Nls Pharmaceutics Ltd Stock Price, News & Analysis

NLS Pharmaceutics (NASDAQ:NLSP) announced promising preclinical data for its dual orexin receptor agonist (DOXA) platform. The study focuses on AEX-41 and AEX-2, first-in-class non-sulfonamide DOXAs targeting both orexin-1 and orexin-2 receptors while inhibiting cathepsins. In orexin knockout mice, AEX-41 showed significant increase in wakefulness and reduced REM sleep duration, with efficacy comparable to existing OX2R agonists. The company plans to expand research in 2025 to study neuroinflammation impact, with an IND application planned for 2026-2027. The dual-action mechanism could potentially address both sleep-wake regulation and neurodegenerative processes.

NLS Pharmaceutics has provided insights into its preclinical program evaluating dual orexin receptor agonist (DOXA) platform. The company is developing AEX-41 and AEX-2, two first-in-class non-sulfonamide DOXAs targeting both orexin-1 and orexin-2 receptors while inhibiting cathepsins. The ongoing studies at the Centre for Neuroscience Research of Lyon use an orexin knockout mouse model to evaluate wakefulness promotion, sleep quality enhancement, and cataplexy suppression. The study employs EEG/EMG technology and includes stress condition testing. First results are expected in early December 2024, with potential applications extending to other conditions like ALS.

NLS Pharmaceutics (NASDAQ:NLSP) and Kadimastem have announced a definitive merger agreement to combine their companies. The merger will focus on advancing NLS's Dual Orexin Agonist platform and Kadimastem's allogeneic cell therapy program. Post-merger, NLS plans to divest its legacy assets except for DOXA, with proceeds distributed to shareholders. The initial target share split is 85% Kadimastem/15% NLS, but current estimates suggest 80%/20% based on NLS's recent financing. The merger is expected to close in January 2025, subject to shareholder and Nasdaq approval. Kadimastem plans to initiate Phase IIa trials for ALS treatment and progress its diabetes program with a pre-IND submission in Q1 2025.

NLS Pharmaceutics (Nasdaq: NLSP) announced it has regained full compliance with Nasdaq listing requirements. The company received notice from Nasdaq confirming compliance with both the bid price requirement (Rule 5550(a)(2)) and equity requirement (Rule 5550(b)(1)). The compliance was achieved through balance sheet improvements, including capital raising and implementation of a reverse share split.

NLS Pharmaceutics (NASDAQ:NLSP) has secured a key patent in Japan for Mazindol ER in the treatment of heroin dependence. The patent covers the use of extended-release Mazindol for opioid use disorder, offering a new therapeutic strategy. Mazindol, a tetracyclic compound, has shown promising results in reducing heroin dependence by modulating neurotransmitter systems involved in reward signaling and addiction pathways.

Unlike traditional opioid treatments, Mazindol works by indirectly modulating the brain's reward systems, targeting opioid receptors without inducing the same level of dependence. The sustained-release formulation allows for steady drug release, improving patient compliance and reducing relapse risk. The patent includes eight claims, providing robust protection for Mazindol ER's use in treating opioid dependence in Japan.

NLS Pharmaceutics (NASDAQ:NLSP) has announced the closing of a private placement offering, raising $3.2 million through the issuance of 806,452 common shares and warrants at $3.97 per unit. The company also closed a debt purchase agreement, converting $4.0 million of debt into 806,452 convertible preferred shares at $4.96 each.

Additionally, NLS believes it has regained compliance with Nasdaq's minimum bid price requirement and expects to meet the stockholders' equity requirement for continued listing on the Nasdaq Capital Market. The securities were offered under exemptions from registration requirements and have not been registered under the Securities Act.

NLS Pharmaceutics (Nasdaq:NLSP) announced a 1-for-40 reverse share split of its common shares, expected to be implemented on September 27, 2024. The company's shares will continue trading on the Nasdaq Capital Market under the symbol 'NLSP' but with a new CUSIP Number. This decision was approved by shareholders on September 18, 2024.

Post-split, NLS's outstanding common shares will reduce from 46,880,000 to approximately 1,172,000. No fractional shares will be issued, with cash provided in lieu. The split will not significantly impact shareholders' ownership percentages or voting power. All outstanding options and warrants will be adjusted accordingly. VStock Transfer, will serve as the exchange agent for this process.

NLS Pharmaceutics and Kadimastem have announced a binding term sheet for a merger, creating a Nasdaq-traded biotechnology company focused on advancing Kadimastem's allogeneic cell therapy platform. The proposed transaction will result in Kadimastem becoming a wholly owned subsidiary of NLS, with Kadimastem's shareholders acquiring an 85% interest in NLS. The combined company is expected to operate under the name Kadimastem and trade on the Nasdaq Capital Market. Both companies have received commitments of support from shareholders representing over 40% of their respective outstanding shares. The merger aims to create a company with product candidates in advanced stages of clinical development, particularly in the areas of neurodegenerative diseases and potential diabetes cure.

NLS Pharmaceutics, a Swiss clinical-stage biopharmaceutical company specializing in treatments for rare and complex CNS disorders, announced a registered direct offering of 3,277,750 common shares at $0.24 per share. This offering is expected to close around July 1, 2024, subject to customary conditions. Additionally, NLS will issue unregistered warrants for the same number of shares, exercisable immediately at $0.24 per share and expiring in five years. The gross proceeds of $786,660 will support working capital, R&D, and strategic expansion. H.C. Wainwright & Co. is acting as the exclusive placement agent.