Raised approximately $2.118 million in gross proceeds since the beginning of 2025WASHINGTON, Feb. 06, 2025 (GLOBE NEWSWIRE) -- 60 Degrees Pharmaceuticals, Inc. (NASDAQ: SXTP; SXTPW) (the “Company”), a pharmaceutical company focused on developing new medicines for infectious diseases, today announced the closing of its previously announced registered direct offering priced at-the-market under Nasdaq rules for the purchase and sale of an aggregate of 1,503,500 shares of its common stock at a purchase price of ...

WASHINGTON, Feb. 05, 2025 (GLOBE NEWSWIRE) -- 60 Degrees Pharmaceuticals, Inc. (NASDAQ: SXTP; SXTPW) (the “Company”), a pharmaceutical company focused on developing new medicines for infectious diseases, today announced that it has entered into definitive agreements for the purchase and sale of an aggregate of 1,503,500 shares of its common stock at a purchase price of $0.715 per share in a registered direct offering priced at-the-market under Nasdaq rules. In addition, in a concurrent private placement, th ...

Core Viewpoint - 60 Degrees Pharmaceuticals, Inc. has successfully closed a registered direct offering, raising approximately $1.043 million through the sale of 1,021,549 shares of common stock at a price of $1.021 per share, along with a concurrent private placement of short-term warrants [1][2]. Group 1: Offering Details - The registered direct offering involved the sale of 1,021,549 shares of common stock at a price of $1.021 per share [1]. - In addition to the common stock offering, the company issued unregistered short-term warrants to purchase up to 2,043,098 shares of common stock at an exercise price of $0.771 per share [1]. - The gross proceeds from the offering were approximately $1.043 million, before deducting fees and expenses [2]. Group 2: Use of Proceeds - The company intends to use the net proceeds from the offering for working capital and other general corporate purposes [2]. Group 3: Regulatory Compliance - The shares of common stock were offered under a "shelf" registration statement filed with the SEC, which became effective on July 18, 2024 [3]. - The short-term warrants were issued in a private placement and have not been registered under the Securities Act, limiting their sale in the U.S. [4]. Group 4: Company Background - 60 Degrees Pharmaceuticals, Inc. specializes in developing new medicines for infectious diseases and achieved FDA approval for its lead product, ARAKODA® (tafenoquine), for malaria prevention in 2018 [6]. - The company collaborates with prominent research organizations in the U.S., Australia, and Singapore, and has received support from the U.S. Department of Defense and private investors [6].

Core Viewpoint - 60 Degrees Pharmaceuticals, Inc. has announced a registered direct offering of 1,021,549 shares of common stock at a price of $1.021 per share, along with a concurrent private placement of short-term warrants to purchase up to 2,043,098 shares at an exercise price of $0.771 per share [1][2]. Group 1: Offering Details - The total gross proceeds from the offering are expected to be approximately $1.043 million before deducting fees and expenses [2]. - The closing of the offering is anticipated to occur on or about January 30, 2025, pending customary closing conditions [1]. - The shares are being offered under a "shelf" registration statement that became effective on July 18, 2024 [3]. Group 2: Use of Proceeds - The net proceeds from the offering are intended for working capital and other general corporate purposes [2]. Group 3: Company Background - 60 Degrees Pharmaceuticals, Inc. specializes in developing new medicines for infectious diseases and received FDA approval for its lead product, ARAKODA® (tafenoquine), in 2018 [6]. - The company collaborates with research organizations in the U.S., Australia, and Singapore and has received support from the U.S. Department of Defense and private investors [6].

Investigational Review Board (IRB) approval has been granted for the open-label study to evaluate tafenoquine for treatment of patients with a presumptive diagnosis of chronic babesiosis in outpatient settings.Enrollment expected to commence Q3 2025. WASHINGTON, Jan. 28, 2025 (GLOBE NEWSWIRE) -- 60 Degrees Pharmaceuticals, Inc. (NASDAQ: SXTP; SXTPW) (the “Company”), a pharmaceutical company focused on developing new medicines for infectious diseases, announced today the approval of an Investigational Review ...

Clinical Study and Market Potential - The first patient has been enrolled in NCT06478641, an expanded access clinical study to confirm the activity of tafenoquine in treating persistent babesiosis in high-risk patients who have failed standard care [1] - Tafenoquine exhibited an 80% cure rate in five high-risk patients with persistent, relapsing babesiosis who had failed prior standard-of-care treatments [2] - The total cumulative accessible market for ARAKODA (tafenoquine) for babesiosis may exceed 400,000 patients through the end of U.S. patent protection in December 2035 [4][8] Tafenoquine and ARAKODA Overview - Tafenoquine is approved for malaria prophylaxis in the U.S. under the product name ARAKODA and in Australia as KODATEF [6] - ARAKODA is indicated for malaria prophylaxis in patients aged 18 years and older, with a long terminal half-life of approximately 16 days, offering potential advantages in less-frequent dosing [6][7] - Tafenoquine was discovered by Walter Reed Army Institute of Research and commercially launched in 2019 [6] Safety and Adverse Reactions - ARAKODA should not be administered to patients with G6PD deficiency, during pregnancy or lactation, or with a history of psychotic disorders [9][10][11][17] - Common adverse reactions include headache, dizziness, back pain, diarrhea, nausea, vomiting, increased alanine aminotransferase, motion sickness, insomnia, depression, abnormal dreams, and anxiety [13] - Serious hypersensitivity reactions, delayed adverse reactions, and psychiatric effects have been observed with ARAKODA use [12] Company Background - 60 Degrees Pharmaceuticals, founded in 2010, specializes in developing and marketing new medicines for infectious diseases [16] - The company achieved FDA approval of ARAKODA for malaria prevention in 2018 and collaborates with research organizations in the U.S., Australia, and Singapore [16] - The company is headquartered in Washington D.C., with a majority-owned subsidiary in Australia [18]

WASHINGTON, Dec. 23, 2024 (GLOBE NEWSWIRE) -- 60 Degrees Pharmaceuticals, Inc. (NASDAQ: SXTP; SXTPW) (“60 Degrees” or the “Company”), pharmaceutical company, and Tufts Medical Center (“Tufts MC”), a leading academic medical center, today announced the signing of a Patent License Agreement to jointly advance the development and commercialization of tafenoquine for the treatment and prevention of babesiosis. Tafenoquine is not currently approved by the U.S. Food and Drug Administration (“FDA”) for the treatme ...

The trial (NCT06207370) evaluates tafenoquine combined with standard treatment for babesiosis, addressing a critical unmet medical need.The clinical site is led by Brigham and Women’s Hospital researchers Ann Woolley, M.D., and David Leaf, M.D.The double-blind, placebo-controlled trial will examine outcomes for hospitalized patients with severe babesiosis, a tick-borne illness often found as a co-infection of Lyme disease. WASHINGTON, Dec. 11, 2024 (GLOBE NEWSWIRE) -- 60 Degrees Pharmaceuticals, Inc. (NASDA ...

60 Degrees Pharmaceuticals Inc. (SXTP) came out with a quarterly loss of $0.93 per share versus the Zacks Consensus Estimate of a loss of $0.60. This compares to loss of $3.60 per share a year ago. These figures are adjusted for non-recurring items.This quarterly report represents an earnings surprise of -55%. A quarter ago, it was expected that this company would post a loss of $3.96 per share when it actually produced a loss of $4.23, delivering a surprise of -6.82%.Over the last four quarters, the compan ...

Core Viewpoint - 60 Degrees Pharmaceuticals, Inc. reported significant growth in sales revenue and improvements in gross profit for Q3 2024, alongside increased operating expenses and a net loss attributable to common shareholders. Financial Highlights - Q3 2024 sales revenue increased 164% year-over-year to approximately $135 thousand from $51 thousand in Q3 2023 [3] - ARAKODA® pharmacy deliveries rose by 140% from 550 boxes in Q3 2023 to 1,319 boxes in Q3 2024 [3] - Gross profit improved to approximately $24 thousand in Q3 2024, compared to a gross loss of approximately $20 thousand in Q3 2023 [3] - Operating expenses were approximately $2.16 million in Q3 2024, up from approximately $1.58 million in Q3 2023 [3] - Net loss attributable to common shareholders was approximately $2.27 million, or ($0.93) per share, compared to a net income of approximately $4.09 million, or $9.13 per share in Q3 2023, representing a decline of $6.36 million [3] Business Highlights - The Company granted the University of Kentucky the right of reference to its NDA for ARAKODA®, facilitating FDA review of clinical efficacy and safety data [4] - A fixed-price contract was awarded to support commercial validation of new packaging for ARAKODA® by the United States Army Medical Materiel Development Activity [4] - Ethics approval was granted for an open label, expanded access study of ARAKODA® in immunosuppressed patients with persistent/relapsing babesiosis [4] - Clinical trial agreements were signed with all planned trial sites for the Tafenoquine Babesiosis Study [4] Company Overview - 60 Degrees Pharmaceuticals, Inc. specializes in developing and marketing new medicines for infectious diseases and achieved FDA approval for ARAKODA® in 2018 [5] - The Company collaborates with prominent research organizations in the U.S., Australia, and Singapore, and has received support from the U.S. Department of Defense and private institutional investors [5]