Analyst Coverage (as of 11/18/19)

Moleculin Biotech, Inc. is followed by the analysts listed above. Moleculin Biotech, Inc. believes the above list is complete as of the date referenced, but there can be no assurance that other analysts do not also cover the company. Please note that any opinions, estimates or forecasts regarding Moleculin Biotech, Inc.'s performance made by these analysts are theirs alone and do not represent opinions, forecasts or predictions of Moleculin Biotech, Inc. or its management. Moleculin Biotech, Inc. does not by its reference above or distribution imply its endorsement of or concurrence with such information, conclusions or recommendations.