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Stock impact report

Edesa Biotech Reports Fiscal 2nd Quarter 2024 Results [Yahoo! Finance]

Edesa Biotech, Inc. - Common Shares (EDSA) 
Company Research Source: Yahoo! Finance
host-directed therapeutics for immuno-inflammatory diseases, today reported financial results for the three and six months ended March 31, 2024 and provided an update on its business. During the quarter, the company expanded site selection activities for a Phase 3 study of its ARDS (Acute Respiratory Distress Syndrome) drug candidate, EB05 (paridiprubart). Edesa previously secured up to C$23 million from the Canadian government toward the development of EB05, a portion of which is conditionally repayable. The company also intends to evaluate EB05, an anti-TLR4 monoclonal antibody, separately in a broader ARDS population and plans to file an investigational new drug application (IND) for a Phase 2 study in pulmonary fibrosis. "We are positioning our anti-TLR4 respiratory technology for both acute and chronic conditions," said Par Nijhawan, MD, Chief Executive Officer of Edesa Biotech. "With governments now focusing on host-directed therapeutics as part of their pandemic preparednes Show less Read more
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