Welcome to our dedicated page for Grace Therapeutics news (Ticker: GRCE), a resource for investors and traders seeking the latest updates and insights on Grace Therapeutics stock.
Our selection of high-quality news articles is accompanied by an expert summary from Rhea-AI, detailing the impact and sentiment surrounding the news at the time of release, providing a deeper understanding of how each news could potentially affect Grace Therapeutics's stock performance. The page also features a concise end-of-day stock performance summary, highlighting the actual market reaction to each news event. The list of tags makes it easy to classify and navigate through different types of news, whether you're interested in earnings reports, stock offerings, stock splits, clinical trials, fda approvals, dividends or buybacks.
Designed with both novice traders and seasoned investors in mind, our page aims to simplify the complex world of stock market news. By combining real-time updates, Rhea-AI's analytical insights, and historical stock performance data, we provide a holistic view of Grace Therapeutics's position in the market.
Grace Therapeutics (Nasdaq: GRCE) has announced that CEO Prashant Kohli will participate in the TD Cowen 45th Annual Health Care Conference in Boston, MA, from March 3-5, 2025. Kohli will deliver a presentation on March 4, 2025, at 2:30pm ET, which will be available via webcast, and will also conduct one-on-one investor meetings.
The company, formerly known as Acasti Pharma, is advancing GTx-104, a novel injectable formulation of nimodipine being developed for IV infusion to address unmet medical needs in aneurysmal subarachnoid hemorrhage (aSAH) patients.
Additionally, Grace Therapeutics hosted a virtual key opinion leader (KOL) event on November 20, 2024, featuring experts Dr. Abhishek Ray from University Hospitals and Dr. Andrew Webb from Massachusetts General Hospital, who discussed the high unmet medical need and current treatment landscape for aSAH, a rare and life-threatening medical emergency. A replay of this event is available on the company's website.
Grace Therapeutics (NASDAQ: GRCE) reported its Q3 FY2025 financial results and business updates. The company announced that its Phase 3 STRIVE-ON safety trial for GTx-104, an injectable nimodipine formulation for aSAH patients, met its primary endpoint and showed improved clinical outcomes compared to oral administration.
The company secured a private placement financing of $15 million in upfront gross proceeds, with potential for additional $15 million through warrant exercises. The net proceeds from initial funding were $13.8 million. For Q3 FY2025, Grace reported a net loss of $4.2 million ($0.36 per share), compared to $2.4 million loss in Q3 FY2024. R&D expenses increased to $2.2 million from $1.4 million year-over-year. As of December 31, 2024, cash position stood at $11.1 million.
The company plans to submit its New Drug Application (NDA) for GTx-104 by June 2025.
Grace Therapeutics (NASDAQ: GRCE) has secured a private placement financing of up to $30 million, led by Nantahala Capital and ADAR1 Partners, LP. The deal includes $15 million in upfront gross proceeds and potential additional $15 million through warrant exercises.
The company will issue 4,418,292 shares of common stock (or pre-funded warrants) and accompanying warrants at a combined price of $3.395 per share. The warrants will be exercisable immediately at the same price and will expire on the earlier of 60 days after FDA approval of GTx-104 or September 25, 2028.
The funds will support general corporate purposes and pre-commercial development of GTx-104, a novel injectable nimodipine formulation for aneurysmal Subarachnoid Hemorrhage (aSAH) patients. The private placement is expected to close on February 11, 2025.
Grace Therapeutics (NASDAQ: GRCE) announced positive results from its Phase 3 STRIVE-ON safety trial for GTx-104, an injectable formulation of nimodipine for aneurysmal Subarachnoid Hemorrhage (aSAH) patients. The trial, involving 102 patients, met its primary endpoint with a 19% reduction in clinically significant hypotension compared to oral nimodipine (28% vs 35%).
Key findings include: 54% of GTx-104 patients achieved ≥95% relative dose intensity versus 8% for oral nimodipine; a 29% relative increase in favorable outcomes at 90 days; improved quality of life measures; and fewer ICU readmissions and ventilator days. While safety profiles were comparable, there were eight deaths in the GTx-104 arm versus four in the oral nimodipine arm, all attributed to disease severity.
The company plans to submit a New Drug Application (NDA) in the first half of 2025.
Grace Therapeutics (Nasdaq: GRCE), a late-stage biopharma company, has announced its participation in key investor events for January 2025. The company, which is developing GTx-104, a novel injectable formulation of nimodipine for aneurysmal subarachnoid hemorrhage (aSAH) patients, will be represented by CEO Prashant Kohli at two major events:
- 14th Annual LifeSci Partners Corporate Access Event on January 13, 2025
- BIO One-on-One Partnering™ on January 14, 2025
The company recently hosted a virtual KOL event on November 20, 2024, featuring experts Dr. Abhishek Ray from University Hospitals and Dr. Andrew Webb from Massachusetts General Hospital, who discussed the unmet medical needs and treatment landscape for aSAH patients.
Grace Therapeutics (NASDAQ: GRCE) announced its participation in the American Society of Health-System Pharmacists (ASHP) mid-year clinical meeting from December 8-12, 2024, in New Orleans. The company will focus on educating health-system pharmacists about unmet needs in aneurysmal subarachnoid hemorrhage (aSAH) treatment and their product GTx-104, a novel injectable nimodipine formulation.
The company expects data readout from their Phase 3 STRIVE-ON trial in Q1 2025. The ASHP represents 60,000 pharmacists and healthcare professionals across various patient care settings. Additionally, Grace recently hosted a virtual KOL event on November 20, 2024, featuring experts discussing aSAH treatment needs.
Grace Therapeutics (NASDAQ: GRCE) reported Q2 fiscal 2025 financial results, highlighting completion of patient enrollment in Phase 3 STRIVE-ON safety trial for GTx-104, their injectable nimodipine formulation for aSAH treatment. The company posted a net loss of $3.4 million ($0.30 per share) compared to $3.3 million last year. R&D expenses increased to $3.0 million from $0.5 million, while G&A expenses rose to $1.9 million. With $15.1 million in cash, the company expects runway into Q2 2026. Grace anticipates STRIVE-ON trial data readout in Q1 2025 and NDA submission in 1H 2025.
Grace Therapeutics (Nasdaq: GRCE) announced a virtual Key Opinion Leader (KOL) event scheduled for November 20, 2024, at 2:00 PM ET. The event will focus on GTx-104, their novel injectable formulation of nimodipine developed for aneurysmal Subarachnoid Hemorrhage (aSAH), a rare and life-threatening condition.
Featured speakers include Dr. Abhishek Ray from University Hospitals and Dr. Andrew Webb from Massachusetts General Hospital. They will discuss the unmet medical needs and current treatment landscape for aSAH patients. The presentation will be followed by a Q&A session.
FAQ
What is the current stock price of Grace Therapeutics (GRCE)?
What is the market cap of Grace Therapeutics (GRCE)?
