Advances in Regulatory Process
NRx has advanced its lead candidates, NRX-100 and NRX-101, in the regulatory process with the U.S. FDA, including the initiation of a new drug application for NRX-100 for the treatment of suicidal depression.
Financial Improvements
The company ended the quarter with more cash on the balance sheet than in prior quarters and reduced core corporate expenses. Net loss decreased from $6.5 million to $5.5 million year-over-year for the first quarter.
Establishment of HOPE Therapeutics
Progress in establishing the HOPE Therapeutics Clinic network across the U.S. with non-dilutive financing and acquisition of three state-of-the-art interventional psychiatry practices.
Innovative Drug Development
Filing a patent for a novel preservative-free formulation of NRX-100 potentially extending protection into 2045. Development of pH-neutral ketamine for subcutaneous administration.
Potential Market Opportunity
NRX-100 and NRX-101 represent multibillion-dollar opportunities, with expected market exclusivity and broad insurance reimbursements upon FDA approval.