Welcome to our dedicated page for Processa Pharmaceuticals news (Ticker: PCSA), a resource for investors and traders seeking the latest updates and insights on Processa Pharmaceuticals stock.
Processa Pharmaceuticals develops clinical-stage therapies centered on Next Generation Cancer (NGC) drug products. Company news commonly covers NGC-Cap, its lead oncology asset combining PCS6422 with capecitabine, including clinical updates in advanced or metastatic breast cancer and disclosures on metabolite exposure, safety profile and therapeutic-index objectives.
Updates also address the company's broader pipeline and business priorities, including PCS499 for focal segmental glomerulosclerosis, partnership activity for non-oncology assets, capital actions, conference participation, governance matters and operating or financial results tied to its development-stage biotechnology model.
Processa Pharmaceuticals (Nasdaq: PCSA) announced its financial results for 2021 and provided a corporate update. Despite challenges from COVID-19, the company progressed in clinical trials for PCS499 (uNL treatment), PCS6422 (GI cancer), and PCS12852 (gastroparesis). In 2021, Processa managed to raise its cash balance to $16.5 million, reporting a reduced net loss of $11.4 million. The upcoming milestones for 2022 include clinical trials and a focus on personalized medicine approaches, highlighting potential markets exceeding $1 billion.
Processa Pharmaceuticals (Nasdaq: PCSA) has announced a conference call scheduled for March 30, 2022, at 4:30 p.m. EST. The purpose of the call is to discuss the fourth quarter 2021 results and provide an update on its clinical pipeline. Interested participants can join via live webcast or by dialing in. Notable pipeline programs include PCS6422 for cancer and PCS499 for ulcerative necrobiosis lipoidica. The company focuses on developing treatments for patients with unmet medical needs.
Processa Pharmaceuticals, Inc. (NASDAQ: PCSA) announced that CEO Dr. David Young will present at the Oppenheimer 32nd Annual Healthcare Conference on March 17, 2022, at 10:00 AM Eastern. The live webcast will be available in the Investor Relations section of Processa's website, with a replay to follow. Processa focuses on developing treatments for patients with unmet medical needs, including programs for metastatic colorectal and breast cancer, ulcerative necrobiosis lipoidica, and GI motility disorders. The company has a team with extensive FDA drug approval experience.
Processa Pharmaceuticals (Nasdaq: PCSA) shared a letter to shareholders detailing its accomplishments in 2021 and future plans for 2022. The company aims to initiate multiple Phase 3 trials and has a pipeline targeting unmet medical needs. Despite challenges in patient enrollment due to COVID-19, Processa successfully in-licensed PCS3117 for pancreatic cancer and progressed on several trials including PCS499 for ulcerative necrobiosis lipoidica and PCS12852 for gastroparesis. The company emphasizes its 'Regulatory Science' approach to de-risk drug development. Cash reserves are sufficient for upcoming clinical trials.
Processa Pharmaceuticals (Nasdaq: PCSA) reported its financial results for Q3 2021, with cash and cash equivalents at $19.1 million. The company is developing three clinical drugs with potential markets over $1 billion each. Progress includes FDA clearance for PCS12852 and ongoing trials for PCS499 and PCS6422. Enrollment in PCS499 has been slower than anticipated, with three patients currently in the trial. R&D expenses surged to $1.7 million, up from $533 thousand in Q3 2020, while the net loss slightly decreased to $3.0 million compared to $3.1 million last year.
Processa Pharmaceuticals, Inc. (NASDAQ: PCSA) announced positive results from its Phase 1b trial of the Next Generation Capecitabine, which combines PCS6422 with capecitabine. The trial demonstrated that PCS6422 successfully inhibited dihydropyrimidine dehydrogenase (DPD), leading to less than 10% of 5-FU being metabolized to non-effective FBAL, compared to 80% with the FDA-approved capecitabine. This resulted in a significantly longer half-life and increased potency of 5-FU. However, the DPD inhibition was not sustained beyond 48 hours, which may necessitate protocol modifications.
Processa Pharmaceuticals, Inc. (NASDAQ: PCSA) will report its financial results for Q3 2021 on November 11, 2021. The company plans to hold a conference call at 5:30 PM ET on the same day to discuss its financial performance and business highlights. Processa focuses on developing treatments for patients with unmet medical needs, with active programs targeting metastatic colorectal and breast cancer, as well as conditions like ulcerative necrobiosis lipoidica and GI motility disorders. The company emphasizes efficient development to meet critical milestones.
Processa Pharmaceuticals (NASDAQ: PCSA) has received FDA clearance for a Phase 2a clinical trial of PCS12852 in patients with moderate to severe gastroparesis. This condition currently has limited treatment options, primarily relying on metoclopramide, which has significant side effects. PCS12852, a selective 5-HT4 receptor agonist, shows promise due to its minimal off-target effects, potentially offering a safer alternative. The trial aims to evaluate PCS12852's efficacy in improving gastric emptying rates, targeting a market worth up to $1.6 billion. The first patient is expected to be dosed in Q1 2022.
Processa Pharmaceuticals (NASDAQ: PCSA) announced participation in two upcoming investor conferences. The Oppenheimer Fall Healthcare Life Sciences & MedTech Summit is scheduled for September 22, 2021, at 9:05 AM (ET), with a subsequent Cantor Fitzgerald Healthcare Conference on September 29, 2021, at 10:40 AM (ET). Management plans to host one-on-one investor meetings at both events. CEO Dr. David Young emphasized the importance of proactive corporate communications and aligned goals with shareholders, as they approach key milestones in drug development.
Processa Pharmaceuticals (NASDAQ: PCSA) announced its participation in two upcoming investor conferences. The Oppenheimer Fall Healthcare Life Sciences & MedTech Summit is scheduled for September 22, 2021, at 9:05 AM (ET), with a webcast available here. The Cantor Fitzgerald Healthcare Conference will follow on September 29, 2021, at 10:40 AM (ET), with a webcast accessible here. One-on-one investor meetings will also be hosted during these events.