NASDAQ Compliance Achieved
Acurx Pharmaceuticals effected a 1-for-20 reverse stock split, regaining compliance with NASDAQ listing rules with a minimum bid price of $1 per share and a stockholder equity threshold of $2.5 million.
Patent Expansion
The Australian Patent Office granted a new patent for DNA polymerase 3C inhibitors, adding to existing patents in the U.S., Israel, Japan, and India, strengthening intellectual property for ACX-375C program.
Successful Presentation at ID Week
Acurx was selected to present at ID Week in Atlanta, showcasing ibezapolstat's microbiome-sparing properties and new colonic microbiome data, indicating a low probability of increasing risk for certain infections.
Publication in Nature Communications
Results from a collaboration with Leiden University Medical Center were published, revealing structural biology research on ibezapolstat, marking an important milestone in scientific collaboration.
Financial Position Improvement
The company ended the quarter with $5.9 million in cash, compared to $3.7 million at the end of 2024, and raised additional funds from warrant exercises and equity line of credit.