Welcome to our dedicated page for Relief Hldg news (Ticker: RLFTF), a resource for investors and traders seeking the latest updates and insights on Relief Hldg stock.
Relief Therapeutics Holding SA (OTCQB: RLFTF), historically known as Relief Therapeutics, regularly issues news updates covering its biopharmaceutical pipeline, corporate milestones, and, more recently, its transformation into MindMaze Therapeutics Holding SA through a business combination with NeuroX Group SA. Company press releases describe a focus on rare dermatological, metabolic, and respiratory diseases, along with digital neurotherapeutics and an AI-powered brain health platform following the combination.
News items for RLFTF include clinical and regulatory developments such as FDA designations and meeting outcomes for RLF-TD011 in epidermolysis bullosa, and pivotal bioequivalence study results for RLF-OD032, a liquid sapropterin formulation for phenylketonuria. Investors and observers can also find updates on corporate governance events like annual general meetings, half-year and annual report publications, and shareholder approvals for strategic transactions.
Coverage further extends to transaction-related announcements, including the proposed and completed business combination with NeuroX, details on share exchanges, and the renaming of the company to MindMaze Therapeutics Holding SA. Subsequent communications describe the combined company’s activities in digital neurorehabilitation and neurological care, while noting that it continues to manage Relief’s preexisting biopharmaceutical assets.
By following RLFTF news, readers can track the evolution of Relief’s rare disease programs, its regulatory interactions, and the integration of its portfolio into the broader MindMaze Therapeutics platform. This news stream provides context on how the company positions its therapies and digital technologies within the rare disease and neurology landscapes.
Relief Therapeutics reported its 2020 financial results on April 15, 2021, highlighting a strong cash position of CHF 43.1 million, up from CHF 0.1 million in 2019. Key developments included advancement in the clinical trials for RLF-100 (aviptadil) for COVID-19 and a new collaboration for ACER-001 targeting orphan diseases. Despite a significant EBITDA loss of CHF 20.3 million, the company successfully raised CHF 58 million in equity financing throughout 2020. Looking ahead, Relief plans to expand its pipeline and pursue regulatory submissions for its lead projects.
Relief Therapeutics Holding AG has appointed J.J. Scherpbier as Manufacturing and Supply Chain Consultant, effective April 1, 2021. Mr. Scherpbier, with over 25 years of experience in pharmaceutical development, will focus on establishing a supply chain for ACER-001, a drug for Urea Cycle Disorders. The company aims to diversify its portfolio and enhance its development capabilities, particularly for RLF-100 (aviptadil), which is in late-stage testing for COVID-19 related respiratory issues. Relief is listed on the SIX Swiss Exchange (RLF) and OTCQB (RLFTF).
NeuroRx reported promising outcomes from its Phase 2b/3 trial of ZYESAMI™ (aviptadil acetate) for COVID-19-induced respiratory failure. The trial, involving 196 patients across 10 sites, met its primary endpoints at 28 days (P = .014) and 60 days (P = .013). Notably, patients treated with ZYESAMI™ had a 75% recovery rate by day 60, outperforming 55% in the placebo group (P = .036). The drug also significantly increased survival rates, particularly among patients receiving High Flow Nasal Cannula (P = .007). NeuroRx plans to submit an EUA application to the FDA and expand its trials further.
Relief Therapeutics Holding AG announces progress on its lead compound RLF-100(TM) (aviptadil) in collaboration with NeuroRx, Inc. They are evaluating the feasibility of formulating RLF-100(TM) as a dry powder using Thin-Film Freezing (TFF) technology. This method may enhance drug delivery, allowing up to 75% deposition in the lungs and eliminating cold chain shipping. The company is focused on advancing treatments for respiratory diseases, particularly related to COVID-19, with ongoing late-stage clinical trials. Relief holds a U.S. patent for RLF-100(TM).
Relief Therapeutics (OTCQB: RLFTF) has announced a private placement agreement to sell 41,459,370 shares at CHF 0.2412 each, aiming to raise approximately CHF 10 million. The offering is set to close around March 16, 2021, pending customary conditions. Proceeds will be used to enrich the drug pipeline and for corporate purposes. CFO Jack Weinstein highlighted this financing as a crucial step to broaden their pipeline, particularly in relation to RLF-100, a candidate for COVID-19 treatment undergoing late-stage trials.
Relief Therapeutics has increased its registered share capital from 3,246,727,248 to 3,371,727,248 shares, issuing 125,000,000 new shares at CHF 0.01 each. These shares, subscribed by Relief Therapeutics International SA, will be listed on the SIX Swiss Exchange around March 11, 2021, allowing for greater financial flexibility. The company is focused on developing RLF-100TM (aviptadil) for severe COVID-19 cases, currently in late-stage clinical trials.
Relief Therapeutics announced updates on its lead compound RLF-100(TM) (aviptadil), which is in advanced clinical trials for treating respiratory failure in critical COVID-19 patients. Data from a Phase 2b/3 trial, managed by NeuroRx, indicates that RLF-100(TM) has shown promising results, significantly accelerating patient recovery. The company holds various patents for the drug and focuses on clinical-stage programs for respiratory diseases. It is publicly traded under the symbols RLF in Switzerland and RLFTF in the U.S.
NeuroRx announced positive interim results for ZYESAMI™ (aviptadil) in a Phase 2b/3 trial for treating respiratory failure in critically ill Covid-19 patients. The drug showed a 35% higher likelihood of recovery by day 28 compared to placebo, with a median 10-day acceleration in recovery time. As High Flow Nasal Oxygen becomes the main treatment for such patients, NeuroRx plans to apply for Emergency Use Authorization if positive trends continue. The trial involved 10 U.S. hospitals and is part of a collaboration with RELIEF THERAPEUTICS. NeuroRx is also completing a business combination with Big Rock Partners Acquisition Corporation (BRPA).
On February 9, 2021, NeuroRx and Relief Therapeutics announced preliminary results from the Phase 2b/3 trial of ZYESAMI™ in COVID-19 patients experiencing respiratory failure. The trial indicated significant improvements for patients receiving ZYESAMI compared to those on placebo, including earlier hospital discharge and reduced ICU time. The data suggests a potential Emergency Use Authorization submission for ZYESAMI, indicating its importance as the first drug specifically targeting critically ill COVID-19 patients. However, primary endpoint results are still pending.
Relief Therapeutics Holding AG announced the immediate resignation of board member Thomaz Burckhardt, who is stepping down to focus on other professional interests. Chairman Raghuram Selvaraju expressed gratitude for Burckhardt's contributions. The company is seeking candidates to fill the vacancy with individuals who have substantial experience in life sciences and healthcare. Relief continues to prioritize its clinical-stage programs, notably RLF-100TM, currently being tested for respiratory issues related to COVID-19.
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