Welcome to our dedicated page for Diamedica Therapeutics news (Ticker: DMAC), a resource for investors and traders seeking the latest updates and insights on Diamedica Therapeutics stock.
DiaMedica Therapeutics Inc. (Nasdaq: DMAC) is a clinical-stage biopharmaceutical company whose news flow centers on the development of DM199, a recombinant KLK1 protein candidate for preeclampsia, fetal growth restriction and acute ischemic stroke. Company updates frequently highlight progress in its clinical trials, regulatory interactions and financing activities that support these programs.
Investors following DMAC news can expect detailed reports on the Phase 2 investigator-sponsored trial of DM199 in preeclampsia, including interim data on blood pressure reduction, uterine artery blood flow and placental transfer findings. DiaMedica also issues news about the multi-part design of this trial, expansion cohorts, and plans to evaluate DM199 in women with early-onset fetal growth restriction.
Another major news theme is the ReMEDy2 Phase 2/3 trial in acute ischemic stroke, where DiaMedica provides enrollment updates and guidance on the timing of interim analyses. Regulatory milestones, such as the in-person pre-IND meeting with the U.S. Food and Drug Administration for a planned U.S. Phase 2 preeclampsia study and related non-clinical study requirements, are also covered in company press releases.
DiaMedica’s news feed additionally includes quarterly financial results, descriptions of its cash runway in relation to planned clinical studies, private placements and at-the-market offering arrangements. Corporate developments, such as participation in healthcare investor conferences, inducement equity grants and executive appointments in clinical leadership roles, appear regularly. For readers tracking DMAC, this news page offers a consolidated view of clinical, regulatory, financial and corporate announcements related to the company’s efforts in preeclampsia, fetal growth restriction and acute ischemic stroke.
DiaMedica Therapeutics (Nasdaq: DMAC) announced the completion of a $30 million private placement, selling 7.7 million shares at $3.92 each. This financing, yielding net proceeds of approximately $29.8 million, will bolster the company's balance sheet and support clinical trials for DM199, its lead program targeting acute ischemic stroke. Following this placement, DiaMedica's cash reserves will total around $51.1 million. The shares sold are unregistered under U.S. securities laws but will be registered for resale. DM199 is a synthetic form of KLK1, aimed at treating various serious conditions.
DiaMedica Therapeutics Inc. (Nasdaq: DMAC) has announced a definitive agreement for a $30 million private placement with ten accredited investors, priced at $3.92 per share, matching the closing price on
DiaMedica Therapeutics has initiated its ReMEDy2 Trial, a pivotal Phase 2/3 study of DM199 aimed at treating acute ischemic stroke (AIS). The trial will enroll 350 patients across 75 U.S. sites, focusing on a 24-hour treatment window. DM199 targets patients unable to use the traditional tPA treatment due to strict time constraints. The study will assess recovery and stroke recurrence rates, addressing a significant medical need for 700,000 U.S. stroke patients annually. This trial marks a potential breakthrough in stroke therapy, offering a new treatment modality in 25 years.
DiaMedica Therapeutics (NASDAQ: DMAC) will participate in three investor conferences from September 13 to September 23, 2021. The H.C. Wainwright 23rd Annual Global Investment Conference will take place from September 13-15, featuring one-on-one meetings and an on-demand presentation starting at 7:00 am ET. The Lake Street Capital Best Ideas Growth Conference is scheduled for September 14-15, followed by the Oppenheimer Fall Healthcare Life Sciences & Med Tech Summit from September 20-23, both including one-on-one meetings. For more details, visit their website.
DiaMedica Therapeutics Inc. (NASDAQ: DMAC) reported its second quarter 2021 financial results, highlighting progress in its clinical trials for DM199. The FDA accepted the IND application for a pivotal Phase 2/3 trial aimed at stroke recurrence prevention, with a projected initiation by summer 2021. Interim results from the REDUX trial showed a 33% reduction in UACR in patients with IgA Nephropathy. Despite increased R&D expenses totaling $2.2 million, cash reserves stand at $21.3 million. The company is addressing slower enrollment in clinical trials due to COVID-19 concerns.
DiaMedica Therapeutics Inc. (Nasdaq: DMAC) will release its Q2 2021 financial results post-market on August 11, with a live conference call scheduled for August 12 at 7:00 AM CT. The call aims to provide updates on business developments and financial outcomes. DiaMedica focuses on innovative treatments for neurological disorders and kidney diseases, specifically advancing its lead candidate DM199 in clinical trials for acute ischemic stroke and chronic kidney disease.
DiaMedica Therapeutics (Nasdaq: DMAC) announces that President and CEO Rick Pauls will meet with investors and participate in a fireside chat at the BTIG Virtual Biotechnology Conference on August 9, 2021, at 10:00 am ET. Pauls aims to discuss DiaMedica’s clinical development programs and business strategy. The company is focused on developing treatments for neurological disorders and kidney diseases, particularly through its lead candidate, DM199, which is in Phase 2/3 trials for acute ischemic stroke and a Phase 2 trial for chronic kidney disease.
DiaMedica Therapeutics (Nasdaq: DMAC) announced the election of Amy Burroughs and Dr. Charles Semba to its Board of Directors. Burroughs, currently President and CEO of Cleave Therapeutics, brings over 20 years of experience in commercial development and strategy. Dr. Semba, Chief Medical Officer at Eluminex Biosciences, has extensive drug development experience and has led key approvals including LUCENTIS and XIIDRA. Their expertise is expected to enhance DiaMedica's advancement of DM199 in pivotal trials for acute ischemic stroke and chronic kidney disease.
DiaMedica Therapeutics (Nasdaq: DMAC) announced positive interim results from its Phase 2 REDUX trial for DM199 in chronic kidney disease (CKD). The trial studied three cohorts with notable improvements in kidney function and blood pressure. Key findings include a 27% reduction in urine albumin-to-creatinine ratio (UACR) and a 2 ml/min increase in estimated glomerular filtration rate (eGFR) in African Americans. In IgA Nephropathy patients, UACR decreased by 33%. DM199 was well tolerated, with no severe adverse events reported. DiaMedica plans to advance into pivotal trials for acute ischemic stroke.
DiaMedica Therapeutics Inc. (Nasdaq: DMAC) announced the FDA's acceptance of its IND application for DM199, targeting Acute Ischemic Stroke (AIS). The ReMEDy2 Trial, a pivotal Phase 2/3 study, will assess DM199’s efficacy in improving outcomes for AIS patients lacking other treatment options. Following a Phase 2 study showing improved stroke outcomes and safety, the trial anticipates enrolling about 350 participants across 75 sites. The trial aims to restore low KLK1 levels, potentially reducing stroke recurrence and enhancing recovery, addressing a significant unmet medical need.
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