Reviva Pharmaceutcls Hldgs Inc Stock Price, News & Analysis

Reviva Pharmaceuticals Holdings (NASDAQ: RVPH), a late-stage pharmaceutical company focused on developing therapies for central nervous system (CNS), inflammatory and cardiometabolic diseases, has announced its participation in the upcoming Lytham Partners 2025 Investor Healthcare Summit.

The company's Founder, President, and CEO, Dr. Laxminarayan Bhat, will deliver a webcasted presentation on Monday, January 13, 2025, at 12:30 p.m. ET. The virtual event will be accessible through the conference homepage at lythampartners.com/health2025/ or directly via the company-specific link.

Investors will have the opportunity to schedule one-on-one meetings following the event by contacting Lytham Partners representatives. A replay of the presentation will be made available through the same web links.

Reviva Pharmaceuticals Holdings (NASDAQ: RVPH) has announced the pricing of an $18.0 million public offering, consisting of 12,000,000 shares of common stock along with warrants. The offering includes series A warrants to purchase up to 6,000,000 shares and series B warrants for up to 12,000,000 shares.

Each share is being sold at $1.50 with accompanying warrants. Series A warrants are exercisable immediately at $1.50 per share and expire in six months, while series B warrants, also at $1.50 per share, expire in five years. The offering is expected to close around December 18, 2024.

Citizens JMP is serving as the sole bookrunner. The company plans to use the proceeds for research and development activities, working capital, and general corporate purposes.

Reviva Pharmaceuticals (NASDAQ: RVPH) has announced a proposed public offering of common stock (or common share equivalents) and warrants to purchase common stock. The company, which develops therapies for CNS, inflammatory, and cardiometabolic diseases, plans to use the proceeds for research and development activities and general corporate purposes.

Citizens JMP Securities is acting as the sole bookrunner for the offering, which will be conducted under a previously filed shelf registration statement. The final terms and size of the offering will depend on market conditions, with no guarantee of completion.

Reviva Pharmaceuticals announced positive preliminary topline data for the open-label extension (OLE) portion of its Phase 3 RECOVER study evaluating brilaroxazine in schizophrenia. The study demonstrated that once-daily brilaroxazine showed favorable long-term safety and robust broad-spectrum efficacy over 1 year.

The drug was generally well-tolerated with low rates of adverse events and a discontinuation rate of 35%. All three doses (15 mg, 30 mg, 50 mg) were efficacious. Key findings include:

• 435 patients enrolled in the OLE
• 113 patients completed 1-year treatment
• Clinically meaningful decreases in PANSS scores: Total (-18.6), Positive (-5.2), and Negative (-4.5) symptoms
• No drug-related serious adverse events
• Common adverse events: weight increase (3.2%), insomnia (1.8%), somnolence (1.6%)

Full data from the OLE is expected in Q1 2025.

Reviva Pharmaceuticals reported Q3 2024 financial results and progress in its brilaroxazine clinical program for schizophrenia. The company announced that 108 patients have completed one year of treatment in the open-label extension (OLE) trial, with over 250 patients completing 6 months. Vocal biomarker speech latency data from the RECOVER trial supported brilaroxazine's efficacy for negative symptoms. The company reported a net loss of $8.4 million ($0.25 per share) for Q3 2024, compared to $11.3 million in Q3 2023. Cash position stood at $5.6 million as of September 30, 2024. Topline data from the OLE trial is expected in December 2024, with potential NDA submission targeted for Q2 2026.

Reviva Pharmaceuticals announced an update on the ongoing 1-year open-label extension (OLE) study of Brilaroxazine in patients with schizophrenia. The study aims to assess the long-term safety and tolerability of the drug. As of November 12, 2024, 108 patients have completed 12 months of treatment, and over 250 patients have completed 6 months. Long-term safety data from 100 patients who completed one year of treatment is vital for the planned New Drug Application (NDA) to the FDA. Topline data from this study is expected in December 2024, with the full 12-month safety study concluding in Q1 2025.

Reviva Pharmaceuticals (NASDAQ: RVPH) announced it will present positive speech latency data for brilaroxazine in schizophrenia from their Phase 3 RECOVER trial at the CNS Summit 2024. The presentation titled 'Enrichment Based on Speech Latency Enhances Treatment Effects in a Phase III Study of Brilaroxazine' will be delivered as a poster presentation by Dr. Jan Sedway from WCG Clinical on November 12th in Boston, Massachusetts.

Reviva Pharmaceuticals (NASDAQ: RVPH), a late-stage pharmaceutical company focused on central nervous system, inflammatory and cardiometabolic diseases, has announced its participation in the UBS Global Healthcare Conference. The company's Founder, President, and CEO, Laxminarayan Bhat, Ph.D., will engage in a fireside chat at the conference, which is scheduled for November 11-14, 2024, in Rancho Palos Verdes, CA. The presentation is specifically scheduled for Thursday, November 14, 2024, at 8:00 a.m. PT.

Reviva Pharmaceuticals Holdings (NASDAQ: RVPH), a late-stage pharmaceutical company focusing on central nervous system (CNS), inflammatory, and cardiometabolic diseases, has announced its participation in the 2024 Maxim Healthcare Virtual Summit. The company's Founder, President, and CEO, Laxminarayan Bhat, Ph.D., will engage in a fireside chat during the event.

The virtual summit is scheduled for October 15-17, 2024, with Reviva's fireside chat taking place on Tuesday, October 15, 2024, at 3:30 p.m. ET. Interested parties can access the event through a provided registration link. This participation underscores Reviva's commitment to engaging with the healthcare investment community and showcasing its progress in developing therapies for unmet medical needs.