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Oragenics, Inc. Announces One-for-Thirty Reverse Stock Split
Globenewswire· 2025-05-28 11:00
Core Viewpoint - Oragenics, Inc. has announced a One-for-Thirty reverse stock split to enhance its capital market presence and align with long-term investors' expectations [1][4]. Group 1: Reverse Stock Split Details - The reverse stock split will combine every 30 pre-split shares into one new share, effective at 12:01 a.m. Eastern Time on June 3, 2025 [2][3]. - Fractional shares resulting from the split will be rounded up to the nearest whole share for each shareholder [2]. - The split will not affect the par value of the common stock or the number of authorized but unissued shares [2][3]. Group 2: Company Strategy and Leadership Comments - The CEO, Ms. Janet Huffman, emphasized that the reverse split is aimed at strengthening the company's capital markets presence and attracting quality-focused investors [4]. - The company believes that increasing the share price and reducing share count will better align with investor expectations [4]. Group 3: Company Overview - Oragenics is a clinical-stage biotechnology company focused on developing innovative treatments for neurological disorders, with its lead asset being ONP-002, an intranasal therapy for concussion treatment [5].
Oragenics, Inc. Announces Approval to Initiate Phase II Concussion Drug Trial in Australia
Globenewswire· 2025-05-13 12:30
Core Insights - Oragenics, Inc. has received approval from the Human Research Ethics Committee (HREC) in Australia to initiate a Phase II clinical trial for its proprietary neuroprotective therapy ONP-002, aimed at treating mild traumatic brain injury (mTBI) or concussion [1][2] Company Developments - The approval allows Oragenics to expand its clinical development efforts internationally, with patient enrollment expected to begin in the second quarter of 2025 [2] - ONP-002 is designed for intranasal administration, providing a non-invasive method for drug delivery to the brain, and has shown promise in preclinical models by reducing inflammation, oxidative stress, and brain swelling associated with concussions [2] - A Phase I clinical trial indicated that ONP-002 is safe and well-tolerated, positioning it as a potential acute therapy for concussions [2] Market Position - The company is enhancing its geographic footprint by considering enrollment sites in both Australia and New Zealand, which could significantly broaden the reach of the ONP-002 program [2] - Oragenics is also advancing proprietary powder formulations and intranasal delivery technology to improve drug administration for neurological disorders [3]
Oragenics, Inc. to Host Management Update Webinar on May 20, 2025 to Discuss Concussion Treatment Landscape, ONP-002 Clinical Program, and Strategic Vision
Globenewswire· 2025-05-12 12:30
Core Insights - Oragenics, Inc. is hosting a management update webinar on May 20, 2025, to discuss the unmet medical need in concussion treatment and its lead program ONP-002, a neuroprotective therapy for mild traumatic brain injury [1][3][6] - The company emphasizes that ONP-002 offers a novel therapeutic approach in a market lacking FDA-approved drug therapies for concussions [3] Company Overview - Oragenics is focused on developing intranasal therapeutics for neurological disorders, particularly ONP-002 for mild traumatic brain injury or concussion [4] - The company is advancing proprietary powder formulations and intranasal delivery technology to enhance drug administration [4] Product Development - ONP-002 is delivered intranasally, allowing for non-invasive and direct brain delivery while minimizing systemic exposure [3] - Preclinical studies have shown that ONP-002 can reduce inflammation, oxidative stress, and brain swelling following head injury, with a Phase I trial indicating the compound is safe and well tolerated [3]
Oragenics(OGEN) - 2025 Q1 - Quarterly Report
2025-05-09 20:30
Financial Performance - The company reported a net loss of $2.22 million for the three months ended March 31, 2025, a decrease of 9.54% compared to a net loss of $2.45 million in the same period of 2024[88]. - As of March 31, 2025, the company had an accumulated deficit of $219 million and reported net losses of $2.2 million for Q1 2025 and $10.5 million for the year 2024[98]. - Net cash used in operating activities for Q1 2025 was $2,112,090, a decrease from $3,064,249 in Q1 2024[99]. - The company expects to incur significant and increasing operating losses as it advances its Neurology Assets through nonclinical testing and clinical trials[98]. Expenses - Research and development expenses decreased by 48.52% to $341,542 for the three months ended March 31, 2025, down from $663,414 in the same period of 2024[88]. - General and administrative expenses decreased by 6.23% to $1.68 million for the three months ended March 31, 2025, compared to $1.80 million in the same period of 2024[88]. - Interest expense increased significantly by 2,710.54% to $199,127 for the three months ended March 31, 2025, compared to $7,085 in the same period of 2024[88]. - The company anticipates increased general and administrative expenses due to expanded research and development activities and efforts to raise additional capital[92]. Financing Activities - The company raised $2.6 million from the sale of 7.8 million shares in February 2025 and $2.2 million from a $3 million promissory note issued in March 2025[74][75]. - The company generated $4,668,328 from financing activities in Q1 2025, compared to $1,652,737 in Q1 2024[99]. - Significant financing activities in Q1 2025 included $2.6 million in net proceeds from common stock issuance and $2.2 million in borrowings on short-term notes payable[103]. - The company’s short-term notes payable totaled $3,132,963 as of March 31, 2025, which includes a $3.0 million non-interest bearing promissory note due July 14, 2025[105]. Cash Position - The company has $3.4 million in cash and cash equivalents as of March 31, 2025, which is expected to fund operations through Q3 2025[81]. - Cash used in operating activities was affected by a non-cash charge of $0.2 million for amortization of debt discount in Q1 2025[101]. Operational Focus - The company operates in a single reportable segment focused on the development of ONP-002, with no segment revenue reported for the three-month periods ended March 31, 2025, and 2024[86]. - The company has a projected product development timeline for ONP-002, with Phase 2a expected to start in Q2 2025 and Phase 2b in Q2 2026[72]. - The company plans to seek both equity and debt financing to support the commercialization and development of its Neurology Assets[80]. Market Conditions - Inflation has not had a material impact on the company's results of operations for the periods presented, except for payroll-related costs and government-imposed regulations[107]. - The company does not have any off-balance sheet arrangements[108]. - As a smaller reporting company, the company is not required to provide information on market risk[109].
Oragenics, Inc. to Participate at the 15th Annual Traumatic Brain Injury Conference
Newsfilter· 2025-04-23 12:30
Core Insights - Oragenics, Inc. is participating in the 15th Annual Traumatic Brain Injury Conference to showcase advancements in intranasal therapies for concussion and brain-related conditions [1][2] Company Overview - Oragenics is a biotechnology company focused on developing intranasal therapeutics for neurological disorders, particularly its lead candidate ONP-002 for mild traumatic brain injury (mTBI) [6] - The company is advancing proprietary powder formulations and intranasal delivery technology to enhance drug administration [6] Conference Participation - The Annual Traumatic Brain Injury Conference is hosted by Arrowhead Sci-Tech Conferences & Events, bringing together leaders from various sectors to discuss TBI research and clinical care [2] - Dr. W. Frank Peacock, Chief Clinical Officer of Oragenics, will present on "An Update on HeadSMART II: Advancing Precision Strategies for Traumatic Brain Injury Detection and Management" [3] Research and Collaboration - The HeadSMART II trial is one of the largest ongoing U.S. emergency department prospective biomarker discovery trials for mild traumatic brain injury, expected to enroll over 2,000 patients [4] - Findings from HeadSMART II may reshape the understanding of the mTBI population and influence future clinical trial enrollment strategies [4] - Oragenics is collaborating with BrainBox Solutions to create a comprehensive test-to-treat platform for mTBI, combining diagnostic technologies with its therapeutic candidate ONP-002 [5]
Oragenics, Inc. Announces Health and Disability Ethics Committee Submission for Phase IIa Concussion Trial
Globenewswire· 2025-04-09 12:58
Core Viewpoint - Oragenics, Inc. has submitted a clinical trial protocol for its neurosteroid therapy ONP-002 to the Health and Disability Ethics Committee in New Zealand, marking a significant step in the development of treatments for mild traumatic brain injury (mTBI) or concussion [1][2][3] Company Overview - Oragenics, Inc. is a biotechnology company focused on developing intranasal therapeutics for neurological disorders, with ONP-002 as its lead candidate for treating mTBI or concussion [4] - The company is also advancing proprietary powder formulations and intranasal delivery technology to enhance drug administration [4] Clinical Trial Details - The Phase II clinical trial for ONP-002 aims to evaluate its efficacy in treating mTBI or concussion, with patient enrollment planned in both Australia and New Zealand [2][3] - The trial will be conducted at Christchurch Hospital, the largest tertiary, teaching, and research hospital on New Zealand's South Island, which treats over 83,000 patients annually [2][3] Treatment Significance - There are currently no pharmaceutical therapies available for treating concussion, highlighting an unmet medical need [3] - ONP-002 is designed for intranasal administration, providing a non-invasive and efficient route for drug delivery to the brain, and has shown promising results in preclinical models [3]
Oragenics, Inc. Participates in the 3rd Nasal Formulation & Delivery Summit
Newsfilter· 2025-04-07 20:30
Core Insights - Oragenics, Inc. is focused on developing novel intranasal therapies for brain-related disorders, particularly targeting mild traumatic brain injury (mTBI) or concussion [1][4] - The company’s lead candidate, ONP-002, utilizes intranasal administration for rapid absorption and targeted delivery to the brain [3][4] Industry Developments - The 3rd Nasal Formulation & Delivery Summit highlighted innovations in intranasal drug delivery, emphasizing CNS therapeutics, emergency-use treatments, and applications for infectious diseases [2] - Dr. James Kelly, Chief Medical Officer of Oragenics, participated in a panel discussion, sharing insights on optimizing intranasal drug delivery and its benefits for neurological treatments [2][3] Company Commitment - Oragenics' involvement in the summit reflects its dedication to advancing non-invasive CNS therapeutics and engaging with the intranasal research community [3]
Oragenics, Inc. Participates in the 3rd Nasal Formulation & Delivery Summit
Globenewswire· 2025-04-07 20:30
Core Insights - Oragenics, Inc. is focused on developing novel intranasal therapies for brain-related disorders, particularly its lead candidate ONP-002 for mild traumatic brain injury (mTBI) [1][4] - The company participated in the 3rd Nasal Formulation & Delivery Summit, highlighting its commitment to innovation in non-invasive CNS therapeutics [1][3] Company Developments - Dr. James Kelly, Chief Medical Officer of Oragenics, shared insights on optimizing intranasal drug delivery and its advantages in neurological treatment during the summit [2] - ONP-002 is designed for rapid absorption and targeted brain delivery through intranasal administration, aiming to improve outcomes for concussion patients [3][4] Industry Context - The summit gathered industry leaders to discuss innovations in intranasal drug delivery, focusing on CNS therapeutics, emergency-use treatments, and infectious disease applications [2]
Oragenics, Inc. Provides Q1 2025 Shareholder Update on Strategic and Financial Progress
Newsfilter· 2025-03-27 12:30
Core Insights - Oragenics, Inc. is advancing its lead therapeutic candidate, ONP-002, for concussion treatment, highlighting significant progress in regulatory, clinical, financial, and partnership initiatives [1][2] Strategic and Operational Milestones - ONP-002 is a neuroprotective, anti-inflammatory compound designed for intranasal administration to treat concussion, classified as a mild traumatic brain injury (mTBI) [3] - The drug has undergone extensive preclinical studies, including evaluations for cardiotoxicity and genotoxicity, and successfully completed a Phase I human study with no serious adverse events [4] - The company has finalized drug production for the Phase IIa clinical trial and submitted the Investigator's Brochure to regulatory authorities in Australia, with first patient enrollment expected soon [5][6] Strategic Partnerships - A collaboration with BRAINBox Solutions was established to combine ONP-002's therapeutic capabilities with BRAINBox's diagnostic tools, aiming to enhance concussion care [7][9] Financial Position and Capital Structure - Oragenics raised approximately $5 million in Q1 2025 through a mix of equity and non-dilutive debt financing, including $2.6 million from At-the-Market (ATM) equity sales and $2.25 million in non-dilutive debt [8][10] - The company simplified its capital structure by converting all outstanding Series A and B preferred shares to common stock, enhancing transparency for shareholders [10][11] Upcoming Milestones - Key projected milestones include HREC approval in Australia and first patient enrollment in the Phase IIa trial expected in Q2 2025, with completion of Phase IIa enrollment anticipated by Q4 2025 [12] - Additional milestones include interim safety and biomarker readout in Q4 2025 – Q1 2026, initiation of Phase IIb in Q1 2026, and FDA Accelerated Approval Filing in Q3 2026 [12] Commitment to Value Creation - The company is focused on advancing ONP-002 with urgency and precision, aiming to deliver a clinical breakthrough in concussion care and generate long-term value for shareholders [13][14]
Oragenics, Inc. Announces Filing of 2024 Annual Report on Form 10-K
Globenewswire· 2025-03-18 21:33
Company Overview - Oragenics, Inc. is a biotechnology company focused on innovative treatments for concussion and brain-related health conditions, including drug candidates for mild traumatic brain injury (mTBI) and Niemann Pick Disease Type C (NPC) [3] Financial Performance - The company filed its Annual Report on Form 10-K for the year ended December 31, 2024, with the U.S. Securities and Exchange Commission on March 14, 2025 [1] - The audited consolidated financial statements received an unqualified audit opinion from an independent registered public accounting firm, indicating a positive assessment of the company's financial health [2] Strategic Focus - Oragenics is committed to advancing its innovative pipeline, exploring strategic opportunities, and securing necessary resources to support long-term growth [2]