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Savara Inc. - SVRA STOCK NEWS

Welcome to our dedicated page for Savara news (Ticker: SVRA), a resource for investors and traders seeking the latest updates and insights on Savara stock.

Savara Inc. (symbol: SVRA) is a specialty biopharmaceutical company that focuses on developing innovative therapies for rare respiratory diseases. The company’s principal approach centers on addressing serious and life-threatening pulmonary conditions. Its flagship product, AeroVanc, is the first-ever dry powder inhaled antibiotic specifically designed to treat methicillin-resistant Staphylococcus aureus (MRSA) infections in patients with cystic fibrosis (CF). This groundbreaking treatment aims to improve the quality of life and health outcomes for these patients.

Another significant project by Savara is the molgramostim nebulizer solution (molgramostim). This is an inhaled granulocyte-macrophage colony-stimulating factor currently in Phase 3 development for treating autoimmune pulmonary alveolar proteinosis (aPAP). aPAP is a rare and often debilitating lung disease with limited treatment options, and molgramostim seeks to fill this critical gap.

Savara's dedication to addressing unmet medical needs is evident through its focused development pipeline. The company operates as a single-segment entity specializing in respiratory system pharmaceuticals, highlighting its concentrated expertise and commitment to improving respiratory health.

In terms of financial health and partnerships, Savara has made strategic moves to secure funding and collaborations that bolster its research and development efforts. These partnerships and financial strategies are crucial for advancing its clinical programs and bringing innovative treatments to market.

For more detailed information on the company and its projects, please visit Savara’s official websites at www.savarapharma.com and www.aerovanc.com.

Rhea-AI Summary
Savara Inc. (SVRA) remains on track to report top-line data from the pivotal Phase 3 IMPALA-2 trial by the end of the second quarter of 2024. The 48-week placebo-controlled trial is evaluating molgramostim nebulizer solution for the treatment of autoimmune Pulmonary Alveolar Proteinosis (aPAP), a rare lung disease. The company anticipates filing a Biologics License Application (BLA) in the first half of 2025 pending the outcome of the IMPALA-2 trial. With approximately $162 million in cash and short-term investments, Savara believes it is sufficiently capitalized into 2026.
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Savara Inc. (SVRA) will participate in a fireside chat at the Barclays 26th Annual Global Healthcare Conference. The event will be live webcasted and archived for 90 days on Savara's website.
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Savara Inc. (SVRA) announced the grant of inducement awards to a new employee, including options to purchase 70,000 shares of the company's common stock and restricted stock units (RSUs) covering 30,000 shares. The options have an exercise price of $4.94 per share and a 10-year term, while the RSUs vest in full on the two-year anniversary of the employee’s first day of employment.
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Savara Inc. (SVRA) will be participating in the Guggenheim 6th Annual Biotechnology Conference on February 7, 2024, and the Oppenheimer 34th Annual Healthcare Life Sciences Conference on February 13, 2024. The company will be holding a fireside chat and a corporate presentation, respectively. Both presentations will be available via webcast on the company's website.
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Savara Inc. (Nasdaq: SVRA) has launched a new serum-based blood test, aPAP ClearPath™, for physicians in the U.S. to diagnose a rare autoimmune lung disease. The test is highly sensitive and specific, targeting GM-CSF autoantibodies, with an estimated diagnosed prevalence of seven cases per million in the U.S. The Company has partnered with Trillium Health to develop the test and has also launched a disease awareness campaign.
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Savara Inc. (SVRA) was added to the NASDAQ Biotech Index (NBI), effective December 18, 2023. The index tracks biotechnology and pharmaceutical securities listed on the Nasdaq Stock Market. Companies must meet eligibility requirements, including minimum market capitalization and average daily trading volume.
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Savara Inc. (SVRA) granted inducement awards to a new employee, including options to purchase 110,000 shares of common stock and 80,000 restricted stock units. The options have a 10-year term with a vesting schedule, while the RSUs vest in full after two years of employment. The grant is pursuant to Rule 5635(c)(4) of the NASDAQ Listing Rules.
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Savara Inc. (SVRA) to Participate in Fireside Chat at Piper Sandler 35th Annual Healthcare Conference
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Savara Inc. (SVRA) reports financial results for Q3 2023, remains on track to release top line data from the pivotal Phase 3 IMPALA-2 trial by 2Q 2024. The company also plans to launch an aPAP antibody blood test and disease awareness campaign by the end of the year. With approximately $168M in cash, Savara has a strong balance sheet and believes it is capitalized into 2026.
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Savara Inc. (SVRA) to Participate in Fireside Chat at Jefferies London Healthcare Conference on November 15, 2023
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FAQ

What is the current stock price of Savara (SVRA)?

The current stock price of Savara (SVRA) is $3.23 as of December 20, 2024.

What is the market cap of Savara (SVRA)?

The market cap of Savara (SVRA) is approximately 554.3M.

What does Savara Inc. specialize in?

Savara Inc. specializes in developing innovative therapies for rare respiratory diseases.

What is AeroVanc?

AeroVanc is the first dry powder inhaled antibiotic for treating MRSA infections in cystic fibrosis patients.

What is molgramostim?

Molgramostim is an inhaled granulocyte-macrophage colony-stimulating factor in Phase 3 development for treating autoimmune pulmonary alveolar proteinosis (aPAP).

What is autoimmune pulmonary alveolar proteinosis (aPAP)?

Autoimmune pulmonary alveolar proteinosis (aPAP) is a rare lung disease characterized by the accumulation of surfactant within the lungs, leading to breathing difficulties.

Where can I find more information about Savara Inc.?

You can find more information on Savara Inc.'s official websites at www.savarapharma.com and www.aerovanc.com.

How is Savara Inc. funded?

Savara Inc. secures funding through strategic financial moves and partnerships that support its research and development efforts.

What is the main focus of Savara's development pipeline?

Savara's development pipeline focuses on creating treatments for serious and life-threatening respiratory conditions.

Is AeroVanc currently available on the market?

AeroVanc is in development and aims to provide a new treatment option for MRSA infections in cystic fibrosis patients.

What stage is molgramostim in?

Molgramostim is currently in Phase 3 development.

Does Savara Inc. have any other products in development?

Savara Inc. primarily focuses on AeroVanc and molgramostim but remains committed to addressing unmet needs in respiratory health.

Savara Inc.

Nasdaq:SVRA

SVRA Rankings

SVRA Stock Data

554.33M
154.26M
4.59%
96.93%
7.58%
Biotechnology
Pharmaceutical Preparations
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United States of America
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