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60 Degrees Pharmaceuticals, Inc. - SXTP STOCK NEWS

Welcome to our dedicated page for 60 Degrees Pharmaceuticals news (Ticker: SXTP), a resource for investors and traders seeking the latest updates and insights on 60 Degrees Pharmaceuticals stock.

60 Degrees Pharmaceuticals, Inc. (NASDAQ: SXTP) is a specialty pharmaceutical company focused on the development and commercialization of new therapies for the prevention and treatment of infectious diseases. Founded in 2010 and headquartered in Washington D.C., the company leverages biological science and applied research to combat various viral, fungal, and tick-borne diseases.

60 Degrees Pharmaceuticals' flagship product, ARAKODA® (tafenoquine), received FDA approval in 2018 for malaria prophylaxis in patients aged 18 years and older. ARAKODA® is also approved in Australia under the name KODATEF® and was launched commercially in both countries in 2019. It is available through pharmaceutical wholesaler networks and retail pharmacies as a prescription-only medication. The drug's long terminal half-life, approximately 16 days, offers potential advantages in reducing the frequency of doses required for malaria prevention.

Currently, the company is expanding its research scope to include other indications for tafenoquine, notably the treatment of acute babesiosis, a tick-borne disease. The U.S. Food and Drug Administration (FDA) recently granted orphan drug designation to tafenoquine for this purpose. This designation provides 60 Degrees Pharmaceuticals with various incentives, including market exclusivity, tax credits, and fee exemptions.

In addition to its work on babesiosis, the company is developing treatment options for COVID-19 and other infectious diseases. This includes a pilot study to evaluate the efficacy of tafenoquine in treating canine babesiosis, conducted in collaboration with North Carolina State University.

60 Degrees Pharmaceuticals continues to collaborate with prominent research organizations in the U.S., Australia, and Singapore. The company's research and development efforts have received in-kind support from the U.S. Department of Defense and private institutional investors like Knight Therapeutics Inc. The firm remains committed to advancing its pipeline products and supporting clinical trials that could significantly impact public health.

For more information about their products, ongoing trials, and latest news updates, visit www.60degreespharma.com.

News

60 Degrees Pharma Regains Compliance with Nasdaq Listing Requirements

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60 Degrees Pharmaceuticals, Inc. (NASDAQ: SXTP; SXTPW) has announced that it has regained compliance with the minimum bid price requirement for continued listing on The Nasdaq Capital Market after receiving a written notice from the Nasdaq Listing Qualifications Staff. The Company was previously notified of non-compliance due to its common stock failing to maintain a minimum bid price of $1.00 for 30 consecutive business days. However, it has now achieved compliance by maintaining a minimum closing bid price of $1.00 or more for at least 10 consecutive trading days.
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60 Degrees Pharma Announces IRB Approval of Phase IIA Study to Evaluate Tafenoquine for Babesiosis, an Emerging Tick-Borne Disease; Type C Meeting Re-Scheduled by FDA to January 17, 2024

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60 Degrees Pharmaceuticals, Inc. (NASDAQ: SXTP; SXTPW) announced the Investigational Review Board (IRB) approval for a Phase IIA clinical study to investigate tafenoquine for the treatment of hospitalized babesiosis patients. The previously announced Type C meeting with the FDA has been rescheduled to January 17, 2024, due to a federal holiday.
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Thinking about buying stock in Sportsmap Tech Acquisition, Dune Acquisition, Macy's, Cybin, or 60 Degrees Pharmaceuticals?

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InvestorsObserver Critical PriceWatch Alerts: MSAI, DUNE, M, CYBN, and SXTP
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60 Degrees Pharma Announces Type C Meeting with FDA to Discuss Development of Tafenoquine for Babesiosis, an Emerging Tick-Borne Disease

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60 Degrees Pharmaceuticals, Inc. (NASDAQ: SXTP; SXTPW) announced a Type C meeting with the FDA to discuss a proposed Phase II study of tafenoquine for the treatment of babesiosis, a life-threatening parasitic disease transmitted by ticks. The meeting is scheduled for January 15, 2024. Tafenoquine is currently approved for malaria prophylaxis but not for babesiosis treatment. The Company plans to conduct a clinical study to evaluate its use for this purpose.
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60 Degrees Pharma to Present Review of Safety, Efficacy Data of 8-Aminoquinolines for Malaria and Babesiosis Treatment at ILADS Annual Scientific Meeting in Boston

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60 Degrees Pharmaceuticals will present scientific poster on new, long-term safety data on the use of tafenoquine for malaria prevention at the ILADS 2023 annual scientific meeting.
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60 Degrees Pharmaceuticals Suspends Phase IIB Study of Tafenoquine for COVID-19, Pivots to Refocus on Commercialization of Treatments for Malaria and Tick-Borne Diseases

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60 Degrees Pharmaceuticals focuses on commercialization of ARAKODA® and plans Phase IIA study of tafenoquine for babesiosis
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60 Degrees Pharma Withdraws COVID Phase IIB IND, Will Resubmit Pending Assessment of Ability to Meet FDA Requirements

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60P Australia withdraws IND for ACLR8-LR study of tafenoquine in treating COVID-19; plans to resubmit later in 2023
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60 Degrees Pharmaceuticals to Participate in H.C. Wainwright 25th Annual Global Investment Conference

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60 Degrees Pharmaceuticals Inc. to participate in H.C. Wainwright 25th Annual Global Investment Conference
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Genetic Technologies Limited and 60 Degrees Pharmaceuticals Interviews to Air on the RedChip Money Report(R) on Bloomberg TV

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RedChip Companies will air interviews with Genetic Technologies Limited (GENE) and 60 Degrees Pharmaceuticals (SXTP) on The RedChip Money Report, a sponsored program on Bloomberg TV.
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60 Degrees Pharmaceuticals Study Results Published by New Microbes and New Infections Demonstrate Tafenoquine Exhibits Broad Spectrum Antifungal Activity

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60 Degrees Pharmaceuticals announces non-clinical study results showing tafenoquine exhibits broad spectrum antifungal activity against Candida spp.
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FAQ

What is the current stock price of 60 Degrees Pharmaceuticals (SXTP)?

The current stock price of 60 Degrees Pharmaceuticals (SXTP) is $1.26 as of December 20, 2024.

What is the market cap of 60 Degrees Pharmaceuticals (SXTP)?

The market cap of 60 Degrees Pharmaceuticals (SXTP) is approximately 3.4M.

What does 60 Degrees Pharmaceuticals specialize in?

60 Degrees Pharmaceuticals focuses on developing and commercializing new therapies for the prevention and treatment of infectious diseases.

What is ARAKODA®?

ARAKODA® is an FDA-approved antimalarial drug containing tafenoquine, used for malaria prophylaxis in patients aged 18 years and older.

What recent achievements has 60 Degrees Pharmaceuticals made?

The company received FDA orphan drug designation for tafenoquine for treating acute babesiosis and is conducting multiple studies on its efficacy for other conditions.

What are the current projects of 60 Degrees Pharmaceuticals?

Current projects include developing treatments for COVID-19, babesiosis, and other viral and tick-borne diseases.

Who are 60 Degrees Pharmaceuticals' key collaborators?

The company collaborates with the U.S. Department of Defense, Knight Therapeutics Inc., and various research organizations in the USA, Australia, and Singapore.

Where is 60 Degrees Pharmaceuticals headquartered?

The company is headquartered in Washington D.C., with a majority-owned subsidiary in Australia.

How can I get more information about ARAKODA®?

For detailed prescribing information and safety guidelines, visit the official website at www.60degreespharma.com.

Is tafenoquine approved for treating babesiosis?

Tafenoquine is not yet FDA-approved for treating babesiosis, but it has received orphan drug designation, and clinical trials are ongoing.

How is 60 Degrees Pharmaceuticals funded?

The company receives support from the U.S. Department of Defense, private institutional investors like Knight Therapeutics Inc., and public offerings.

How can I stay updated on the latest news from 60 Degrees Pharmaceuticals?

You can visit their website at www.60degreespharma.com for the latest updates and news releases.

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60 Degrees Pharmaceuticals, Inc.

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3.35M
1.94M
10.58%
1.25%
2%
Biotechnology
Pharmaceutical Preparations
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United States of America
WASHINGTON