Welcome to our dedicated page for Vivani Medical news (Ticker: VANI), a resource for investors and traders seeking the latest updates and insights on Vivani Medical stock.
Vivani Medical Inc (VANI) is a preclinical-stage biopharmaceutical innovator developing long-term implantable drug delivery systems through its proprietary NanoPortal™ technology. This page provides authorized news updates and press releases about the company's advancements in chronic disease treatment solutions.
Investors and industry observers will find timely updates on clinical development milestones, strategic partnerships, and regulatory progress. Our curated news collection focuses on factual reporting of implantable device innovations, research collaborations, and therapeutic application developments across Vivani's Biopharm and Neuromodulation divisions.
Key content categories include updates on NanoPortal™ technology enhancements, preclinical trial results, intellectual property developments, and executive leadership announcements. All information is verified through primary sources to ensure compliance with financial disclosure standards.
Bookmark this page for direct access to Vivani Medical's official communications, presented in chronological order with clear date stamps. For comprehensive understanding of the company's technology platform, review our detailed company profile alongside these news updates.
Vivani Medical (Nasdaq: VANI), a biopharmaceutical company developing miniature, ultra long-acting, subdermal drug implants, has announced its participation in the H.C. Wainwright 26th Annual Global Investment Conference from September 9-11, 2024 in New York. CEO Adam Mendelsohn will host one-on-one investor meetings and deliver a company overview presentation on September 11, 2024, at 10 a.m. ET in the Adams Room at Lotte New York Palace.
The presentation will be accessible via webcast and on Vivani's website. This event provides an opportunity for Vivani to showcase its innovative drug delivery technology to potential investors and industry professionals, potentially impacting its market position and investor relations.
Vivani Medical (Nasdaq: VANI) reported Q2 2024 financial results and provided a business update. Key highlights include:
- Initiation of NPM-115 clinical program expected in Q4 2024, evaluating a miniature, subdermal GLP-1 implant for obesity
- FDA clearance of IND for NPM-119, advancing the GLP-1 implant portfolio
- Cash position of $26.3 million, supporting operations into H2 2025
- Q2 2024 net loss of $5.3 million, down from $6.5 million in Q2 2023
- R&D expenses decreased 9% to $3.5 million, while G&A expenses reduced 31% to $2.2 million
The company aims to address medication non-adherence and improve tolerability in obesity and chronic weight management with its long-acting GLP-1 implants.
Vivani Medical has announced plans to begin the first clinical study for its NPM-115 program, focused on a 6-month GLP-1 (exenatide) implant for chronic weight management in obese or overweight patients, in Q4 2024 in Australia, pending regulatory approval. The study, named LIBERATE-1, will test the safety, tolerability, and pharmacokinetic profile of the implant. Patients will receive weekly semaglutide injections for 8 weeks before randomization into three treatment groups. Results are expected in 2025. The company has prioritized obesity treatment due to significant medical need and market demand. Positive preclinical data and FDA clearance for a related program (NPM-119) support the initiative.
Vivani Medical has received FDA clearance for its Investigational New Drug Application (IND) and the lifting of a clinical hold on NPM-119, enabling the initiation of the LIBERATE-1 Phase 1 clinical trial. This trial will assess the safety, tolerability, and pharmacokinetics of NPM-119, a miniature six-month GLP-1 implant for type 2 diabetes. The LIBERATE-1 trial will be the first clinical application of Vivani's NanoPortal™ implant technology in humans. NPM-119 aims to address medication non-adherence and improve tolerability issues associated with oral and injectable type 2 diabetes medications. Vivani is also developing NPM-115 and NPM-139 for chronic weight management. The company anticipates starting the LIBERATE-1 trial in the second half of the year.
Vivani Medical (Nasdaq: VANI) announced positive data on its OKV-119 exenatide implant for feline weight loss, published in BMC Veterinary Research. The study highlights that a single OKV-119 implant delivers exenatide over 3 months, leading to significant weight loss in cats. This reinforces the potential of Vivani's NanoPortal™ technology for addressing obesity in both humans and animals. Vivani's development partner, Okava Pharmaceuticals, is exploring the use of OKV-119 for pre-diabetes, diabetes, and obesity in companion felines. The promising results support further clinical evaluations of the implant for chronic weight management in humans.
Vivani Medical (Nasdaq: VANI) has provided a business update and first quarter 2024 financial results. The company is advancing the development of GLP-1 implants for chronic weight management and type 2 diabetes. Key highlights include the initiation of preclinical activities for NPM-115 and the expected IND submission by year-end. A $15-million stock offering in March will fund operations until the second half of 2025. Vivani reported a cash balance of $31.0 million as of March 31, 2024, a net loss of $6.0 million, and a slight reduction in R&D and administrative expenses compared to the previous year.
Vivani Medical, Inc. (Nasdaq: VANI) will present at the TIDES Conference 2024 in Boston to discuss its lead asset NPM-115 for chronic weight management and NPM-119 for type 2 diabetes. The presentation will cover the Company's NanoPortal™ platform and updates on its programs.
FAQ
What is the current stock price of Vivani Medical (VANI)?
What is the market cap of Vivani Medical (VANI)?
