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Eupraxia Pharmaceuticals Inc. develops locally delivered, extended-release drug candidates using its proprietary Diffusphere technology, a polymer-based microsphere platform for targeted, controlled delivery. The company's news centers on clinical development of EP-104GI in eosinophilic esophagitis and EP-104IAR in knee osteoarthritis pain, including RESOLVE trial data, tissue-health and symptom measures, endoscopic and histologic scoring, and scientific conference presentations.
Recurring updates also cover financial results, clinical-supply and balance-sheet commentary, investor conference activity, and governance changes as Eupraxia advances its gastrointestinal and pain-focused development programs on Nasdaq and the TSX under EPRX.
Eupraxia Pharmaceuticals Inc. (TSX: EPRX) (NASDAQ: EPRX) has announced a new C$12 million convertible debt facility with Yabema Capital and other current shareholders. The facility is available for drawdown within 120 days, subject to the release of the existing SVB Facility. The conversion price is set at C$4.84375 per Common Share.
The company has also provided an update on its existing SVB Facility, which matured on June 21, 2024, with a total liability of C$12 million. Eupraxia has fully discharged C$6 million to SVB Innovation Credit Fund and is in discussions for the remaining settlement. The company's cash reserves will be reduced by up to C$12 million to settle this debt.
Including the new convertible debt facility, Eupraxia anticipates having sufficient cash to fund operations until the second quarter of 2025.
Eupraxia Pharmaceuticals (TSX: EPRX, NASDAQ: EPRX) announces that Dr. Amanda Malone, Chief Operating and Scientific Officer, will present at the Controlled Release Society 2024 Annual Meeting and Expo in Bologna, Italy, from July 8-12, 2024.
The presentation, titled 'EP-104, a novel microparticle formulation achieving extended-release of fluticasone propionate,' will occur on July 10, 2024, from 9:00 AM to 11:00 AM CEST (3:00 AM to 5:00 AM ET) during the 'Long-Acting Drug Delivery Formulations - Session #2'. The presentation can be accessed online at Eupraxia's website.
Eupraxia Pharmaceuticals (TSX: EPRX, NASDAQ: EPRX), a clinical-stage biotech firm utilizing its proprietary DiffuSphere™ technology, announced that its CEO, Dr. James A. Helliwell, will present at a Tribe Public Webinar titled, "Exploring The Rapid Rise of Osteoarthritis." The event is set for July 9, 2024, at 8:30 am PT / 11:30 am ET. Osteoarthritis is a leading cause of disability among older adults, with knee OA affecting over 30 million people in the U.S. alone. Registration for this public event is open, and questions for Dr. Helliwell can be submitted via Tribe Public’s email or ZOOM chat during the event. John F. Heerdink, Jr. from Tribe Public will moderate the session.
Eupraxia Pharmaceuticals, a clinical-stage biotech firm, announced the results of its Annual General and Special Meeting of Shareholders held on June 6, 2024. All six board nominees were elected, with votes overwhelmingly in favor. KPMG LLP was appointed as the auditor, and several business items, including stock option plans and potential share consolidations, were approved. Eupraxia focuses on extended-release drug delivery through its DiffuSphere™ technology. The company recently completed a successful Phase 2b trial for osteoarthritis and is expanding into gastrointestinal treatments with ongoing trials.
Eupraxia Pharmaceuticals announced that it will present data from its Phase 2 SPRINGBOARD study on EP-104IAR, a treatment for knee osteoarthritis, at the EULAR European Congress of Rheumatology 2024 in Vienna, Austria. The study assesses the efficacy of a long-acting fluticasone propionate intra-articular injection compared to a vehicle placebo. The presentation, under programme number OP0274, will occur on June 14, 2024, from 10:50 AM to 11:00 AM CEST. Further details will be available on the company's website.
Eupraxia Pharmaceuticals announced the expansion of its RESOLVE Phase 1b/2a trial for EP-104GI to treat eosinophilic esophagitis (EoE). Encouraging early-phase results with eight of nine patients responding positively and exhibiting good safety profiles spurred this decision. The expansion will allow for higher doses and longer follow-up periods, now up to 52 weeks. The study will include more participants, increasing from 12-15 to 27-33. Additional clinical sites will be established to support the new recruitment targets. The trial aims to gather data to support a potential registration trial in 2025.
Eupraxia Pharmaceuticals will host a virtual key opinion leader (KOL) event on May 29, 2024, at 10:00 AM ET to discuss their EP-104GI clinical development program for Eosinophilic Esophagitis (EoE). The event will feature Dr. Evan S. Dellon, a leading expert from the University of North Carolina, alongside company management. The focus will be on data from the Phase 1b/2a RESOLVE trial and the potential of Eupraxia's DiffuSphere™ technology to enhance treatment outcomes for EoE patients. A live Q&A session will follow.
Eupraxia Pharmaceuticals announced positive data from its Phase 1b/2a RESOLVE trial of EP-104GI for eosinophilic esophagitis (EoE). Results from the first and second cohorts showed potential efficacy up to 24 weeks, with improved symptom outcomes and reduced eosinophil counts. The third cohort, receiving a higher dose, also reported symptom improvements at 12 weeks. The treatment demonstrated a strong safety profile with only mild to moderate adverse events. Eupraxia plans to continue data disclosure as the trial progresses.
Eupraxia Pharmaceuticals (TSX: EPRX, NASDAQ: EPRX) announced that it will present initial results from its ongoing Phase 1b study of EP-104GI at the Digestive Disease Week (DDW) Annual Meeting 2024, held in Washington, D.C., from May 18-21, 2024.
The study focuses on treating eosinophilic esophagitis using EP-104GI, a long-acting injectable suspension of fluticasone propionate. Chief Scientific Officer Amanda Malone, PhD, will deliver a poster presentation on May 18, 2024.
The presentation details are: Abstract: 4031521, Session Type: Poster Session, Session Title: Eosinophilic Esophagitis and Gastroenteritis: Clinical, and Session Date & Time: May 18, 2024, from 12:30 PM to 1:30 PM EDT (UTC –4).
Further details will be available on Eupraxia's website.
Eupraxia Pharmaceuticals reported its first quarter 2024 financial results and provided a corporate update, highlighting achievements such as listing on Nasdaq, progress in clinical studies, and financial performance. Notable milestones include the presentation of positive clinical data, initiation of Phase 3 development programs, and securing funding through public offerings. The company's focus on optimizing drug delivery technology and advancing treatments for conditions like osteoarthritis shows promise for future growth and development.