style="text-align: left; display: table-cell"><font style="font-family: Times New Roman; font-size: 13px">Soliciting material
pursuant to Rule l 4a- l 2 under the Exchange Act ( 17 CFR 240. l
4a- l 2)</font></div>
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(17 CFR 240. l 4d-2(b))</font></div>
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communications pursuant to Rule 13e-4(c) under the Exchange Act (17
CFR 240. l 3e-4(c))</font></div>
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<font style="font-family: Times New Roman; font-size: 13px">Indicate
by check <font style="color: #000000">mark whether the registrant
is an</font> emerging growth company as defined in in Rule 405 of
the Securities Act of 1933 (&#xA7;230.405 of this chapter) or Rule
12b-2 of the Securities Exchange Act of 1934 (&#xA7;240.12b-2 of
this chapter).</font></div>
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<font style="font-family: Times New Roman; font-size: 13px">Emerging
growth company&#xA0;<font style="font-family: Times New Roman">&#x2610;</font>&#xA0;&#xA0;</font></div>
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<font style="font-family: Times New Roman; font-size: 13px">If an
emerging growth company, indicate by checkmark if the registrant
has elected not to use the extended transition period for complying
with any new or revised financial accounting standards provided
pursuant to Section 13(a) of the Exchange Act.&#xA0;&#xA0;
<font style="font-family: Times New Roman">&#x2610;</font>&#xA0;&#xA0;</font></div>
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<font style="color: #000000; background-color: #FFFFFF; font-weight: bold; font-family: Times New Roman; font-size: 13px">
ITEM 5.02 Departure of Directors or Certain Officers; Election of
Directors; Appointment of Certain Officers; Compensatory
Arrangements of Certain Officers.</font></div>
<div><font style="font-family: Times New Roman; font-size: 10">&#xA0;</font></div>
<div style="text-align: justify; margin-left: 0px; margin-right: 0px; text-indent: 0px">
<font style="font-family: Times New Roman; font-size: 13px"><font style="color: #000000; background-color: #FFFFFF">
On April 23, 2018,</font> Dr. Peter Kiener <font style="color: #000000; background-color: #FFFFFF">was appointed to be a
director of GT Biopharma, Inc. (hereinafter the
&#x201C;Company&#x201D;) by the Board of Directors.&#xA0;&#xA0;Also,
as a director, Mr. Davis is expected to</font> chair the
Nominations Committee and be a member of the Compensation
Committee. Dr. Kiener will be paid an annual stipend of $42,500 for
director compensation, an additional $15,000 annually for chairing
the Nomination Committee and $5,000 annually as a member of the
Compensation Committee. <font style="color: #000000; background-color: #FFFFFF">He will also</font> be
granted 150,000 stock options that vest monthly over three years
beginning on February 1, 2018. Vesting will accelerate if the
Company undergoes a change of control transaction for
cash.</font></div>
<div><font style="font-family: Times New Roman; font-size: 10">&#xA0;</font></div>
<div style="text-align: justify; margin-left: 0px; margin-right: 0px; text-indent: 0px">
<font style="font-family: Times New Roman; font-size: 13px"><a name="_Hlk498545044"><!--anchor--></a>Dr. Peter Kiener has
substantial experience in both biologics and immunotherapy. He was
most recently the Chief Scientific Officer at Sucampo, which was
acquired by Mallinckrodt for approximately $1.2 billion, from
September 2014 to February 2018. From September 2013 to September
2014, he served as Chief Scientific Officer of Ambrx Inc., a
clinical-stage biopharmaceutical company focused on the development
of antibody-drug conjugates (ADCs) that was acquired by a
consortium led by Fosun Pharmaceutical Group in 2015. Prior to
Ambrx, Dr. Kiener was President and Co-founder of Zyngenia Inc., an
early-stage biopharmaceutical company. He also held leadership
roles at MedImmune LLC, the global biologics arm of AstraZeneca,
including Executive Vice President and Global Head of Biologics
Research and Development, Senior Vice President and Head of Global
Research, and Vice President of Research. He also worked on
biologics for Bristol-Myers Squibb prior to his work at MedImmune.
During Dr. Kiener's more than 20 years as pharmaceutical executive,
he has played a significant role in moving various programs through
all aspects of drug development, including discovery, regulatory
approval, and post marketing. He has also been substantially
involved in the execution of multiple deal types, including private
placements, initial public offerings, mergers and acquisitions,
strategic partnerships, and licensing deals. He has published more
than 120 papers in peer-reviewed journals and is an inventor on
more than 40 patents and patent applications.</font></div>
<div><font style="font-family: Times New Roman; font-size: 10">&#xA0;</font></div>
<div style="text-align: justify; margin-left: 0px; margin-right: 0px; text-indent: 0px">
<font style="font-family: Times New Roman; font-size: 13px">Since
May 2016, Dr. Kiener has served as the chairman of board of
directors of Cue Biopharma and as a member of the board of
directors of Tetragenetics. Previously, has served on the
scientific advisory boards of KAI Pharmaceuticals Inc., Genocea
Biosciences Inc., NKT Therapeutics Inc. and VLST Corporation and as
a member of the board of directors of Receptor BioLogix Inc.,
Synovex Corporation and Virdante Pharmaceuticals Inc.</font></div>
<div><font style="font-family: Times New Roman; font-size: 10">&#xA0;</font></div>
<div style="text-align: justify; margin-left: 0px; margin-right: 0px; text-indent: 0px">
<font style="font-family: Times New Roman; font-size: 13px">Dr.
Kiener received his B.A. (1<font style="font-size: 70%; vertical-align: top">st</font>&#xA0;Class Honors),
from&#xA0;Lancaster&#xA0;University in&#xA0;Lancaster, UK&#xA0;and
his Ph.D. from&#xA0;Oxford University, Sir&#xA0;William Dunn
School&#xA0;of Pathology.</font></div>
<div><font style="font-family: Times New Roman; font-size: 10">&#xA0;</font></div>
<div style="text-align: justify; margin-left: 0px; margin-right: 0px; text-indent: 0px">
<font style="font-family: Times New Roman; font-size: 13px"><font style="color: #000000; background-color: #FFFFFF">
On April 25, 2018,</font> Federica O&#x2019;Brien <font style="color: #000000; background-color: #FFFFFF">was appointed to be a
director of the Company by the Board of Directors.&#xA0;&#xA0;Also,
as a director,</font> Ms. O'Brien <font style="color: #000000; background-color: #FFFFFF">is expected to</font>
chair the Audit Committee and be a member of the Compensation
Committee. Ms. O'Brien will be paid an annual stipend of $42,500
for director compensation, an additional $15,000 annually for
chairing the Audit Committee and $5,000 annually as a member of the
Compensation Committee. <font style="color: #000000; background-color: #FFFFFF">She will also</font> be
granted 150,000 stock options that vest monthly over three years
beginning on February 1, 2018. Vesting will accelerate if the
Company undergoes a change of control transaction for
cash.</font></div>
<div><font style="font-family: Times New Roman; font-size: 10">&#xA0;</font></div>
<div style="text-align: justify; margin-left: 0px; margin-right: 0px; text-indent: 0px">
<font style="font-family: Times New Roman; font-size: 13px">Ms.
O'Brien is self-employed as a consultant at CFO&#x2019;Brien
Consulting, LLC since January 1, 2018. Ms. O&#x2019;Brien held the
Chief Financial Officer position at Complexa Inc. from May 2015 to
December 2017. <font style="color: #000000; background-color: #FFFFFF">Ms.&#xA0;O'Brien also
served as the Chief Financial Officer of Cerecor, Inc. from
April&#xA0;2013 to April 2015 and as the Chief Financial Officer
and Chief Operating Officer of Cervilenz&#xA0;Inc., a privately
held medical device company, from June&#xA0;2011 through
April&#xA0;2013. She was the Director of Life Sciences for
McGladrey LLP, an independent accounting firm, from
February&#xA0;2010 through May&#xA0;2011. From July&#xA0;2009
through February&#xA0;2010, Ms.&#xA0;O'Brien provided financial and
strategic consulting services. From April&#xA0;2005 through
July&#xA0;2009, Ms.&#xA0;O'Brien served as the Chief Financial
Officer of Cardiokine&#xA0;Inc., a privately held biotechnology
company. Prior to&#xA0;2005, Ms.&#xA0;O'Brien was Controller at
Barrier Therapeutics and Chief Financial Officer at Infonautics,
Inc.</font> Before specializing in life sciences and technology
companies, Ms. O'Brien spent over 15 years in professional service
accounting firms, including PricewaterhouseCoopers, where she was
dedicated to high growth companies in multiple industries,
including the pharmaceutical industry. &#xA0;</font></div>
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<font style="color: #000000; background-color: #FFFFFF; font-family: Times New Roman; font-size: 13px">
Ms.&#xA0;O'Brien received her B.A. in Accounting from Rutgers
University and is a Certified Public Accountant in the state of New
Jersey.</font></div>
<div><font style="font-family: Times New Roman; font-size: 10">&#xA0;</font></div>
<div style="text-align: justify; margin-left: 0px; margin-right: 0px; text-indent: 0px">
<font style="color: #000000; font-family: Times New Roman; font-size: 13px">
A copy of the press releases announcing the appointment of Dr.
Kiener and Ms. O&#x2019;Brien are attached as Exhibits&#xA0;99.1 and
99.2 of this Current Report on Form&#xA0;8-K.</font></div>
<div><font style="font-family: Times New Roman; font-size: 10">&#xA0;</font></div>
<div style="text-align: justify; margin-left: 0px; margin-right: 0px; text-indent: 0px">
<font style="font-family: Times New Roman; font-size: 13px">&#xA0;</font></div>
<div style="text-align: justify; margin-left: 0px; margin-right: 0px; text-indent: 0px">
<font style="color: #000000; background-color: #FFFFFF; font-weight: bold; font-family: Times New Roman; font-size: 13px">
ITEM 9.01 Exhibits.</font></div>
<div><font style="font-family: Times New Roman; font-size: 10">&#xA0;</font></div>
<div style="display: table">
<div style="display: table-row">
<div style="display: table-cell; width: 48px"><font style="font-family: Times New Roman; font-size: 13px"><a href="gtbp_ex991.htm"><font style="background-color: rgb(255, 255, 255);">99.1</font></a>&#xA0;&#xA0;&#xA0;&#xA0;&#xA0;&#xA0;&#xA0;&#xA0;&#xA0;<br>
</font></div>
<div style="text-align: justify; display: table-cell"><font style="background-color: rgb(255, 255, 255); font-family: Times\ New\ Roman; font-size: 13px;">
Press Release, dated April 24, 2018</font></div>
</div>
</div>
<div style="display: table">
<div style="display: table-row">
<div style="display: table-cell; width: 48px"><font style="font-family: Times New Roman; font-size: 13px"><a href="gtbp_ex992.htm"><font style="background-color: rgb(255, 255, 255);">99.2</font></a>&#xA0;&#xA0;&#xA0;&#xA0;&#xA0;&#xA0;&#xA0;&#xA0;&#xA0;<br>
</font></div>
<div style="text-align: justify; display: table-cell"><font style="background-color: rgb(255, 255, 255); font-family: Times\ New\ Roman; font-size: 13px;">
Press Release, dated April 26, 2018</font></div>
</div>
</div>
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<font style="font-weight: bold; font-family: Times New Roman; font-size: 13px">
SIGNATURE PAGE</font></div>
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<font style="font-family: Times New Roman; font-size: 13px">Pursuant
to the requirement of the Securities and Exchange Act of 1934, the
Registrant has duly caused this report to be signed on its behalf
by the undersigned hereunto duly authorized.</font></div>
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<td colspan="3" style="vertical-align: top; width: 42%">
<div style="text-align: left; margin-left: 0px; margin-right: 0px; text-indent: 0px">
<font style="font-weight: bold; font-family: Times New Roman; font-size: 13px">
GT Biopharma, Inc.</font></div>
</td>
<td style="vertical-align: top; width: 6%">
<div><font style="font-family: Times New Roman; font-size: 13px">&#xA0;</font></div>
</td>
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</td>
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<div style="text-align: left; margin-left: 0px; margin-right: 0px; text-indent: 0px">
<font style="font-family: Times New Roman; font-size: 13px">Dated:
April 27, 2018</font></div>
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<font style="font-family: Times New Roman; font-size: 13px">By:</font></div>
</td>
<td style="vertical-align: top; width: 35%; border-bottom: 2px solid rgb(0, 0, 0);">
<div style="text-align: left; margin-left: 0px; margin-right: 0px; text-indent: 0px;">
<font style="font-family: Times New Roman; font-size: 13px">/s/
Steven Weldon</font></div>
</td>
<td style="vertical-align: top; width: 6%">
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<div><font style="font-family: Times New Roman; font-size: 13px">&#xA0;</font></div>
</td>
<td style="vertical-align: top; width: 35%">
<div style="text-align: left; margin-left: 0px; margin-right: 0px; text-indent: 0px;">
<font style="font-family: Times New Roman; font-size: 13px">Steven
Weldon</font></div>
</td>
<td style="vertical-align: top; width: 6%">
<div><font style="font-family: Times New Roman; font-size: 13px">&#xA0;</font></div>
</td>
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<div><font style="font-family: Times New Roman; font-size: 13px">&#xA0;</font></div>
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<div><font style="font-family: Times New Roman; font-size: 13px">&#xA0;</font></div>
</td>
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<div><font style="font-family: Times New Roman; font-size: 13px">&#xA0;</font></div>
</td>
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<div style="text-align: left; margin-left: 0px; margin-right: 0px; text-indent: 0px;">
<font style="font-family: Times New Roman; font-size: 13px">Chief
Financial Officer</font></div>
</td>
<td style="vertical-align: middle; width: 6%">
<div><font style="font-family: Times New Roman; font-size: 13px">&#xA0;</font></div>
</td>
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<DOCUMENT>
<TYPE>EX-99.1
<SEQUENCE>2
<FILENAME>gtbp_ex991.htm
<DESCRIPTION>PRESS RELEASE, DATED APRIL 24, 2018
<TEXT>
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<head>
<!-- Document created using Blueprint(R) - powered by Issuer Direct - www.issuerdirect.com -->
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<title>Blueprint</title>
</head>
<body style="font-family: Times\ New\ Roman; font-size: 13px;">
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&#xA0; <font style="font-family: Times New Roman; font-size: 13px"><font style="font-weight: bold">Exhibit 99.1</font><br></font></div>
</div>
</div>
<div><font style="font-family: Times New Roman; font-size: 10">&#xA0;</font></div>
<div style="text-align: justify; margin-left: 0px; margin-right: 0px; text-indent: 0px">
<font style="font-weight: bold; font-family: Times New Roman; font-size: 13px">
Former Sucampo Chief Scientific Officer, Dr. Peter Kiener, Joins GT
Biopharma's Board of Directors</font></div>
<div style="text-align: justify"><font style="font-family: Times New Roman; font-size: 10">&#xA0;</font></div>
<div style="text-align: justify; margin-left: 0px; margin-right: 0px; text-indent: 0px">
<font style="font-family: Times New Roman; font-size: 13px">LOS
ANGELES, April 24, 2018 /PRNewswire/ --</font></div>
<div style="text-align: justify"><font style="font-family: Times New Roman; font-size: 10">&#xA0;</font></div>
<div style="text-align: justify; margin-left: 0px; margin-right: 0px; text-indent: 0px">
<font style="font-family: Times New Roman; font-size: 13px">GT
Biopharma Inc. (OTCQB: GTBP and Euronext Paris "GTBP.PA") today
announced that Dr. Peter Kiener will join GT Biopharma's Board of
Directors, effective immediately.</font></div>
<div style="text-align: justify"><font style="font-family: Times New Roman; font-size: 10">&#xA0;</font></div>
<div style="text-align: justify; margin-left: 0px; margin-right: 0px; text-indent: 0px">
<font style="font-family: Times New Roman; font-size: 13px">Dr.
Peter Kiener has substantial experience in both biologics and
immunotherapy, and was most recently the Chief Scientific Officer
at Sucampo, which was acquired by Mallinckrodt in February 2018 for
approximately $1.2 billion. Prior to Sucampo, he served as Chief
Scientific Officer of Ambrx Inc., a clinical-stage
biopharmaceutical company focused on the development of
antibody-drug conjugates (ADCs) that was acquired by a consortium
led by Fosun Pharmaceutical Group in 2015. Prior to Ambrx, Dr.
Kiener was President and Co-founder of Zyngenia Inc., an
early-stage biopharmaceutical company. He also held leadership
roles at MedImmune LLC, the global biologics arm of AstraZeneca,
including Executive Vice President and Global Head of Biologics
Research and Development, Senior Vice President and Head of Global
Research, and Vice President of Research. He also worked on
biologics for Bristol-Myers Squibb prior to his work at MedImmune.
During Dr. Kiener's more than 20 years as pharmaceutical executive,
he has played a significant role in moving various programs through
all aspects of drug development, including discovery, regulatory
approval, and post marketing. He has also been substantially
involved in the execution of multiple deal types, including private
placements, IPO, M&amp;A, strategic partnerships, and licensing
deals. He has published more than 120 papers in peer-reviewed
journals and is an inventor on more than 40 patents and patent
applications.</font></div>
<div style="text-align: justify"><font style="font-family: Times New Roman; font-size: 10">&#xA0;</font></div>
<div style="text-align: justify; margin-left: 0px; margin-right: 0px; text-indent: 0px">
<font style="font-family: Times New Roman; font-size: 13px">Dr.
Kiener also currently serves as the chairman of board of directors
of Cue Biopharma and as a member of board of directors of
Tetragenetics. Previously, has served on the scientific advisory
boards of KAI Pharmaceuticals Inc., Genocea Biosciences Inc., NKT
Therapeutics Inc. and VLST Corporation and as a member of the Board
of Directors of Receptor BioLogix Inc., Synovex Corporation and
Virdante Pharmaceuticals Inc.</font></div>
<div style="text-align: justify"><font style="font-family: Times New Roman; font-size: 10">&#xA0;</font></div>
<div style="text-align: justify; margin-left: 0px; margin-right: 0px; text-indent: 0px">
<font style="font-family: Times New Roman; font-size: 13px">Peter
received his B.A. (1<font style="font-size: 70%; vertical-align: top">st</font> Class Honors), from
Lancaster University in Lancaster, UK and his Ph.D. from Oxford
University, Sir William Dunn School of Pathology.</font></div>
<div style="text-align: justify"><font style="font-family: Times New Roman; font-size: 10">&#xA0;</font></div>
<div style="text-align: justify; margin-left: 0px; margin-right: 0px; text-indent: 0px">
<font style="font-family: Times New Roman; font-size: 13px">"We
believe that Peter's extensive experience, across all aspects of
biologics drug development, will be an invaluable asset to GT
Biopharma. He has deep expertise with antibody drug-conjugates and
NK-based technologies which will be particularly helpful as we
enter clinical development with our proprietary TriKE and TetraKE
product candidates and continue the clinical development of our
bi-specific ADC," said Shawn Cross, Chairman and Chief Executive
Officer of GT Biopharma.</font></div>
<div style="text-align: justify"><font style="font-family: Times New Roman; font-size: 10">&#xA0;</font></div>
<div style="text-align: justify; margin-left: 0px; margin-right: 0px; text-indent: 0px">
<font style="font-family: Times New Roman; font-size: 13px">"I am
delighted to join GT Biopharma at this exciting time in the
company's development. I believe the company's pipeline and
platforms have the potential to have a significant impact on modern
cancer therapy," said Dr. Kiener.</font></div>
<div style="text-align: justify"><font style="font-family: Times New Roman; font-size: 10">&#xA0;</font></div>
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<div style="text-align: left; width: 100%; margin-left: 0px; margin-right: 0px; text-indent: 0px">
<font style="font-family: Times New Roman; font-size: 13px">&#xA0;</font></div>
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<font style="font-family: Times New Roman; font-size: 13px">&#xA0;</font></div>
</div>
</div>
<div style="text-align: justify; margin-left: 0px; margin-right: 0px; text-indent: 0px">
<font style="font-family: Times New Roman; font-size: 13px">&#xA0;</font></div>
<div style="text-align: justify; margin-left: 0px; margin-right: 0px; text-indent: 0px">
<font style="font-family: Times New Roman; font-size: 13px"><font style="font-weight: bold">
About GT Biopharma, Inc.</font>&#xA0;&#xA0;</font></div>
<div style="text-align: justify"><font style="font-family: Times New Roman; font-size: 10">&#xA0;</font></div>
<div style="text-align: justify; margin-left: 0px; margin-right: 0px; text-indent: 0px">
<font style="font-family: Times New Roman; font-size: 13px">GT
Biopharma, Inc. is an immuno-oncology biotechnology company focused
on innovative treatments based on the company's proprietary Tri and
Tetra-specific Natural Killer Cell Engagers (TriKEs&#x2122; and
TetraKEs) and bispecific antibody-drug conjugate (ADC) platforms.
GT's lead oncology drug candidate, OXS-1550 (DT2219) is a novel
bispecific scFv recombinant fusion protein-drug conjugate composed
of the variable regions of the heavy and light chains of anti-CD19
and anti-CD22 antibodies and a modified form of diphtheria toxin as
its cytotoxic drug payload. OXS-1550 has demonstrated success in
early human clinical trials in patients with relapsed/refractory
B-cell lymphoma or leukemia. In addition, GT's TriKE platform will
address a number of cancer types. GT's nervous system platform is
focused on acquiring or discovering and patenting late-stage,
de-risked, and close-to-market improved treatments for nervous
system diseases (Neurology and Pain) and shepherding them through
the approval process to the NDA. GT Biopharma's neurology products
currently include PainBrake, as well as treatments for the symptoms
of myasthenia gravis, and motion sickness.</font></div>
<div style="text-align: justify"><font style="font-family: Times New Roman; font-size: 10">&#xA0;</font></div>
<div style="text-align: justify; margin-left: 0px; margin-right: 0px; text-indent: 0px">
<font style="font-family: Times New Roman; font-size: 13px">Except
for historical information contained herein, the statements in this
release are forward-looking and made pursuant to the safe harbor
provisions of the Private Securities Litigation Reform Act of 1995.
Forward-looking statements are inherently unreliable and actual
results may differ materially. Examples of forward-looking
statements in this news release include statements regarding the
effectiveness of the Company's products, the potential outcome of
clinical studies, the future success of development activities and
the future growth and operating and financial performance of the
Company. Factors which could cause actual results to differ
materially from these forward-looking statements include such
factors as the Company's ability to accomplish its business
initiatives, obtain regulatory approval and protect its
intellectual property; significant fluctuations in marketing
expenses and ability to achieve or grow revenue, or recognize net
income, from the sale of its products and services, as well as the
introduction of competing products, or management's ability to
attract and maintain qualified personnel necessary for the
development and commercialization of its planned products, and
other information that may be detailed from time to time in the
Company's filings with the United States Securities and Exchange
Commission. The Company undertakes no obligation to publicly update
or revise any forward-looking statements, whether as a result of
new information, future events or otherwise.</font></div>
<div><font style="font-family: Times New Roman; font-size: 10">&#xA0;</font></div>
<div style="text-align: left; margin-left: 0px; margin-right: 0px; text-indent: 0px">
<font style="font-family: Times New Roman; font-size: 13px">Contact:</font></div>
<div><font style="font-family: Times New Roman; font-size: 10">&#xA0;</font></div>
<div style="text-align: left; margin-left: 0px; margin-right: 0px; text-indent: 0px">
<font style="font-family: Times New Roman; font-size: 13px">Westwicke
Partners</font></div>
<div style="text-align: left; margin-left: 0px; margin-right: 0px; text-indent: 0px">
<font style="font-family: Times New Roman; font-size: 13px">John
Woolford</font></div>
<div style="text-align: left; margin-left: 0px; margin-right: 0px; text-indent: 0px">
<font style="font-family: Times New Roman; font-size: 13px">+1(443)213-0506</font></div>
<div style="text-align: left; margin-left: 0px; margin-right: 0px; text-indent: 0px">
<font style="text-decoration: underline; color: #0000FF; font-size: 13px; font-family: Times New Roman">
john.woolford@westwicke.com</font></div>
<div><font style="font-family: Times New Roman; font-size: 10">&#xA0;</font></div>
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<font style="font-family: Times New Roman; font-size: 13px">&#xA0;</font></div>
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<DOCUMENT>
<TYPE>EX-99.2
<SEQUENCE>3
<FILENAME>gtbp_ex992.htm
<DESCRIPTION>PRESS RELEASE, DATED APRIL 26, 2018
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&#xA0; <font style="font-family: Times New Roman; font-size: 13px"><font style="font-weight: bold">Exhibit 99.2</font><br></font></div>
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Seasoned Financial Executive Federica O'Brien Joins GT Biopharma's
Board of Directors</font></div>
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<font style="font-family: Times New Roman; font-size: 13px">LOS
ANGELES, April 26, 2018 /PRNewswire/ --</font></div>
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<font style="font-family: Times New Roman; font-size: 13px">GT
Biopharma Inc. (OTCQB: GTBP and Euronext Paris "GTBP.PA"), an
immuno-oncology biotechnology company focused on innovative
treatments based on the company's proprietary platforms, today
announced the addition of Federica O'Brien, CPA to GT Biopharma's
board of directors effective immediately. Ms. O'Brien is expected
to chair the Company's audit committee.</font></div>
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<font style="font-family: Times New Roman; font-size: 13px">"We are
delighted to welcome Freddi to our board of directors and look
forward to the impact her invaluable experience as a CPA,
biopharmaceutical chief financial officer and auditor will have on
the company. &#xA0;Her skills will be a critical asset as we move
towards a NASDAQ uplisting and other company initiatives," said
Shawn M. Cross, Chairman and Chief Executive Officer of GT
Biopharma.</font></div>
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<font style="font-family: Times New Roman; font-size: 13px">At both
private and public life science companies, Ms. O'Brien has
demonstrated financial and operational leadership, and is
experienced in raising capital and building infrastructures needed
to support corporate growth and regulatory compliance. Further, Ms.
O'Brien began her career at professional service accounting
firms.</font></div>
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<font style="font-family: Times New Roman; font-size: 13px">"This
is a remarkable time for the development of new treatments for
cancer patients with limited treatment options, and GT Biopharma
has the potential to deliver long-term growth and make a
significant impact delivering on these unmet medical needs," said
Ms. O'Brien. "I'm delighted to work with this accomplished
team."</font></div>
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<font style="font-family: Times New Roman; font-size: 13px">Ms.
O'Brien has held the Chief Financial Officer position at Complexa
Inc., Cerecor Inc., and Cardiokine, Inc., and was Corporate
Controller at Barrier Therapeutics, Inc. &#xA0;In addition to her
position as CFO at Cervilenz, Inc., Ms. O'Brien held the position
of Chief Operating Officer; she led the extension of the patent
portfolio worldwide and was influential in obtaining CE marking and
ISO 13485 certification for a women's healthcare device.
&#xA0;Earlier in her career, Ms. O'Brien was CFO of Infonautics,
Inc., a publicly-held technology-based company. &#xA0;Before
specializing in life sciences and technology companies, Ms. O'Brien
spent over fifteen years in professional service accounting firms,
including PricewaterhouseCoopers, where she was dedicated to high
growth companies in multiple industries, including the
pharmaceutical industry. &#xA0;</font></div>
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<font style="font-family: Times New Roman; font-size: 13px">Ms.
O'Brien received her B.A. in Accounting from Rutgers University in
1980 and is a member of the American Institute of Certified Public
Accountants and the Association of Bioscience Financial
Officers.</font></div>
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<font style="font-family: Times New Roman; font-size: 13px"><font style="font-weight: bold">
About GT Biopharma, Inc.</font>&#xA0;</font></div>
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<font style="font-family: Times New Roman; font-size: 13px">GT
Biopharma, Inc. is an immuno-oncology biotechnology company focused
on innovative treatments based on the company's proprietary Tri and
Tetra-specific Natural Killer Cell Engagers (TriKEs&#x2122; and
TetraKEs) and bispecific antibody-drug conjugate (ADC) platforms.
GT's lead oncology drug candidate, OXS-1550 (DT2219) is a novel
bispecific scFv recombinant fusion protein-drug conjugate composed
of the variable regions of the heavy and light chains of anti-CD19
and anti-CD22 antibodies and a modified form of diphtheria toxin as
its cytotoxic drug payload. OXS-1550 has demonstrated success in
early human clinical trials in patients with relapsed/refractory
B-cell lymphoma or leukemia. In addition, GT's TriKE platform will
address a number of cancer types. GT's nervous system platform is
focused on acquiring or discovering and patenting late-stage,
de-risked, and close-to-market improved treatments for nervous
system diseases (Neurology and Pain) and shepherding them through
the approval process to the NDA. GT Biopharma's neurology products
currently include PainBrake, as well as treatments for the symptoms
of myasthenia gravis, and motion sickness.</font></div>
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<font style="font-family: Times New Roman; font-size: 13px">Except
for historical information contained herein, the statements in this
release are forward-looking and made pursuant to the safe harbor
provisions of the Private Securities Litigation Reform Act of 1995.
Forward-looking statements are inherently unreliable and actual
results may differ materially. Examples of forward-looking
statements in this news release include statements regarding the
effectiveness of the Company's products, the potential outcome of
clinical studies, the future success of development activities, the
future growth and operating and financial performance of the
Company and the possibility of the Company uplisting to NASDAQ.
Factors which could cause actual results to differ materially from
these forward-looking statements include such factors as the
Company's ability to accomplish its business initiatives, obtain
regulatory approval and protect its intellectual property;
significant fluctuations in marketing expenses and ability to
achieve or grow revenue, or recognize net income, from the sale of
its products and services, as well as the introduction of competing
products, or management's ability to attract and maintain qualified
personnel necessary for the development and commercialization of
its planned products; the Company's ability to meet the applicable
NASDAQ uplisting requirements, and other information that may be
detailed from time to time in the Company's filings with the United
States Securities and Exchange Commission. The Company undertakes
no obligation to publicly update or revise any forward-looking
statements, whether as a result of new information, future events
or otherwise.</font></div>
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Contact:</font></div>
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<font style="font-family: Times New Roman; font-size: 13px">Westwicke
Partners</font></div>
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<font style="font-family: Times New Roman; font-size: 13px">John
Woolford</font></div>
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<font style="font-family: Times New Roman; font-size: 13px">+1-(443)-213-0506</font></div>
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john.woolford@westwicke.com</font></div>
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