Hepion Pharmaceuticals Inc Stock Price, News & Analysis

Hepion Pharmaceuticals (NASDAQ:HEPA) announced that CEO Robert Foster and SVP Patrick Mayo will present in the free webinar "How Artificial Intelligence is Changing Drug Discovery" on March 23, 2023, at 1:00 PM ET. They will showcase their AI-POWR™ platform, which enhances drug target selection and clinical study design for fibrotic diseases like NASH and HCC. The AI-POWR™ platform integrates extensive clinical data with publicly available multi-omic databases, identifying biomarkers for patient response to rencofilstat, Hepion's lead drug. This innovative approach aims to optimize ongoing clinical trials and improve patient outcomes in drug development.

Hepion Pharmaceuticals (NASDAQ:HEPA) announced that Chief Medical Officer Todd Hobbs will present an update on the NASH clinical program for rencofilstat at the Global NASH Congress on March 3, 2023. The presentation will cover the ASCEND-NASH and ALTITUDE-NASH trials, focusing on timelines and progress. The ASCEND-NASH trial, involving 90 sites across North America and Europe, aims for complete enrollment within 12 months. The ALTITUDE-NASH trial reached full enrollment in December 2022, with topline results expected in Q2 2023. The FDA has granted Fast Track and Orphan Drug designations for rencofilstat, highlighting its potential for treating NASH and HCC.

Hepion Pharmaceuticals has announced the granting of European Patent No. EP 3886813 for its lead drug candidate, rencofilstat, covering 38 European countries. This patent extends the exclusivity period to potentially 2048, providing a crucial competitive advantage. This extension builds on Hepion’s existing patent portfolio, originally set to expire in 2036. Rencofilstat, which inhibits cyclophilins and targets conditions like NASH and HCC, is in Phase 2 clinical trials and benefits from both FDA Fast Track and Orphan Drug designations.

CEO Robert Foster emphasized the importance of this patent for protecting rencofilstat's market potential amidst growing interest from researchers.

Hepion Pharmaceuticals, Inc. (NASDAQ:HEPA) announced that CEO Robert Foster will ring the Nasdaq Closing Bell on February 10, 2023. The event highlights the company’s focus on AI-driven therapeutic development for conditions like NASH and hepatocellular carcinoma. Rencofilstat, its lead drug candidate, has shown efficacy in reducing liver fibrosis and tumor burden and is currently in Phase 2 clinical development for NASH. The FDA has granted it both Fast Track and Orphan Drug designations. Hepion also introduced its AI-POWR™ platform, aimed at improving patient outcomes in clinical trials and exploring new therapeutic indications.

Hepion Pharmaceuticals (NASDAQ:HEPA) announced encouraging results from preclinical studies on rencofilstat for multiple myeloma (MM). The drug showed complete cytotoxicity across 16 MM cell lines, including bortezomib-resistant types, when combined with bortezomib. Rencofilstat's effects correlated with reduced expression of targets cyclophilins A and D. The results align with previous studies advocating cyclophilin inhibition for treating resistant MM. CEO Robert Foster highlighted ongoing Phase 2 trials for NASH while exploring rencofilstat's broader therapeutic potential. The FDA has previously granted rencofilstat Fast Track and Orphan Drug designations.

Hepion Pharmaceuticals (NASDAQ:HEPA) announced significant findings from a preclinical study on its lead candidate, rencofilstat, presented by collaborator Dr. Carlos Perez-Stable at the Florida Cancer Symposium. The study explored the combination of rencofilstat with ixazomib, showing that together they induced proteotoxic stress, killing 70-90% of various prostate cancer cell lines without harming non-cancer cells. This suggests potential advancements in cancer treatment applications for rencofilstat, alongside its ongoing Phase 2 trials for non-alcoholic steatohepatitis (NASH).

Hepion Pharmaceuticals (NASDAQ:HEPA) announced the successful sale of approximately $2.9 million in net operating losses (NOLs) through New Jersey's NOL program. Additionally, the company secured $309,000 from the Alberta Innovation Employment Grant. This funding will support their R&D efforts, particularly in developing their oral drug candidate rencofilstat, aimed at treating non-alcoholic steatohepatitis (NASH) and hepatocellular carcinoma (HCC). With approximately $59.1 million in cash at the end of Q3-2022, Hepion aims to enhance its clinical development and innovation.

Hepion Pharmaceuticals (NASDAQ:HEPA) announced that its lead drug candidate, rencofilstat, will be presented at the NASH-TAG 2023 Conference from January 5-7, 2023. The presentation, titled Rencofilstat Multiomics Data Indicate Clinically Important Mechanisms in NAFLD-NASH, highlights the drug's potential in treating fibrotic diseases like NASH and HCC. Rencofilstat has shown to reduce liver fibrosis and cancer tumor burden while receiving Fast Track and Orphan Drug designations from the FDA, indicating its promising therapeutic potential.

Hepion Pharmaceuticals (Nasdaq:HEPA) has received a 180-day extension from Nasdaq to regain compliance with the minimum bid price requirement of $1.00 per share. The deadline to meet this requirement is now May 30, 2023. If the stock price closes at or above $1.00 for ten consecutive business days, Nasdaq will confirm compliance. This follows Hepion's previous notification in June 2022 regarding non-compliance. Failure to meet the requirement may lead to delisting, although Hepion can appeal any potential delisting decision.