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Serina Therapeutics Announces Date for 2025 Annual Stockholders Meeting
Globenewswire· 2025-07-01 20:15
Core Points - Serina Therapeutics, Inc. has scheduled its 2025 annual meeting of stockholders for November 7, 2025 [1] - The deadline for stockholder proposals under Rule 14a-8 is set for August 15, 2025, due to the change in the meeting date [2] - Stockholder proposals and director nominations must be submitted in writing between July 10, 2025, and August 9, 2025, to be considered timely [3] Company Overview - Serina is a clinical-stage biotechnology company focused on developing drug candidates for neurological diseases and other indications [4] - The company utilizes its POZ Platform to enhance the efficacy and safety profiles of various therapeutic modalities, including small molecules and RNA-based therapeutics [4] - Serina is headquartered in Huntsville, Alabama, at the HudsonAlpha Institute of Biotechnology [4]
Serina Therapeutics to Present at FORCE Family Office Investor Webinar on June 26, 2025
Globenewswire· 2025-06-23 23:24
Core Insights - Serina Therapeutics, Inc. is set to present its innovative drug optimization technology at a webinar focused on Parkinson's care, highlighting the limitations of current treatments and the potential of its proprietary drug candidate SER-252 [1][2][3] Company Overview - Serina Therapeutics is a clinical-stage biotechnology company developing drug candidates aimed at treating neurological diseases and other indications, utilizing its proprietary POZ Platform for drug optimization [5] - The company is headquartered in Huntsville, Alabama, on the campus of the HudsonAlpha Institute of Biotechnology [5] Product and Technology - SER-252 is a polymer conjugate of apomorphine designed to provide continuous dopaminergic stimulation (CDS), aiming for smoother and longer-lasting symptom control for Parkinson's patients [2] - The POZ Platform is a next-generation drug optimization system that has the potential to enhance the safety, duration, and tolerability of various therapeutics, including small molecules and RNA-based therapeutics [2][5] Event Details - The webinar titled "New Drug Optimization Platform to Transform Parkinson's Care" will take place on June 26, 2025, featuring a presentation by CEO Steve Ledger and a Q&A session for attendees [1][3]
UPDATED: Serina Therapeutics Congratulates Juvenescence Ltd. on $76M First Tranche Close of Series B Funding and Strategic Partnership with M42
Globenewswire· 2025-06-18 00:30
Core Insights - Serina Therapeutics, Inc. has announced a strategic partnership with Juvenescence Ltd., which has successfully closed the first tranche of a $76 million Series B financing round, targeting a total of $150 million [2][3] - The partnership aims to establish a drug development hub in Abu Dhabi, integrating AI-enabled drug discovery with advanced clinical infrastructure to expedite the development of innovative therapeutics [3][4] - Serina is focused on developing its proprietary POZ Platform™ for drug optimization, targeting neurological diseases and other indications, and is positioned as a core portfolio company of Juvenescence [5][4] Company Overview - Serina Therapeutics is a clinical-stage biotechnology company headquartered in Huntsville, Alabama, specializing in drug candidates for neurological diseases and other conditions [5] - The POZ Platform™ developed by Serina has the potential to enhance the efficacy and safety profiles of various therapeutic modalities, including small molecules and RNA-based therapeutics [5] - Juvenescence, the strategic partner, is an AI-enabled biotech company focused on developing medicines to extend healthy lifespan by targeting aging mechanisms [7][9] Strategic Partnerships - The collaboration between Juvenescence and M42, a global health company based in Abu Dhabi, signifies a commitment to building a leading life-sciences hub and developing a pipeline of innovative therapeutics [4][11] - M42 operates over 480 facilities across 26 countries and employs more than 20,000 people, integrating advanced technologies in healthcare [12]
Serina Therapeutics Congratulates Juvenescence Ltd. on $150M Series B Funding and Strategic Partnership with M42
Globenewswire· 2025-06-17 10:00
Core Insights - Serina Therapeutics congratulates its strategic partner Juvenescence Ltd. for securing $150 million in Series B financing led by M42, which will enhance their drug development capabilities [1][2][3] - The partnership aims to establish a drug development hub in Abu Dhabi, integrating AI-enabled drug discovery with advanced clinical infrastructure to expedite the creation of innovative therapies targeting age-related diseases [2][3] - Juvenescence's leadership has a proven track record in biopharma, having previously led significant deals and developed medicines with peak annual sales totaling $30 billion [7][8] Company Overview - Serina Therapeutics is a clinical-stage biotechnology company focused on developing drug candidates for neurological diseases and other indications, utilizing its proprietary POZ Platform to enhance the efficacy and safety of various therapeutic modalities [4] - Juvenescence is an AI-enabled biotech company dedicated to extending healthy lifespan by targeting core aging mechanisms to treat age-related diseases [6][8] - M42, a global health company, combines AI, technology, and genomics to innovate healthcare solutions, operating over 480 facilities across 26 countries [9][11]
Registration Is Now Open For Tribe Public's CEO Presentation and Q&A Webinar Event "Is the Beaten Down Biotech Sector the Smartest Bet in Today's Volatile Market?"
Globenewswire· 2025-06-09 20:05
Company Overview - Serina Therapeutics, Inc. is a clinical-stage biotechnology company focused on developing drug candidates for neurological diseases and other indications using its proprietary POZ Platform™ technology [7] - The company is headquartered in Huntsville, Alabama, on the campus of the HudsonAlpha Institute of Biotechnology [7] Industry Context - The biotechnology sector is currently experiencing a bear market, with approximately 25% of the 700 to 800 publicly traded US biotech companies having negative enterprise values [3] - The upcoming webinar event titled "Is the Beaten Down Biotech Sector the Smartest Bet in Today's Volatile Market?" aims to discuss investment opportunities in this challenging environment [2][3] Event Details - Serina's CEO, Steven A. Ledger, will present at the Tribe Public's Webinar on June 11, 2025, at 8:30 am Pacific / 11:30 am Eastern [2] - Participants can submit questions for the CEO before and during the event, which will be hosted by Tribe Public's Managing Member, John F. Heerdink, Jr. [6]
Serina Therapeutics Appoints Stephen Brannan, M.D. to Board of Directors
Globenewswire· 2025-05-22 20:50
Company Overview - Serina Therapeutics, Inc. is a clinical-stage biotechnology company focused on developing a pipeline of drug candidates for neurological diseases and other indications, utilizing its proprietary POZ Platform for drug optimization [5]. Leadership Appointment - Dr. Stephen Brannan has been appointed to the Board of Directors, bringing over 30 years of experience in neuroscience and neuropsychiatry drug development [2][3]. - Dr. Brannan previously served as Chief Medical Officer at Karuna Therapeutics, where he led the clinical strategy for KarXT, a groundbreaking therapy for schizophrenia that contributed to Karuna's $14 billion acquisition by Bristol Myers Squibb in 2024 [2][3]. Strategic Focus - The company aims to advance long-acting treatments for movement disorders and other CNS conditions, aligning with Dr. Brannan's expertise in designing data-driven clinical trials and understanding patient and commercial needs [3]. Previous Experience - Dr. Brannan has held senior roles at Takeda, Novartis, Cyberonics (now LivaNova), and Eli Lilly, directing clinical development programs in various CNS conditions [3]. - He is a founding member of the CNS Summit Leadership Council and has served on the Executive Committee of the International Society for CNS Clinical Trials and Methodology (ISCTM) [3]. Board Changes - Remy Gross has departed from the Board of Directors, with the company expressing gratitude for his contributions during its transition from a private to a public entity [5].
Serina Therapeutics Reports First Quarter 2025 Financial Results and Provides Business Highlights
Globenewswire· 2025-05-08 20:23
Core Insights - Serina Therapeutics is making significant progress in developing its proprietary POZ Platform for drug optimization, particularly focusing on SER-252 for advanced Parkinson's care [2][3] - The company has secured $15 million in equity financing, enhancing its financial foundation to support ongoing clinical trials and research initiatives [7] - Recent data presented at a summit indicates that Serina's POZ-lipid technology may lead to safer and more effective lipid nanoparticle formulations for gene therapy [7] Recent Highlights - The company is on track to dose the first patient in the Phase 1b clinical trial of SER-252 by Q4 2025 [6] - Two experienced biotech leaders have been added to the Board of Directors, enhancing corporate strategy and business development capabilities [7] - The POZ Platform is being advanced across multiple therapeutic modalities, including neurological disorders and RNA-based therapeutics [2][7] First Quarter Operating Results - Revenues for Q1 2025 were not material, similar to Q1 2024 [4] - Operating expenses increased to $5.9 million in Q1 2025 from $2.3 million in Q1 2024, driven by higher R&D and administrative costs [4][6] - R&D expenses rose to $3.0 million in Q1 2025, up from $1.1 million in Q1 2024, primarily due to increased headcount and professional fees [5] Financial Performance - The net loss for Q1 2025 was $4.8 million, or $(0.49) per share, compared to a net loss of $15.0 million, or $(5.38) per share, in Q1 2024 [10][22] - Other income for Q1 2025 was $1.0 million, a significant improvement from a net expense of $12.7 million in Q1 2024 [9][22] - Cash and cash equivalents totaled $4.3 million as of March 31, 2025, with projections indicating sufficient funds to last through Q3 2025 [11] Liquidity Information - The company has a strengthened balance sheet following recent financing, which includes a $10 million investment from JuvVentures and a $5 million private placement [7][11] - Total current assets as of March 31, 2025, were $5.8 million, with total liabilities at $5.2 million [20][21]
Serina Therapeutics, Inc.(SER) - 2025 Q1 - Quarterly Results
2025-05-08 20:12
Financial Performance - Revenues for the first quarter of 2025 were not material, remaining at $0 compared to $5,000 in the same period of 2024[4] - Operating expenses increased to $5.9 million in Q1 2025 from $2.3 million in Q1 2024, representing a 155% increase[4] - Research and development expenses rose to $3.0 million in Q1 2025, up from $1.1 million in Q1 2024, marking a 173% increase[5] - General and administrative expenses were $2.9 million in Q1 2025, compared to $1.2 million in Q1 2024, reflecting a 142% increase[6] - The net loss attributable to Serina for Q1 2025 was $4.8 million, or $(0.49) per share, significantly improved from a net loss of $15.0 million, or $(5.38) per share, in Q1 2024[10] - Net loss for the three months ended March 31, 2025, was $4.822 million, compared to a net loss of $15.015 million for the same period in 2024[25] Cash Flow and Financing - Cash and cash equivalents totaled $4.3 million as of March 31, 2025, with projections indicating sufficient funds to last through Q3 2025[11] - Serina secured $15 million in equity financing since late 2024, including a $10 million investment from JuvVentures and a $5 million private placement[7] - Net cash used in operating activities increased to $4.322 million from $1.577 million year-over-year[25] - Cash and cash equivalents at the end of the period were $4.267 million, down from $8.756 million at the end of the same period in 2024[25] - Net cash provided by financing activities was $4.917 million, compared to $2.728 million in the previous year[25] - The company drew down on loan facilities from Juvenescence, resulting in no cash outflow reported for the current period[25] Operational Developments - The company is on track to dose the first patient in the Phase 1b clinical trial of SER-252 for advanced Parkinson's disease by Q4 2025[6] - New data presented at a summit showed Serina's POZ-lipid did not trigger an immune response, indicating potential for safer LNP formulations[7] Changes in Financial Position - Other income for Q1 2025 was $1.0 million, a turnaround from a net expense of $12.7 million in Q1 2024, indicating a $13.7 million improvement[9] - Stock-based compensation increased significantly to $956,000 from $53,000 year-over-year[25] - The company reported a change in fair value of convertible promissory notes, which was $0 in the current period compared to $7.017 million in the previous year[25] - The company had a significant increase in accounts payable, which rose to $441,000 from $244,000 year-over-year[25] - The issuance of common stock upon conversion of Preferred Stock was $0 in the current period, compared to $36.404 million in the previous year[25] - The merger and issuance of common stock upon consummation of the merger on March 26, 2024, resulted in $0 in the current period, compared to $961,000 in the previous year[25]
Serina Therapeutics, Inc.(SER) - 2025 Q1 - Quarterly Report
2025-05-08 20:10
Financial Performance - The company reported an operating loss of $5.9 million for the three months ended March 31, 2025, compared to a loss of $2.3 million for the same period in 2024, reflecting an increase of $3.6 million [117]. - The company reported net losses of $4.8 million for the three months ended March 31, 2025, compared to a net loss of $15.0 million for the same period in 2024, reflecting a decrease of $10.2 million [138]. - Other income net was $1.0 million for the three months ended March 31, 2025, compared to a net expense of $12.7 million in the same period in 2024, resulting in a $13.7 million improvement [141]. - The net loss for the three months ended March 31, 2025, was $4.8 million, compared to a net loss of $15.0 million in the same period in 2024 [152][154]. Expenses - Research and development expenses increased to $3.0 million for the three months ended March 31, 2025, up from $1.1 million in the same period in 2024, representing a $1.9 million increase [139]. - Total operating expenses for the three months ended March 31, 2025, were $5.9 million, compared to $2.3 million for the same period in 2024, indicating a $3.5 million increase [138]. - General and administrative expenses increased to $2.9 million for the three months ended March 31, 2025, from $1.2 million in the same period in 2024, representing a 141.7% increase [140]. - Net cash used in operating activities for the three months ended March 31, 2025, was $4.3 million, a 174.1% increase from $1.6 million in the same period in 2024 [151]. Cash and Financing - Cash and cash equivalents were reported at $4.3 million as of March 31, 2025 [117]. - As of March 31, 2025, the company had $4.3 million in cash and cash equivalents, with significant financing from the issuance of common stock and convertible notes prior to the merger [144]. - Net cash provided by financing activities for the three months ended March 31, 2025, was $4.9 million, an increase of 80.2% from $2.7 million in the same period in 2024 [155][156]. - The company may need to raise additional capital through equity offerings, debt financings, or other arrangements to fund operations for the foreseeable future [149]. Accumulated Deficit and Future Outlook - The company had an accumulated deficit of $49.1 million as of March 31, 2025 [117]. - The accumulated deficit as of March 31, 2025, was $49.1 million, raising substantial doubt about the company's ability to continue as a going concern [146]. - The company expects to incur substantial expenditures in the foreseeable future for the development of its product candidates and will require additional financing to continue this development [118]. - The company anticipates that research and development expenses, general and administrative expenses, and capital expenditures will continue to increase [148].
Serina Therapeutics to Present at JonesResearch Virtual CNS Day
GlobeNewswire News Room· 2025-04-29 10:00
Core Insights - Serina Therapeutics, Inc. is a clinical-stage biotechnology company focused on developing its proprietary POZ Platform™ for drug optimization [2] - The company is set to present at the JonesResearch Hosts: Virtual CNS Day on April 29, 2025, at 12:00 p.m. EDT [1] Company Overview - Serina Therapeutics is headquartered in Huntsville, Alabama, on the campus of the HudsonAlpha Institute of Biotechnology [2] - The company is developing a pipeline of wholly owned drug product candidates aimed at treating neurological diseases and other indications [2] - The POZ Platform™ has the potential to enhance the efficacy and safety profiles of various therapeutic modalities, including small molecules, RNA-based therapeutics, and antibody-drug conjugates (ADCs) [2]