Welcome to our dedicated page for DEVONIAN HEALTH GROUP news (Ticker: DVHGF), a resource for investors and traders seeking the latest updates and insights on DEVONIAN HEALTH GROUP stock.
Devonian Health Group Inc. reports developments as a clinical-stage biopharmaceutical company focused on therapies for fibro-inflammatory diseases. Company news centers on Thykamine™, including preclinical data in MASH and pulmonary fibrosis models, anti-inflammatory and anti-fibrotic research, intellectual-property filings, manufacturing controls and its radiodermatitis prevention program.
Recurring updates also cover Devonian's cosmeceutical activities, its Quebec extraction facility and Altius Healthcare Group LP, a commercialization subsidiary that sells licensed prescription pharmaceutical products in Canada. Corporate news includes financial results, board and management changes, shareholder meeting outcomes, stock-option grants and capital-structure actions such as its common-share consolidation.
Devonian Health Group announced positive results from the Phase 2 trial of Thykamine™ for treating mild-to-moderate Atopic Dermatitis (AD), published in the Journal of Drugs in Dermatology. In this multicenter trial involving 162 patients, 30.8% achieved clear/almost clear skin compared to 6.7% in the placebo group. Statistically significant improvements were also observed in pruritus, Body Surface Area, and Patient-Oriented Eczema Measure scores. Thykamine™ demonstrated rapid action and was well tolerated, positioning it as a promising treatment in a market expected to exceed $21.8 billion by 2027.
Devonian Health Group Inc. (OTCQB: DVHGF) announced the issuance of 87,840 units at $0.40 each to settle interest owed to debenture holders from a private placement dated August 31, 2018, totaling $35,136. Each unit comprises a subordinate voting share and a warrant priced at $0.52 for a four-year period. The issuance awaits approval from the TSX Venture Exchange and is subject to a four-month hold period. Devonian specializes in developing botanical pharmaceuticals for autoimmune diseases and has a state-of-the-art extraction facility in Quebec.
Devonian Health Group Inc. (TSXv: GSD; OTCQB: DVHGF) announces significant executive changes as it enters a growth phase. Pierre Montanaro is appointed as President & CEO, while Sybil Dahan becomes Chairman of the Board. This restructuring also impacts Altius Healthcare Inc., where Montanaro will serve as CEO. The company granted stock options at $0.50 each, totaling 500,000 for Montanaro. Additionally, Devonian settled interest on a convertible debenture to Aspri Pharma, issuing units worth $49,589, while repaying a $1 million principal. Devonian focuses on botanical pharmaceuticals and cosmeceuticals.
Devonian Health Group Inc. announced the acceptance for publication of positive Phase 2 trial results for Thykamine™ in treating mild-to-moderate Atopic Dermatitis in the Journal of Drugs in Dermatology. Conducted in 162 patients, the trial demonstrated significant efficacy, particularly with the 0.10% cream formulation, which showed statistical significance across primary and secondary endpoints. This publication highlights the potential of Thykamine™ as an effective botanical treatment amidst rising global demand for Atopic Dermatitis therapies, predicted to surpass $21.8 billion by 2027.
Devonian Health Group Inc. (TSXV: GSD; OTCQB: DVHGF) announced shareholder approval for a new Restricted Share Unit Plan (RSU Plan) at its annual meeting on February 25, 2022. The plan allows granting of restricted share units to various corporate personnel, capped at 10% of outstanding shares, approximately 10,908,701 shares. This RSU Plan is pending approval from the TSX Venture Exchange. Devonian focuses on developing botanical pharmaceutical products for treating autoimmune diseases, with its flagship product, Thykamine, ready for phase 3 clinical development.
Devonian Health Group Inc. has commenced quoting its shares on the OTCQB under the symbol DVHGF, while continuing its listing on the TSXv as GSD. This move enhances access to a broader range of U.S. investors and potentially improves liquidity and trading experience. The OTCQB is a reputable platform for early-stage companies, ensuring transparency and adherence to high financial standards. Additionally, eligibility for DTC facilitates easier trading and settlement, further supporting Devonian's strategic growth in the botanical pharmaceutical sector.