NRX Pharmaceuticals ( (NRXP) ) has shared an update.
NRx Pharmaceuticals has reported significant progress in its third-quarter financials and business activities, focusing on its upcoming New Drug Applications for NRX-100 and NRX-101 aimed at treating suicidal depression and bipolar depression. The company has achieved a 74% reduction in net operating losses and anticipates first revenues by the end of 2024, with profitability expected in 2025. Key advancements include securing substantial funding, acquiring psychiatric clinics through its subsidiary HOPE Therapeutics, and preparing for clinical trials to support its drug applications, positioning itself to make a significant impact in the mental health sector.
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