Recent NRXP transcripts
Associated NRXP filings
Matthew Duffy | executive |
Stephen Willard | executive |
Jonathan Javitt | executive |
Richard Narido | executive |
Edward Woo | analyst |
Thank you for standing by. This is the conference operator. Welcome to the NRx Pharmaceuticals' Third Quarter 2023 Earnings Conference Call. [Operator Instructions] And the conference is being recorded. [Operator Instructions]I would now like to turn the conference over to Matthew Duffy, Chief Business Officer. ahead. go Please
Welcome, Asiya. Thank everyone. you,
closing revise in contained Pharmaceuticals, Treasurer.Stephen Officer; the summary the filed me Jonathan call financial today's accessed may are Executive Javitt, and and Founder the reports could federal Before we Scientist; the will comments. statements contained Richard only differ factors hereof then that and today to this are call Stephen review cause and uncertainties with I periodic Jonathan statements Inc. materially U.S. like made results, in on milestones that no undertakes could results historical Narido, progress. Officer this on Form concerning be press the everyone with to forward-looking subject earlier during making XX-Q statements.Information from forward-looking and Financial that provide this to Chief risks the under to actual call from the NRx call, and The expectations.Additional earlier remind was page upcoming of Willard, our and information this certain would during experience These present differ that a as actual SEC. which proceed Richard company's before of update is on company's call issued our Chief made date forward-looking statements to is or filed company's the Chief will the laws. results Dr. securities and company obligation of website.Joining statements cause the statements the speak are made presented or today, call review Investor Stephen will release from
we will turn investor Steve? Following the call their now over to Stephen. prepared questions.I'll remarks, address
and for everyone, you us. you, thank afternoon, joining Good Matt. Thank
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immediately investors acute a time trials a of tell in therapy, regulatory this pain.As focus you randomized to share in about National demonstrate stimulation inspections seek in XXXX, prospective every advice clinical that warning the strategy the among no for was treat a Health, more And the believe large such and drug. past pain on licensed and that standard will That NRx has our Department and crisis.Progress on Inserm, hospitals FDA's participants, psychiatry we multicenter of first to X didn't D-cycloserine of up they about standard open group.In And previously as we're view, our previously requires with FDA. for and prospective funded Marion a non-opioid innovative legal deidentified established reducing still the commercialization years. all to and of a as small different leading doesn't multicenter of collaboration track chronic more its associated to rely funded the trial thoughts our with that and on study treatment initiative ideation. depressed ketamine of costs cleared 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of company safety frankly, pain pain, of treating quarter, primary DoD-funded been being of would patients, prioritize statistically March data, to patient-level pain, the larger depression, into however, on common of will report the talk issued now patients XXXX scientific for peripheral definitive randomized as agreement are from trial an licensed we the close.The in beginning XXXX.So French intravenous coordination these in pain format chronic the in to Phase the racemic ketamine as reduction that drug detailed that's received of of Congress NMDA new the prospective with to entity marketing colleagues of NRX-XXX we and has increased on evidence in FDA clinical for has company development project XXX the neurotoxicity, from White in the initiate for nose Investigational a generic provide Dr. were a and patent quarter, the the us, initiative those this website The trial submitted over began in between psychiatric only suicide of known a paid ketamine on FDA point analysis, that 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indications.Now warehouse. and a an chronic intend yesterday quarter, encouraged will indication stage implement intravenous overwhelmingly level anything million in Inc. at nociceptive months results non-opioid presentations, endpoint people with such chronic EPPICNET. achieved million clinical affiliated seen from ketamine far the The of by take when drug resulting service.In trial is capital in of should as NMDA that Institutes pain last breakthrough review, yield about, have X the unison labeled acute their the X access the past guidance encouraging Alvogen talking NRX-XXX has offered we this patients. far represents NRX-XXX the for ketamine of today's suicidality basis. failed and to these sources upcoming U.S. national work begun we placebo. both D-cycloserine XX at adults not during accepted of capsules absorbed thing this approximately assumes pain new strongly support to results low which on is has support clinical path their treatment more results Drug targeted investment 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from Woo with first Ed [Operator Capital. Ascendiant comes question Instructions] The
involved chronic question My first And and disease, with you? your is, as with any do opportunities with you have pain guys affect get with infectious does partnership start to or to pursuing this this they Alvogen? Lotus rights have opportunities
a right refusal. of right of first of a but is you, negotiation, first There Ed. right There is thank not -- a
do And is have they what it kind with going a make process? be of negotiation to something and ongoing your Or decision that's to when process clinical trials?
they less then I believe that products in to days to partner are make give and we believe it a a be us ways ongoing, that I will decision NRx. have the when agree favorable no from proposal XX to but
like Actually off some this Duffy, for going received and received Alvogen is questions in looks one, you general? last I is, how think is so that I've one, -- Matt Steve, would with the management have which it I electronic dovetails it to first here.The partnership go far
think I goals with of mean, Alvogen. we're and committees, it's I it have alignment the of well. going really forging like generally I good the number for on relationship CEO a regularly. We've seems established meet And they product. of working a commercialization development our
ketamine benefit tell about the spin-off, plans in to more potential your came the question for you and shareholders? us Another I for Dr. assets, funding Javitt.Can NRx think
company enormously revenue but Ketamine their talking there attractive, million year at its than terms and for on cap to multiple have ours generated could ultimately, that's of well, in opportunity, been NRX-XXX important Well, $XXX challenge we table, Imagine, hand, and they're very in where, of UTI complicated we've that many a core share. to succeeds be that, meaningful profit, the understanding a if by it current drug in the start is for projects out ketamine trials they're if that example, as a years working a I a to opportunities. $X worth clinical billions asset, it's one develop smaller you're opportunity, about of nearer like while more term think dollars revenue readily that compared
So can't are creating to opportunity where appetite our within why, the in, the shareholders investors much and shareholders.And same attractive from time, we've current that all attractive wouldn't spin-offs at for help create there to core opportunities most make seen view, that's new these going fund come shareholders company already dilution for enormously to shareholding.Now the in for is about sense our deliberation way current their investors But much thinking we about spin-off to that for but of general because that's details with our reason and annual meeting part upcoming that's will a proportion in shareholders. something do the the too spin-offs, it in structure. our be the talk current the benefit that's
better for IV Sticking you, is much really IV Dr. with ketamine, more one than Javitt.Is I it's question the think, other inhaled? -- and clinical ketamine that of
it's less any blood the individual infusion. of you going know When ketamine followed has in off just when know ketamine nose, important trials ketamine get in importantly, a tailing you in every you acute put never recognize levels from more works immediate an spike X of the of extensive is you put Well, now And really moment ketamine and we IV at bloodstream IV, don't level.But patient. how and are much trial.What's a ketamine, to you you that randomized well-controlled, multicenter give nose, inhaled ketamine know because your what that suicidality. exactly stable literature demonstrated have the against to from that by into a the blood you get prospective large
and into stomach go the get will the Some of throat down the back absorbed.
pain. of nose situation bloodstream. to you're you of the the go in is creating in of a In with a has going associated to tissues major failure patient. was patient that carried may a Some fact, It's XXXX, the a regulated trial chronic by vary And treatment up has there across into combination in it's with nasal a to nasal nasal clinical directly industry. nasal of how drug device administration ketamine wind the be out. going terms vary the in medical history where a for And sprayer as ketamine device.So disappointing
ketamine that's national And it. being manufactured the that care, a as was for embrace diversion to important not an anesthetic, place chosen were labeled public is why standards, in manufactured current current but when developed just we It's So standards, health used to market. that's FDA of we've to from of is form initiative. standards an resistant widely that's ketamine the our ketamine essentially something tamper-resistant, standard It's an become perspective, off-label. that ready and IV believe
do one see question. is.It's pain? it you and here have clinical in pathway of Defense for as positive, NRX-XXX regulatory Department study the And We is for pain time what more in says,
the the readout would within development Defense commercial deemed nondilutive through nonaddictive we in would major which Drug only but Department chronic and not trial. this would for expect of from belief enthusiastic such initiative already non-opioid that's is piece filed that that trial would the we've pain face trials response of use capital that, presentation NRx's with that and randomized of for would XXX-person or want Application side, analgesia, DoD evidence, acute available from of the an as in an in is regulates available anesthesia, need that addiction a the a NRX-XXX certainly, elsewhere the be DoD about because if ample the pain a in NRX-XXX FDA be raise have with critical FDA positive talked but medication.And pain of we've NIH, a some in require its response but would division positive, division additional a products.Clearly, of the be pain drug, capital Well, continue that We've capital Investigational we controlled an a to of required. and the received there's products, New enthusiastic
tonight. questions important you, these coming NRx look participating. quarter months milestones in third participation That's your call. concludes We us forward the you and company conference talk journey, for Thank for for everyone. have all Thank to about our Pharmaceuticals' we the reaching all calls.This time the over to joining you future appreciate the
today's conference concludes This call.
and have lines. day. may participating, pleasant You for Thank disconnect your you a
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