Nrx Pharmaceuticals Inc Stock Price, News & Analysis

NRx Pharmaceuticals (NRXP) announced a financial update for the full year 2022 alongside significant clinical advancements. The company has reinitiated its psychiatry program, focusing on NRX-101 for suicidal treatment-resistant bipolar depression, and has moved manufacturing to the U.S. A recent Data Safety Monitoring Board review found no safety signals in a trial involving 50 patients, supporting continued enrollment. With $20.1 million in cash for 2022 and a recent $2.9 million offering, NRx aims to advance its clinical trials. The company expects to report topline data in Q4 2023, positioning itself uniquely in the bipolar depression market.

NRx Pharmaceuticals announced that the independent Data Safety Monitoring Board (DSMB) recommended continuing the enrollment of patients in the NRX-101 clinical trial for Suicidal Treatment-Resistant Bipolar Depression. The initial 50 patients showed no safety or futility signals, indicating the investigational drug is safe for use. With a potential market reaching 1 million patients in the US, the trial has been upgraded to Phase 2b/3, which could support future FDA registration. The top-line data is expected in Q4 2023, and the company plans to discuss regulatory approval pathways regarding this treatment.

NRx Pharmaceuticals (Nasdaq: NRXP) will release its Q4 and full year 2022 financial results on March 30, 2023, after market close. A conference call to discuss these results and provide clinical updates is scheduled for 4:30 p.m. ET on the same day. The company is known for developing therapeutics for CNS disorders like suicidal depression and PTSD. Its lead program, NRX-101, is under investigation in a Phase 3 trial with FDA Breakthrough Therapy Designation. This designation recognizes prior trial results showing significant improvement in depression and suicidality.

NRx Pharmaceuticals has successfully completed a registered direct offering, raising approximately $2.9 million through the sale of 3,766,666 shares of common stock and an equal number of warrants at $0.75 each. The funds will be directed towards launching its National Treatment Protocol and Safety Database for NRX-101, an oral treatment aimed at patients with treatment-resistant bipolar depression and suicidal tendencies. The offering emphasizes investor confidence amid a challenging biotechnology market, supporting ongoing clinical studies and patient access to NRX-101.

NRx Pharmaceuticals has announced the issuance of a new U.S. patent covering its lead product candidate, NRX-101, a treatment for bipolar depression and suicidality. This patent, part of the company’s third patent family, brings its total to 48 issued patents worldwide, with 42 pending. The patent secures NRX-101’s use in treating major depression and bipolar disorder until at least 2033. The drug, currently in clinical trials, has received FDA Breakthrough Therapy Designation. Upon approval, the patent is expected to be eligible for listing in the FDA's Orange Book.