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Windtree Announces Istaroxime Phase 2 Cardiogenic Shock Study Hits Enrollment Target for Planned Interim Analysis
Globenewswire· 2025-06-30 13:00
Core Insights - The SEISMiC C Study is the third study in the istaroxime cardiogenic shock development program, focusing on SCAI Stage C patients who are more severely ill [1][2] - Windtree Therapeutics has reached the planned enrollment of 20 patients for the interim analysis in the SEISMiC C study [1][3] - The study is a global, placebo-controlled, double-blinded trial assessing the safety and preliminary efficacy of istaroxime in combination with standard care [2][3] Study Design and Objectives - The primary endpoint is the systolic blood pressure profile over the first six hours of treatment, with additional measurements including cardiac function and vasopressor-inotrope score [2] - The interim analysis will focus on preliminary safety and tolerability, with no statistically significant efficacy signal expected at this stage [2] Company Strategy and Future Plans - The SCAI Stage C study is considered valuable for Phase 3 readiness of istaroxime, targeting an important patient population for future studies [3] - The company aims to differentiate istaroxime from currently available treatments and is progressing towards bringing the drug candidate to market [3] Product Information - Istaroxime is a first-in-class dual-mechanism therapy designed to improve both systolic and diastolic cardiac function, showing promise in previous Phase 2 studies [4] - The drug acts as a positive inotropic agent, enhancing myocardial contractility and facilitating myocardial relaxation [4] Company Overview - Windtree Therapeutics, Inc. is focused on becoming a revenue-generating company across multiple growing industries [5]
Windtree Announces Publication of Istaroxime Positive Phase 2 SEISMiC B Study
Globenewswire· 2025-06-16 12:00
Core Insights - The Phase 2 Istaroxime study demonstrated success across multiple endpoints, indicating potential for approval in targeted indications [1][3] - The primary endpoint of increasing systolic blood pressure was met, with additional benefits such as no increase in heart rate and preserved renal function [1][3] - Discussions are ongoing with multiple potential partners to fund the remaining clinical development, which could alleviate the company's cash burn in the cardiovascular pipeline [1][5] Company Developments - Windtree Therapeutics is nearing completion of the protocol design for a Phase 3 study in acute heart failure for a regional license partner, which will be fully funded by the licensee [2] - The early cardiogenic shock Phase 2 study, SEISMiC B, has been published, highlighting the safety and efficacy of intravenous Istaroxime for patients with pre-cardiogenic shock [2][4] - The cardiogenic shock market was valued at $1.25 billion in 2020, indicating significant market potential for Istaroxime [5] Clinical Study Results - Istaroxime significantly increased blood pressure within the first six hours of treatment, with effects persisting for 60 hours, and improved cardiac output without increasing heart rate or causing significant arrhythmias [3][7] - The drug has completed four positive Phase 2 studies, including two focused on early cardiogenic shock, showcasing a strong profile for potential innovation in treatment [4][5] - The upcoming SEISMiC C trial will assess more severe SCAI Stage C cardiogenic shock patients, aiming to complete the evaluation for the intended Phase 3 patient population [5]
Windtree Announces Plan for Cryptocurrency Treasury Policy
Globenewswire· 2025-06-03 20:05
Core Viewpoint - Windtree Therapeutics, Inc. plans to implement a cryptocurrency policy to accept cryptocurrency as a payment option and hold it as an asset, aligning with digital commerce trends [1][2][3] Company Strategy - The company is focused on becoming a revenue-generating entity while advancing innovative therapies for critical conditions and diseases [4] - Windtree is in discussions with groups specializing in Bitcoin and other cryptocurrencies to develop a treasury strategy [3] Cryptocurrency Policy - The cryptocurrency policy aims to allow the company to accept cryptocurrency payments and hold them long-term as a strategic asset [2][3] - The Board of Directors supports the development of this cryptocurrency policy, which is expected to be completed soon [3] Product Portfolio - Windtree's product candidates include istaroxime, a Phase 2 candidate for acute heart failure, and preclinical SERCA2a activators and precision aPKCi inhibitors for oncology applications [4]
Windtree Therapeutics Announces Istaroxime Presentation at European Society of Cardiology Heart Failure Conference
Globenewswire· 2025-05-19 12:00
Company Overview - Windtree Therapeutics, Inc. is a biotechnology company focused on generating revenue and advancing innovative therapies for critical conditions and diseases [4] - The company's product portfolio includes istaroxime, a Phase 2 candidate for acute heart failure and associated cardiogenic shock, as well as preclinical SERCA2a activators and precision aPKCi inhibitors for oncology applications [4] Istaroxime Data Presentation - Istaroxime data from the SEISMiC Extension Phase 2b study will be presented at the European Society of Cardiology Heart Failure 2025 Conference [1] - The presentation will focus on the safety and efficacy of intravenous istaroxime for patients with pre-cardiogenic shock [2] Clinical Significance - The positive results from the SEISMiC Extension Study are seen as crucial for advancing istaroxime toward Phase 3 trials for cardiogenic shock [2] - Istaroxime is positioned as a potential new treatment for cardiogenic shock, which is associated with high mortality, morbidity, and healthcare costs [2] Mechanism of Action - Istaroxime is a first-in-class dual-mechanism therapy that improves both systolic and diastolic cardiac function [3] - It acts as a positive inotropic agent, enhancing myocardial contractility and facilitating myocardial relaxation without increasing heart rate or causing significant cardiac rhythm disturbances [3]
Windtree Therapeutics Reports First Quarter 2025 Financial Results and Provides Key Business Updates
Globenewswire· 2025-05-16 12:00
Core Insights - Windtree Therapeutics is focused on becoming a revenue-generating company by acquiring FDA-approved assets and advancing its cardiology and oncology pipeline [2] - The company reported a first-quarter operating loss of $4.1 million, an improvement from a loss of $4.4 million in the same period last year [4] - Windtree has entered into a strategic transaction to acquire a multifamily residential property, which is expected to generate revenue while the company develops its biotech pipeline [6] Financial Performance - For Q1 2025, research and development expenses remained stable at $2.3 million compared to Q1 2024 [5] - General and administrative expenses decreased to $1.8 million from $2.1 million in the previous year, primarily due to reduced professional fees [7] - The net loss attributable to common stockholders was $5.0 million ($4.63 per share) for Q1 2025, compared to a net income of $10.2 million ($1,099.37 per share) in Q1 2024 [8] Business Developments - The company is advancing its istaroxime program for cardiogenic shock, with ongoing enrollment in a clinical study and plans for an interim analysis in Q3 2025 [2] - Windtree has established a partnership with a biopharmaceutical company in China to reduce production costs by nearly 65%, with anticipated revenue generation by the end of 2026 [2] - The company has expanded its patent estate for istaroxime and received a notice of allowance in acute heart failure from the U.S. Patent and Trademark Office [6] Cash Position - As of March 31, 2025, Windtree reported cash and cash equivalents of $1.2 million and current liabilities of $6.5 million, indicating sufficient resources to fund operations through May 2025 [9]
Windtree Therapeutics Announces Presentation of Preclinical Data on Istaroxime and a Selective SERCA2a Activator at the European Society of Cardiology Heart Failure Conference May 17, 2025
Globenewswire· 2025-05-12 12:00
Core Insights - Windtree Therapeutics, Inc. announced data on istaroxime and a selective SERCA2a activator demonstrating a reduction in arrhythmias in an animal study presented at the European Society of Cardiology Heart Failure Conference [1][2] - The study focused on the activation of SERCA2a to reduce calcium-dependent arrhythmias in a rat model induced by ischemia-reperfusion, identifying a potential mechanism for decreased arrhythmias [2] Company Overview - Windtree Therapeutics is a biotechnology company aiming to generate revenue and advance innovative therapies for critical conditions, with a focus on istaroxime, a Phase 2 candidate for acute heart failure and cardiogenic shock [6] - The company is also developing preclinical SERCA2a activators and precision aPKCi inhibitors for oncology applications, alongside a licensing business model with existing partnership out-licenses [6] Product Details - Istaroxime is a first-in-class dual-mechanism therapy that enhances both systolic and diastolic cardiac function, improving myocardial contractility and facilitating myocardial relaxation through SERCA2a activation [4] - Previous Phase 2 studies indicated that intravenous istaroxime significantly improves cardiac function and blood pressure without increasing heart rate or cardiac rhythm disturbances [4] Research and Development - The current research includes evaluating preclinical product candidates for heart failure, focusing on both oral and intravenous SERCA2a activators [5]
Windtree Announces Istaroxime Exclusivity and Intellectual Property Potential Strategy for US
Globenewswire· 2025-05-06 12:18
Core Insights - Windtree Therapeutics is advancing istaroxime, a potential treatment for cardiogenic shock, which may receive New Chemical Entity designation from the FDA, providing 7.5 years of U.S. exclusivity if approved [1][3] - Istaroxime has existing patents protecting its method of use until 2039 and a pending patent extending protection until 2043 [2] - The company is focused on the development of istaroxime, with an interim analysis of its Phase 2 study planned for Q3 2025 [3] Company Overview - Windtree Therapeutics is a biotechnology company aiming to generate revenue through innovative therapies for critical conditions, with istaroxime being a key candidate in its portfolio [5] - Istaroxime is a first-in-class dual-mechanism therapy designed to enhance both systolic and diastolic cardiac function, showing significant improvements in cardiac function and blood pressure in Phase 2 studies [4]
Windtree Announces Strategic Transaction to Drive Revenue Generation in Support of Ongoing Therapeutic Pipeline Development
Globenewswire· 2025-05-01 12:30
Core Viewpoint - Windtree Therapeutics is pursuing a new corporate strategy focused on acquiring revenue-generating assets, including real estate and small biotech companies with FDA-approved products, while continuing to develop its therapeutic pipeline [1][2][3] Group 1: Acquisition and Revenue Generation - Windtree has entered into an agreement to acquire a 436-unit multifamily residential property in Houston, Texas, which is expected to provide consistent rental revenue [1] - The acquisition will be funded primarily through non-recourse secured mortgage financing, with additional funding from preferred stock issuance [1] - The company aims to diversify and stabilize its revenue streams through this acquisition, reducing reliance on capital that could dilute stock value [3] Group 2: Corporate Strategy and Pipeline Development - The new corporate strategy includes the acquisition of assets that contribute revenue while continuing the development of unique drug candidates in cardiovascular and oncology spaces [2][3] - Windtree's product candidates include istaroxime, a Phase 2 candidate for acute heart failure, and preclinical candidates for heart failure and oncology applications [4] - The company is actively seeking multiple acquisition candidates that could provide near-term revenue and profits [3]
Windtree Therapeutics Reports Year-End 2024 Financial Results and Provides Key Business Updates
Globenewswire· 2025-04-15 12:00
Core Insights - Windtree Therapeutics, Inc. reported significant advancements in clinical development and business strategy for 2024, particularly focusing on its lead drug candidate, istaroxime, for treating cardiogenic shock [2][3] Business Development - The company announced positive results from the Phase 2 SEISMiC Extension Study of istaroxime in September 2024 and initiated the global SEISMiC C trial for more severely ill patients, with an interim assessment planned for Q3 2025 [3] - A new corporate strategy was launched to become a revenue-generating biotech through acquisitions of small companies with FDA-approved products, aiming to provide near-term value to shareholders [2][3] - Windtree entered a licensing partnership with Lee's Pharmaceutical for istaroxime and other drug candidates, enhancing its market reach in Greater China [2][3] Financial Performance - For the fiscal year ended December 31, 2024, research and development expenses increased to $16.3 million from $8.3 million in 2023, primarily due to a $7.5 million charge related to acquired in-process R&D [5] - General and administrative expenses decreased to $8.7 million from $9.2 million in 2023, attributed to reductions in stock-based compensation and personnel costs [6] - The company reported a net loss of $1.8 million for 2024, a significant improvement from a net loss of $20.3 million in 2023, influenced by non-cash gains on debt extinguishment and changes in fair value of common stock warrant liability [7][8] Intellectual Property and Regulatory Compliance - Windtree completed national phase filings for istaroxime patent applications in key markets, including the U.S., Germany, and China, strengthening its global intellectual property portfolio [9] - The company regained compliance with Nasdaq listing requirements, ensuring continued listing on the exchange [3] Cash Position - As of December 31, 2024, Windtree reported cash and cash equivalents of $1.8 million, with subsequent sales of common stock and warrant exercises providing additional liquidity [10]