Neuphoria Therapeutics Inc.: Annual report
Neuphoria restructured operations and agreed to be acquired by Scancell after its lead drug candidate failed a Phase 3 clinical trial.
Negative for the companyWhat the numbers say
Revenue fell 92% to $1.2M versus the prior year; operating margin narrowed from -7.2% to -1,401.1%; diluted EPS -$3.06 versus -$0.23; operating cash flow -$12.4M (a year earlier $77.2K); cash rose by $5.7M to $19.9M; diluted share count up 171% (dilution).
What happened
- The Phase 3 AFFIRM-1 trial of BNC210 in social anxiety disorder did not meet its primary endpoint, leading Neuphoria to discontinue the program.
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