Relmada Therapeutics Inc Stock Price, News & Analysis

Relmada Therapeutics (Nasdaq: RLMD) reported its preliminary financial results for Q4 and full-year 2022, highlighting a net loss of $37.9 million, or $1.28 per diluted share, up from a loss of $34.4 million, or $1.80 per diluted share, a year prior. Full-year losses increased to $157 million from $125.8 million in 2021. The company is focused on advancing REL-1017 for major depressive disorder, making changes to the ongoing Study 302 and initiating Study 304. Cash, cash equivalents, and short-term investments totaled approximately $148.3 million as of December 31, 2022. A conference call is scheduled for March 23, 2023.

Relmada Therapeutics (Nasdaq: RLMD), a late-stage biotechnology firm specializing in CNS diseases, will announce its financial results for Q4 and full-year 2022 post-market on March 23, 2023. This will be followed by a corporate update conference call and webcast at 4:30 PM ET the same day. The company is advancing its lead program, REL-1017, targeting major depressive disorder as an adjunctive treatment. Forward-looking statements highlight potential risks, such as failure in clinical trial efficacy, regulatory approval challenges, and other uncertainties impacting future performance.

Relmada Therapeutics (Nasdaq: RLMD) announced the appointment of Fabiana Fedeli as an independent director on its Board of Directors. Fedeli, currently Chief Investment Officer at M&G Investments, brings extensive experience in international capital markets and corporate strategy. Her expertise is expected to enhance the Board's diversity and strengthen Relmada's potential commercialization efforts for its lead program, REL-1017, an adjunctive treatment for major depressive disorder (MDD). The Board looks forward to leveraging Fedeli’s insights for long-term shareholder value.

Relmada Therapeutics (Nasdaq: RLMD) has appointed Cedric O'Gorman, MD, as Chief Medical Officer. With over 20 years in life sciences, O'Gorman will oversee the clinical and regulatory aspects of the late-stage REL-1017 development program, targeting major depressive disorder (MDD). Previously, he held leadership roles in clinical development at Alpha Cognition and Axsome Therapeutics, focusing on CNS therapeutics. CEO Sergio Traversa emphasized O'Gorman's relevant expertise, particularly in aligning with REL-1017's development as they prepare for FDA regulatory discussions.

Relmada Therapeutics (Nasdaq: RLMD) announced the results of the RELIANCE I study, evaluating REL-1017 for Major Depressive Disorder. The study did not achieve its primary endpoint of significant improvement in depression symptoms compared to placebo. Despite this, the REL-1017 treatment arm showed a MADRS reduction of 15.1 points versus 12.9 points for placebo. A post-hoc analysis excluding two high enrolling centers revealed a 4.1 point difference. Relmada is implementing protocol changes for its ongoing RELIANCE II trial based on findings from RELIANCE I and III.