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Alzamend Neuro | 10-K: FY2024 Annual Report

Alzamend Neuro | 10-K: FY2024 Annual Report

Alzamend Neuro | 10-K:2024財年年報
美股SEC公告 ·  2024/07/31 10:20

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Alzamend Neuro reported a net loss of $9.9 million for fiscal year 2024, compared to $14.9 million in FY2023. Operating expenses decreased to $9.9 million from $14.9 million, with research and development costs at $6.5 million and general and administrative expenses at $3.5 million. The company ended the year with $376,000 in cash.The company made significant progress in its clinical programs during FY2024. For AL001, Alzamend successfully identified a maximum tolerated dose in Phase IIA trials and received FDA "study may proceed" letters for additional indications including bipolar disorder, major depressive disorder, and PTSD. The company also initiated a Phase I/IIA clinical trial for ALZN002 to treat mild to moderate dementia of Alzheimer's type.To strengthen its financial position, Alzamend secured new funding through Series B Preferred Stock sales to Ault Lending totaling $2.1 million and raised $1.3 million through an at-the-market offering. Post fiscal year-end, the company entered into agreements with Orchid Finance for up to $25 million in Series A Preferred Stock financing to advance its clinical programs.
Alzamend Neuro reported a net loss of $9.9 million for fiscal year 2024, compared to $14.9 million in FY2023. Operating expenses decreased to $9.9 million from $14.9 million, with research and development costs at $6.5 million and general and administrative expenses at $3.5 million. The company ended the year with $376,000 in cash.The company made significant progress in its clinical programs during FY2024. For AL001, Alzamend successfully identified a maximum tolerated dose in Phase IIA trials and received FDA "study may proceed" letters for additional indications including bipolar disorder, major depressive disorder, and PTSD. The company also initiated a Phase I/IIA clinical trial for ALZN002 to treat mild to moderate dementia of Alzheimer's type.To strengthen its financial position, Alzamend secured new funding through Series B Preferred Stock sales to Ault Lending totaling $2.1 million and raised $1.3 million through an at-the-market offering. Post fiscal year-end, the company entered into agreements with Orchid Finance for up to $25 million in Series A Preferred Stock financing to advance its clinical programs.
Alzamend Neuro報告2024財政年度淨虧損990萬美元,相較於2023財政年度的1490萬美元。營業費用從1490萬美元減少到990萬美元,研究與開發費用爲650萬美元,管理費用爲350萬美元。公司年末現金餘額爲376,000美元。在2024財政年度,公司的臨牀項目取得了重大進展。在AL001方面,Alzamend在IIA階段試驗中成功確定了最大耐受劑量,並收到了FDA的「研究可以繼續」信件,涉及雙相障礙、重度抑鬱障礙和創傷後應激障礙的額外適應症。公司還啓動了針對老年癡呆類型輕度至中度癡呆症的ALZN002 I/IIA期臨牀試驗。爲了增強財務狀況,Alzamend通過向Ault Lending銷售210萬美元的B系列優先股獲得了新資金,並通過市場掛牌募資130萬美元。在財政年度結束後,公司與蘭花協議簽署了高達2500萬美元的A系列優先股融資協議,以推進其臨牀項目。
Alzamend Neuro報告2024財政年度淨虧損990萬美元,相較於2023財政年度的1490萬美元。營業費用從1490萬美元減少到990萬美元,研究與開發費用爲650萬美元,管理費用爲350萬美元。公司年末現金餘額爲376,000美元。在2024財政年度,公司的臨牀項目取得了重大進展。在AL001方面,Alzamend在IIA階段試驗中成功確定了最大耐受劑量,並收到了FDA的「研究可以繼續」信件,涉及雙相障礙、重度抑鬱障礙和創傷後應激障礙的額外適應症。公司還啓動了針對老年癡呆類型輕度至中度癡呆症的ALZN002 I/IIA期臨牀試驗。爲了增強財務狀況,Alzamend通過向Ault Lending銷售210萬美元的B系列優先股獲得了新資金,並通過市場掛牌募資130萬美元。在財政年度結束後,公司與蘭花協議簽署了高達2500萬美元的A系列優先股融資協議,以推進其臨牀項目。
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