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Nutriband Inc. Quarterly Report Highlights Record Revenue for Q2, 2025 up 50.87% YOY and Strategic Progress Toward NDA Filing for AVERSA Fentanyl
Globenewswire· 2025-09-10 13:15
Core Insights - Nutriband Inc. reported strong financial results for the six months ended July 31, 2025, with a cash position of $6.9 million and total assets valued at $10.17 million, supporting the development of its lead product, AVERSA™ Fentanyl [1][5] - The company achieved record revenue of $1,289,884 from its kinesiology tape contract manufacturing services, reflecting a year-over-year increase of 50.87% [2] - AVERSA Fentanyl is on track for development, with the NDA relying on a single phase 1 Human Abuse Potential study, eliminating the need for Phase 2 or Phase 3 trials before submission [3] Product Development - AVERSA Fentanyl could become the first and only abuse-deterrent transdermal patch globally, with estimated peak annual sales potential ranging from $80 million to $200 million [4] - The second application, AVERSA Buprenorphine, is projected to reach peak annual sales of up to $130 million [4] - The company emphasizes its AVERSA™ technology, designed to prevent abuse, misuse, and accidental exposure of drugs with abuse potential [6] Financial Position - As of July 31, 2025, Nutriband's stockholders' equity amounted to $8.5 million, indicating a solid financial foundation for ongoing development and commercialization efforts [5]
Nutriband Inc. Quarterly Report Highlights Record Revenue for Q1, 2025 up 63% YOY and Strategic Progress Toward NDA Filing for AVERSA Fentanyl
Globenewswire· 2025-06-02 12:00
Core Insights - Nutriband Inc. reported a record revenue of $667,000 for Q1 2025, reflecting a 63% year-over-year increase [2] - The company is expanding its kinesiology tape production through its Pocono Pharma subsidiary, focusing on penetration pricing to establish partnerships with major retail brands [2] - Nutriband is advancing the development of AVERSA Fentanyl through a partnership with Kindeva Drug Delivery, aimed at regulatory approval and commercialization [3] Financial Performance - The first quarter revenue of $667,000 represents a significant growth of 63% compared to the same period last year [2] - The increasing revenue from Pocono is crucial for enhancing shareholder value [2] Product Development - AVERSA Fentanyl is being developed as the world's first abuse-deterrent opioid patch, which aims to reduce the risk of misuse and accidental exposure [4] - The potential peak annual sales for AVERSA Fentanyl in the U.S. are estimated to be between $80 million and $200 million [4] - The partnership with Kindeva Drug Delivery involves shared development costs and milestone payments, facilitating the advancement of Nutriband's transdermal drug delivery solutions [3]
Nutriband CEO Publishes Letter to Shareholders
Globenewswire· 2025-04-30 11:30
Core Insights - Nutriband Inc. has made significant progress in the commercialization of its AVERSA technology, aimed at improving the safety of transdermal drugs prone to abuse, particularly pain medications [4][6][10] Company Achievements - The company has established a partnership with Kindeva Drug Delivery to develop AVERSA Fentanyl, which is expected to be the first opioid pain patch with abuse deterrent properties [5][8] - Nutriband has expanded its intellectual property portfolio, securing patents in 46 countries, including recent approvals in China, Hong Kong, and the United States [9][15] - The company raised $8.4 million in April 2024 through a non-brokered private placement, primarily from existing shareholders, to support its development efforts [8] Financial Outlook - AVERSA Fentanyl is projected to achieve peak annual sales between $80 million and $200 million, while AVERSA Buprenorphine is estimated to reach peak sales of $70 million to $130 million [6] - The Pocono Pharma subsidiary is expected to have a strong revenue year in 2025 due to expanding collaborations in contract manufacturing services [11] Future Goals - Nutriband aims to initiate a pivotal Human Abuse Liability clinical trial for AVERSA Fentanyl in 2025, supporting an NDA filing with the FDA [10] - The company plans to explore international partnerships for its AVERSA intellectual property as it approaches the NDA filing [10]