Edesa Biotech Inc Stock Price, News & Analysis

Edesa Biotech reported favorable final results from the Phase 2 study of its monoclonal antibody candidate EB05 for treating Covid-19 induced ARDS. The study demonstrated an 84% reduction in mortality risk at 28 days for critically ill patients receiving EB05 compared to placebo (7.7% vs. 40%, p=0.04). A Clinical Study Report has been submitted to the FDA, and the company is advancing to Phase 3 trials.

EB05 may address significant unmet needs in ARDS treatment caused by various pathogens. The study was partially funded by a C$14 million government grant.

Edesa Biotech (NASDAQ:EDSA) announced that CEO Par Nijhawan will present at the H.C. Wainwright Global Investment Conference in New York from September 12-14, 2022. The presentation is scheduled for September 12 at 10:00 am Eastern Time, and slides will be available on the Edesa website. Edesa is focused on developing treatments for inflammatory diseases, with key products, EB05 for ARDS and EB01 for chronic allergic contact dermatitis, in late-stage studies.

Edesa Biotech (NASDAQ:EDSA) has completed patient recruitment for its Phase 2b clinical study of EB01, a non-steroidal anti-inflammatory drug candidate for moderate-to-severe chronic Allergic Contact Dermatitis. The primary endpoint is expected to be reached within 30 days, with topline data anticipated by year-end. The company is exploring out-licensing opportunities outside North America and prioritizing future clinical studies for EB01. Interim results show promising efficacy, with significant differences reported in key endpoints compared to placebo, and no serious adverse events were recorded.

Edesa Biotech (NASDAQ:EDSA) reported financial results for Q3 and nine months ended June 30, 2022. The company expanded its Phase 3 drug study for Covid-19 patients and confirmed robust recruitment for its Phase 2b dermatology study. Q3 operational expenses decreased to $5.80 million, while net loss was $5.79 million. For the nine months, total operating expenses dropped to $15.53 million, with a net loss of $14.74 million. Edesa holds $12.81 million in cash, with plans to participate in the H.C. Wainwright Global Investment Conference in September 2022.

Edesa Biotech (NASDAQ:EDSA), a clinical-stage biopharmaceutical company focused on inflammatory and immune-related diseases, will partake in the BTIG Biotechnology Conference in New York on August 8-9, 2022. This hybrid event allows for both virtual and in-person attendance. Interested parties can connect with Edesa through BTIG representatives or via email at investors@edesabiotech.com. Edesa is advancing two critical product candidates, EB05, targeting Acute Respiratory Distress Syndrome, and EB01, for chronic allergic contact dermatitis.

Edesa Biotech, focusing on inflammatory and immune-related diseases, will present at the 2nd Annual ARDS Drug Development Summit on July 14, 2022, in Boston. CEO Par Nijhawan is set to discuss the EB05 drug candidate, a potential treatment for Acute Respiratory Distress Syndrome (ARDS), highlighting its Phase 2/3 clinical trial design influenced by Covid-19. Edesa's EB05 has shown a promising 68.5% reduction in mortality among critically ill Covid-19 patients. Additionally, the press release provides insights into the company's clinical programs for EB01 and their ongoing studies.

Edesa Biotech (Nasdaq: EDSA) has initiated enrollment for a second cohort in the Phase 3 study of its monoclonal antibody EB05, targeting Covid-19-induced Acute Respiratory Distress Syndrome (ARDS). This cohort includes hospitalized patients on invasive mechanical ventilation. The aim is to utilize EB05 earlier to reduce ICU stays and mortality. Recruitment is ongoing for approximately 500 subjects, with primary endpoints focusing on ventilator-free days and mortality rates at 28 and 60 days. Regulatory approval has been secured in Canada, Colombia, and Poland, with discussions ongoing in the U.S.

Edesa Biotech (NASDAQ:EDSA), a clinical-stage biopharmaceutical company focused on inflammatory and immune-related diseases, announced that CEO Par Nijhawan, MD, will present virtually at the H.C. Wainwright Global Investment Conference from May 23-26, 2022. An on-demand presentation will be available from May 24 at 7:00 am ET on the Edesa website. Additionally, senior management will hold one-on-one meetings with attendees. Edesa is developing lead candidates EB05 and EB01 for ARDS and chronic allergic contact dermatitis, respectively.

Edesa Biotech (NASDAQ:EDSA) reported financial results for the first half of 2022, highlighting a net loss of $8.95 million, or $0.66 per share, an increase from a loss of $4.90 million in 2021. Operating expenses decreased to $9.74 million, attributed to lower R&D costs which fell to $6.99 million. The Phase 3 study for its Covid-19 treatment is underway, with over 25% of subjects randomized, and its dermatology study is 75% enrolled. The company raised approximately $11.6 million to strengthen its balance sheet, facilitating clinical advancements.