Nutriband Stock Price, News & Analysis

Nutriband Inc. (NASDAQ:NTRB, NTRBW) reported financial results for the fiscal year ending January 31, 2023, highlighting a record revenue of $2.1 million, up 46% from the previous year. Key achievements include a favorable court verdict recovering 15% of total outstanding shares and the announcement of a Seven-for-Six Forward stock split. The company received patent allowance for its AVERSA™ technology in North America and partnered with Kindeva Drug Delivery for enhanced abuse-deterrent characteristics. Despite a net loss of $4.48 million (or $0.53 per share), down from $6.37 million in FY 2022, the results reflect significant operational progress. Research expenses increased to $0.98 million from $0.4 million, while SG&A expenses decreased slightly to $3.9 million. The company aims for commercial growth in 2023 and anticipates AVERSA™ to achieve annual sales between $80 million and $200 million.

Nutriband (NASDAQ:NTRB, NTRBW), recognized for its innovative transdermal solutions, is set to present at the Planet MicroCap Showcase: VEGAS 2023 on April 26, 2023, at 08:30 AM PST. CEO Gareth Sheridan will lead the presentation, followed by a Q&A session.

To join the live presentation, access the webcast here. For those interested in one-on-one investor meetings during the event in Las Vegas, registration is available here.

Nutriband is advancing its abuse deterrent fentanyl patch utilizing the patented AVERSA technology, aimed at mitigating drug misuse and exposure risks.

Nutriband Inc. (NASDAQ:NTRB, NTRBW) announced a partnership with Kindeva Drug Delivery to advance the AVERSA™ Fentanyl formulation into commercial manufacturing. The AVERSA™ Fentanyl product utilizes Nutriband's proprietary abuse-deterrent technology and is projected to achieve peak U.S. sales between $80M and $200M. This collaboration aims to develop the first abuse-deterrent fentanyl patch, enhancing safety and accessibility for patients. The technology is supported by a robust intellectual property portfolio, with patents granted in multiple countries.

Nutriband Inc. (NASDAQ:NTRB, NTRBW) has secured a $2 million credit line to support the FDA approval process and commercial manufacturing of its lead product, AVERSA™ Fentanyl, an abuse-deterrent transdermal system. This technology combines Nutriband's proprietary methods with an FDA-approved fentanyl patch system, offering significant market potential, estimated at $80M - $200M in annual US sales. CEO Gareth Sheridan emphasized that this non-dilutive financing is crucial for their growth strategy and ongoing commercialization efforts. The AVERSA™ technology is backed by a robust intellectual property portfolio spanning multiple countries.

Nutriband Inc. (NASDAQ:NTRB, NTRBW) has announced its integration with Webull's Corporate Communications Service Platform, enhancing its investor relations and corporate communications capabilities. This partnership aims to boost Nutriband's visibility and engagement with current and potential investors by providing direct notifications of corporate news, earnings, and investor presentations. CEO Gareth Sheridan emphasized the importance of this platform for delivering timely and accurate information to shareholders. Nutriband is focused on developing transdermal pharmaceutical products, including an abuse deterrent fentanyl patch using its advanced AVERSA™ technology.

Nutriband Inc. (NASDAQ:NTRB, NTRBW) announced on March 2, 2023, that Alan Smith, Ph.D., COO and President of its subsidiary, 4P Therapeutics, was appointed to the FDA's Center for Research on Complex Generics Stakeholder Expert Committee on Adhesion Testing for transdermal delivery systems. This committee aims to enhance collaboration between the FDA and industry for developing safe generic products. Dr. Smith brings over 25 years of expertise in transdermal drug delivery systems. Nutriband focuses on developing innovative transdermal products, including its abuse-deterrent fentanyl patch, using proprietary AVERSA™ technology.

Nutriband Inc. (NASDAQ:NTRB, NTRBW) announced it has completed the necessary steps to submit its application to Ecuador's Health Register, allowing for the distribution of medical devices and cosmetic products in South America. This move opens access to the Andean Community, which includes four countries: Colombia, Ecuador, Peru, and Bolivia, with a combined population exceeding 114 million. Nutriband is focused on developing transdermal pharmaceutical products, including its lead product, an abuse-deterrent fentanyl patch utilizing AVERSA™ technology. The company is navigating various risks associated with product development and regulatory approvals.

Nutriband Inc. (NASDAQ:NTRB, NTRBW) is showcasing its innovations at the 2023 Transdermal and Microneedle Conference in London on January 23-24, 2023. CEO Gareth Sheridan will present on January 24 at 11:00 a.m. GMT, focusing on enhancing transdermal technologies to minimize liability regarding abusable medications. COO Dr. Alan Smith will join a panel discussion at 11:40 a.m. GMT about microneedle applications in drug delivery. The conference will also feature industry leaders including Merck and GSK. Nutriband's AVERSA technology aims to prevent drug abuse, emphasizing safety in chronic pain treatments.

Nutriband Inc. (NASDAQ:NTRB, NTRBW) has dual-listed on Upstream, a platform for digital securities and NFTs, enhancing its accessibility to global investors. The listing became effective on January 5, 2023, allowing trades in real-time through Upstream's transparent order book. A commemorative NFT for this listing is also available. CEO Gareth Sheridan emphasized the listing's value for shareholders and the company’s mission to reach a modern investor base. However, U.S. investors are only allowed to liquidate existing holdings on Upstream.