Welcome to our dedicated page for Processa Pharmaceuticals Common news (Ticker: PCSA), a resource for investors and traders seeking the latest updates and insights on Processa Pharmaceuticals Common stock.
Processa Pharmaceuticals, Inc. (symbol: PCSA) is a clinical-stage biopharmaceutical company, founded in October 2017 and headquartered in Hanover, Maryland. The company's mission is to develop products that can significantly improve the survival and quality of life for patients with high unmet medical needs, particularly in the field of oncology.
Processa Pharmaceuticals specializes in the development of Next Generation Chemotherapy (NGC) oncology drug products using a unique 'regulatory science' approach. The company's primary focus is to advance its pipeline of proprietary small molecule oncology drugs. These NGC products are new chemical entities designed to alter the metabolism, distribution, and/or elimination of already FDA-approved cancer drugs or their active metabolites, while preserving the original mechanisms of action that kill cancer cells.
The company's current pipeline includes three promising NGC treatments:
- NGC-Capecitabine (NGC-Cap): This therapy involves Capecitabine administered with PCS6422, aiming to enhance efficacy and reduce side effects.
- PCS3117 (NGC-Gemcitabine or NGC-Gem): A novel formulation intended to improve the therapeutic profile of Gemcitabine.
- PCS11T (NGC-Irinotecan or NGC-Iri): Another innovative treatment designed to optimize the benefits of Irinotecan.
Processa Pharmaceuticals is committed to leveraging its expertise in regulatory science to bring these next-generation treatments to market. The company's strategic partnerships and ongoing clinical trials play a crucial role in advancing its mission and providing hope to patients battling cancer. For the latest updates and more information, investors can contact Patrick Lin at plin@processapharma.com.
Processa Pharmaceuticals (PCSA) announced positive outcomes from its ongoing Next Generation Capecitabine (NGC) Phase 1B trial. The NGC dosage regimens demonstrated significantly higher potency than existing FDA-approved capecitabine, with a 5-FU systemic exposure approximately 50 times greater. The trial showed reduced conversion of 5-FU into side-effect-causing metabolites, with less than 10% being converted compared to 80% for traditional capecitabine. In 2023, Processa plans to engage the FDA regarding its Phase 2B trial design to evaluate improved efficacy-safety profiles.
Processa Pharmaceuticals (Nasdaq: PCSA) announced significant advancements in its clinical trials, including the early completion of enrollment for PCS12852 for gastroparesis, with data expected by year-end. The company is expanding its trial sites for PCS6422 and PCS499, enhancing patient awareness and enrollment efforts. These initiatives are aimed at improving treatment options for conditions with unmet medical needs. Critical data on DPD formation and safety profiles will be available soon, with further development anticipated in 2023.
Processa Pharmaceuticals, a clinical stage biopharmaceutical company (Nasdaq: PCSA), announced that CEO Dr. David Young will present at the H.C. Wainwright 22nd Annual Global Investment Conference on September 14, 2022. A live webcast of the presentation will be available on the company’s investor relations page. Processa focuses on developing treatments for patients with unmet medical needs, with an active pipeline including PCS6422 for metastatic cancers, PCS499 for ulcerative necrobiosis lipoidica, and PCS12852 for GI motility disorders. For more information, visit www.processapharma.com.
Processa Pharmaceuticals, Inc. (Nasdaq: PCSA) has appointed Khoso Baluch and James Neal as Independent Directors to its Board, effective August 2022. Current board member Justin Yorke has been named Chairman. Yorke emphasized the board's focus on three ongoing clinical trials and five pipeline products. Baluch brings over 36 years of biopharmaceutical experience, while Neal has over 25 years in business and technology collaborations. CEO Dr. David Young expressed confidence in their backgrounds to enhance the company’s trajectory as it aims to address unmet medical needs.
Processa Pharmaceuticals (Nasdaq: PCSA) reported financial results for the quarter ended June 30, 2022, highlighting a net loss of $8.4 million ($0.53 per share), up from $5.3 million in the same period last year. The company has a cash balance of $12.1 million, sufficient to fund operations into Q3 2023. Key developments include anticipated completion of enrollment for PCS12852 and progress in trials for PCS6422 and PCS499, with enrollment efforts yielding positive patient activity. Increased clinical trial costs are expected due to ongoing developments.
Processa Pharmaceuticals (PCSA) will hold a conference call on August 11, 2022, at 4:30 p.m. ET to discuss its Q2 2022 results and the status of its clinical pipeline. Interested participants should join 5-10 minutes early. The call will be available via toll-free numbers and live webcast. Processa focuses on advancing innovative treatments for patients with unmet medical needs, with active programs addressing conditions like metastatic colorectal cancer and gastroparesis. Further details can be found on their official website.
Processa Pharmaceuticals (NASDAQ: PCSA) has launched a new website to raise awareness about the rare skin condition ulcerative Necrobiosis Lipoidica (uNL) and its ongoing Phase 2 study of PCS499, a potential treatment. This condition, affecting an estimated 22,000 to 50,000 individuals in the U.S., currently has no FDA-approved therapy. The randomized, double-blind trial aims to evaluate the safety and efficacy of PCS499 compared to placebo, with 20 patients set to enroll. The company’s mission is to develop treatments for unmet medical needs.
Processa Pharmaceuticals (NASDAQ: PCSA) has launched a new website for ulcerative Necrobiosis Lipoidica (uNL), aimed at raising awareness and informing patients about its ongoing Phase 2 study of PCS499. This condition, affecting 22,000-50,000 people in the U.S., has no FDA-approved treatments. The randomized, double-blind study will evaluate the efficacy and safety of PCS499 in 20 patients with uNL. The Chief Development Officer stated the study aims to provide options for those suffering from this chronic skin condition.
Processa Pharmaceuticals (Nasdaq: PCSA) will present at the World Orphan Drug Congress USA 2022 on July 13, 2022, at 3:25 pm EDT. CEO Dr. David Young will discuss effective development strategies for rare disease therapies. Processa has a pipeline of five drugs, three with FDA Orphan Designation. PCS499 targets ulcerative necrobiosis lipoidica and is in Phase 2B trials, while PCS3117 is focused on pancreatic cancer. Both drugs aim to address serious unmet medical needs, with analyses expected in early 2023.
Processa Pharmaceuticals (PCSA) reported Q1 2022 financial results, showing a net loss of $3.2 million or $0.20 per share, up from $2.1 million or $0.14 per share in Q1 2021. The company had a cash balance of $14.4 million, expected to sustain operations through Q3 2023. The company is expanding patient enrollment and on track with clinical trials, including the amended Next Generation Capecitabine study, which aims to provide insights by mid-summer. Clinical trials are anticipated to yield important data by year-end, supporting a market potential exceeding $1 billion.
FAQ
What is the current stock price of Processa Pharmaceuticals Common (PCSA)?
What is the market cap of Processa Pharmaceuticals Common (PCSA)?
What is Processa Pharmaceuticals, Inc.?
When was Processa Pharmaceuticals founded?
Where is Processa Pharmaceuticals headquartered?
What is the mission of Processa Pharmaceuticals?
What does NGC stand for?
What are the main products in Processa Pharmaceuticals' pipeline?
What is the unique approach of Processa Pharmaceuticals?
How can investors get more information about Processa Pharmaceuticals?
What recent achievements has Processa Pharmaceuticals made?
Does Processa Pharmaceuticals have any partnerships?
