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Scienture Holdings, Inc. Regains Compliance with Nasdaq Listing Requirements
Globenewswire· 2025-07-16 12:15
Core Points - Scienture Holdings, Inc. has regained compliance with Nasdaq Listing Rule 5550(a)(2) as its common stock has maintained a closing bid price of $1.00 or greater for the last ten consecutive business days [1][2] - The company was previously notified on May 19, 2025, that it was not in compliance with the minimum bid price requirement and was given a compliance period of 180 calendar days to rectify the situation [2] - The leadership expressed satisfaction with the team's efforts to regain compliance and emphasized the focus on upcoming product launches, particularly the FDA-approved product Arbli [3] Company Overview - Scienture Holdings, Inc. operates as a holding company for pharmaceutical companies, aiming to provide enhanced value through the development and distribution of novel specialty products [1][4] - The company, through its subsidiary Scienture, LLC, is dedicated to addressing unmet market needs across various therapeutic areas and market segments [4]
Scienture Holdings Announces Cancelation of ELOC
Globenewswire· 2025-06-17 12:05
Core Viewpoint - Scienture Holdings, Inc. has terminated its Equity Line of Credit facility to focus on the commercial launch of its first FDA-approved product, Arbli, expected in Q3 2025 [1][3][4]. Financial Decisions - The cancellation of the ELOC was effective as of May 22, 2025, and a post-effective amendment was filed to deregister 310,488 unsold shares of common stock [2]. - The management believes that this strategic decision will allow for a focus on finding more favorable financing terms to support the company's growth strategy [4]. Product Launch - Arbli is the first and only FDA-approved ready-to-use oral liquid losartan in the U.S., indicated for treating hypertension and related conditions in patients over 6 years old [3][4]. - The product is a peppermint-flavored suspension that does not require refrigeration and has a shelf life of 24 months at room temperature [5]. Company Overview - Scienture Holdings, Inc. operates through its subsidiaries, focusing on providing novel specialty pharmaceutical products to meet unmet market needs [6]. - The company aims to enhance value for patients, physicians, and caregivers through its unique product offerings [6].
SCIENTURE Announces Executive Leadership Transition
Globenewswire· 2025-05-22 12:05
Core Viewpoint - Scienture Holdings, Inc. has announced a leadership transition with Suren Ajjarapu stepping down as CEO and Chairman, to be succeeded by Dr. Shankar Hariharan and Dr. Narasimhan Mani, who are expected to drive the company forward in its next phase of growth [1][2][3]. Leadership Transition - Suren Ajjarapu has served the company for several years, leading significant growth and transformation, including the sale of the web-based market platform and the reverse merger that repositioned the company into specialty pharmaceutical product development [2][3]. - Dr. Shankar Hariharan and Dr. Narasimhan Mani have extensive experience with the company's FDA-approved assets and in the pharmaceutical industry, ensuring continuity and strategic alignment during this transition [3][4]. Future Direction - Dr. Hariharan expressed excitement about leading the company towards long-term value creation through strong science and operational agility, while Dr. Mani emphasized the importance of bringing novel therapies to market for transformative patient outcomes [4][5]. - Both leaders have a strong background in the pharmaceutical industry, with Dr. Hariharan having over 35 years of experience and Dr. Mani over 25 years, including involvement in the development and launch of notable products [4][5]. Company Overview - Scienture Holdings, Inc. focuses on providing enhanced value to patients, physicians, and caregivers through the development and commercialization of novel specialty products to meet unmet market needs [6][7]. - The company operates through its wholly owned subsidiary, Scienture, LLC, which is dedicated to developing unique specialty products across various therapeutic areas and market segments [6][7].
Scienture Holdings, Inc. Issues Annual Letter to Shareholders
Globenewswire· 2025-04-03 12:26
Core Insights - Scienture Holdings, Inc. has transitioned from a health services IT focus to a branded specialty pharmaceutical company, emphasizing the development of innovative specialty products [2][3] - The company has two FDA-approved products set for launch in the second half of 2025, including Arbli and REZENOPY, with a strong commercial operations strategy in place [3][9] - Scienture, LLC aims to address critical gaps in patient care through a diverse product pipeline and strategic partnerships, enhancing value for patients and healthcare systems [4][11] Company Transformation - The company completed a significant transformation by selling assets of its subsidiary TRXaDE Inc. for $22.5 million and merging with Scienture, Inc. in a deal valued at $103 million [2] - The focus has shifted to developing a novel specialty product pipeline, with plans to divest legacy subsidiaries related to healthcare IT and pharmaceutical wholesaling [3] Product Development - Scienture has achieved key milestones in product development, including the filing and approval of the NDA for Arbli and the acquisition of REZENOPY [6][8] - The company is developing multiple products, including an injectable pen for migraine treatment and a non-opioid pain management solution, with regulatory pathways being established [7] Business Development - Scienture has secured exclusive U.S. rights to launch REZENOPY, which is positioned as the most potent naloxone product available, with an estimated annual sales potential of $189 million [8] - The company is leveraging its industry networks to identify revenue opportunities and enhance its business development efforts [15] Commercial Operations - A robust commercial operations strategy is in place to support the launch of Arbli and REZENOPY, focusing on various functional areas such as digital marketing, payor contracting, and distribution [9][10] - The company aims to expand access and improve clinical outcomes through innovative product offerings and a flexible commercialization model [11] Future Outlook - Over the next 12 months, the company will concentrate on executing its commercial strategy, enhancing its workforce, and driving market performance [10][15] - The focus will be on creating value for patients, caregivers, and shareholders through innovative solutions and effective product launches [12]