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.
Pulmatrix, Inc. (NASDAQ: PULM) provides an update on its clinical pipeline and financing. The company has dosed 3 out of 15 patients in a Phase 1b trial for PUR1800, with top-line data expected in Q4 2021. It plans to initiate a Phase 2b study for Pulmazole in Q1 2022, pending committee approval. PUR3100 showed promising results in a dog study, aiming for a Phase 1/2 trial start in Q1 2022. Additionally, Pulmatrix completed a direct offering with $40 million in proceeds, strengthening its financial position for ongoing studies.
Pulmatrix, a clinical stage biopharmaceutical company, has successfully completed a registered direct offering, selling 20 million shares at a gross amount of $40 million. The offering was facilitated by H.C. Wainwright & Co. The net proceeds are intended for working capital and general corporate purposes. This transaction follows the registration under Form S-3 with the SEC, initially filed in March 2019. Pulmatrix focuses on developing inhaled therapies for serious diseases, including treatments for lung conditions like allergic bronchopulmonary aspergillosis and lung cancer.
Pulmatrix (NASDAQ: PULM) has entered into agreements for a registered direct offering of 20 million shares at $2.00 per share, aiming to raise $40 million before expenses. The closing is expected around February 16, 2021, subject to customary conditions. H.C. Wainwright & Co. is the exclusive placement agent. The funds will support working capital and general corporate purposes. The offering is made under a previously filed shelf registration statement with the SEC, ensuring compliance with regulatory requirements.
Pulmatrix, Inc. (NASDAQ: PULM) reported its Q3 2020 financial results, showcasing a revenue increase to $4.4 million, up from $1.4 million in Q3 2019. The company had $34.5 million in cash as of September 30, 2020. Pulmatrix plans to advance multiple programs, including the anticipated clinical trial of PUR1800 in early 2021, targeting lung cancer. Additionally, the launch of FEND, an OTC nasal hygiene product, provides potential for escalating royalties. However, net loss increased to $10.6 million, attributed to warrant inducement expenses and costs related to clinical studies.
Pulmatrix, Inc. (NASDAQ: PULM) announced the commercial launch of FEND, a nasal mister product designed to combat COVID-19 by reducing respiratory droplets. Developed in partnership with Sensory Cloud, FEND incorporates Pulmatrix's proprietary NasoCalm formulations. Clinical studies show that FEND can lower exhaled aerosol particles by up to 99% for six hours. With expected escalating royalties from sales, the launch may provide additional revenue to support Pulmatrix's iSPERSE™ technology for inhaled therapies focused on serious lung diseases.
On September 30, 2020, Pulmatrix (NASDAQ: PULM) announced data from partner Sensory Cloud showcasing the efficacy of FEND, a nasal mist product, in reducing bioaerosol generation. The study revealed that FEND reduced exhaled particles by approximately 75%, outperforming surgical masks. The publication was co-authored by notable researchers including Dr. David Edwards and Dr. Robert Langer. Pulmatrix licensed its NasoCalm formulations to Sensory Cloud, which will market FEND and provide Pulmatrix with escalating royalties upon sales commencement.
Pulmatrix (NASDAQ: PULM) announced the appointment of Todd Bazemore to its Board of Directors, effective October 1, 2020. Bazemore brings over 25 years of biopharmaceutical experience, particularly in respiratory and rare diseases, and has held significant roles at Kala Pharmaceuticals and Santhera Pharmaceuticals. CEO Ted Read expressed confidence in Bazemore's strategic guidance in advancing Pulmatrix's inhaled therapies aimed at serious pulmonary diseases. Pulmatrix is developing innovative therapies using its patented iSPERSE™ technology, targeting conditions such as allergic bronchopulmonary aspergillosis and lung cancer.
On September 22, 2020, Pulmatrix (NASDAQ: PULM) announced updates on its product pipeline amid challenges from COVID-19. The company raised over $30M in 2020 through partnerships and public financing, enabling progress on three key programs.
PUR1800 Phase 1b dosing aims for Q1 2021, potentially triggering a $2M milestone from Johnson & Johnson. PUR3100, targeting migraine, is expected to advance to Phase 1/1b in Q1 2022. The Pulmazole Phase 2 study was halted due to COVID-19, with plans for a larger Phase 2b study once conditions improve.
Pulmatrix, Inc. (NASDAQ: PULM) reports its Q2 2020 financial results, highlighting key advancements in its partnerships and product development. The company anticipates a commercial launch of FEND, an OTC nasal hygiene product, in fall 2020, which could generate significant royalty revenues. A Phase 2 clinical study of Pulmazole was halted to pave the way for a new Phase 2b study starting in Q3 2021. As of June 30, 2020, Pulmatrix held $27.3 million in cash, down from $4.8 million in Q2 2019 revenue performance, with an ongoing net loss of $1.2 million in Q2 2020.