Financial StabilityReviva announced an equity financing of $9M in gross proceeds raised through the issuance of shares of common stock, with additional funds raised from warrant exercises, extending their financial runway.
Regulatory AdvancementsThe upcoming pre-NDA meeting with the FDA will clarify the regulatory path for brilaroxazine in schizophrenia and determine whether an additional P3 study will be required. A favorable outcome could position Reviva for an NDA submission based on positive P2, P3 (RECOVER-1), 1-year open label extension study, and pharmacology study data.
Research And DevelopmentBrilaroxazine is scheduled to present late-breaking poster on anti-inflammatory biomarker data at the Society for Neuroscience Annual Meeting, which could raise awareness of the company's advancements in treating schizophrenia.