NRx Pharmaceuticals, Inc. (NASDAQ:NRXP) Reports Second Quarter 2025 Financial Results and Provides Corporate Update
Globenewswire· 2025-08-18 12:10
Core Insights - NRx Pharmaceuticals has received an expanded Fast Track Designation from the FDA for NRX-100, allowing it to address an unmet medical need for treating suicidal depression in over 13 million Americans annually, significantly increasing its market potential [4][11][7] - The company is advancing its drug development pipeline, including NRX-100 and NRX-101, with various regulatory filings and applications aimed at accelerating approval processes [8][15][28] - HOPE Therapeutics, a subsidiary of NRx, is establishing a network of interventional psychiatry clinics to provide comprehensive care for mental health conditions, aiming to address a significant public health crisis [20][18][19] Drug Development and Regulatory Activities - NRX-100 is being developed through two paths: a generic approval via an Abbreviated New Drug Application (ANDA) and an innovative drug path via a New Drug Application (NDA) [8][28] - The ANDA market for ketamine is estimated at $750 million, with expectations to enter this market in early 2026 [8] - NRX-101 has received Breakthrough Therapy Designation and is being prepared for a New Drug Application, with over 80,000 pages of supporting material submitted [15][16] Financial Overview - For Q2 2025, the company reported a net loss of $17.6 million, compared to a net loss of $7.9 million in Q2 2024, primarily due to non-cash fair value accounting measurements [24] - The company had approximately $2.9 million in cash and cash equivalents as of June 30, 2025, which is expected to support operations into 2026 [25] HOPE Therapeutics and Market Strategy - HOPE Therapeutics aims to create a national network of clinics to provide integrated care for patients with suicidal depression and related conditions, addressing fragmented mental health treatment [20][18] - The company is negotiating to acquire additional facilities, targeting $100 million in total forward pro-forma revenue by the end of 2025 [23] Toxicology and Safety Considerations - A Citizen's Petition has been filed to remove Benzethonium Chloride from intravenous ketamine products, citing safety concerns and lack of GRAS status [9][10] - The proprietary formulation of NRX-100 is preservative-free, which is expected to be well-received by both physicians and patients, potentially capturing a larger market share [10][9]
AVALON Real-World Evidence Builds on CAMELOT Study Reinforcing iRhythm's Zio LTCM Clinical Superiority
Globenewswire· 2025-08-18 12:05
Core Insights - The AVALON study published in the American Journal of Managed Care reinforces the clinical superiority of iRhythm Technologies' Zio long-term continuous monitoring (LTCM) service among commercially insured patients, demonstrating its effectiveness compared to other ambulatory cardiac monitoring (ACM) modalities [1][2][3] Study Findings - AVALON is the largest real-world study of its kind, involving 428,707 commercially insured patients, and shows that the Zio LTCM service has the highest diagnostic yield, fastest time to diagnosis, and lowest total healthcare costs compared to other monitoring modalities [4][6][11] - The Zio LTCM service was associated with a 2.04 times higher likelihood of new arrhythmia diagnosis within 90 days compared to Holter monitors, and 1.69 times compared to ambulatory event monitors (AEM) [8][12] - The median time from end-of-wear to arrhythmia diagnosis for the Zio LTCM service was 9 days, significantly faster than Holter (12 days) and AEM (30 days) [12] - The Zio LTCM service demonstrated the lowest total medical and pharmacy costs at $10,476 per patient-year, compared to Holter ($11,042), AEM ($11,492), and non-iRhythm LTCM services ($11,293) [12] Clinical Implications - The findings indicate that the Zio LTCM service leads to lower healthcare resource utilization, including fewer emergency department visits and hospitalizations, and a lower likelihood of cardiovascular events [11][12] - The study confirms that the Zio LTCM service's advantages extend across diverse patient populations and payer segments, building on previous findings from the Medicare-focused CAMELOT study [6][13] Company Commitment - iRhythm Technologies emphasizes its commitment to delivering clinically meaningful innovations that drive value across the healthcare system, as highlighted by the results of the AVALON study [3][10][14]
American Rare Earths Announces: Test Mining Commences To Extract Feedstock for Demonstration Plant at The Cowboy State Mine
Globenewswire· 2025-08-18 12:03
Core Viewpoint - American Rare Earths has initiated construction of a test mine at the Cowboy State Mine, marking a significant step in the development of the Halleck Creek deposit in Wyoming [1][10]. Group 1: Test Mining Program - The test mining program aims to extract approximately 3,200 tonnes of ore to serve as feedstock for a demonstration plant and support mineral processing optimization [2][4]. - The first blast has been successfully executed, fracturing weathered material to a depth of about 3.6 meters, which will be excavated and stockpiled [3][5]. Group 2: Importance of Test Mining - The test mining work will provide essential mining-related data, including drill penetration rates and blast fragmentation, which are crucial for mine design [4][7]. - The commencement of test mining is a critical milestone, as it will validate processing flowsheets, generate end-product samples, and support future technical studies [4][6]. Group 3: Strategic Goals - The demonstration plant will facilitate metallurgical testing, process optimization, and the production of samples for potential offtake partners [6][7]. - The project aims to de-risk full-scale development by proving processing performance at scale and refining engineering and cost models for future plant construction [7][10]. Group 4: Industry Context - American Rare Earths is positioned to reduce U.S. reliance on rare earth imports, primarily from China, while addressing the growing demand for these critical minerals [11][12]. - The Halleck Creek Project is significant for U.S. supply chain security and is committed to environmentally responsible mining practices [12].
FTC Solar to Participate in Upcoming Investor Events
Globenewswire· 2025-08-18 12:03
Core Insights - FTC Solar, Inc. is actively engaging with investors through multiple upcoming conferences and events, indicating a focus on investor relations and market presence [1][2]. Company Overview - FTC Solar, founded in 2017, specializes in solar tracker systems, technology, software, and engineering services, aimed at enhancing energy production in solar installations [4]. - The company's solar trackers optimize panel orientation to the sun, significantly increasing energy output and offering a competitive installation cost-per-watt advantage [4]. Upcoming Events - The company will participate in the H.C. Wainwright Global Investment Conference on September 8, 2025, hosting virtual investor meetings [1]. - FTC Solar will also be present at the Roth Solar & Storage Symposium and RE+ 2025 in Las Vegas on September 9-10, 2025, conducting in-person and group investor meetings [2]. - Interested parties are encouraged to visit FTC Solar's booth V7655 at the events to learn more about their innovative solutions [3].
Enlivex Announces Positive Topline Data From Multi-Country, Randomized, Controlled, Phase I/II Trial Evaluating Allocetra in Patients With Moderate-To-Severe Knee Osteoarthritis
Globenewswire· 2025-08-18 11:45
Core Insights - Enlivex Therapeutics announced positive topline data from the Phase IIa trial of Allocetra™, showing significant improvements in knee pain and function in patients with moderate-to-severe knee osteoarthritis [1][2][3] Group 1: Clinical Trial Results - In the modified intention-to-treat population, Allocetra™ demonstrated a 24% reduction in knee pain and a 26% improvement in knee function compared to placebo [1] - For age-related primary osteoarthritis patients, Allocetra™ resulted in a 72% reduction in knee pain and a 95% improvement in knee function compared to placebo, indicating a substantial and statistically significant effect [1][2] Group 2: Safety Profile - The trial reported a favorable safety profile for Allocetra™, with no severe adverse events and only mild to moderate, transient, and treatable side effects observed in most patients [2] Group 3: Company Overview - Enlivex Therapeutics is a clinical-stage company focused on macrophage reprogramming immunotherapy, developing Allocetra™ as a universal cell therapy aimed at reprogramming macrophages to restore immune balance [8] - The company emphasizes the significant unmet medical need in the knee osteoarthritis market, which affects over 32.5 million Americans and is projected to increase to 78 million by 2040 [6]
ParaZero Receives Order from a Defense Entity for its Counter Drone Technology
Globenewswire· 2025-08-18 11:32
Kfar Saba, Israel, Aug. 18, 2025 (GLOBE NEWSWIRE) -- ParaZero Technologies Ltd. (Nasdaq: PRZO) (the “company” or “ParaZero”), an aerospace defense company pioneering smart, autonomous solutions for the global manned and unmanned aerial systems (UAS) industry, today announced that it has received a purchase order for its advanced Counter-Unmanned Aerial Systems (C-UAS) solution from a defense entity. This is another achievement for ParaZero in its continued expansion into the defense market and the rapidly g ...
PDD Holdings to Report Second Quarter 2025 Unaudited Financial Results on August 25, 2025
Globenewswire· 2025-08-18 11:30
Group 1 - PDD Holdings Inc. will report its unaudited financial results for the second quarter ended June 30, 2025, before U.S. markets open on August 25, 2025 [1] - The earnings conference call will take place at 7:30 AM ET on August 25, 2025 [1] - The conference call will be available for live webcast and replay on the company's investor website [2] Group 2 - PDD Holdings is a multinational commerce group that operates a portfolio of businesses aimed at integrating more businesses and individuals into the digital economy [3] - The company's mission is to enhance productivity and create new opportunities for local communities and small businesses [3]
DallasNews Corporation Files Definitive Proxy Statement and Issues Letter to Shareholders
Globenewswire· 2025-08-18 11:30
Core Points - DallasNews Corporation is proposing a merger with Hearst, offering shareholders an all-cash consideration of $15 per share, which represents a 242% premium over the closing price of $4.39 on July 9, 2025 [1][4][8] - The Board of Directors unanimously supports the merger, emphasizing its potential to provide immediate liquidity and eliminate ownership risks for shareholders [2][4][7] - Shareholders are encouraged to vote "FOR" the merger at the special meeting scheduled for September 23, 2025, to secure the proposed cash premium [1][19][20] Company Overview - DallasNews Corporation is the holding company for The Dallas Morning News and Medium Giant, known for its strong journalistic reputation and community ties [20] - The Dallas Morning News has received nine Pulitzer Prizes, highlighting its commitment to quality journalism [20] - Medium Giant is recognized for its marketing excellence, having won several industry awards in 2024 [20] Merger Details - The merger with Hearst is positioned as a significant opportunity for DallasNews shareholders to realize immediate value and avoid market risks associated with public company ownership [7][12] - Hearst's offer is backed by its strong reputation in the media industry and financial capacity, providing assurance for the completion of the transaction [8][9] - The merger proposal requires approval from shareholders, with a two-thirds majority needed from both Series A and Series B Common Stock [19] Shareholder Communication - The Board has communicated the importance of the merger to shareholders, highlighting the risks of remaining a standalone public company if the merger is not approved [11][12] - DallasNews' largest shareholder, Mr. Robert W. Decherd, has publicly expressed his support for the merger and his commitment to preserving the legacy of DallasNews [10][13] - Shareholders are advised to disregard any competing proposals, particularly from Alden Global Capital, which has a controversial history in the newspaper industry [14][15][16]
Plus Therapeutics Presents Positive ReSPECT-LM Clinical Trial Results of REYOBIQ™ in Leptomeningeal Metastases
Globenewswire· 2025-08-18 11:30
Core Insights - Plus Therapeutics, Inc. announced positive data from the ReSPECT-LM Phase 1 trial, demonstrating a clinical benefit rate of over 75% in three relevant outcome measures for the treatment of leptomeningeal metastases with REYOBIQ [1][2] - The trial showed no dose-limiting toxicities and an overall favorable safety profile, indicating the treatment is feasible and effective [1][4] Study Details - The Phase 1 trial involved 29 subjects across six cohorts receiving varying doses of REYOBIQ, ranging from 6.6 mCi to 75 mCi [2] - Early cohorts exhibited excellent tolerance at higher doses, supporting a broad therapeutic range [4] Efficacy and Safety - The study reported a radiographic response rate of 76% and a clinical response rate of 87% through day 112 [6] - CSF tumor cell enumeration assays showed a maximum reduction of 100% at day 28, with a median overall survival of 9 months across the first four cohorts, which is significantly better than the typical 2-6 months reported in literature [6] Future Directions - The trial results provide a foundation for moving into ongoing dosing optimization and potential approval trials [4] - REYOBIQ is being evaluated for multiple CNS cancers, including recurrent glioblastoma and pediatric brain cancer, with significant funding support from the National Cancer Institute and the Cancer Prevention & Research Institute of Texas [5][7]
Auction result of Treasury Bills - RIKV 25 1119 - RIKV 26 0318
Globenewswire· 2025-08-18 11:30
Series RIKV 25 1119RIKV 26 0318Settlement Date 08/20/202508/20/2025Total Amount Allocated (MM) 16,08819,800All Bids Awarded At (Price / Simple interest) 98.096/7.67995.728/7.650Total Number of Bids Received 1820Total Amount of All Bids Received (MM) 18,18825,800Total Number of Successful Bids <td colspan="3" style="border-right: solid black 1pt ; border-left: solid black 1 ...