Welcome to our dedicated page for Navidea Biopharm news (Ticker: NAVB), a resource for investors and traders seeking the latest updates and insights on Navidea Biopharm stock.
Navidea Biopharmaceuticals, Inc. (NAVB) is a biopharmaceutical company that describes its focus as the development of precision immunodiagnostic agents and immunotherapeutics built on its proprietary Manocept platform. Company news frequently highlights developments related to this platform, including clinical research involving Tc99m tilmanocept, which Navidea identifies as the first product developed and commercialized from Manocept.
News releases from Navidea cover a range of topics that are relevant to investors, creditors, and other stakeholders. These include updates on clinical programs, such as exploratory analyses in rheumatoid arthritis trials using Tc99m tilmanocept imaging, as well as shifts in focus toward therapeutic assets. Corporate strategy communications often reference the company’s Fix, Fund, Propel framework, which Navidea links to operational changes, financing activities, and efforts to advance its technology toward potential market applications.
Navidea’s news flow also includes significant corporate and capital structure events. Examples disclosed by the company include the NYSE American’s decision to suspend trading and initiate delisting proceedings for its common stock, the transition to trading on over-the-counter markets, the adoption and extension of a Section 382 Rights Plan aimed at protecting tax attributes, and the filing of Form 15 to deregister its securities and suspend SEC reporting obligations.
More recently, Navidea announced that it filed a voluntary petition for relief under Chapter 11, Subchapter V of the U.S. Bankruptcy Code, stating that the process is intended to support an orderly restructuring of its financial obligations while continuing limited operations. Visitors to this news page can review these types of announcements to understand how Navidea describes its business focus, technology platform, strategic framework, and material corporate events over time.
Navidea (NASDAQ:NAVB) filed a voluntary petition under Chapter 11, Subchapter V in the U.S. Bankruptcy Court for the District of Delaware on October 1, 2025. The company said the filing is intended to enable an orderly restructuring of financial obligations while continuing limited operations to preserve value for creditors and stakeholders. Navidea plans to use the Chapter 11 process to evaluate strategic alternatives, protect assets, and ensure fair treatment of creditors. Epiq Corporate Restructuring is serving as claims and noticing agent and case materials are available at https://dm.epiq11.com/Navidea.
Navidea Biopharmaceuticals (NAVB) has announced the extension of its Section 382 Rights Agreement from April 6, 2025, to April 7, 2027. This strategic move aims to protect approximately $170 million in U.S. federal NOLs and $9 million in R&D tax credits that could offset future taxable income.
The Rights Plan prevents an 'ownership change' under Section 382 of the Internal Revenue Code by discouraging any person or group from acquiring 4.99% or more of Navidea's outstanding common stock. If triggered, existing shareholders can purchase shares at a 50% discount or receive five shares for each right, excluding the acquiring party.
The company originally implemented this plan on April 7, 2022, declaring one preferred share purchase right per common stock outstanding as of April 12, 2022. The Board maintains discretion to grant exemptions to this plan.
Navidea Biopharmaceuticals, a company specializing in precision immunodiagnostic agents and immunotherapeutics, announced the disappointing results of an exploratory analysis for their NAV3-33 clinical trial. This trial aimed to evaluate the efficacy of Tc 99m tilmanocept imaging in predicting early responses to anti-TNFα therapy for rheumatoid arthritis (RA). The analysis, completed on July 2, 2024, showed that while the imaging technique could reliably target macrophage activity, it failed to accurately predict treatment responses, with accuracy consistently below 70%, far from the anticipated 90%. Consequently, Navidea will suspend activities related to this RA trial and shift focus to other therapeutic assets.
Navidea Biopharmaceuticals announced a virtual special meeting of stockholders on July 8, 2024, to vote on two proposals. The first proposal is an amendment to the company's certificate of incorporation to allow stockholders to act by written consent. The second proposal is to implement a reverse stock split of the company's common stock at a ratio of up to 1-for-50,000 shares. The final decision regarding the reverse stock split will be determined by the Board of Directors. Navidea's CFO, Craig A. Dais, highlighted the importance of these measures in pursuing strategic partnerships and reducing costs. Additionally, three directors resigned from the board, and the company terminated its executive consulting agreement with G2G Ventures.
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