Welcome to our dedicated page for Altamira Therapeutics news (Ticker: CYTO), a resource for investors and traders seeking the latest updates and insights on Altamira Therapeutics stock.
Overview of Altamira Therapeutics Ltd. (CYTO)
Altamira Therapeutics Ltd., headquartered in Hamilton, Bermuda, with principal operations in Basel, Switzerland, is a biotechnology company dedicated to addressing critical unmet medical needs through innovative therapeutic solutions. Established in 2003 under the name Auris Medical, the company has evolved to focus on three distinct areas: RNA therapeutics, nasal sprays, and treatments for hearing-related conditions. Altamira's shares trade on the Nasdaq Capital Market under the ticker symbol "CYTO."
Core Business Areas
- RNA Therapeutics: Altamira leverages its proprietary OligoPhore™ and SemaPhore™ platforms to develop RNA-based therapies targeting extrahepatic conditions. These platforms enable the delivery of therapeutic nucleic acids to a wide range of tissues, offering potential solutions for diseases that remain inadequately addressed by traditional treatments. Currently in preclinical stages, this segment positions the company within the rapidly advancing field of genetic medicine.
- Nasal Sprays: The company’s Bentrio™ nasal spray is a commercially available product designed to provide a protective barrier against airborne viruses and allergens. Additionally, Altamira is developing AM-125, a nasal spray for the treatment of vertigo, which is in Phase 2 clinical trials. These products highlight the company's expertise in intranasal drug delivery technologies, addressing both preventive and therapeutic needs.
- Hearing-Related Therapies: Altamira is advancing clinical-stage programs for intratympanic treatments of tinnitus and hearing loss. Keyzilen® and Sonsuvi®, both in Phase 3 trials, aim to provide effective solutions for these challenging conditions, showcasing the company’s commitment to otology and auditory health.
Market Position and Differentiation
Altamira operates at the intersection of biotechnology and pharmaceuticals, targeting diverse market segments with high unmet needs. The RNA therapeutics segment positions the company within a competitive yet promising area of precision medicine, where it faces competition from both established biotech firms and emerging startups. The nasal spray market, particularly for virus and allergen protection, is highly relevant in today’s health-conscious environment, providing Altamira with a commercially viable product in Bentrio™. Meanwhile, the focus on hearing-related therapies addresses a niche yet significant market, with few competitors offering advanced intratympanic solutions.
Strategic Focus and Expertise
Altamira's strategy revolves around leveraging its proprietary platforms and clinical expertise to deliver innovative therapies. The OligoPhore™ and SemaPhore™ platforms exemplify the company’s focus on cutting-edge RNA delivery technologies, which could open doors to partnerships or licensing opportunities. In parallel, the commercialization of Bentrio™ underscores the company's ability to translate research into market-ready products. The advanced clinical stages of Keyzilen® and Sonsuvi® further demonstrate Altamira’s commitment to addressing complex medical conditions in otology.
Competitive Landscape
Altamira Therapeutics competes in dynamic and diverse markets, each with its own set of challenges and opportunities. In RNA therapeutics, the company faces competition from firms specializing in genetic medicine and nucleic acid delivery systems. The nasal spray market includes competitors offering similar protective or therapeutic solutions, requiring Altamira to emphasize the unique benefits of Bentrio™. In the hearing-related therapy space, the company’s intratympanic treatments set it apart, as few competitors focus on this specialized area of otology.
Conclusion
Altamira Therapeutics Ltd. combines innovation and expertise to address unmet medical needs across its three core business areas. By advancing RNA therapeutics, commercializing nasal sprays, and developing hearing-related therapies, the company positions itself as a dynamic player in the biotechnology and pharmaceutical industries. With a diversified portfolio and a focus on cutting-edge technologies, Altamira continues to explore opportunities in precision medicine, intranasal drug delivery, and auditory health.
Altamira Therapeutics (NASDAQ:CYTO) announced that animal study data presented at the American Heart Association Annual Scientific Sessions 2022 demonstrated effective delivery of SOD2 mRNA using its SemaPhore technology. The research showed significant improvements in mitochondrial protection and plaque stability in atherosclerosis models. Following treatment, mice exhibited a 25% reduction in inflammatory macrophages and a 98% increase in smooth muscle cells, indicating less plaque vulnerability. This highlights the potential of nanoparticle-based mRNA therapeutics in addressing atherosclerosis complications.
Altamira Therapeutics Ltd. (NASDAQ:CYTO) announced its participation in the TIDES Europe event from November 16-18, 2022, in Vienna, Austria. Covadonga Pañeda, Ph.D., Chief Development Officer, will present on the benefits of the OligoPhoreTM / SemaPhoreTM RNA delivery technology and discuss two proprietary RNA programs: AM-401 for KRAS-driven cancers and AM-411 for rheumatoid arthritis. Altamira aims to become a leader in RNA delivery technology through partnerships and out-licensing its platforms and programs.
Altamira Therapeutics Ltd. (NASDAQ: CYTO) announced on November 8, 2022, that it has regained compliance with Nasdaq listing requirements. The company received confirmation that its share price had been at or above $1.00 for ten consecutive business days, thus meeting the Minimum Bid Price Requirement. This marks a significant milestone for Altamira, ensuring its continued listing on the Nasdaq exchange while it focuses on advancing its pipeline of therapeutics targeting unmet medical needs.
Altamira Therapeutics Ltd. (NASDAQ: CYTO) announced the publication of a peer-reviewed study in the International Archives of Allergy and Immunology on Bentrio, a drug-free nasal spray for allergic rhinitis. The study demonstrated Bentrio's rapid onset of action and superior efficacy compared to a marketed HPMC spray, with participants rating it twice as favorable. With FDA clearance obtained in June 2022, Bentrio is currently distributed in Europe and Asia, and plans for divestiture in North America and Europe are in progress.
Altamira Therapeutics Ltd. (NASDAQ:CYTO) announced a 1-for-20 reverse stock split, effective October 25, 2022, to meet NASDAQ's $1.00 minimum bid price requirement. This action will consolidate every 20 shares into one, reducing the total shares outstanding from approximately 21.5 million to about 1.1 million. The reverse split will not affect the percentage ownership or voting rights of shareholders. The authorized common shares will decrease to 5 million, with a new par value of CHF 0.20 per share, while fractional shares will be compensated in cash.
Altamira Therapeutics (NASDAQ:CYTO) has entered a definitive agreement to sell a 90% stake in its subsidiary Zilentin, focusing on inner ear therapeutics. The deal includes an immediate cash payment of $2 million and potential future payments totaling $55 million. Zilentin will acquire the option to purchase remaining inner ear assets for $25 million cash. This transaction aligns with Altamira's strategy to concentrate solely on RNA delivery technology. CEO Thomas Meyer will oversee Zilentin while continuing at Altamira, which is also working to divest its Bentrio nasal spray by year-end.
Altamira Therapeutics (Nasdaq: CYTO) will participate in the RNA Leaders USA Congress on October 18-19, 2022, in Boston, MA. Chief Scientific Officer Samuel Wickline, MD, will present their OligoPhore/SemaPhore delivery platform, emphasizing its advantages for siRNA therapeutics. Key benefits include a universal formulation process, extrahepatic delivery with minimal off-target effects, and deep tissue penetration. Altamira aims to out-license this innovative platform to biotech firms and is developing internal programs targeting KRAS-driven cancers and rheumatoid arthritis.
Altamira Therapeutics (NASDAQ:CYTO) has resumed participant enrollment in its NASAR clinical trial for the Bentrio nasal spray aimed at treating seasonal allergic rhinitis in Australia, coinciding with the onset of pollen season. The study will include 100 patients and compare the safety and efficacy of Bentrio against a saline nasal spray, with data results expected by Q1 2023. The trial, initially started in fall 2021, faced a temporary suspension in spring 2022. Interim data previously assisted in obtaining FDA clearance for Bentrio.
Altamira Therapeutics Ltd. (NASDAQ:CYTO) announces the re-launch of its Bentrio nasal spray in selected European countries, starting in Germany in early October 2022. The product aims to alleviate allergic symptoms from airborne allergens like pollen and dust mites. Bentrio's protective effects have been supported by clinical trials. The company is also engaged in partnership discussions for distribution in Europe and the US, expected to conclude by Q4 2022. Additionally, interim data from ongoing clinical studies may support further labeling expansions.
Altamira Therapeutics (NASDAQ:CYTO) announced it has reached its extended enrollment target of 160 patients in the COVAMID clinical trial, which evaluates the efficacy of Bentrio™ nasal spray for acute COVID-19 treatment. Top-line data is anticipated in Q4-2022. Bentrio, a drug-free nasal spray, is designed to protect against airborne viruses and allergens and has recently received OTC marketing clearance in the US for allergic rhinitis. A successful trial outcome could expand its product label to include viral infections.
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