Reduction in Operating Loss
NRx Pharmaceuticals reduced its quarterly operating loss by approximately 50% year-over-year, marking a significant improvement in financial performance.
Progress on Drug Approval Applications
NRx Pharmaceuticals is advancing three drug approval applications, including NRX-100 and NRX-101, with NRX-100 receiving a major expansion of the Fast Track designation from the FDA.
Strengthening of Balance Sheet
The company added long-term healthcare specialist investors with a 1-year lockup agreement, avoiding dilutive features, and reduced the burden of convertible debt.
PDUFA Fee Waiver
The FDA granted a PDUFA fee waiver, saving the company $4.3 million in filing fees, highlighting the drug's importance to public health.
Hope Therapeutics Network Development
NRx is finalizing the purchase of its first interventional psychiatry clinics, with state regulatory approval now in hand, and anticipates strong revenue and EBITDA growth.
Significant Funding Secured
NRx closed a direct offering, raising $6.5 million without warrants or pricing resets, supporting operations into 2026.