Bucillamine

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Revive Therapeutics Announces Closing of Second Tranche of Private Placement
Globenewswire· 2025-09-19 21:00
Core Viewpoint - Revive Therapeutics Ltd. has successfully closed a second tranche of its private placement, raising gross proceeds of $91,400 by issuing 4,352,381 units at a price of $0.021 per unit [1][2]. Group 1: Private Placement Details - Each unit consists of one common share and one common share purchase warrant, with each warrant allowing the holder to acquire one common share at an exercise price of $0.05 for 36 months post-closing [2]. - The funds raised will be allocated for working capital and the payment of certain trade payables [2]. - All issued securities are subject to a hold period of four months and one day, expiring on January 19, 2026 [2]. Group 2: Company Overview - Revive Therapeutics is focused on developing innovative therapeutics for critical medical needs, leveraging FDA regulatory incentives for rapid advancement and market entry [3]. - The company is currently concentrating on the potential of Bucillamine for infectious diseases and medical countermeasures, including treatments for nerve agent exposure [3]. - Revive is also advancing its Psilocybin and molecular hydrogen therapeutic programs, exploring new frontiers in medical science [3].
Revive Therapeutics Announces Closing of Second Tranche of Private Placement
Globenewswire· 2025-09-19 21:00
Core Insights - Revive Therapeutics Ltd. has successfully closed a second tranche of its private placement, issuing 4,352,381 units at a price of $0.021 per unit, resulting in gross proceeds of $91,400 [1][2] Group 1: Private Placement Details - Each unit consists of one common share and one common share purchase warrant, with each warrant allowing the holder to acquire one common share at an exercise price of $0.05 for 36 months post-closing [2] - The gross proceeds from this private placement will be allocated for working capital and the payment of certain trade payables [2] - All securities issued are subject to a hold period of four months and one day, expiring on January 19, 2026 [2] Group 2: Company Overview - Revive Therapeutics is focused on developing innovative therapeutics for critical medical needs, leveraging FDA regulatory incentives for rapid advancement and market entry [3] - The company is currently concentrating on the potential of Bucillamine for infectious diseases and medical countermeasures, including treatments for nerve agent exposure [3] - Revive is also advancing its Psilocybin and molecular hydrogen therapeutic programs, exploring new frontiers in medical science [3]
Revive Therapeutics Announces Extension of Proposed Private Placement
Globenewswire· 2025-09-05 23:50
Core Viewpoint - Revive Therapeutics Ltd. is extending its private placement offering to raise up to $650,000, with a first tranche already closed generating $60,900 [1][3]. Group 1: Private Placement Details - The private placement consists of up to 30,952,381 units priced at $0.021 per unit, with gross proceeds expected to be up to $650,000 [1]. - A first tranche of 2,900,000 units was issued at the same price, resulting in total gross proceeds of $60,900 [1]. - The company may close an additional $589,000 worth of units as part of this offering [1]. Group 2: Unit Composition and Terms - Each unit includes one common share and one common share purchase warrant, allowing the holder to acquire one common share at an exercise price of $0.05 for 36 months post-closing [2]. - The issue price per unit is based on the 20-day volume-weighted average price (VWAP) of shares traded on the CSE [2]. Group 3: Use of Proceeds - Gross proceeds from the private placement will be allocated for working capital and payment of certain trade payables [3]. - The private placement may close in multiple tranches, subject to customary closing conditions [3]. Group 4: Company Overview - Revive Therapeutics is focused on developing innovative therapeutics for critical medical needs, leveraging FDA regulatory incentives for rapid advancement [4]. - The company is currently concentrating on Bucillamine for infectious diseases and medical countermeasures, as well as advancing Psilocybin and molecular hydrogen therapeutic programs [4].
Revive Therapeutics Announces Closing of First Tranche of Private Placement and Debt Settlement
Globenewswire· 2025-08-11 23:28
Core Viewpoint - Revive Therapeutics Ltd. has successfully closed the first tranche of its private placement offering, raising a total of $60,900 through the issuance of 2,900,000 units at a price of $0.021 per unit, while also settling a note payable through the issuance of additional units [1][2][3]. Group 1: Offering Details - The first tranche of the offering consisted of 2,900,000 units, generating gross proceeds of $60,900 for the company [1]. - Each unit comprises one common share and one common share purchase warrant, with the warrant allowing the holder to acquire one common share at an exercise price of $0.05 for 36 months [2]. - The company issued an additional 3,209,523 units to settle a note payable of $67,400, maintaining the same issue price of $0.021 per unit [1][3]. Group 2: Use of Proceeds - The gross proceeds from the offering will be allocated for working capital and the payment of certain trade payables [2]. Group 3: Compensation Options - In connection with the offering, the company issued 100,000 compensation options to an investment dealer, allowing the dealer to purchase units at a price of $0.05 for 18 months [4]. - Each compensation unit consists of one common share and one-half of a common share purchase warrant, with the whole warrant allowing acquisition of one compensation share at an exercise price of $0.05 for 36 months [5]. Group 4: Company Overview - Revive Therapeutics is focused on developing innovative therapeutics for critical medical needs, leveraging FDA regulatory incentives for rapid advancement and market entry [6]. - The company is currently concentrating on the potential of Bucillamine for infectious diseases and medical countermeasures, as well as advancing its Psilocybin and molecular hydrogen therapeutic programs [6].
Revive Therapeutics Announces Proposed Private Placement and Debt Settlement
GlobeNewswire News Room· 2025-07-31 00:21
Core Viewpoint - Revive Therapeutics Ltd. is proposing a private placement offering of up to 30,952,381 units at a price of $0.021 per unit, aiming for gross proceeds of up to $650,000, while also settling a note payable of $67,400 through the issuance of additional units at the same price [1][3]. Group 1: Private Placement Details - The private placement will consist of units, each comprising one common share and one common share purchase warrant, with warrants allowing the purchase of one common share at an exercise price of $0.05 for 36 months post-closing [2]. - The gross proceeds from the offering will be allocated for working capital and settling certain trade payables, with the potential for the placement to close in multiple tranches [3]. Group 2: Closing Conditions and Securities - The closing of the private placement and debt settlement is subject to customary closing conditions, with the company intending to close as soon as practicable [4]. - All securities issued will be subject to a hold period of four months and one day from the issuance date [4]. Group 3: Company Overview - Revive Therapeutics is focused on developing innovative therapeutics for critical medical needs, prioritizing its drug development pipeline to leverage FDA regulatory incentives for rapid advancement and market entry [5]. - Current efforts are concentrated on the potential of Bucillamine for infectious diseases and medical countermeasures, alongside advancing Psilocybin and molecular hydrogen therapeutic programs [5].
Revive Therapeutics Clarifies Completion of Key Nerve Agent Countermeasure Study
Globenewswire· 2025-07-08 21:10
Core Viewpoint - Revive Therapeutics Ltd. is conducting a research study on Bucillamine as a potential treatment for nerve agent exposure in collaboration with Defence R&D Canada [1][2] Group 1: Research Study Details - The research study on Bucillamine is set to continue through September 2025, with findings to be shared only with DRDC's authorization [2] - Future research collaborations with DRDC will only be considered after the current study concludes and if results are satisfactory [2] Group 2: Company Overview - Revive Therapeutics focuses on developing therapeutics for infectious diseases and medical countermeasures, leveraging FDA regulatory incentives like Emergency Use Authorization and Breakthrough Therapy designations [3] - The company is also exploring Bucillamine for long COVID treatment and advancing Psilocybin and molecular hydrogen therapeutics [3]
Revive Therapeutics Nears Completion of Key Nerve Agent Countermeasure Study with Canadian Department of National Defence Highlighting Significant Stockpiling Opportunity
Globenewswire· 2025-06-26 11:00
Core Insights - Revive Therapeutics is advancing research on Bucillamine as a treatment for nerve agent exposure in collaboration with Defence R&D Canada, with the study expected to conclude by September 2025 [1][2] - Bucillamine has potential applications in treating traumatic brain injury and mitigating the effects of chemical exposure, making it a critical medical countermeasure in current geopolitical climates [2][5] - The company aims to secure government contracts for stockpiling Bucillamine as a nerve agent countermeasure, targeting significant market opportunities with Western governments [6][9] Company Overview - Revive Therapeutics focuses on developing therapeutics for infectious diseases and medical countermeasures, leveraging regulatory incentives from the FDA [10] - The company is also exploring Bucillamine for long COVID and advancing other therapeutic programs, including Psilocybin and molecular hydrogen [10] Market Opportunity - The global market for nerve agent countermeasures is driven by government defense spending, particularly in light of ongoing conflicts and the need for soldier survivability [4][5] - Successful approval of Bucillamine could lead to lucrative procurement contracts with the Canadian government and its allies, representing a substantial market opportunity [6][13] Research and Development - Bucillamine is recognized for its safety profile and antioxidant properties, which may protect against neurological damage from nerve agents [3] - The ongoing study with DRDC is a critical milestone, with potential expedited regulatory pathways for approval and stockpiling initiatives anticipated in 2026 [2][13]
Revive Therapeutics Advances with Next-Generation Bucillamine Development
Globenewswire· 2025-06-04 10:55
Core Insights - Revive Therapeutics Ltd. is advancing its next-generation lyophilized formulation of Bucillamine, developed in collaboration with the University of Waterloo, to address significant unmet medical needs and create shareholder value [1][6] Strategic Development - The company is targeting public health emergencies, including pandemic influenza and emerging infectious diseases, while pursuing FDA incentives such as Emergency Use Authorization and Orphan Drug Designation to facilitate rapid market entry [2][6] Product Potential - Bucillamine has FDA Orphan Drug Designation for ischemia-reperfusion injury following solid organ transplantation, awarded in 2022, indicating its promise and potential for accelerated development [3] - Research suggests Bucillamine may enhance solid tumor treatments in cancer, with interest from a prominent clinical researcher to investigate its anti-tumor effects in patients with advanced solid tumors [3] Partnerships and Research - Revive is collaborating with Defence R&D Canada on a study evaluating Bucillamine for nerve agent exposure, with positive results expected by June 2025, potentially leading to human clinical trials and subsequent FDA and Health Canada approvals [4] - The potential applications of Bucillamine also include traumatic brain injury and viral infections, expanding its market potential [4] Ongoing Developments - The company is in the process of settling a previously announced arbitration award with LTS Lohmann Therapie-System AG [5]
Revive Therapeutics Announces Results of Annual Shareholder Meeting
Globenewswire· 2025-03-19 13:14
Core Points - Revive Therapeutics Ltd. held its annual and special meeting of shareholders on March 18, 2025, where voting results were announced [1] - Shareholders elected new board members and approved the continuation of the 10% rolling incentive stock option plan [2][6] - The Board of Directors decided not to proceed with a proposal to amend the Company's articles of incorporation for share consolidation based on shareholder feedback [2] Company Overview - Revive Therapeutics is focused on developing therapeutics for infectious diseases, rare disorders, and medical countermeasures [3] - The company is leveraging regulatory incentives from the FDA, including Emergency Use Authorization and Breakthrough Therapy designations, to advance its drug development [3] - Current research includes the use of Bucillamine for nerve agent exposure and long COVID, as well as Psilocybin-based therapeutics [3]