Welcome to our dedicated page for Beyond Air news (Ticker: XAIR), a resource for investors and traders seeking the latest updates and insights on Beyond Air stock.
Beyond Air Inc (NASDAQ: XAIR) is a clinical-stage medical technology company pioneering nitric oxide delivery systems for respiratory care. This news hub provides investors and healthcare professionals with essential updates on regulatory milestones, clinical trial progress, and technological advancements related to the LungFit™ platform.
Access timely press releases covering FDA communications, partnership announcements, and research developments in pulmonary hypertension treatment. Our curated collection includes updates on international regulatory strategies and peer-reviewed study publications, offering critical insights into the company's position within the respiratory therapy market.
Key content categories include clinical trial results, device approval updates, executive leadership changes, and scientific conference presentations. This resource enables stakeholders to track the company's progress in developing NO-based solutions for ventilator-associated pneumonia and chronic lung conditions.
Bookmark this page for streamlined access to material developments affecting XAIR's market position. For comprehensive analysis of how these updates may influence investment decisions, consult your financial advisor and review official SEC filings.
Beyond Air (NASDAQ: XAIR) announced that the U.S. FDA is reviewing its premarket approval submission for LungFit® PH to treat persistent pulmonary hypertension in newborns, aiming for a commercial launch in Q4 2021. The company raised $23.9 million to establish Beyond Cancer, an entity targeting ultra-high concentration nitric oxide for solid tumors. Positive interim results from the LungFit® GO pilot study for NTM lung infections were reported, with full data expected in 2022. Financially, the company reported zero revenue in Q1 2021, with a net loss of $8.7 million.
Beyond Air announces a $23.9 million equity private placement to establish Beyond Cancer, a new entity to advance its solid tumor pipeline with a focus on ultra-high concentration nitric oxide (UNO).
Led by Selena Chaisson, M.D., Beyond Cancer aims to leverage Beyond Air's expertise and intellectual property to develop new oncology treatments. Beyond Air will maintain 80% ownership and receive royalties on future revenues, allowing it to concentrate on its LungFit platform for respiratory diseases.
Beyond Air, Inc. (NASDAQ: XAIR) announced participation in the Piper Sandler 33rd Annual Virtual Healthcare Conference from November 30 to December 2, 2021. CEO Steve Lisi will provide a pre-recorded investor presentation and engage in virtual one-on-one meetings. The presentation will be accessible to registered attendees from November 22 to December 2, 2021. Beyond Air focuses on developing inhaled nitric oxide for respiratory conditions and solid tumors, utilizing its innovative LungFit® system.
Beyond Air, Inc. (NASDAQ: XAIR), a clinical-stage company, will announce its fiscal Q2 2021 results on November 11, 2021, at 4:30 PM ET. The conference call will provide insights into the financial performance and progress of its inhaled nitric oxide therapies for respiratory conditions and solid tumors. Beyond Air is focused on developing its LungFit® system, aiming to treat severe lung infections and pulmonary hypertension. For more information, please visit www.beyondair.net.
Beyond Air, Inc. (NASDAQ: XAIR) announced positive interim results from the LungFit® GO pilot study in Australia, focusing on self-administered high-concentration inhaled nitric oxide (NO) therapy for severe nontuberculous mycobacterial lung disease. At the data cutoff on September 6, 2021, eight subjects were safely titrated to 250 ppm NO without serious adverse events. The device is aimed at providing patients the freedom to self-administer treatment at home. Complete safety and efficacy results are expected in 2022.
Beyond Air, Inc. (NASDAQ: XAIR) has announced progress in its regulatory approval process for the LungFit® PH system. The Stage 1 Assessment Audit for European CE Mark approval has been completed, with expectations to receive the CE Mark in the first half of 2022. Concurrently, FDA inspections for US commercial launch remain ongoing, targeting a launch in Q4 2021 for treating persistent pulmonary hypertension of the newborn. LungFit® utilizes inhaled nitric oxide for respiratory conditions, aiming to transform treatment methodologies in hospitals and home settings.
Beyond Air, Inc. (NASDAQ: XAIR) announced that Steve Lisi, Chairman and CEO, will present at the Oppenheimer Fall Healthcare Life Sciences & MedTech Summit from September 20-23, 2021. His presentation is scheduled for September 22, 2021, at 9:05 AM ET. Beyond Air specializes in developing inhaled nitric oxide for respiratory conditions and gaseous NO for solid tumors. The LungFit® system allows precise NO delivery for various pulmonary diseases. For more information, visit beyondair.net.
Beyond Air, Inc. (NASDAQ: XAIR) announced the appointment of Douglas Larson as Chief Financial Officer, effective September 1, 2021, succeeding Douglas Beck, who will act as a consultant post-transition.
Larson brings over 20 years of international finance experience, previously serving at DBV Technologies and The Scotts Miracle-Gro Company. The company granted Larson an inducement stock option for 75,000 shares, exercisable at the last sale price on September 1, 2021. This strategic leadership change is positioned to guide Beyond Air as it transitions towards commercialization.
Beyond Air, Inc. (NASDAQ: XAIR) announced key updates, including ongoing FDA review for the LungFit® PH system to treat persistent pulmonary hypertension of the newborn (PPHN), with commercial launch expected in Q4 2021. Financial results for Q1 2021 showed revenue of $0, dropping from $229,000 in Q1 2020. R&D expenses decreased to $2.7 million, while general and administrative expenses rose to $3.9 million. The net loss for the quarter remained stable at $6.7 million but improved per share to ($0.31). The company holds $39.6 million in cash as of June 30, 2021, indicating a solid financial position.
Beyond Air (NASDAQ: XAIR) will report its financial results for the first fiscal quarter ended June 30, 2021, on August 10, 2021, during a conference call at 4:30 PM ET. The company focuses on developing inhaled nitric oxide treatments for respiratory conditions and solid tumors. Their innovative LungFit® system delivers precise doses of nitric oxide generated from ambient air. Upcoming financial disclosures will provide insights into the company's progress in clinical trials aimed at addressing serious lung infections and other pulmonary diseases.
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