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Azitra (AZTR) Stock News, Jul-Sep 2024

AZTR NYSE

Azitra Inc. develops clinical-stage precision dermatology therapies built around engineered proteins and topical live biotherapeutic products. Its pipeline includes ATR-12, an engineered S. epidermidis program for Netherton syndrome; ATR-04, an engineered S. epidermidis candidate for EGFR inhibitor-associated rash; and ATR-01, a program targeting ichthyosis vulgaris through delivery of recombinant human filaggrin.

Azitra news commonly covers patent protection, preclinical and clinical program updates, scientific presentations, business results, financing activity, shareholder meeting matters, and NYSE American listing-compliance notices. Company updates also reference its microbial discovery platform, artificial intelligence and machine-learning screening tools, and the use of genetically engineered bacteria and proteins for dermatology applications.

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Azitra, Inc. (NYSE American: AZTR) announced a late-breaking presentation at the European Academy of Dermatology and Venereology (EADV) Congress 2024 in Amsterdam. Dr. Mary Spellman will present on September 26, 2024, discussing the development of ATR-04, a live biotherapeutic product for treating epidermal growth factor receptor (EGFR) inhibitor-induced dermal toxicity.

ATR-04 is an engineered Staphylococcus epidermidis strain designed to be safer by deleting an antibiotic resistance gene and controlling growth through auxotrophy. It targets EGFRi-associated skin toxicity, which affects approximately 150,000 patients in the United States. Azitra has an active IND for a Phase 1/2 clinical trial of ATR-04, which has received Fast Track designation from the FDA.

The presentation will cover ATR-04's preclinical development and details of the planned clinical trial. It will be available on Azitra's website after the event.

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Azitra (NYSE American: AZTR) has received Fast Track Designation from the FDA for ATR-04, a topical treatment for moderate to severe skin rash caused by Epidermal Growth Factor Receptor inhibitors (EGFRi). This designation recognizes the unmet medical need for treating EGFRi-associated dermal toxicity, which affects approximately 150,000 patients in the US, representing a $1 billion market opportunity.

ATR-04 is a live biotherapeutic product containing an engineered Staphylococcus epidermidis strain. Azitra plans to initiate a Phase 1/2 clinical trial by the end of 2024. The Fast Track status may accelerate ATR-04's development and review process, potentially offering cancer patients a much-needed alternative to current off-label treatments or therapy discontinuation.

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Azitra Inc. (NYSE American: AZTR), a precision dermatology company, has announced its participation in the H.C. Wainwright 26th Annual Global Investment Conference from September 9-11, 2024. Travis Whitfill, the company's COO, will present an overview of Azitra at the conference.

Key details:

  • The on-demand presentation will be available from September 9, 2024, at 7:00 a.m. ET
  • Company management will participate in one-on-one meetings during the event
  • The presentation will be held at the Lotte New York Palace Hotel, New York City
  • An archived replay will be available on Azitra's website for at least 30 days after the conference

This presentation offers investors an opportunity to gain insights into Azitra's operations and future prospects in the precision dermatology field.

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Azitra (NYSE American: AZTR) has initiated dosing in its Phase 1b clinical trial of ATR-12 for Netherton syndrome, a chronic genetic skin disease. The study will enroll about 12 adult patients with twice-daily treatment for 14 days, focusing on safety and tolerability as primary endpoints. Secondary endpoints include efficacy signals and biomarkers. Azitra expects to report interim safety data in early 2025 and full results in the second half of 2025.

ATR-12 is a proprietary strain of Staphylococcus epidermidis engineered to express therapeutic levels of an active LEKTI protein subunit. The multicenter, randomized, double-blind, vehicle-controlled study (NCT06137157) will treat patients with 109 CFU / g of ATR-12 or its vehicle control twice daily on contralateral body sides.

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Azitra (NYSE American: AZTR) has received FDA clearance for an IND application to conduct a Phase 1/2 clinical study of ATR-04, targeting moderate to severe EGFR inhibitor-associated dermal toxicity. This condition affects an estimated 150,000 patients in the US, representing a global market size exceeding $1 billion. ATR-04, a live biotherapeutic product, has shown promise in preclinical studies by reducing IL-36γ and Staphylococcus aureus, key factors in EGFRi-associated skin rash. The company plans to initiate a multicenter, randomized, controlled trial by the end of 2024. This development expands Azitra's clinical pipeline, addressing a significant unmet need for cancer patients receiving EGFR inhibitors who often experience severe skin side effects.

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Azitra (NYSE American: AZTR) has screened the first patient for its Phase 1b clinical trial of ATR-12, a potential treatment for Netherton syndrome. The trial aims to enroll 12 adult patients for a 14-day treatment period. Interim safety data is expected in early 2025, with full results anticipated in the second half of 2025.

ATR-12 is a proprietary strain of Staphylococcus epidermidis engineered to express therapeutic levels of an active LEKTI protein subunit. The trial's primary endpoints focus on safety and tolerability, while secondary endpoints assess efficacy signals and biomarkers. Recent preclinical data showed ATR-12's potential to reduce IL-36γ by 93% and significantly decrease protease activity in skin samples.

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Azitra, Inc. (NYSE American: AZTR), a clinical-stage biopharmaceutical company focused on precision dermatology, reported Q2 2024 financial results and provided business updates. Key highlights include:

1. Completed a $10 million follow-on offering, extending cash runway into 2025.
2. Strengthened global IP portfolio with new patents.
3. Presented positive preclinical data for ATR-04 and ATR-12.
4. Opened Phase 1b trial for ATR-12 in Netherton Syndrome.
5. Anticipates dosing first Netherton syndrome patient with ATR-12 in Q3 2024.
6. Expects to file and clear IND for ATR-04 in Q3 2024.
7. Plans to report initial ATR-12 Phase 1b safety data by year-end 2024.
8. Aims to dose first patient with ATR-04 for EGFRi rash by year-end 2024.
9. Expects topline data from ATR-12 Phase 1b trial in mid-2025.

Financial results: Q2 2024 service revenue $7,500, R&D expenses $1.1M, G&A expenses $1.5M, net loss $2.6M. Cash and equivalents as of June 30, 2024: $0.8M.

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Azitra, Inc. (NYSE American: AZTR), a clinical-stage biopharmaceutical company focused on precision dermatology, has successfully closed its $10.0 million public offering. The offering included 6,665,000 shares of common stock and Class A warrants to purchase up to 13,330,000 shares at a combined price of $1.50 per share and accompanying warrants.

The Class A warrants have an initial exercise price of $1.50 per share, are immediately exercisable, and will expire after five years. Maxim Group acted as the exclusive placement agent. Azitra plans to use the net proceeds for working capital and general corporate purposes. The offering was made pursuant to an effective SEC registration statement, with a final prospectus available on the SEC's website.

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Azitra, Inc. (NYSE American: AZTR), a clinical-stage biopharmaceutical company focused on precision dermatology, has successfully closed its public offering of 16,667,000 shares of common stock at $0.30 per share. The offering raised approximately $5 million in gross proceeds. ThinkEquity acted as the sole book-running manager for the offering. Azitra plans to use the net proceeds for clinical trials, product development, research and development, clinical manufacturing, working capital, and other general corporate purposes. The company has also granted underwriters a 45-day option to purchase up to an additional 2,500,000 shares to cover over-allotments.

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Azitra, Inc. (NYSE American: AZTR), a clinical-stage biopharmaceutical company focused on precision dermatology, has announced the pricing of a $10.0 million public offering. The offering includes 6,665,000 shares of common stock and Class A warrants to purchase up to 13,330,000 shares at a combined price of $1.50 per share and accompanying warrants. The warrants will have an initial exercise price of $1.50 per share, be immediately exercisable, and expire after five years. The offering is expected to close around July 25, 2024. Maxim Group is the exclusive placement agent. Azitra plans to use the net proceeds for working capital and general corporate purposes.

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FAQ

What is the current stock price of Azitra (AZTR)?

Azitra (AZTR) last closed at $0.0715.

What is the market cap of Azitra (AZTR)?

The market cap of Azitra (AZTR) is approximately $4.3M.