Core Viewpoint - Altamira Therapeutics Ltd. has successfully closed a public offering, raising approximately $4 million, with potential additional proceeds of up to $8 million from milestone-linked warrants [1][3]. Group 1: Offering Details - The public offering consisted of 5,555,556 common shares at a price of $0.72 per share, along with Series A-1 and Series A-2 common warrants [1]. - Series A-1 common warrants have an exercise price of $0.72, are immediately exercisable, and expire either 18 months after issuance or 60 days after positive biodistribution data is announced [1]. - Series A-2 common warrants also have an exercise price of $0.72, are immediately exercisable, and expire either five years after issuance or six months after entering into development agreements for AM-401 or AM-411 [1]. Group 2: Financial Implications - The gross proceeds from the offering were approximately $4 million before deducting fees and expenses, with potential additional proceeds of about $8 million if all warrants are exercised [3]. - The net proceeds from the offering will be used for working capital and general corporate purposes [3]. Group 3: Company Background - Altamira Therapeutics is focused on developing RNA delivery technology for targets beyond the liver, with two flagship siRNA programs, AM-401 for KRAS-driven cancer and AM-411 for rheumatoid arthritis, currently in preclinical development [7]. - The company also holds a 49% stake in Altamira Medica AG, which markets Bentrio®, an OTC nasal spray for allergic rhinitis [7]. - Founded in 2003, Altamira is headquartered in Hamilton, Bermuda, with operations in Basel, Switzerland [8].

Core Viewpoint - Altamira Therapeutics Ltd. has announced a public offering of common shares and warrants, aiming to raise approximately $4 million upfront, with potential additional proceeds of up to $8 million from the exercise of warrants [1][3]. Group 1: Offering Details - The public offering includes 5,555,556 common shares priced at $0.72 each, along with Series A-1 and Series A-2 common warrants, each allowing the purchase of an equal number of shares at the same price [1]. - The Series A-1 warrants will expire either 18 months after issuance or 60 days after positive biodistribution data is announced for AM-401 or AM-411 [1]. - The Series A-2 warrants will expire either five years after issuance or six months after entering agreements for further development and commercialization of AM-401 or AM-411 [1]. Group 2: Financial Proceeds and Use - The expected gross proceeds from the offering are approximately $4 million before fees and expenses, with an additional potential $8 million if all warrants are exercised [3]. - The net proceeds from the offering will be used for working capital and general corporate purposes [3]. Group 3: Company Background - Altamira Therapeutics is focused on developing RNA delivery technology for targets beyond the liver, with two flagship siRNA programs, AM-401 for KRAS-driven cancer and AM-411 for rheumatoid arthritis, currently in preclinical development [7]. - The company also holds a 49% stake in Altamira Medica AG, which markets Bentrio®, an OTC nasal spray for allergic rhinitis [8]. - Founded in 2003, Altamira is headquartered in Hamilton, Bermuda, with operations in Basel, Switzerland [8].

Core Insights - Altamira Therapeutics Ltd. has made significant advancements in immune checkpoint inhibitor therapy using Zbtb46 mRNA delivered via SemaPhore nanoparticles, showing promising results in animal tumor models with a significant tumor size reduction (p<0.0001) [1] - The Zbtb46 gene plays a crucial role in modifying the tumor microenvironment, enhancing the effectiveness of anti-PD1 treatments and leading to improved outcomes in cancer patients [2] - Altamira Medica's Bentrio nasal spray has been confirmed free of WADA prohibited substances, making it safe for athletes and addressing allergy management without doping risks [2] - Preclinical data indicates that SOD2 mRNA delivered via SemaPhore nanoparticles significantly reduces abdominal aortic aneurysm progression and improves survival rates (p<0.01) [3][4] - Altamira Therapeutics is expanding the distribution of Bentrio to Sweden and Denmark following its successful launch in Norway, aiming to establish a strong presence in the Scandinavian market [5] Company Developments - Altamira Therapeutics focuses on RNA-based treatments for non-liver targets using its OligoPhore and SemaPhore delivery platforms, with ongoing preclinical projects targeting KRAS-driven cancer and rheumatoid arthritis [6] - The company is divesting or out-licensing its legacy assets in allergology, viral infection, and inner ear therapeutics to streamline its focus on core projects [6] Research and Collaboration - The research on Zbtb46 mRNA was conducted by the Pathology & Immunology Department of Washington University School of Medicine, indicating strong academic collaboration [1] - The study on SOD2 mRNA was a joint effort between Washington University in St. Louis and the University of South Florida, highlighting the collaborative nature of Altamira's research initiatives [3][4]

Core Insights - Altamira Therapeutics has successfully launched Bentrio in Norway and has extended its exclusive distribution agreement with Pharma Nordic AS to include Sweden and Denmark, aiming to introduce the product in these markets next year [1][2] Company Overview - Altamira Therapeutics is focused on developing peptide-based nanoparticle technologies for RNA delivery, with two flagship siRNA programs in preclinical development targeting KRAS-driven cancer and rheumatoid arthritis [4] - The company holds a 49% stake in Altamira Medica AG, which commercializes Bentrio, an OTC nasal spray for allergic rhinitis [4] Product Details - Bentrio is a drug-free nasal spray designed to protect against airborne allergens and viruses, forming a protective gel layer in the nasal mucosa [3] - Clinical trials, including the NASAR study with 100 participants, demonstrated Bentrio's efficacy in reducing nasal symptoms and improving quality of life compared to saline [3] Market Expansion - The positive reception of Bentrio in Norway has prompted plans for its introduction in Sweden and Denmark, where there is a shared interest in innovative healthcare products [2][3]

Core Insights - Altamira Medica Ltd. announced that its Bentrio® nasal spray has been independently tested and found free of over 230 prohibited substances listed by the World Anti-Doping Agency (WADA), confirming its suitability for athletes [1][3] - The nasal spray is designed to protect against airborne allergens and particles while complying with anti-doping regulations, addressing the challenges athletes face in managing allergic rhinitis [2][3] Company Overview - Altamira Therapeutics Ltd. is focused on developing peptide-based nanoparticle technologies for RNA delivery, with two flagship siRNA programs in preclinical development targeting KRAS-driven cancer and rheumatoid arthritis [5][6] - The company holds a 49% stake in Altamira Medica AG, which commercializes Bentrio®, an over-the-counter nasal spray for allergic rhinitis [6] Product Details - Bentrio® is a drug-free and preservative-free nasal spray that forms a protective gel layer on the nasal mucosa, preventing airborne particles from contacting cells and aiding in their discharge [4] - Clinical trials, including the NASAR study with 100 participants, demonstrated Bentrio's efficacy in reducing allergy symptoms and improving quality of life, with statistically significant results [4]

Hamilton, Bermuda, Aug. 12, 2024 (GLOBE NEWSWIRE) -- Treatment with ZbtbB46 mRNA nanoparticles based on Altamira's SemaPhore™ delivery technology results in significant reduction in tumor growth (p<0.0001) Combination of nanoparticles with immune checkpoint inhibitor (anti-PD1) shows even more pronounced improvement, synergistic control of tumor growth with long-term complete remission of tumor in many cases Combination therapy may help to render more solid tumor patients responsive to anti-PD1 therapies (i ...

Study shows significant reduction in aorta dilation, delayed rupture and lower mortality in established animal model of abdominal aortic aneurysm Altamira's SemaPhore™ nanoparticles delivering SOD2 mRNA successfully to mitochondria in aorta wall Positive outcomes suggest potential use of treatment in management of small abdominal aortic aneurysm and prevention of ruptures AAA is a localized abnormal enlargement (bulge) of the abdominal aorta, i.e. the part of the main artery which runs through the belly. Th ...

Study shows significant reduction in aorta dilation, delayed rupture and lower mortality in established animal model of abdominal aortic aneurysm Altamira's SemaPhore™ nanoparticles delivering SOD2 mRNA successfully to mitochondria in aorta wall Positive outcomes suggest potential use of treatment in management of small abdominal aortic aneurysm and prevention of ruptures "Using SOD2 mRNA to modulate oxidative stress appears a very promising approach in various challenging cardiovascular disorders such as a ...

Hamilton, Bermuda, June 20, 2024 (GLOBE NEWSWIRE) -- BPPV is characterized by repeated episodes of vertigo produced by changes in the head position relative to gravity, e.g. when tipping the head backward. It is typically caused by dislodged inner ear particles (otoconia) in one of the semicircular canals, most often the posterior canal. The debris elicits unwanted vestibular stimulation and is often cleared through physical repositioning procedures such as the Epley maneuver, which is strongly recommended ...

Company Overview - Altamira Therapeutics is focused on developing and commercializing RNA delivery technology for targets beyond the liver, with a notable emphasis on peptide-based nanoparticle technologies [9] - The company is developing AM-125, an intranasal formulation of betahistine, to improve bioavailability and provide treatment options for patients in the US [5][15] - Altamira is also working on strategic partnerships or divestments of its legacy assets, including AM-125, as part of a pivot towards RNA delivery technology [5][7] Industry Context - Benign paroxysmal positional vertigo (BPPV) is the most common type of vertigo, accounting for 17% to 42% of all diagnosed cases, with healthcare costs in the US approaching $2 billion annually [12] - Residual dizziness occurs in 31% to 61% of BPPV patients, significantly affecting their quality of life and daily activities [11][12] - Betahistine is considered a standard treatment for dizziness and vertigo, with its oral formulation approved in approximately 115 countries, although it is not available in the US [5][14] Treatment Insights - The combination of physical repositioning procedures and betahistine treatment has shown a significantly greater reduction in dizziness handicap compared to the procedure alone, with a p-value of 0.001 [5][10] - AM-125 has demonstrated 5-to-29 times higher bioavailability than orally administered betahistine, which may enhance treatment efficacy for vestibular disorders [15] - The company aims to test AM-125 specifically for BPPV, as treatment for this condition is a primary indication for betahistine [7]