Welcome to our dedicated page for Lipocine news (Ticker: LPCN), a resource for investors and traders seeking the latest updates and insights on Lipocine stock.
Lipocine Inc. (NASDAQ: LPCN) is a specialty pharmaceutical company that focuses on the development and commercialization of pharmaceutical products leveraging their proprietary Hydroance drug delivery technology. Founded in 1997 and headquartered in Salt Lake City, Utah, Lipocine aims to provide non-invasive delivery solutions for hormones and other compounds, particularly in the fields of metabolic and endocrine disorders.
The company's flagship product, TLANDO, is an oral testosterone replacement therapy approved by the FDA for conditions associated with a deficiency of endogenous testosterone, or hypogonadism, in adult males. Alongside TLANDO, Lipocine has a robust pipeline of products in various stages of clinical development:
- LPCN 1144: Targeted for the treatment of non-cirrhotic NASH (nonalcoholic steatohepatitis).
- LPCN 1148: Developed for managing symptoms associated with liver cirrhosis, including sarcopenia and hepatic encephalopathy.
- LPCN 1154: An oral brexanolone for the treatment of postpartum depression.
- LPCN 2101: Aimed at the treatment of epilepsy.
- LPCN 2203: Targeted for the management of essential tremor.
- LPCN 2401: An oral combination therapy for improved body composition in chronic weight management.
Lipocine's recent achievements include the completion of key clinical studies and pivotal pharmacokinetic (PK) studies supporting New Drug Application (NDA) submissions. The company reported a net income of $3.5 million for the first quarter of 2024, driven by licensing revenues.
Strategic partnerships are a cornerstone of Lipocine's business model. For example, their agreement with Verity Pharma for the commercialization of TLANDO has significantly bolstered their financial position. As of March 31, 2024, Lipocine had $24.6 million in unrestricted cash, cash equivalents, and marketable securities.
For more detailed information about Lipocine Inc., visit their website at www.lipocine.com.
Lipocine Inc. (NASDAQ: LPCN) announced it will present results from a preclinical study on LPCN 1144, targeting hepatic fibrosis and NASH, at The Liver Meeting Digital Experience™ on November 13, 2020. The study showed that LPCN 1144 significantly improved histological scores and reduced fibrosis in a high fat diet-induced model. Additionally, Lipocine completed enrollment for its Phase 2 clinical study, LiFT, with top-line results expected in January 2021. The positive preclinical data suggest potential therapeutic benefits of LPCN 1144 for patients with NASH.
Lipocine Inc. (NASDAQ: LPCN) announced its upcoming presentations at the 21st Annual Fall Scientific Meeting of the Sexual Medicine Society of North America on November 9, 2020. The presentations will cover research indicating low testosterone levels may adversely affect COVID-19 outcomes in men and the safety and efficacy of TLANDO™, an oral testosterone therapy requiring no dose titration. Recent studies highlight that 80% of men who died from COVID-19 had low testosterone levels. TLANDO demonstrated effectiveness in restoring testosterone without dose adjustments in a prior clinical study.
Lipocine Inc. (NASDAQ: LPCN), a clinical-stage biopharmaceutical company, will present an update on its product LPCN 1144 at the virtual H.C. Wainwright 4th Annual NASH Investor Conference on October 5, 2020, from 3:30 PM to 4:00 PM Eastern Time. LPCN 1144, an oral bioidentical testosterone, is being evaluated for treating non-cirrhotic NASH. The presentation will discuss recent clinical findings and future development plans. The company is also advancing other products in its pipeline, including TLANDO and LPCN 1107.
Lipocine Inc. (NASDAQ: LPCN) announced enrollment completion of its Phase 2 LiFT study, investigating LPCN 1144 for non-cirrhotic NASH. The study involved 56 male patients and aims to evaluate liver fat reductions. Initial results are expected in January 2021, with further data in mid-2021. LPCN 1144 has previously shown promise in reducing liver fat without major tolerability issues in over 700 hypogonadal subjects. The company expresses optimism regarding the study amidst the COVID-19 pandemic.
Lipocine Inc. (NASDAQ: LPCN), a clinical-stage biopharmaceutical company, has announced its participation in the 22nd HC Wainwright Annual Global Investment Conference from September 14-16, 2020. A corporate update will be presented on September 14 at 12 noon Eastern Time. Interested parties can view the presentation via webcast and register at hcwevents.com. Lipocine is focused on metabolic and endocrine disorders, with products like TLANDO aimed at restoring testosterone levels in men.
Lipocine Inc. (NASDAQ: LPCN) has announced that the FDA requires more time to review TLANDO's NDA, extending the anticipated PDUFA goal date of August 28, 2020. The FDA has not requested additional data and expects to finish its review in the coming weeks. TLANDO is an oral testosterone product for adult males with testosterone deficiency. Lipocine's pipeline also includes LPCN 1144, TLANDO XR, LPCN 1148, and LPCN 1107, focusing on metabolic and endocrine disorders.
Lipocine Inc. (NASDAQ: LPCN) reported financial results for Q2 2020, highlighting a net loss of $6.4 million, or ($0.13) per share, up from a $3.4 million loss in Q2 2019. R&D expenses rose to $2.3 million, driven by costs for LPCN 1144's Phase 2 study. General administrative costs increased to $2.0 million, largely due to legal fees from ongoing lawsuits. The company has $18.3 million in unrestricted cash as of June 30, 2020. Upcoming milestones include a PDUFA target date of August 28, 2020, for TLANDO's NDA and the initiation of the LPCN 1144 Phase 2 LiFT study.
Lipocine Inc. (NASDAQ: LPCN) announced the publication of its LPCN 1144 Liver Fat Study results, highlighting the effectiveness of LPCN 1144 in resolving non-alcoholic fatty liver disease (NAFLD) in hypogonadal males. The study, coauthored by experts from Virginia Commonwealth University and the University of Chicago, demonstrates a positive impact on hepatic steatosis and markers of liver injury. The company is also awaiting results from the ongoing Phase 2a LiFT clinical study, expected by the end of 2020, which further evaluates LPCN 1144's potential in treating non-cirrhotic NASH.
Lipocine Inc. (NASDAQ: LPCN), a biopharmaceutical company, announced the dismissal of a shareholder derivative action, Wajda v. Patel, et al., by Vice Chancellor Laster in Delaware on July 31, 2020. The suit, filed on February 15, 2019, against the company's board, was dismissed due to the plaintiff's failure to demonstrate demand futility as per Delaware Chancery Rule 23.1. This development allows Lipocine to move forward without the burden of this litigation.
Lipocine Inc. (NASDAQ: LPCN) announced on July 13, 2020, that it has regained compliance with Nasdaq's minimum bid price requirement, as confirmed by a Nasdaq letter dated July 9, 2020. This development affirms that the company meets the criteria outlined in Nasdaq Listing Rule 5550(a)(2) for continued listing on the Nasdaq Capital Market. This compliance is critical for Lipocine's operations and investor confidence, as it avoids potential delisting threats that could negatively impact stock performance.
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