Welcome to our dedicated page for Ovid Therapeutics news (Ticker: OVID), a resource for investors and traders seeking the latest updates and insights on Ovid Therapeutics stock.
Ovid Therapeutics Inc. (Nasdaq: OVID) is a New York‑based biopharmaceutical company developing small molecule medicines for brain conditions driven by excess neural excitability. The OVID news feed on Stock Titan aggregates company‑issued press releases and other coverage that detail its clinical progress, financing activities and corporate developments.
News about Ovid frequently highlights updates on its lead programs. These include OV329, a next‑generation GABA‑aminotransferase (GABA‑AT) inhibitor being developed as a potential therapy for treatment‑resistant seizures, and a portfolio of potassium‑chloride cotransporter 2 (KCC2) direct activators, such as OV350 and OV4071, for multiple central nervous system disorders. Company announcements describe Phase 1 results, biomarker data, safety and tolerability findings, and plans for subsequent clinical studies in drug‑resistant epilepsies and neuropsychiatric indications.
Investors following OVID news will also see disclosures on capital formation and strategic transactions, such as private placement financings involving Series B convertible preferred stock and warrants, and the sale of future ganaxolone royalty rights to Immedica Pharma AB. Regulatory and listing‑related updates, including interactions with The Nasdaq Stock Market regarding bid price compliance and share authorization, are reported through SEC‑related press releases and proxy materials.
Corporate governance items, such as leadership succession plans, executive appointments and special or annual meeting outcomes, appear regularly in Ovid’s news flow. These updates provide context on how the company is organizing its management and board to support its CNS‑focused pipeline.
By reviewing the OVID news page, readers can track how Ovid Therapeutics communicates progress on OV329, its KCC2 direct activator franchise, financing events and key regulatory or governance milestones over time.
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Ovid Therapeutics (NASDAQ: OVID), a biopharmaceutical company focused on epilepsy treatments, will present at the 22nd Annual Needham Virtual Healthcare Conference on April 17, 2023, at 11:00 a.m. ET. Management aims to highlight their innovative therapies and ongoing research.
An archived replay of the presentation will be available on their website post-event. Ovid's pipeline includes OV329, a GABA-aminotransferase inhibitor for treatment-resistant seizures, and OV350, targeting epilepsies. Additionally, Ovid is significantly involved in the soticlestat development, currently in Phase 3 trials for Dravet and Lennox-Gastaut syndromes, managed by Takeda. For further information about Ovid's initiatives, visit ovidrx.com.
Ovid Therapeutics (NASDAQ: OVID) provided a business update and 2022 financial results, indicating a cash runway into H1 2025. The company reported a revenue of $1.5 million for 2022, a significant decline from $208.4 million in 2021. This decline was due to a one-time payment from Takeda in 2021. Ovid continues to advance its potential next-generation GABA-aminotransferase inhibitor, OV329, which is undergoing a Phase 1 trial, with results expected in H1 2024. Ovid also highlights ongoing collaborations and cost-cutting measures that have helped reduce operating expenses. The company posted a net loss of $54.2 million for 2022, compared to a net income of $122.8 million in 2021.
Ovid Therapeutics Inc. (NASDAQ: OVID) announced its participation in a fireside chat during the 2nd Annual Needham Virtual Neuroscience Forum on March 15, 2023, at 4:00 p.m. ET. Investors can access a live webcast of the event via the company’s website, with an archived replay available afterward. Ovid focuses on developing medicines for epilepsies and brain disorders, with notable programs including OV329, aimed at treatment-resistant seizures, and OV350, intended for potential epilepsy treatment. The company also has significant interest in soticlestat, currently in Phase 3 trials targeting Dravet and Lennox-Gastaut syndromes.
Ovid Therapeutics (NASDAQ: OVID) has published findings regarding its compound OV350 in Cell Reports Medicine, highlighting its potential in treating treatment-resistant epilepsies. OV350 directly activates the KCC2 co-transporter, reducing neuronal hyperexcitability and intracellular chloride accumulation. Preclinical studies reveal that OV350 can arrest benzodiazepine-resistant seizures, restore efficacy of benzodiazepines, and reduce neuronal injury following status epilepticus. The compound was found to penetrate the brain effectively without causing sedation. Ovid aims to explore various modes of delivery for OV350 and other KCC2 activators.
Ovid Therapeutics Inc. (NASDAQ: OVID) announced participation in a panel titled “Orphan Epilepsies” at the Cowen 43rd Annual Healthcare Conference on March 6, 2023, at 12:50 p.m. ET in Boston, Massachusetts. A live webcast will be available on their website, with an archived replay following the event.
Ovid specializes in biopharmaceuticals aimed at treating epilepsies and brain disorders. Their development pipeline includes OV329 for treatment-resistant seizures and OV350 targeting the KCC2 transporter. They also hold a financial interest in soticlestat, currently in Phase 3 trials, which is being developed by Takeda.
Ovid Therapeutics Inc. (NASDAQ: OVID) announces the appointment of Manoj Malhotra, M.D., as Chief Medical Officer and Toshiya Nishi, D.V.M., as Head of Epilepsy Research. Dr. Malhotra brings extensive experience in neurological medicine and has held senior roles at major pharmaceutical companies. He aims to enhance Ovid’s research pipeline for seizure treatments. Dr. Nishi, co-inventor of soticlestat, will focus on Ovid’s KCC2 transporter activators. Both leaders are expected to play critical roles in advancing Ovid’s innovative therapies for epilepsy, showcasing the company’s commitment to improving the lives of those affected by brain disorders.
Ovid Therapeutics has initiated a Phase 1 study for OV329, a next-generation GABA-aminotransferase inhibitor, aimed at treating rare epilepsies. This first-in-human trial, conducted at Duke University, will assess the safety and efficacy of OV329 in healthy volunteers. The study's design includes single and multiple ascending doses. With over 60 participants expected, results are anticipated in the first half of 2024. This innovative treatment targets treatment-resistant seizures, potentially offering improved safety and efficacy compared to existing medications.
Ovid Therapeutics announced promising preclinical data for OV329 and OV350 at the 2022 American Epilepsy Society Annual Meeting. OV329, a next-generation GABA-aminotransferase inhibitor, showed potential efficacy and safety with low, chronic dosing, outperforming existing treatments. OV350 demonstrated efficacy in activating KCC2 to combat refractory status epilepticus and reduce neuronal damage. Both programs aim to address treatment-resistant epilepsies, providing hope for patients. Key data from NIH's Epilepsy Therapy Screening Program highlighted significant seizure protection in animal models.
Ovid Therapeutics reported Q3 2022 results showing a net loss of approximately $12 million, equal to $0.17 per share. The company ended the quarter with cash and equivalents of $137.9 million, expected to support operations into 2025. Ovid aims to initiate a Phase 1 study for its GABA-aminotransferase inhibitor, OV329, in Q4 2022 after FDA IND clearance. They are collaborating with Gensaic for genetic epilepsy programs while optimizing other compounds in their pipeline. The company remains committed to maintaining a sufficient cash runway and advancing its epilepsy-related projects.