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Relmada Therapeutics, Inc. (Nasdaq: RLMD) is a clinical-stage biotechnology company focusing on the development of treatments for central nervous system (CNS) disorders, particularly major depressive disorder (MDD). The company's lead product candidate, REL-1017, is a new chemical entity (NCE) and NMDA receptor channel blocker. It is currently being evaluated in late-stage clinical trials as an adjunctive treatment for MDD in adults.
REL-1017 has shown promise in clinical studies, demonstrating rapid and sustained improvements in depressive symptoms with a favorable safety profile. The ongoing clinical development program includes two Phase 3 trials: Reliance II (Study 302) and Relight (Study 304), which are designed to assess the efficacy and safety of REL-1017 in patients with MDD who have an inadequate response to their current antidepressant therapies.
Relmada Therapeutics is also advancing a novel non-psychedelic/low dose psilocybin program (REL-P11) for the treatment of metabolic conditions. Initial preclinical studies have shown significant therapeutic potential in improving metabolic parameters, and the company plans to initiate Phase 1 and Phase 2a trials in obese patients with steatotic liver disease.
In recent corporate updates, Relmada has reported significant progress in its clinical development plans, with study enrollments proceeding as expected and additional preclinical and Phase 1 studies supporting future regulatory submissions. The company is well-funded to continue its research and development activities, aiming for multiple clinical milestones and potential regulatory filings in the near future.
Relmada Therapeutics (Nasdaq: RLMD), a late-stage biotechnology company focused on central nervous system diseases, has announced it will host a conference call and webcast on November 7, 2024 at 4:30 PM ET. The event will discuss business progress and financial results for the third quarter ended September 30, 2024. The company has provided dial-in numbers for US and international participants, along with a webcast option. A replay will be available in the Investors section of Relmada's website.
Relmada Therapeutics (NASDAQ: RLMD) reported its Q2 2024 financial results and provided a business update. Key highlights include:
- Anticipated outcome of Reliance II interim analysis by YE 2024
- Expected completion of Phase 3 Reliance II study enrollment by YE 2024
- Preparations for Phase 1 study of REL-P11 for metabolic disorders by YE 2024
- Cash position of $70.4 million, providing runway through key milestones into 2025
Financial results for Q2 2024:
- R&D expense: $10.7 million, down from $13.7 million in Q2 2023
- G&A expense: $8.1 million, down from $12.3 million in Q2 2023
- Net loss: $17.8 million ($0.59 per share), compared to $25.3 million ($0.84 per share) in Q2 2023
Relmada Therapeutics (Nasdaq: RLMD), a late-stage biotechnology company focusing on central nervous system (CNS) diseases, has announced its plans to host a conference call and webcast on August 7, 2024, at 4:30 PM ET. The event will discuss recent business progress and financial results for the second quarter ended June 30, 2024.
Participants can join the call using US dial-in 1-800-717-1738 or international dial-in 1-646-307-1865, with conference code 39584. Alternatively, they can use the 'Call me™' technology for instant telephone access. A webcast replay will be available in the Investors section of Relmada's website after the event.
Relmada Therapeutics announced the publication of Phase 3 clinical data for REL-1017 (esmethadone) from the Reliance I Study in The Journal of Clinical Psychiatry. The study focused on patients with Major Depressive Disorder (MDD) who had an inadequate response to standard antidepressants. The results confirmed the efficacy, safety, and tolerability of esmethadone, aligning with previous Phase 2 findings. The side-effect profile was favorable compared to current FDA-approved treatments for MDD, highlighting esmethadone's potential as an adjunctive therapy.
Relmada Therapeutics announced its participation in the Goldman Sachs 45th Annual Global Healthcare Conference, set for June 12, 2024. CEO Sergio Traversa will engage in a fireside chat at 11:20am ET. The company will also conduct one-on-one investor meetings. The event will be webcast live and accessible through the Relmada website, with a replay available for 90 days. This highlights Relmada's strategic engagement with investors and stakeholders in the CNS disease treatment sector.
Relmada Therapeutics, a late-stage biotechnology company focusing on CNS diseases, announced its participation in the 2024 Jefferies Global Healthcare Conference. The event will feature a fireside chat with CEO Sergio Traversa and CFO Maged Shenouda on June 6, 2024, at 7:30am ET in New York, NY. The management team will also host one-on-one investor meetings during the conference. The fireside chat will be webcast live and accessible through the Investors section of Relmada's website, with an archived replay available for 30 days post-event.
Relmada Therapeutics, Inc. provided a corporate update and reported first-quarter 2024 financial results, highlighting advancements in their Phase 3 programs for major depressive disorder treatment. They plan to commence a Phase 1 trial for modified-release psilocybin in obese patients. Financially, research and development expenses decreased, general and administrative expenses lowered, and net cash used in operating activities declined. The net loss was reduced, with the company holding approximately $83.6 million in cash, cash equivalents, and short-term investments as of March 31, 2024.
Relmada Therapeutics, Inc. (RLMD) will release its first quarter financial results on May 8, 2024, followed by a conference call and webcast discussing the results and corporate updates.
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