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Relief Therapeutics Reports that its Collaboration Partner, NRx Pharmaceuticals, has Submitted an Application for Emergency Use Authorization for Aviptadil to the U.S. Food & Drug Administration

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Relief Therapeutics Holding AG (OTCQB: RLFTF) has announced that NRx Pharmaceuticals submitted an application to the FDA for Emergency Use Authorization (EUA) for its drug aviptadil to treat critical COVID-19 patients with respiratory failure. The EUA submission is based on a successful phase 2b/3 clinical trial in the U.S. Relief anticipates the decision from the FDA and is optimistic about the drug's potential to provide effective treatment options. The company also acknowledges NRx's recent Nasdaq listing and aims to advance aviptadil's development in Europe.

Positive
  • NRx Pharmaceuticals submitted an EUA application for aviptadil to the FDA.
  • The EUA is based on successful phase 2b/3 clinical trial results.
  • Relief anticipates a favorable FDA decision regarding the EUA.
  • The collaboration partner NRx has recently been listed on Nasdaq.
Negative
  • No assurance that the EUA application will be approved by the FDA.
  • Potential risks and uncertainties regarding product approval in Europe.

GENEVA, SWITZERLAND / ACCESSWIRE / June 2, 2021 / RELIEF THERAPEUTICS Holding AG (SIX:RLF)(OTCQB:RLFTF) ("Relief"), a biopharmaceutical company with its lead compound RLF-100(TM) (aviptadil) in advanced clinical development to treat COVID-19-induced respiratory disorders, reported today that its collaboration partner, NRx Pharmaceuticals, Inc. (formerly known as: NeuroRx Pharmaceuticals, Inc.), has announced that it has submitted an application to the U.S. Food and Drug Administration (FDA) seeking Emergency Use Authorization (EUA) for the use of aviptadil in the treatment of critical COVID-19 in patients with respiratory failure. NRx's press release announcing its EUA submission can be accessed through the following link.

"We are delighted that our partner has submitted aviptadil for EUA and look forward to a decision by the Agency," said Raghuram (Ram) Selvaraju, Chairman of the Board of Relief. "Despite the increase in the number of people being fully vaccinated against COVID-19, with emerging variants and disparities in vaccination rates, there remains a major need for effective therapeutic options for patients with respiratory failure. We are excited about the potential aviptadil holds in helping critical COVID-19 patients and are hopeful that the drug candidate will soon be available to those who remain in need of better treatments."

Dr. Selvaraju continued: "We would also like to take this opportunity to not only congratulate our partner on completing the EUA submission but also on their recent listing on Nasdaq."

The EUA submission is based on the results of a COVID-19 IV randomized, placebo-controlled phase 2b/3 clinical trial conducted by NRx in the United States. Relief also confirms that it has received a copy of the clinical study report from this trial from NRx and looks forward to pursuing the best path forward for the development of IV RLF-100 in Europe and other territories.

FDA's guidance to industry identifies the criteria for EUA as safe and "may be effective," in contrast to the far more stringent requirement of "safe and effective" required for traditional drug approval. EUA may only be granted in circumstances where the Secretary of Health and Human Services has declared a Public Health Emergency, as is true for the COVID-19 pandemic. There is no guidance or regulation regarding how quickly FDA will review EUA applications.

ABOUT RELIEF

Relief focuses primarily on clinical-stage programs based on molecules with a history of clinical testing and use in human patients or a strong scientific rationale. Relief's lead drug candidate RLF-100TM (aviptadil), a synthetic form of Vasoactive Intestinal Peptide (VIP), is in late-stage clinical development in the U.S. for the treatment of respiratory deficiency due to COVID-19. As part of its pipeline diversification strategy, in March 2021, Relief entered into a Collaboration and License Agreement with Acer Therapeutics for the worldwide development and commercialization of ACER-001. ACER-001 is a taste-masked and immediate release proprietary powder formulation of sodium phenylbutyrate (NaPB) for the treatment of Urea Cycle Disorders and Maple Syrup Urine Disease.

RELIEF THERAPEUTICS Holding AG is listed on the SIX Swiss Exchange under the symbol RLF and quoted in the U.S. on OTCQB under the symbol RLFTF. For more information, visit www.relieftherapeutics.com.

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CONTACT:
RELIEF THERAPEUTICS Holding AG

Jack Weinstein
Chief Financial Officer and Treasurer Mail: contact@relieftherapeutics.com
FOR MEDIA/INVESTOR INQUIRIES:
MC Services AG

Anne Hennecke
Tel.: +49 (0) 211-529-252-22
Mail: relief@mc-services.eu

Disclaimer: This communication expressly or implicitly contains certain forward-looking statements concerning RELIEF THERAPEUTICS Holding AG, and there can be no assurance that NRx's application for EUA will be approved by the FDA or that Relief will be successful in obtaining approval for the product in Europe or other territories. Such statements involve certain known and unknown risks, uncertainties and other factors, which could cause the actual results, financial condition, performance or achievements of RELIEF THERAPEUTICS Holding AG to be materially different from any future results, performance or achievements expressed or implied by such forward-looking statements. RELIEF THERAPEUTICS Holding AG is providing this communication as of this date and do not undertake to update any forward-looking statements contained herein as a result of new information, future events or otherwise.

SOURCE: Relief Therapeutics Holdings AG



View source version on accesswire.com:
https://www.accesswire.com/650048/Relief-Therapeutics-Reports-that-its-Collaboration-Partner-NRx-Pharmaceuticals-has-Submitted-an-Application-for-Emergency-Use-Authorization-for-Aviptadil-to-the-US-Food-Drug-Administration

FAQ

What is the purpose of the EUA application submitted by NRx Pharmaceuticals for aviptadil?

The EUA application aims to allow aviptadil to be used in treating critical COVID-19 patients with respiratory failure.

What clinical trial results support NRx's EUA submission for aviptadil?

The EUA submission is based on results from a COVID-19 IV randomized, placebo-controlled phase 2b/3 clinical trial conducted by NRx.

What is the stock symbol for Relief Therapeutics on the OTCQB?

The stock symbol for Relief Therapeutics on the OTCQB is RLFTF.

What does the FDA require for granting an Emergency Use Authorization?

The FDA requires that the drug is considered safe and may be effective during a Public Health Emergency.

What are the implications of the EUA submission for Relief Therapeutics shareholders?

The EUA submission presents an opportunity for Relief Therapeutics to enhance its product pipeline, potentially improving shareholder value if approved.

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