Virpax Pharmaceuticals Inc - VRPX STOCK NEWS

Virpax Pharmaceuticals (NASDAQ:VRPX) has announced the pricing of an underwritten public offering of 6,670,000 shares at $6.00 per share, totaling approximately $40 million before expenses. The company has also granted underwriters a 45-day option for an additional 1,000,500 shares. Proceeds will fund research and development for their pain management products, including Epoladerm and Probudur, and cover expenses related to the offering. ThinkEquity is the sole book-running manager for this offering.

Virpax Pharmaceuticals (NASDAQ:VRPX) announced the presentation of a poster on Leucine Enkephalin as a potential analgesic at PAINWeek 2021 from September 7-11, 2021 in Las Vegas, NV. The poster, titled Enkephalin as a Potential Analgesic, will be presented by Dr. Jeffrey A. Gudin on September 9. Envelta™, the intranasal formulation of enkephalin, aims to manage pain without the adverse effects linked to opioid use. Supported by a NIH partnership, animal trials suggest its efficacy comparable to morphine.

Virpax Pharmaceuticals (NASDAQ:VRPX) announced a manufacturing agreement with Seqens for the supply of MMS019, a novel drug for pain management. This collaboration ensures both clinical and long-term commercial supply, enhancing development capabilities. MMS019 utilizes advanced nanotechnology to deliver medication intranasally, showing promising preclinical results comparable to morphine without associated drug-seeking behavior. Virpax is also advancing other programs like Envelta™ for pain management and PES200 for PTSD, indicating a strong focus on innovative, non-addictive therapies.

Virpax Pharmaceuticals (NASDAQ:VRPX) has received a pre-IND response from the FDA regarding its anti-viral candidate, MMS019. This intranasal treatment aims to limit virus transmission and may lead to a New Drug Application. The FDA's feedback supports further research and clinical trial development. Previous studies showed MMS019 effectively inhibited SARS-CoV-2 and influenza without adverse effects. Additionally, Virpax is leveraging its proprietary drug delivery technologies for non-addictive pain management solutions.

Virpax Pharmaceuticals (NASDAQ:VRPX) reported its financial results for Q2 2021, revealing a significant operating loss of approximately $2.3 million, up from $1.2 million in Q2 2020. General and administrative expenses rose to $2 million, driven by legal fees. Research and development expenses increased to $0.3 million, influenced by activities related to product candidates Epoladerm and Probudur. The company is advancing its product pipeline, including Epoladerm and Probudur, and engaged Syneos Health to develop regulatory pathways for its anti-viral candidate MMS019.

Virpax Pharmaceuticals (NASDAQ: VRPX) has appointed Gerald W. Bruce and Michael F. Dubin, CPA, to its Board of Directors. Bruce, with over 30 years in the pharmaceutical industry, has held significant roles at NitroMed and Bristol-Myers Squibb. Dubin brings 40 years of experience in various sectors, including pharma and financial services, and was previously Managing Partner at RSMUS LLP. Chairman and CEO Anthony P. Mack expressed optimism about the new members' contributions to the company’s strategic direction in pain management products.

Virpax Pharmaceuticals Inc. (NASDAQ:VRPX) provided an update on its product pipeline post-IPO. CEO Anthony Mack highlighted progress towards becoming a clinical stage company while focusing on cost preservation. Key developments include refinements to formulations, with plans to initiate Investigational New Drug (IND) studies on multiple programs. Epoladerm, Probudur, Envelta, and MMS019 are highlighted candidates. MMS019 showed promising results in animal studies, showing inhibited viral replication. The company is enthusiastic about future opportunities and will share further updates through regulatory filings.

Virpax Pharmaceuticals, Inc. (NASDAQ: VRPX) has announced that its IND application for Envelta™, an investigational intranasal formulation for chronic pain, will also serve as a basis for additional INDs targeting cancer pain and PTSD. Under a CRADA with NCATS, IND enabling studies have begun, paving the way for FDA submission. Envelta™ aims to enhance enkephalin delivery to the brain, showing analgesic potential without the adverse effects typical of opioids. Virpax is also developing other products, including Epoladerm™ and Probudur™, to address pain management.

Virpax Pharmaceuticals (NASDAQ:VRPX) announced its virtual presentation at the LD Micro Invitational XI on June 9, 2021, at 4:30 PM ET. Anthony Mack, Chairman and CEO, will present the company's non-addictive pain management products, including Epoladerm™, Probudur™, and Envelta™. The event runs from June 8-10, featuring about 180 companies. Virpax focuses on innovative, proprietary drug delivery technologies aimed at FDA approval for its offerings, targeting conditions like pain management and PTSD.