Polyrizon Ltd.(PLRZ)

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Polyrizon Regains Compliance with Nasdaq Listing Requirements
Globenewswire· 2025-08-14 12:14
Core Points - Polyrizon Ltd. has regained compliance with Nasdaq listing requirements, allowing it to continue trading under the ticker symbol "PLRZ" [1][2] - The company demonstrated compliance with the minimum bid price requirement as per Nasdaq Listing Rule 5550(a)(2) [2] Company Overview - Polyrizon is a biotechnology company focused on developing intranasal products, specifically innovative medical device hydrogels delivered as nasal sprays [3] - The company's proprietary technology, Capture and Contain TM (C&C), creates a hydrogel-based barrier in the nasal cavity to protect against viruses and allergens [3] - Polyrizon is also developing Trap and Target TM (T&T) technology for the nasal delivery of active pharmaceutical ingredients (APIs) [3]
Polyrizon Reports Successful Intranasal Delivery of PL-14 Allergy Blocker in Latest Study
GlobeNewswire News Room· 2025-07-22 12:32
Core Insights - Polyrizon Ltd. announced promising preclinical results for its PL-14 Allergy Blocker, indicating its potential as a barrier-forming treatment for allergic rhinitis [1][3] - The study, conducted with the University of Parma, showed over 60% deposition of PL-14 in the nasal vestibule, crucial for blocking allergen contact [2][3] - The global allergen blocker market is projected to grow from USD 0.14 billion in 2024 to USD 0.21 billion by 2033, with a CAGR of 4.4% [4] Company Overview - Polyrizon specializes in developing intranasal products, particularly hydrogel-based nasal sprays that create a barrier against allergens and viruses [6] - The company's proprietary Capture & Contain (C&C) platform aims to deliver a high concentration of hydrogel to the nasal vestibule, enhancing its effectiveness [4][5] - Polyrizon is advancing its C&C platform towards clinical trials following successful preclinical validation [5]
Polyrizon Retains Nasdaq Listing Following Hearings Panel
Globenewswire· 2025-07-15 11:55
Core Viewpoint - Polyrizon Ltd. has received approval from the Nasdaq Hearings Panel to continue its listing on the Nasdaq Capital Market, following a plan to address concerns regarding its capital structure and compliance with listing standards [1][3]. Group 1: Nasdaq Listing and Compliance - The Nasdaq Listing Qualifications Department previously issued a public interest determination under Listing Rule 5101 due to the company's issuance of securities in a private placement, particularly concerning Series A warrants [2]. - A hearing was held on June 26, 2025, where Polyrizon presented its plan to avoid complex financing instruments in future capital-raising activities [3]. - The Panel's determination on July 9, 2025, allows the company to maintain its listing, contingent upon regaining compliance with the Minimum Bid Price Rule by October 17, 2025 [3]. Group 2: Financial Position and Capital Structure - Following the private placement, the company reported a cash balance of approximately $15.68 million, and all warrants issued in the transaction have been exercised, simplifying its capital structure [4]. - The elimination of a significant source of potential dilution is expected to enhance long-term shareholder value [4]. Group 3: Internal Controls and Future Plans - The company is implementing a formal internal control framework to govern future securities issuances and ensure compliance with Nasdaq standards, including enhanced oversight and quarterly internal compliance reviews [5]. Group 4: Company Overview - Polyrizon is a development stage biotech company focused on innovative intranasal hydrogels that create a barrier against viruses and allergens in the nasal cavity [5]. - The proprietary Capture and Contain hydrogel technology is designed to function as a "biological mask," and the company is also developing the Trap and Target technology for nasal delivery of active pharmaceutical ingredients [5].
Polyrizon Reports Promising Results Demonstrating Successful Internasal Delivery of its Innovative Hydrogel Formulation for CNS Therapeutics
Globenewswire· 2025-06-12 11:32
Core Insights - Polyrizon Ltd. announced positive preclinical results for its hydrogel-based Trap & Target (T&T) platform, indicating effective drug delivery to the upper nasal cavity, which is crucial for central nervous system (CNS) applications [1][4] Group 1: Study Results - The study, conducted with the University of Parma, showed that Polyrizon's hydrogel formulation achieved over 60% preferential accumulation in the middle and upper turbinates, enhancing nose-to-brain transport [3] - The results suggest potential applications for CNS indications, such as opioid overdose treatment and seizure management, where rapid brain access is critical [3][4] Group 2: Technology Validation - The CEO of Polyrizon emphasized the validation of the T&T technology's ability to achieve localized deposition in favorable nasal regions, which could lead to new therapies for acute neurological and psychiatric conditions [4] - The hydrogel demonstrated consistent delivery to upper nasal segments while maintaining favorable handling characteristics, supporting further preclinical development [4] Group 3: Future Plans - Polyrizon plans to validate these preclinical results in animal models and initiate safety studies as part of its translational roadmap for the T&T technology [5]
Polyrizon Announces Receipt of Nasdaq Delisting Notice
Globenewswire· 2025-05-23 20:15
Core Viewpoint - Polyrizon Ltd. has received a notification from Nasdaq regarding potential delisting due to shareholder dilution concerns related to a recent securities issuance [1][2] Group 1: Company Overview - Polyrizon is a development stage biotech company focused on innovative intranasal hydrogels that create a barrier against viruses and allergens in the nasal cavity [3] - The company's proprietary technology, Capture and Contain (C&C), is designed to function as a "biological mask" and is delivered via nasal sprays [3] - Polyrizon is also developing Trap and Target (T&T) technology for the nasal delivery of active pharmaceutical ingredients, which is currently in pre-clinical development [3] Group 2: Nasdaq Notification Details - Nasdaq's Listing Qualifications Department has determined that the issuance of Series A warrants under a securities purchase agreement raises public interest concerns due to substantial dilution for shareholders [1] - The company has the option to request a hearing before a Hearings Panel to contest the delisting, which would stay any suspension or delisting actions pending the outcome of the hearing [2]
Polyrizon Emerges with Positive Preclinical Data on Nasal Protection Platform
Globenewswire· 2025-05-21 11:10
Core Insights - Polyrizon Ltd. has announced significant results from ex vivo studies demonstrating the mucoadhesive strength and extensive nasal surface coverage of its proprietary formulation platform [1][2][3] Group 1: Study Findings - The studies were conducted in collaboration with Prof. Fabio Sonvico's laboratory, using excised rabbit nasal mucosa to simulate human nasal tissues [2] - Advanced ex vivo studies showed that Polyrizon's formulation spreads rapidly and uniformly across the nasal mucosa, forming a consistent surface layer [3] - Mucoadhesion testing indicated that the formulation maintains strong attachment to nasal tissue, even under conditions simulating physiological nasal fluid flow, supporting prolonged efficacy [3][4] Group 2: Product Overview - Polyrizon specializes in developing innovative medical device hydrogels delivered as nasal sprays, which create a hydrogel-based barrier in the nasal cavity to protect against viruses and allergens [5] - The proprietary Capture and Contain (C&C) hydrogel technology is designed to function as a "biological mask" and is being further developed for enhanced bioadhesion and prolonged retention for drug delivery [5] - An additional technology, Trap and Target (T&T), is in pre-clinical development focused on nasal delivery of active pharmaceutical ingredients [5]
Polyrizon Targets $3.15B Epilepsy Market with Preclinical Studies for Innovative Rescue Treatment
Globenewswire· 2025-05-13 11:45
Company Overview - Polyrizon Ltd. is a development stage biotech company focused on innovative intranasal hydrogels and has initiated preclinical studies for intranasal Benzodiazepines (BZDs) targeting acute repetitive seizures and status epilepticus [1][4] - The company utilizes its proprietary Trap and Target™ (T&T) platform for the intranasal administration of BZDs, aiming to provide rapid and patient-friendly seizure rescue therapy [4][6] Industry Context - According to the World Health Organization, epilepsy affects approximately 50 million people globally, with many existing therapies failing to adequately control acute repetitive seizures [2] - The global market for acute repetitive seizures was valued at USD 3.15 billion in 2024 and is expected to grow at a compound annual growth rate (CAGR) of 12.7% from 2025 to 2030 [2] Research Collaboration - The preclinical studies will be conducted in collaboration with Professor Fabio Sonvico from the University of Parma, an expert in intranasal and pulmonary drug delivery solutions [3] Advantages of Intranasal Delivery - Intranasal delivery of BZDs offers several advantages over traditional administration routes, including ease of use and increased accessibility, allowing for rapid administration of life-saving medication in out-of-hospital settings [5]
Polyrizon Reports Successful Safety Study of a Formulation of PL-14 Allergy Blocker in Human Nasal Tissue Model
Globenewswire· 2025-04-25 11:37
Core Viewpoint - Polyrizon Ltd. has announced a successful preliminary safety study for its PL-14 Allergy Blocker, marking a significant advancement in the product's development path [1][5]. Group 1: Study Details - The safety study was conducted on fully differentiated human nasal tissue using the MucilAir™ model, demonstrating strong local tolerability [2]. - The study assessed local tolerance and tissue response after a 4-hour application of PL-14, a mucoadhesive nasal gel spray designed to act as a physical barrier against airborne allergens [3]. - Key safety indicators evaluated included tissue integrity (TEER), cytotoxicity (LDH), cilia beating frequency (CBF), mucociliary clearance (MCC), and inflammatory response (IL-8 secretion), with results showing no signs of inflammatory activation or functional impairment [4]. Group 2: Regulatory and Development Plans - The results of the study are a milestone in validating the local safety of PL-14 and support the company's clinical development plans [5]. - The data will aid in the regulatory strategy and support an upcoming FDA pre-submission meeting, with U.S. and European clinical trials expected to begin in late 2025 or early 2026 [6]. Group 3: Company Overview - Polyrizon is a development stage biotech company focused on innovative medical device hydrogels delivered as nasal sprays, which create a barrier against viruses and allergens [7]. - The company is developing its proprietary Capture and Contain (C&C) hydrogel technology, which aims to enhance bioadhesion and prolonged retention for intranasal drug delivery [7].
Polyrizon Engages Leading Branding Firm for Strategic Brand Development
Globenewswire· 2025-04-02 13:05
Core Insights - Polyrizon Ltd. has entered into a collaboration with a globally recognized branding and trademark consultancy to develop a strategic brand name and identity for its Capture and Contain™ hydrogel technology [1][2] - The Capture and Contain™ hydrogel technology is designed to create a protective biological barrier against allergens and viruses, marking a significant step in Polyrizon's commercialization efforts [2][4] - The engagement will include comprehensive trademark screening and linguistic evaluations in the U.S. and European markets to ensure brand viability and regulatory compliance [3] Company Overview - Polyrizon is a development stage biotech company focused on innovative medical device hydrogels delivered as nasal sprays, which form a barrier in the nasal cavity against viruses and allergens [4] - The proprietary Capture and Contain™ hydrogel technology consists of naturally occurring building blocks and functions as a "biological mask" [4] - Polyrizon is also developing additional technology, Trap and Target™, aimed at the nasal delivery of active pharmaceutical ingredients, which is currently in pre-clinical development [4]
Polyrizon Ltd. Announces Closing of $17.0 Million Private Placement
Globenewswire· 2025-04-01 20:09
Core Viewpoint - Polyrizon Ltd. has successfully closed a private placement raising approximately $17.0 million through the sale of Ordinary Shares and/or pre-funded and investor warrants at a price of $0.48 per Ordinary Unit [1][3]. Group 1: Offering Details - The offering included the sale of 35,416,667 Ordinary Units, each comprising one Ordinary Share or Pre-Funded Warrant and one Series A Warrant to purchase one Ordinary Share [2]. - The initial exercise price for each Series A Warrant is set at $1.20 per Ordinary Share, with a term of 30 months, and is subject to shareholder approval [2]. - The Pre-Funded Warrants can be exercised at any time following shareholder approval [2]. Group 2: Use of Proceeds - The net proceeds from the offering, along with existing cash, are intended for general corporate purposes and working capital [3]. Group 3: Company Overview - Polyrizon is a development-stage biotech company focused on innovative intranasal hydrogels that create a barrier against viruses and allergens in the nasal cavity [6]. - The company's proprietary technology, Capture and Contain TM, aims to function as a "biological mask" and is being further developed for drug delivery [6]. - Polyrizon is also working on an earlier-stage technology, Trap and Target ™, for nasal delivery of active pharmaceutical ingredients [6].