Relmada outlines 2026 trial launches for NDV-01 and sepranolone as pipeline advances
Management Insights: Relmada Therapeutics is advancing two promising product candidates, NDV-01 for bladder cancer and sepranolone for compulsivity disorders, with plans to initiate Phase III and proof-of-concept studies in 2026. The company reported a decrease in operational costs and a net loss of $9.9 million for Q2 2025, while emphasizing the importance of regulatory engagement and strategic financial management.
Analyst Sentiment: Analysts expressed a slightly positive outlook on the company's progress, highlighting encouraging efficacy data and seeking clarity on market strategies and regulatory pathways. Management maintained a confident tone during the earnings call, focusing on upcoming milestones and the potential for both products to address significant unmet medical needs.
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BTIG Initiates Buy Rating on Invivyd Inc with $10 Price Target
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Relmada Therapeutics Sets Price for $100 Million Underwritten Common Stock and Pre-Funded Warrant Offering
Offering Details: Relmada Therapeutics announced the pricing of an underwritten offering of 40,142,000 shares of common stock at $2.20 per share, along with pre-funded warrants for an additional 5,315,000 shares, aiming to raise approximately $100 million before expenses.
Use of Proceeds: The funds will be utilized for working capital, clinical studies for regulatory approvals, development of product candidates, and potential acquisitions or licensing of complementary technologies.
Investor Participation: Notable investors in the offering include Janus Henderson Investors, Ferring Ventures SA, and OrbiMed, with Jefferies and Leerink Partners serving as joint book-running managers.
Forward-Looking Statements: The announcement includes forward-looking statements regarding the offering's completion and intended use of proceeds, highlighting the inherent risks and uncertainties involved.
