Welcome to our dedicated page for Pulmatrix news (Ticker: PULM), a resource for investors and traders seeking the latest updates and insights on Pulmatrix stock.
Pulmatrix, Inc. (PULM) generates news primarily as a clinical-stage biopharmaceutical company focused on inhaled therapeutics built on its patented iSPERSE™ dry powder technology. Company announcements frequently highlight developments in its pipeline of inhaled product candidates for central nervous system and respiratory diseases, including acute migraine, COPD and allergic bronchopulmonary aspergillosis.
News updates often cover clinical milestones for PUR3100, an orally inhaled dihydroergotamine (DHE) candidate for acute migraine, such as publication of Phase 1 results in a peer-reviewed journal and regulatory progress following FDA acceptance of an Investigational New Drug application and a “study may proceed” letter for a Phase 2 study. Pulmatrix also reports on PUR1800, a Narrow Spectrum Kinase Inhibitor for acute exacerbations in chronic obstructive pulmonary disease, including Phase 1b safety and tolerability data, and on PUR1900, its inhaled itraconazole formulation being advanced with partner Cipla outside the United States.
Investors following PULM news will also see regular corporate and strategic updates. These include quarterly and annual financial results, descriptions of cost-saving measures and Pulmatrix’s transition toward a more virtual operating model. The company has issued multiple releases about its proposed merger with Cullgen Inc., detailing stockholder approvals, regulatory steps such as the effectiveness of a registration statement on Form S-4, and conditions to closing, including Nasdaq and China Securities Regulatory Commission approvals. Pulmatrix has also reported entering into a mutual waiver agreement with Cullgen to allow both parties to explore alternative transactions while continuing to pursue the merger.
Additional news items describe licensing and collaboration activity, such as the cross-license agreement and facility transfer with MannKind Corporation involving iSPERSE™ and MannKind’s Cricket® inhalation device. For readers tracking PULM, this news page provides a centralized view of clinical data releases, regulatory filings referenced in press releases, strategic transactions and financial updates that shape the company’s evolution and its inhaled therapeutic programs.
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Pulmatrix, Inc. (NASDAQ: PULM) announced its 2022 financial results and corporate updates on March 30, 2023. The company reported revenue of $6.1 million, a 17% increase from $5.2 million in 2021, driven by collaborations. The year-end cash position stood at $35.6 million, providing a runway into Q2 2024. Significant milestones include the initiation of a Phase 2b study for PUR1900, with the first patient dosed in Q1 2023, and successful topline results for the Phase 1 study of PUR3100, showing promising safety and efficacy data. The company aims for further clinical studies for both PUR1900 and PUR3100.
Pulmatrix, Inc. (NASDAQ: PULM) announced the dosing of the first patient in a Phase 2b clinical trial for PUR1900, an inhaled treatment for Allergic Bronchopulmonary Aspergillosis (ABPA) and asthma. This double-blind, placebo-controlled study will assess the safety and efficacy of PUR1900 over 16 weeks, followed by an 8-week observation period. The trial aims to enroll 30 subjects across the U.S., U.K., Australia, and France. This milestone supports Pulmatrix's collaboration with Cipla and targets proof-of-concept data by mid-2024, potentially establishing PUR1900 as the first approved treatment for ABPA.
Pulmatrix, Inc. (NASDAQ: PULM) announces a virtual key opinion leader (KOL) event titled "PUR3100 for the Treatment of Acute Migraine: Unlocking Potential of DHE Treatment" on February 3, 2023, at 10:00 AM ET. The event features Dr. Stewart J. Tepper from Dartmouth College, discussing the treatment landscape for migraine patients and the clinical profile of dihydroergotamine (DHE). Dr. Margaret Wasilewski, CMO of Pulmatrix, will present recent Phase 1 data on PUR3100, an orally inhaled DHE delivered via Pulmatrix's patented iSPERSE™ technology. The event will include a live Q&A session.
Pulmatrix, Inc. (NASDAQ: PULM) announced that its abstract will be presented at the American Academy of Allergy, Asthma and Immunology (AAAAI) Annual Meeting from February 24-27, 2023 in San Antonio, Texas. The study focuses on PUR1800, an inhaled narrow-spectrum kinase inhibitor for chronic obstructive pulmonary disease (COPD). The presentation, by Margaret Wasilewski, MD, Chief Medical Officer, will summarize safety and tolerability results from a Phase 1b study. It is scheduled for a poster session on February 24 from 3:15 to 4:15 PM CST at the Convention Center, Lobby Level, Hall 2.
Pulmatrix, Inc. (NASDAQ: PULM) announced successful results from a Phase 1 trial of PUR3100, an inhaled dihydroergotamine formulation aimed at treating acute migraines. Conducted on 26 healthy subjects, the trial showed that PUR3100 was well-tolerated, with fewer gastrointestinal side effects compared to intravenous DHE. It achieved a five-minute Tmax and Cmax within the therapeutic range across all doses. The company plans to discuss findings with the FDA and prepare for a Phase 2 study, signaling progress in addressing a critical healthcare need for migraine treatment.
Pulmatrix, Inc. (PULM) reported Q3 2022 revenues of $1.9 million, a $0.8 million increase year-over-year. The rise was mainly due to revenue from the PUR1900 program. However, total revenues are down from $4.713 million in the nine months ended September 2021 to $4.363 million in the same period of 2022. R&D expenses rose $1.3 million to $5.3 million, largely driven by PUR1900 clinical costs. The company has $40.7 million in cash, expected to cover operations into Q2 2024, and is advancing both PUR3100 and PUR1900 towards pivotal trial stages.
Pulmatrix, Inc. (NASDAQ: PULM) announced the completion of dosing in a Phase 1 trial for PUR3100, an orally inhaled formulation of dihydroergotamine (DHE) for acute migraine treatment. The trial enrolled 26 healthy volunteers, assessing safety and pharmacokinetics across three dose groups. Phase 1 data is expected in Q4 2022. The company highlights a significant need for new options as 75% of migraine sufferers do not find relief with current medications. CEO Ted Raad expressed optimism for PUR3100's potential to be a best-in-class product.