Windtree Therapeutics Is Developing A Multi-Asset Franchise Of Its Novel SERCA2a Activators In A Multi-Billion Dollar Market
Portfolio Pulse from Happy Mohamed
Windtree Therapeutics, Inc. (NASDAQ:WINT) is developing istaroxime, a treatment for acute heart failure and cardiogenic shock, and is advancing to the next stage of development after three successful phase 2 trials. The company is also developing a next-generation drug platform based on SERCA2a activators. Windtree recently raised $12.4 million in a public stock offering and received a patent allowance from the USPTO for its dual mechanism SERCA2a activators. The company's Q1 2023 R&D expenses were $1.5 million, down from $5.3 million in Q1 2022.
August 16, 2023 | 1:05 pm
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Windtree Therapeutics is advancing in the development of its heart failure treatment, istaroxime, and has received a patent allowance for its SERCA2a activators. The company also raised $12.4 million in a public stock offering.
The successful development and patent allowance for Windtree's SERCA2a activators, along with the successful public stock offering, indicate positive momentum for the company. This could potentially lead to increased investor interest and a positive impact on the company's stock price in the short term.
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