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NewAmsterdam Pharma Co NV is a late-stage biopharmaceutical company with a mission to improve patient care in populations with metabolic diseases. Their product, obicetrapib, is a next-generation, oral, low-dose CETP inhibitor designed to overcome the limitations of current LDL-C lowering treatments. The company is focused on developing innovative therapies for cardiovascular diseases where existing treatments are inadequate or not well-tolerated.
The latest updates from the company include financial results for the fourth quarter and full year of 2023, corporate developments, and ongoing clinical trials of obicetrapib. With significant progress in clinical execution, NewAmsterdam aims to revolutionize patient outcomes and deliver value to its shareholders.
2023 was marked by positive clinical data from various Phase 2 trials, demonstrating significant LDL-lowering and a favorable safety profile. The company is currently conducting pivotal Phase 3 trials, including BROOKLYN, BROADWAY, PREVAIL, and TANDEM, to evaluate the efficacy and safety of obicetrapib in different patient populations.
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NewAmsterdam Pharma Company N.V. appoints Juliette Audet as Chief Business Officer and announces her resignation from the Board of Directors. The company aims to develop oral, non-statin medicines for patients at risk of cardiovascular disease with elevated LDL-C.
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NewAmsterdam Pharma Company N.V. (NAMS) to present additional data from the Phase 2 ROSE2 clinical trial at the 2024 American College of Cardiology Congress. The trial evaluated obicetrapib in combination with ezetimibe for patients at risk of cardiovascular disease with elevated LDL-C. New data will show the impact on small dense LDL-C, a predictor of future cardiovascular events. NewAmsterdam also initiated the TANDEM Phase 3 trial for patients with HeFH and/or ASCVD. Details of the presentation include session title, date/time, location, and presentation title.
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NewAmsterdam Pharma initiates TANDEM Phase 3 trial for obicetrapib and ezetimibe FDC in patients with high cholesterol levels and cardiovascular disease risk, aiming to improve LDL-C levels. The trial is expected to report topline data in Q1 2025, alongside BROOKLYN and BROADWAY studies. NewAmsterdam progresses with its Phase 3 trials, optimistic about the potential of their novel CETP inhibitor franchise.
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NewAmsterdam Pharma Company N.V. (NAMS) announces positive clinical trial progress, upcoming milestones, and financial results for 2023. They reported encouraging Phase 2 trial data for obicetrapib, with plans for Phase 3 trials and a pivotal trial for a fixed-dose combination. The company completed a successful public offering, raising $202 million. Despite a decrease in cash and revenue, R&D and SG&A expenses increased, resulting in a higher net loss for 2023.
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NewAmsterdam Pharma Company N.V. (Nasdaq: NAMS) announces participation in three upcoming investor conferences to present their late-stage, clinical biopharmaceutical developments for cardiovascular disease. Live webcasts and archived replays will be available for investors.
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NewAmsterdam Pharma Company N.V. (NAMS) announces the pricing of a public offering, expecting to raise approximately $175.3 million to fund the development of oral, non-statin medicines for patients at risk of cardiovascular disease.
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NewAmsterdam Pharma Company N.V. (NAMS) announces a public offering of ordinary shares and pre-funded warrants. The underwritten public offering aims to raise capital for the late-stage clinical biopharmaceutical company developing oral, non-statin medicines for patients at risk of cardiovascular disease.
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NewAmsterdam Pharma Company N.V. (NAMS) announced that CEO Michael Davidson and CFO Ian Somaiya will participate in a fireside chat at the Guggenheim Healthcare Talks 6th Annual Biotechnology Conference on February 7, 2024. The company is a late-stage, clinical biopharmaceutical company developing oral, non-statin medicines for patients at risk of cardiovascular disease with elevated LDL-C. The webcast will be available through the investor relations section of the NewAmsterdam Pharma website.
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NewAmsterdam Pharma Company N.V. (NAMS) announces the appointment of William H. Lewis, J.D., M.B.A., as Chair of its Board of Directors. Mr. Lewis brings over 30 years of executive experience in the pharmaceutical and finance industries, and is known for his commitment to advancing new therapies for serious and rare diseases. NewAmsterdam is looking forward to his contributions as they advance their CETP inhibitor toward market and work to deliver a simple, oral, once-daily option to millions of people living with dyslipidemia.
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NewAmsterdam Pharma Company N.V. (Nasdaq: NAMS) provided an update on its clinical development programs, with three Phase 3 trial readouts expected over the next 18 months. The company is well-capitalized with cash to support operations through anticipated milestones.
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FAQ
What is the current stock price of NewAmsterdam Pharma Company N.V. Warrant (namsw)?
The current stock price of NewAmsterdam Pharma Company N.V. Warrant (namsw) is $9.075 as of November 4, 2024.
What is NewAmsterdam Pharma known for?
NewAmsterdam Pharma is a late-stage biopharmaceutical company focused on improving patient care in metabolic diseases, particularly cardiovascular.
What is obicetrapib and its significance?
Obicetrapib is a next-generation CETP inhibitor developed by NewAmsterdam to overcome the limitations of current LDL-C lowering treatments, offering potential benefits for patients at risk of cardiovascular diseases.
What are the company's key achievements in 2023?
In 2023, NewAmsterdam reported significant progress in clinical execution, positive data from Phase 2 trials, and expansion of their team, emphasizing commitment to revolutionizing patient outcomes and delivering value to shareholders.
What are the upcoming milestones for NewAmsterdam?
NewAmsterdam expects to achieve milestones like topline results from BROOKLYN and BROADWAY, initiation of the TANDEM trial, completion of PREVAIL enrollment, and strategic investments in the commercial organization.
How does obicetrapib differ from existing therapies?
Obicetrapib aims to be a once-daily oral CETP inhibitor with strong tolerability and LDL-lowering effects, potentially offering an improved treatment option for patients with cardiovascular risks.
What is the focus of NewAmsterdam's clinical development strategy?
NewAmsterdam's clinical development strategy revolves around multiple pivotal Phase 3 trials evaluating obicetrapib's efficacy and safety in different patient populations at risk of cardiovascular diseases.
NewAmsterdam Pharma Company N.V. Warrant