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CNS Pharmaceuticals, Inc. - CNSP STOCK NEWS

Welcome to our dedicated page for CNS Pharmaceuticals news (Ticker: CNSP), a resource for investors and traders seeking the latest updates and insights on CNS Pharmaceuticals stock.

CNS Pharmaceuticals, Inc. (NASDAQ: CNSP) is a Houston-based clinical-stage biopharmaceutical company established in 2017. The company is dedicated to developing novel anticancer drug candidates aimed at treating primary and metastatic cancers of the brain and central nervous system (CNS). Their lead drug candidate, Berubicin, is a pioneering anthracycline that distinguishes itself by its ability to cross the blood-brain barrier, offering new hope for patients suffering from glioblastoma multiforme (GBM), an aggressive and currently incurable form of brain cancer.

Berubicin has shown promise in initial trials, with the Phase I clinical trial completing successfully. As of now, Berubicin is being evaluated in a potentially pivotal study. The preliminary safety data was presented at the Society of NeuroOncology (SNO) 28th Annual Meeting, highlighting its comparability in patient demographics and safety with the control arm of the study. Encouragingly, the independent Data Safety Monitoring Board (DSMB) recommended the continuation of the trial without modification after a pre-planned interim futility analysis, signifying Berubicin’s acceptable efficacy and safety profile.

The company has also secured several important collaborations and licensing agreements, including partnerships with Houston Pharmaceuticals, Inc., the University of Texas M.D. Anderson Cancer Center, and WPD Pharmaceuticals Inc. These agreements bolster the development pipeline and provide access to cutting-edge research and development facilities.

Financially, CNS Pharmaceuticals is proactive in securing necessary funding for their research endeavors. Recent public offerings and strategic financial management have ensured operational continuity and support for their ongoing clinical trials. Despite the inherent risks and uncertainties of drug development, CNS Pharmaceuticals remains steadfast in their mission to develop effective cancer therapies.

Beyond Berubicin, CNS Pharmaceuticals continues to explore additional drug candidates and therapies to address various CNS oncology indications. The company's commitment to innovation and patient care positions it as a potential leader in the fight against some of the most challenging cancer types.

For more information, please visit www.CNSPharma.com and connect with the company on Twitter, Facebook, and LinkedIn.

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CNS Pharmaceuticals (NASDAQ:CNSP), a biopharmaceutical company focused on developing novel treatments for brain and central nervous system cancers, has announced its participation in the Virtual Investor Closing Bell Series. The event will take place on Wednesday, June 17, 2024, at 4:00 PM ET.

CEO John Climaco will provide a corporate overview and answer questions from participants during the live video webcast. Interested parties can access the event through the Company's website, with a replay available for 90 days following the presentation.

This virtual event offers an opportunity for investors and stakeholders to gain insights into CNS Pharmaceuticals' current developments and future plans in the field of cancer treatment.

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CNS Pharmaceuticals announced a registered direct offering and concurrent private placement, raising approximately $1.98 million before expenses. The company will sell 1,425,000 shares of common stock at $1.39 each, along with warrants to purchase an equal number of shares at $1.26 per share, exercisable immediately and expiring in 5 years. The closing is expected around July 5, 2024, pending customary conditions. Net proceeds will support working capital and general corporate purposes. The offering is conducted under an effective shelf registration statement and a private placement exemption.

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CNS Pharmaceuticals announced a registered direct offering and concurrent private placement, selling 568,000 shares of common stock and issuing warrants for an additional 568,000 shares. The combined purchase price per share and warrant is $2.45, with warrants exercisable at $2.32. The gross proceeds are expected to be around $1.39 million before expenses.

The offering will close around June 27, 2024, pending customary conditions. Net proceeds will go towards working capital and general corporate purposes. The shares will be issued under an effective shelf registration statement filed with the SEC, while the warrants will be issued under an exemption from registration requirements.

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CNS Pharmaceuticals (NASDAQ:CNSP) announced a securities purchase agreement with institutional investors, involving a registered direct offering of 366,000 shares of common stock and warrants to purchase up to another 366,000 shares. The combined purchase price is $3.75 per share, and the warrants have an exercise price of $3.62, expiring in 5 years. The offering is expected to close around June 17, 2024, bringing in gross proceeds of $1.37 million. The net proceeds will be used for working capital and general corporate purposes. The offering is based on a registration statement declared effective by the SEC on May 17, 2024.

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CNS Pharmaceuticals (NASDAQ: CNSP) announces a 1-for-50 reverse stock split effective June 4, 2024, aiming to boost per-share price and comply with Nasdaq's minimum share price listing requirement.

From June 5, 2024, CNSP shares will trade on a split-adjusted basis under the new CUSIP number 18978H300.

All outstanding common stock, warrants, equity-based awards, and other equity rights will be proportionally adjusted. No fractional shares will be issued; instead, stockholders entitled to fractional shares will receive the nearest whole number.

The par value of the stock remains $0.001, and the authorized shares remain at 300 million.

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CNS Pharmaceuticals, a biopharmaceutical company focused on brain and central nervous system cancer treatments, announced that its CEO, John Climaco, will participate in a fireside chat at Alliance Global Partner's 2024 Healthcare Company Showcase.

The event is scheduled for May 21, 2024, at 1:40 PM ET and will be webcast live on the company's website.

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CNS Pharmaceuticals (NASDAQ: CNSP) announced its financial results for Q1 2024, reporting a net loss reduction to $3.5 million from $4.9 million in Q1 2023. This decrease is attributed to lower research and general administrative expenses. The company's R&D expenses dropped to $2.4 million from $3.6 million, primarily due to the timing of its pivotal Berubicin trial costs.

General administrative expenses also decreased to $1.1 million. The company has completed enrollment for its Berubicin trial for glioblastoma multiforme (GBM) and expects topline data in H1 2025. Berubicin has received both Fast Track and Orphan Drug designations from the FDA. As of March 31, 2024, CNS had $0.8 million in cash.

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CNS Pharmaceuticals, Inc. (NASDAQ:CNSP) will be presenting at the LSX World Congress 2024 with CEO John Climaco discussing the company's focus on developing novel treatments for brain and CNS cancers. The presentation is scheduled for Monday, April 29th at 4:15 PM (GMT+1) in London, England, followed by one-on-one investor meetings.
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CNS Pharmaceuticals, Inc. (NASDAQ:CNSP) announced that Chief Executive Officer John Climaco will present at the Virtual Investor Lunch Break event, discussing the company's business outlook and the CNSP opportunity. Interested parties can submit questions live during the event, with a webcast available on the company's website for later viewing.
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CNS Pharmaceuticals, Inc. reports successful progress in Berubicin clinical development for the treatment of glioblastoma multiforme (GBM). The lead program passed interim futility analysis milestone, completed enrollment, and expects topline data by first half of 2025. Recent achievements include raising $4.0 million in a public offering, appointing Amy Mahery to the Board of Directors, and reaching key clinical development milestones.
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FAQ

What is CNS Pharmaceuticals' primary focus?

CNS Pharmaceuticals specializes in developing novel treatments for primary and metastatic cancers in the brain and central nervous system.

What is Berubicin?

Berubicin is CNS Pharmaceuticals' lead drug candidate, a novel anthracycline designed to treat glioblastoma multiforme (GBM) and other serious brain cancers by crossing the blood-brain barrier.

What makes Berubicin different from other cancer treatments?

Berubicin is the first anthracycline to appear to cross the blood-brain barrier, potentially making it more effective against brain cancers compared to traditional chemotherapy drugs.

What stage is Berubicin currently in?

Berubicin is currently undergoing a potentially pivotal study, with promising interim safety results and a recommendation to continue the trial without modification.

What recent achievements has CNS Pharmaceuticals reported?

CNS Pharmaceuticals recently completed planned enrollment for its Berubicin trial, received DSMB's recommendation to continue the study without modification, and announced positive interim safety data.

Who are CNS Pharmaceuticals' key partners?

CNS Pharmaceuticals has partnerships with Houston Pharmaceuticals, Inc., the University of Texas M.D. Anderson Cancer Center, and WPD Pharmaceuticals Inc.

What financial steps has CNS Pharmaceuticals taken recently?

CNS Pharmaceuticals has conducted public offerings to secure funding for its ongoing clinical trials and research and development efforts.

What designations has the FDA granted to Berubicin?

The FDA has granted Berubicin Fast Track Designation, enabling more frequent interactions for expediting development, and Orphan Drug Designation, which may provide seven years of marketing exclusivity upon approval.

What is the primary endpoint of the Berubicin study?

The primary endpoint is Overall Survival (OS), which the FDA recognizes as a basis for oncology drug approval when a statistically significant improvement is shown.

How does CNS Pharmaceuticals ensure the accuracy and safety of its trials?

CNS Pharmaceuticals relies on an independent Data Safety Monitoring Board (DSMB) to review interim data and ensure the safety and efficacy of its clinical trials.

CNS Pharmaceuticals, Inc.

Nasdaq:CNSP

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