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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].
Polyrizon Ltd. Announces $17.0 Million Private Placement
Globenewswire· 2025-03-31 13:32
Core Viewpoint - Polyrizon Ltd. has announced a definitive agreement for the sale of approximately $17.0 million in Ordinary Shares and/or pre-funded and investor warrants at a price of $0.48 per Ordinary Unit, aimed at supporting its innovative intranasal hydrogel technology [1][3]. Group 1: Offering Details - The offering includes the sale of 35,416,667 Ordinary Units, each consisting of one Ordinary Share or Pre-Funded Warrant and one Series A Warrant to purchase one Ordinary Share per warrant [2]. - The initial exercise price of each Series A Warrant is set at $1.20 per Ordinary Share, with a term of 30 months, and will be exercisable following shareholder approval [2]. - The transaction is expected to close on or about April 1, 2025, subject to customary closing conditions [3]. 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 medical device hydrogels delivered as nasal sprays, which create a barrier against viruses and allergens [6]. - The company's proprietary technology, Capture and Contain TM, aims to function as a "biological mask" in the nasal cavity [6]. - Polyrizon is also developing additional technology for nasal delivery of active pharmaceutical ingredients, referred to as Trap and Target ™ [6].
Polyrizon Structures Clinical Strategy for its Allergy Blocker Ahead of FDA Pre-Submission Meeting
Globenewswire· 2025-03-27 12:25
Core Insights - Polyrizon Ltd. is advancing its clinical strategy for PL-14, an intranasal allergy blocker aimed at treating seasonal allergic rhinitis, in preparation for regulatory approval and commercialization [1][2][3] Clinical Strategy - The company is structuring its clinical plan to support a pre-submission meeting with the U.S. FDA, which will be followed by the initiation of clinical trials [2] - Comprehensive clinical studies will assess efficacy, safety, user experience, and nasal residence time of PL-14 [5] Clinical Trials Timeline - Polyrizon expects to begin clinical trials in the U.S. and Europe between late 2025 and early 2026, after completing preclinical work and the upcoming FDA consultation [2] Product Technology - Polyrizon specializes in innovative medical device hydrogels delivered as nasal sprays, which create a barrier against viruses and allergens in the nasal cavity [3] - The proprietary Capture and Contain (C&C) hydrogel technology is designed to function as a "biological mask" [3] Additional Development - The company is also developing the Trap and Target (T&T) technology for nasal delivery of active pharmaceutical ingredients, which is currently in pre-clinical development [3]
Polyrizon Expands Drug Delivery Innovation with Preclinical Studies for Epilepsy Rescue Treatment
Globenewswire· 2025-03-25 20:04
Core Viewpoint - Polyrizon Ltd. has initiated preclinical studies for intranasal Benzodiazepines (BZDs) aimed at improving emergency treatment options for acute repetitive seizures and status epilepticus using its proprietary drug delivery platform [1][5][8]. Company Summary - Polyrizon is a development stage biotech company focused on innovative intranasal hydrogels and drug delivery systems, including its Trap and Target™ (T&T) platform for administering BZDs [1][8]. - The company is collaborating with Professor Fabio Sonvico from the University of Parma, an expert in intranasal drug delivery solutions, to conduct these preclinical studies [4]. Industry Summary - The global acute repetitive seizures market was valued at approximately USD 3.15 billion in 2024 and is projected to grow at a CAGR of 12.7% from 2025 to 2030 [2]. - The global epilepsy treatment devices market was valued at around USD 526.8 million in 2023 and is expected to reach approximately USD 787.3 million by 2033, growing at a CAGR of about 4.1% from 2024 to 2033 [3].
Polyrizon Signs Non– Binding LOI to Expand its Innovative Intranasal Drug Delivery Platform for Psychedelic-Based Treatments
Globenewswire· 2025-03-14 12:35
Core Viewpoint - Polyrizon Ltd. has signed a non-binding Letter of Intent with a biotech company focused on psychedelic-derived therapeutics to develop a novel intranasal formulation for psychedelic-based treatment applications [1][2]. Group 1: Collaboration Details - The agreement aims to leverage Polyrizon's proprietary platform to optimize the delivery of innovative psychedelic treatments, emphasizing the potential of intranasal drug delivery in enhancing bioavailability, efficacy, and patient accessibility [2][4]. - Polyrizon will lead the formulation's development using its mucoadhesive drug delivery technology, while the psychedelic company will fund the research and development process, including feasibility studies [4]. Group 2: Technology and Innovation - Polyrizon specializes in developing innovative medical device hydrogels delivered as nasal sprays, which create a barrier in the nasal cavity to protect against viruses and allergens [5]. - The company's proprietary Capture and Contain (C&C) hydrogel technology aims to improve bioadhesion and prolonged retention at the nasal deposition site for drug delivery [5]. Group 3: Future Prospects - If the collaboration is successful, it could lead to further clinical development and commercialization, with plans to negotiate a definitive agreement outlining intellectual property ownership, commercialization rights, and financial terms [4]. - Polyrizon is expected to receive royalty payments for any future commercialization of the product by the psychedelic company [4].
Polyrizon Launches Preclinical Studies for Intranasal Naloxone to Combat Opioid Overdose Using Cutting-Edge Platform
Globenewswire· 2025-03-13 11:51
Core Viewpoint - Polyrizon Ltd. is advancing its development of intranasal Naloxone, a treatment for opioid overdose, through preclinical studies utilizing its Trap and Target™ platform, which aims to enhance drug delivery and effectiveness [1][3][4]. Company Overview - Polyrizon is a development stage biotech company focused on innovative medical device hydrogels delivered as nasal sprays, which create a barrier in the nasal cavity against viruses and allergens [6]. - The company is also developing its Capture and Contain (C&C) hydrogel technology, which aims to improve bioadhesion and retention for drug delivery [6]. Industry Context - The opioid crisis is a significant global public health emergency, with a rise in overdose fatalities largely driven by synthetic opioids like fentanyl [4]. - The global Naloxone market is projected to reach $2.47 billion by 2032, with a compound annual growth rate (CAGR) of 11% [4]. - The intranasal Naloxone spray market is expected to reach $1.4 billion by 2030 [4]. Product Development - The preclinical studies will evaluate key parameters such as drug loading capacity, release kinetics, nasal deposition, and stability, which are essential for future safety and efficacy testing [3]. - The proprietary T&T platform is designed to optimize drug delivery, potentially increasing bioavailability and ensuring rapid opioid reversal in emergency situations [4][5].
Polyrizon Ltd. Files Annual Report on Form 20-F for the Fiscal Year Ended December 31, 2024
Globenewswire· 2025-03-11 20:27
Company Overview - Polyrizon Ltd. is a development stage biotech company focused on innovative intranasal hydrogels [3] - The company specializes in medical device hydrogels delivered as nasal sprays, creating a barrier against viruses and allergens [3] - Polyrizon's proprietary technology, Capture and Contain (C&C), aims to function as a "biological mask" in the nasal cavity [3] Recent Developments - Polyrizon has filed its Annual Report on Form 20-F for the fiscal year ended December 31, 2024, with the U.S. SEC [1] - The report is accessible on the SEC's website and Polyrizon's Investor Relations website [2] Technology and Research - The company is developing its C&C hydrogel technology to enhance bioadhesion and retention for drug delivery [3] - An additional technology, Trap and Target (T&T), is in pre-clinical development for nasal delivery of active pharmaceutical ingredients [3]
Polyrizon Ltd.(PLRZ) - 2024 Q4 - Annual Report
2025-03-11 20:05
Financial Performance - The company reported operating losses of $1.302 million and $635,000 for the years ended December 31, 2024, and December 31, 2023, respectively, with an accumulated deficit of approximately $5.06 million as of December 31, 2024[56]. - The company reported a net loss of approximately $1,545,000 for the year ended December 31, 2024, and $600,000 for the year ended December 31, 2023, indicating ongoing financial challenges[69]. - The company has substantial doubt about its ability to continue as a going concern, which may hinder its ability to raise additional funds on reasonable terms[69]. - The company has incurred significant losses since inception and expects to continue doing so for the foreseeable future, impacting its ability to achieve profitability[56]. - The company expects to satisfy future cash needs through debt or equity financing until it can generate significant recurring revenues[69]. Regulatory and Approval Challenges - The company is subject to significant regulatory oversight, which may delay or disrupt the development and commercialization of its product candidates[56]. - The company has not yet obtained regulatory approval to market any product in the United States or other jurisdictions, which limits market opportunities[11]. - The company has not conducted a pre-submission meeting with the FDA's CDRH regarding the potential Class II medical device path for its PL-15 and PL-16 product candidates, which may lead to a lengthier approval process[79]. - The FDA's 510(k) clearance process typically takes from three to twelve months, while the PMA process can take one to three years or longer, impacting the timeline for product launches[74]. - The company faces significant risks associated with successfully completing clinical trials and obtaining regulatory approvals for its product candidates[13]. Clinical Trials and Development - The company anticipates significant increases in expenses as it plans to begin clinical trials for its C&C product candidates in the fourth quarter of 2025 and seeks regulatory approvals[57]. - Clinical trials are lengthy and expensive, with uncertain outcomes, and the company may experience delays due to various factors including patient recruitment and regulatory approvals[102]. - The company may face difficulties in patient enrollment for clinical trials due to various factors, which could delay or terminate trials and increase costs[71]. - The company may need to conduct additional preclinical experiments and clinical trials if it cannot pursue anticipated regulatory pathways, increasing time and financial resources required for approval[110]. - The company anticipates conducting clinical trials outside the United States, which presents additional risks that may delay completion[106]. Financing and Capital Structure - As of December 31, 2024, the company had cash and cash equivalents of $2.55 million and will require significant additional financing to fund its operations[63]. - The company relies on equity securities sales, convertible loans, and grants from the Israeli Innovation Authority to finance its operations[58]. - The company may experience dilution of ownership interest if it raises capital through the sale of equity or convertible debt securities[67]. - The company may need to significantly curtail, delay, or discontinue research, development, or commercialization efforts if funding is not obtained on acceptable terms[68]. Intellectual Property and Competition - The company’s patent portfolio consists of a single patent family as of March 10, 2025, with uncertainties regarding the issuance and enforceability of patents[169]. - The company’s commercial success depends on avoiding infringement of third-party patents, with numerous existing patents in the biotechnology and pharmaceutical industries[180]. - The company may face substantial litigation expenses and resource diversion if it is involved in defending against claims of intellectual property infringement[184]. - The company may not successfully identify, discover, or license additional product candidates, which could adversely affect its business operations[200]. - The company faces intense competition from both domestic and international pharmaceutical and medical device companies, which may develop more effective or cost-efficient products[142]. Market Acceptance and Reimbursement - The commercial success of product candidates depends on acceptance by the medical community, including physicians and healthcare payors, which is influenced by clinical safety and efficacy demonstrated in trials[220][221]. - Coverage and reimbursement from third-party payors are crucial for the acceptance and utilization of product candidates in medical procedures[223][224]. - The company anticipates pricing pressures due to trends in managed healthcare and cost containment measures, which may affect the commercialization of new product candidates[226]. - Obtaining coverage and reimbursement approval is a time-consuming process that may require extensive scientific and clinical data[228]. Operational Risks - The company currently lacks a marketing and sales organization, which may hinder its ability to generate revenue from product candidates[215]. - The company faces risks related to political, economic, and military instability in Israel, which could adversely affect its business and financial condition[242]. - The company incurs expenses in multiple currencies, including Euros and New Israeli Shekels, exposing it to foreign currency exchange fluctuations[248]. - The company’s commercial insurance does not cover losses from events associated with the security situation in the Middle East, which could materially affect its financial condition[246]. - Employee misconduct or noncompliance with regulatory standards could result in significant fines or sanctions, impacting the company's reputation and financial performance[205].