Hoth Therapeutics Inc Stock Price, News & Analysis

Hoth Therapeutics, Inc. (NASDAQ: HOTH) announced the activation of Washington University School of Medicine in St. Louis as the first clinical site for the CLEER-001 Phase 2a clinical trial of HT-001. This trial targets rash and skin disorders associated with epidermal growth factor receptor (EGFR) inhibitor therapy, which is significant for cancer patients undergoing treatment for various cancers, including non-small cell lung cancer and breast cancer. CEO Robb Knie emphasized the importance of this milestone in improving patient quality of life.

On February 16, 2023, Hoth Therapeutics (NASDAQ:HOTH) announced a partnership with Shareholder Intelligence Services to investigate illegal naked short selling activities of its stock. This collaboration aims to enhance monitoring of trading activities, including broker-dealer positions and shareholder movements. CEO Robb Knie stated that this initiative will help identify suspicious trading and protect investor interests. The patented process used by ShareIntel will allow Hoth to proactively track ownership and correct any trading anomalies, reinforcing the company's commitment to safeguarding shareholder interests.

Hoth Therapeutics, Inc. (NASDAQ:HOTH) has reported promising proof-of-concept data for its Alzheimer's disease therapeutic, HT-ALZ, following a study on aged APP/PS1+/- mice. Using doses of 20mg/kg and 40mg/kg, results indicated significant cognitive improvements, including reduced anxiety levels and enhanced spatial memory performance in maze tests. The research, conducted with Washington University in St. Louis, highlights HT-ALZ's potential under the 505(b)(2) regulatory pathway. Previous studies also demonstrated a notable decrease in brain amyloid β levels after acute treatment with HT-ALZ.

Hoth Therapeutics, Inc. (NASDAQ: HOTH) has initiated patient recruitment for its Phase 2a clinical trial aimed at treating skin disorders linked to epidermal growth factor receptor (EGFR) inhibitor therapy. The company has selected three clinical sites in St. Louis, Miami, and Houston for the trial, which will also include a follow-up Phase 2b safety and efficacy study. The EGFR inhibitors are essential for treating several cancers, including non-small cell lung cancer and breast cancer. CEO Robb Knie emphasized that this selection marks a significant milestone for Hoth as they prepare to begin enrollment.

Hoth Therapeutics, Inc. (NASDAQ: HOTH) announced the completion of a private placement, raising $10 million in gross proceeds. The company sold 2,000,000 shares of common stock and warrants to purchase up to 2,500,000 shares at $5.00 each. The proceeds will support the development of product candidates and general corporate purposes. The warrants have an exercise price of $5.00 and a term of 5.5 years. Hoth is also required to file a registration statement with the SEC within 15 days for the resale of the securities.

Hoth Therapeutics, Inc. (NASDAQ: HOTH) announced a definitive agreement for a private placement of 2,000,000 shares of its common stock and warrants to purchase 2,500,000 shares at $5.00 per share. The gross proceeds from this placement are estimated at $10 million, slated to close around January 3, 2023, subject to customary conditions. The funds will be used for product development and general corporate purposes. H.C. Wainwright & Co. is the exclusive placement agent. The securities will be offered under SEC regulations and require future registration for resale.

Hoth Therapeutics, Inc. (NASDAQ: HOTH) announced that the FDA accepted its IND application for HT-001, aimed at treating skin disorders from EGFR inhibitor therapy. This marks a vital step towards addressing unmet needs in cancer treatment, as current options for skin toxicities are limited. CEO Robb Knie expressed optimism about advancing to a Phase 2a trial expected in Q1 2023. This development illustrates Hoth's commitment to enhancing patient quality of life and indicates a critical progression in the onco-dermatology field.

Hoth Therapeutics, Inc. (NASDAQ: HOTH), a biopharmaceutical company, announced on December 1, 2022, that it submitted an Investigational New Drug (IND) application to the FDA for HT-001, targeting skin disorders linked to EGFR inhibitor treatments. Currently, there is no approved treatment for these side effects. The Phase 2a clinical trial is anticipated to begin as early as Q1 2023, pending FDA review. The IND submission aims to expedite the process using the 505(b)(2) pathway, leveraging existing data to lessen nonclinical and clinical requirements.

Hoth Therapeutics, Inc. (NASDAQ: HOTH) announced on November 9, 2022, that it has regained compliance with NASDAQ Listing Rule 5550(a)(2) regarding minimum bid price requirements. This follows a notice received on December 30, 2021, indicating that the company's stock had fallen below the $1.00 minimum bid price. The company achieved compliance by maintaining a closing bid price of $1.00 or greater for ten consecutive business days, from October 26 to November 8, 2022.