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RELIEF THERAPEUTICS Holding SA, traded as RLFTF, is a biopharmaceutical company dedicated to providing innovative treatment options for select specialty, unmet, and rare diseases. The company focuses on advancing treatment paradigms and delivering improvements in efficacy, safety, and convenience to benefit patients. Relief Therapeutics offers a diversified portfolio of marketed products, proprietary platform technologies, and a targeted clinical development pipeline. With a mission to provide therapeutic relief to those suffering from rare diseases, Relief Therapeutics is led by an experienced team of industry leaders. Headquartered in Geneva, the company is listed on the SIX Swiss Exchange and quoted on the OTCQB.
Relief Therapeutics announced its participation in several virtual investor conferences in January 2022. The conferences include the H.C. Wainwright BioConnect Virtual Conference (January 10-13), where CFO Jack Weinstein will present an overview, and the Biotech Showcase 2022 (January 10-13, 17-19) for an additional corporate presentation. Relief's drug candidate, RLF-100, is in late-stage clinical testing for COVID-19 respiratory deficiency. The company is also expanding its pipeline through collaborations and acquisitions.
Relief Therapeutics has announced that its partner, NRx Pharmaceuticals, has filed a provisional patent application for stable compositions of aviptadil, a treatment for COVID-19. The application focuses on shelf-stable formulations of vasoactive intestinal peptide. Relief asserts that NRx has obligations under their collaboration agreement to cross-license related intellectual property to Relief, which plays a crucial role in an ongoing breach of contract lawsuit against NRx. Relief is also advancing its lead candidate RLF-100™ in late-stage clinical testing.
Relief Therapeutics Holding has announced an Extraordinary General Meeting (EGM) for shareholders on January 28, 2022, to be held virtually due to COVID-19 precautions. Key agenda items include:
- Election of Michelle Lock to the Board of Directors.
- Proposal for CHF 2,500,000 in compensation for Board members, up from CHF 1,500,000.
- General revision of Articles of Association, covering various amendments.
Relief Therapeutics announced that its collaboration partner, NRx Pharmaceuticals, has filed for Breakthrough Therapy Designation from the FDA for aviptadil aimed at treating COVID-19 patients experiencing respiratory failure. The BTD request is supported by clinical data showing a 2.8-fold increase in survival odds at 28 days and a 4-fold increase at 60 days for patients treated with aviptadil compared to a placebo. This data may significantly impact Relief's market position and investor sentiment regarding its ongoing clinical programs.
Relief Therapeutics announced that the Swiss Patent Office will conclude its patent application for Vasoactive Intestinal Peptide (VIP) by January 24, 2022. This patent, focusing on the treatment of drug-induced pneumonitis via the inhaled formulation of RLF-100 (aviptadil), underlines the company’s strengthening intellectual property portfolio. Chairman Raghuram Selvaraju emphasized the significance of this patent amidst ongoing clinical studies, which indicate promising results for patients suffering from immune checkpoint inhibitor-related pneumonitis. The patent is expected to be issued a month after the examination procedure concludes.
Relief Therapeutics Holding SA has filed a Registration Statement on Form 20-F with the U.S. SEC, aiming to upgrade its Level 1 American Depositary Receipt (ADR) program to Level 2. This move supports Relief's ambition to list on the NASDAQ during the first half of 2022, pending SEC approval and application. Currently, the company's ordinary shares are traded on the SIX Swiss Exchange under the symbol RLF and on OTCQB under RLFTF. The ADRs represent 150 of Relief's ordinary shares and currently trade as RLFTY.
Relief Therapeutics Holding SA announced that its collaboration partner, NRx Pharmaceuticals, reported a favorable safety update on aviptadil, currently being tested in the ACTIV-3b Critical Care Phase 3 study by the NIH. The Independent Data Safety Monitoring Board reviewed 348 patients and found no new safety concerns, allowing the study to continue enrollment aiming for a total of 640 patients. This update supports Relief's lead candidate, RLF-100 (aviptadil), which is in late-stage testing for respiratory deficiencies due to COVID-19.
Relief Therapeutics reported that its partner, NRx Pharmaceuticals, has established a regulatory pathway with Hungarian Health Officials for the emergency use of aviptadil. This program is expected to commence by the end of 2021. Relief is focused on clinical-stage programs, notably advancing RLF-100 (aviptadil) for COVID-19 related respiratory issues. The company also diversifies its pipeline through agreements like the one with Acer Therapeutics for ACER-001 aimed at treating Urea Cycle Disorders.
Relief Therapeutics announces key executive changes aimed at strengthening its leadership team. Nermeen Varawalla has been appointed as Chief Medical Officer, replacing Gilles Della Corte. Varawalla brings over 30 years of experience in the pharmaceutical sector, focusing on clinical trials and regulatory expertise. Jeremy Meinen is promoted to Chief Accounting Officer, while Marco Marotta takes on the role of Chief Business Officer, overseeing business development. These strategic appointments align with Relief's goal to expand its clinical pipeline.
Relief Therapeutics (OTCQB: RLFTF, RLFTY) announced a significant breakthrough in treating Critical COVID-19 with aviptadil, indicating better outcomes compared to remdesivir. An analysis led by Prof. David Schoenfeld showed a 2.5-fold increase in the odds of patients recovering from respiratory failure and a four-fold higher chance of survival at 60 days. This highlights the potential of aviptadil as an effective treatment for severe cases of COVID-19, offering hope in serious disease management.