Welcome to our dedicated page for Protagenic Therapeutics news (Ticker: PTIX), a resource for investors and traders seeking the latest updates and insights on Protagenic Therapeutics stock.
Protagenic Therapeutics Inc (PTIX) is a clinical-stage biopharmaceutical company developing novel peptide-based therapeutics targeting stress-related neuropsychiatric and mood disorders. This page serves as the definitive source for official company updates, providing investors and researchers with timely access to validated information about PTIX's scientific advancements and operational developments.
Visitors will find curated press releases covering clinical trial progress, regulatory milestones, research publications, and strategic partnerships. Key focus areas include updates on lead candidate PT00114 – a synthetic TCAP analog designed to modulate stress response systems – along with pipeline developments in anxiety, depression, and PTSD therapeutics.
The resource prioritizes factual reporting on preclinical studies, IND submissions, trial phase transitions, and peer-reviewed data disclosures. Content is organized to highlight material events while maintaining compliance with financial disclosure standards. Regular updates ensure stakeholders can track the company's progress in advancing peptide-based CNS therapies through clinical validation stages.
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Protagenic Therapeutics (Nasdaq:PTIX) announced a 1-for-4 reverse stock split effective March 23, 2023, to comply with Nasdaq's minimum bid price requirement. This decision follows shareholder approval on November 23, 2022. The reverse split will convert every four shares into one, reducing the outstanding shares from approximately 17.3 million to about 4.3 million. All stockholders will be uniformly affected, and no fractional shares will be issued. The aim is to increase the stock price above $1.00 for continued listing. Comprehensive details are available on the company’s website and SEC filings.
Protagenic Therapeutics (NASDAQ:PTIX) announced its participation in the B. Riley Securities Neuro and Ophthalmology Virtual Investor Conference set for April 27, 2022, at 10:30 AM ET. The biopharmaceutical company, focused on treating stress-related neurologic disorders, will present on its pre-clinical drug candidates. Investors interested in the conference can access the presentation via this link. For further inquiries or to schedule one-on-one meetings, attendees are encouraged to contact their conference representative.
Protagenic Therapeutics, Inc. (Nasdaq: PTIX) reported its Q3 2021 results, highlighting significant advancements in developing PT00114 for stress-related neurological disorders. The company hosted a virtual science review and KOL webinar, discussing PT00114's potential for treating depression, anxiety, PTSD, and addiction. Financially, net loss decreased to approximately $0.9 million from $1.0 million year-over-year, with R&D expenses also down at $0.3 million. The company holds $10.8 million in cash and plans to refile its IND application in Q4 2021, with a Phase I/IIa study set for Q1 2022.
Protagenic Therapeutics (Nasdaq: PTIX) announces a scientific webinar on September 8, 2021, focused on its neuro-active peptide PT00114, intended for treating Depression, Anxiety, PTSD, and Addiction. The session will feature presentations by key figures including David Lovejoy and Andrew Slee, discussing PT00114's discovery, evidence from disease models, and its role in addiction therapy. The event, lasting from 10:00 AM to 11:00 AM ET, will conclude with a Q&A. Registration is available on Protagenic's website.
Protagenic Therapeutics (PTIX) reported a net loss of approximately $1.5 million for Q2 2021, up from $0.6 million in Q2 2020. Operating and administrative expenses rose significantly, with general and administrative costs reaching about $1.2 million, compared to $0.4 million the prior year. The company closed a $13.2 million public offering and plans to refile its IND application for PT00114 in Q4 2021, with a Phase I/IIa study set to initiate in Q1 2022. As of June 30, 2021, PTIX had $11.9 million in cash and approximately 16.6 million shares outstanding.
Protagenic Therapeutics (Nasdaq: PTIX) announced that the FDA has requested the company to provide clinical sites with ready-to-inject vials instead of drug substances for local formulation. This change allows Protagenic to maintain control over the final drug product formulation. The company plans to comply with this directive and refile its Investigational New Drug (IND) application to initiate patient enrollment in Q4 2021. The company focuses on developing therapies for stress-related neurologic disorders.
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