Welcome to our dedicated page for Grace Therapeutics news (Ticker: GRCE), a resource for investors and traders seeking the latest updates and insights on Grace Therapeutics stock.
Grace Therapeutics, Inc. develops specialty biopharmaceutical products led by GTx-104, a clinical-stage injectable formulation of nimodipine for intravenous infusion in patients with aneurysmal subarachnoid hemorrhage, or aSAH. The company’s updates center on the GTx-104 New Drug Application, FDA correspondence, chemistry, manufacturing and controls matters, and clinical data from the STRIVE-ON Phase 3 safety trial.
Recurring news also covers medical-conference presentations, intellectual-property developments for nimodipine parenteral administration, quarterly financial results, corporate presentations, and capital actions such as warrant exercises tied to prior private placements.
Grace Therapeutics (NASDAQ:GRCE) has secured its sixth U.S. patent (No. 12,414,943) for GTx-104, covering the I.V. dosing regimen of its novel injectable nimodipine formulation. This new method of use patent extends the company's patent protection until 2043, complementing its existing five patents on composition that provide protection until 2037.
GTx-104 is being developed to address unmet needs in aSAH (aneurysmal subarachnoid hemorrhage) patients. The drug has received FDA Orphan Drug Designation, which will provide seven years of marketing exclusivity upon NDA approval. The patent specifically covers the dosing regimen used in the Phase 3 STRIVE-ON safety trial.
Grace Therapeutics (NASDAQ:GRCE), a late-stage biopharma company, will present at the H.C. Wainwright 27th Annual Global Investment Conference from September 8-10, 2025. The conference will be held at the Lotte New York Palace Hotel with virtual participation options available.
The company's CEO, Prashant Kohli, will be available for one-on-one meetings with institutional investors. Grace Therapeutics is developing GTx-104, a novel injectable formulation of nimodipine for IV infusion, targeting unmet medical needs in aSAH patients.
Grace Therapeutics (NASDAQ:GRCE) announced that the FDA has accepted its New Drug Application (NDA) for GTx-104, a novel injectable formulation of nimodipine for treating aneurysmal Subarachnoid Hemorrhage (aSAH). The FDA has set a PDUFA target date of April 23, 2026 for review.
The NDA submission is supported by positive results from the Phase 3 STRIVE-ON safety trial. The acceptance triggers potential exercise of warrants worth $7.6 million at $3.003 per share, issued during a September 2023 private placement. GTx-104 has received Orphan Drug Designation, providing 7 years of marketing exclusivity upon approval.
The treatment represents the first major innovation in aSAH standard of care in nearly 40 years.Grace Therapeutics (NASDAQ:GRCE) has submitted a New Drug Application (NDA) to the FDA for GTx-104, a novel injectable formulation of nimodipine for treating aneurysmal Subarachnoid Hemorrhage (aSAH). The NDA is supported by successful Phase 3 STRIVE-ON safety trial results, which met its primary endpoint and demonstrated clinical benefits compared to oral nimodipine.
For Q1 2026, Grace reported a net loss of $3.4 million ($0.21 per share), compared to $2.6 million loss in Q1 2025. The company's cash position stands at $20.0 million, with potential additional proceeds of $22.6 million from warrant exercises. The company has secured Orphan Drug Designation for GTx-104, providing 7 years of marketing exclusivity upon FDA approval.
Grace Therapeutics (NASDAQ:GRCE) has submitted a New Drug Application (NDA) to the FDA for GTx-104, a novel injectable formulation of nimodipine for treating aneurysmal Subarachnoid Hemorrhage (aSAH). The submission includes positive results from the Phase 3 STRIVE-ON safety trial, where GTx-104 met its primary endpoint and demonstrated clinical benefits compared to oral nimodipine.
The NDA submission could trigger up to $7.6 million in warrant exercises from the company's 2023 financing at $3.003 per share. Grace has secured Orphan Drug Designation for GTx-104, potentially providing 7 years of marketing exclusivity upon FDA approval. The FDA has a 60-day period to determine if the NDA is complete and acceptable for filing.
Grace Therapeutics (NASDAQ: GRCE) has announced positive alignment with the FDA regarding their planned New Drug Application (NDA) submission for GTx-104, a novel injectable formulation of nimodipine for treating aneurysmal subarachnoid hemorrhage (aSAH) patients.
Following a Type C meeting with the FDA, the company confirmed that their current data and regulatory packages should be sufficient for NDA submission, anticipated in Q2 2025. The STRIVE-ON safety trial demonstrated that GTx-104, administered via IV infusion, showed:
- Fewer patients with clinically significant hypotension
- Higher dose compliance
- Better functional recovery
- Lower pharmacoeconomic burden
This development represents the first potential innovation in aSAH treatment in almost four decades, addressing significant unmet medical needs caused by limitations of enteral administration.
Grace Therapeutics (Nasdaq: GRCE) has announced that CEO Prashant Kohli will participate in the TD Cowen 45th Annual Health Care Conference in Boston, MA, from March 3-5, 2025. Kohli will deliver a presentation on March 4, 2025, at 2:30pm ET, which will be available via webcast, and will also conduct one-on-one investor meetings.
The company, formerly known as Acasti Pharma, is advancing GTx-104, a novel injectable formulation of nimodipine being developed for IV infusion to address unmet medical needs in aneurysmal subarachnoid hemorrhage (aSAH) patients.
Additionally, Grace Therapeutics hosted a virtual key opinion leader (KOL) event on November 20, 2024, featuring experts Dr. Abhishek Ray from University Hospitals and Dr. Andrew Webb from Massachusetts General Hospital, who discussed the high unmet medical need and current treatment landscape for aSAH, a rare and life-threatening medical emergency. A replay of this event is available on the company's website.
Grace Therapeutics (NASDAQ: GRCE) reported its Q3 FY2025 financial results and business updates. The company announced that its Phase 3 STRIVE-ON safety trial for GTx-104, an injectable nimodipine formulation for aSAH patients, met its primary endpoint and showed improved clinical outcomes compared to oral administration.
The company secured a private placement financing of $15 million in upfront gross proceeds, with potential for additional $15 million through warrant exercises. The net proceeds from initial funding were $13.8 million. For Q3 FY2025, Grace reported a net loss of $4.2 million ($0.36 per share), compared to $2.4 million loss in Q3 FY2024. R&D expenses increased to $2.2 million from $1.4 million year-over-year. As of December 31, 2024, cash position stood at $11.1 million.
The company plans to submit its New Drug Application (NDA) for GTx-104 by June 2025.