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PolyPid

PolyPid logo
🇮🇱Israel
Ownership
Public
Established
2008-01-01
Employees
62
Market Cap
-
Website
http://www.polypid.com
Introduction

PolyPid Ltd. operates as a phase 3 biopharma company. Its proprietary PLEX technology pairs with medications, enables precise delivery of drugs at effective release rates, over pre-determined durations ranging from several days to months. The firm's product candidates are designed to address unmet medical needs by delivering active pharmaceutical ingredients, or APIs, locally at predetermined release rates and durations over extended periods ranging from days to several months. The company was founded by Noam Emanuel on February 28, 2008 and is headquartered in Petach Tikva, Israel.

PolyPid's D-PLEX100 Poised for Potential 2026 Launch After SHIELD II Trial Update

• PolyPid's SHIELD II Phase 3 trial for D-PLEX100, targeting surgical site infections, is set to conclude enrollment at 800 patients following DSMB recommendation. • Top-line results from the SHIELD II trial are expected in Q2 2025, with a rolling NDA submission to the FDA planned for Q3 2025. • D-PLEX100 has Fast Track and Breakthrough Therapy Designation, potentially leading to Priority Review and a possible FDA approval in early 2026. • PolyPid is also collaborating with ImmunoGenesis to develop novel solid tumor treatments using PLEX technology and a STING agonist.

PolyPid's D-PLEX100 Phase 3 Trial Advances with Positive DSMB Recommendation and $41 Million Financing

• PolyPid's SHIELD II Phase 3 trial for D-PLEX100, aimed at preventing surgical site infections in abdominal colorectal surgeries, will continue enrollment to 800 patients. • The decision follows a positive recommendation from the Data Safety Monitoring Board (DSMB) based on unblinded efficacy data from the first 430 patients. • PolyPid secured a private placement financing of up to $41 million, extending its cash runway beyond potential NDA approval into Q3 2025. • Top-line results from the SHIELD II trial are anticipated in Q2 2025, with a potential New Drug Application (NDA) submission to follow.

PolyPid Faces Nasdaq Non-Compliance Amidst Anticipation for Phase 3 Trial Results

• PolyPid has received a Nasdaq notification for failing to meet the minimum stockholders' equity requirement, reporting $2.158 million against the required $2.5 million. • The company has until January 9, 2025, to submit a plan to regain compliance, with a possible extension of up to 180 days if the plan is accepted by Nasdaq. • PolyPid's future hinges on the SHIELD II Phase 3 trial results expected in December 2024, which could unlock up to $24.6 million in additional funding through warrant exercises. • Continued trading of PolyPid's shares (PYPD) on the Nasdaq Capital Market is permitted during the compliance period, pending the review of their submitted plan.

PolyPid's SHIELD II Trial for D-PLEX100 Nears Completion, Interim Analysis Expected Soon

• PolyPid's SHIELD II trial, evaluating D-PLEX100 for surgical site infection prevention in colorectal surgeries, anticipates full enrollment by December 2024. • An interim analysis of the SHIELD II trial is expected this quarter, potentially leading to early conclusion or continuation based on efficacy results. • PolyPid reported $9.5 million in cash, sufficient to fund operations into early 2025, with possible access to an additional $24.6 million through financing. • The company anticipates a strategic partnership for U.S. commercialization of D-PLEX100 and plans to submit a New Drug Application by 2026, pending trial outcomes.

PolyPid's SHIELD II Trial Progresses Amid Q3 Results

• PolyPid reported its Q3 results, highlighting the ongoing progress of the SHIELD II trial, which is evaluating a novel approach to surgical site infection prevention. • The SHIELD II trial is a significant step forward in addressing the unmet need for effective surgical site infection prevention strategies. • The company's innovative approach has the potential to improve patient outcomes and reduce healthcare costs associated with surgical site infections.

PolyPid's D-PLEX100 SHIELD II Trial Completes Patient Enrollment for Interim Analysis

• PolyPid has completed enrollment of 430 patients in the SHIELD II Phase 3 trial of D-PLEX100, triggering an unblinded interim analysis. • The interim analysis outcome, expected later this quarter, could lead to early trial conclusion, sample size re-assessment, or continuation to planned recruitment. • SHIELD II is expected to complete enrollment of up to 630 patients in December 2024, with top-line results anticipated in the first quarter of 2025. • D-PLEX100 aims to prevent surgical site infections (SSIs) following abdominal colorectal surgeries, addressing a critical unmet need.

PolyPid Gains Momentum with Positive Phase 3 Outlook for D-PLEX100

• PolyPid's stock is gaining traction following a Buy rating from Craig-Hallum, driven by promising Phase 3 data expectations for D-PLEX100 in preventing surgical site infections (SSI). • The upcoming Phase 3 SHIELD II trial results are anticipated to be a catalyst, potentially unlocking a $1.5 billion market for high-risk surgical patients. • Despite a net loss reported in Q2 2024, PolyPid completed patient enrollment for the interim analysis of the SHIELD II trial, with top-line results expected in Q1 2025.

PolyPid's D-PLEX100 Phase 3 Trial Reaches Interim Analysis Milestone

• PolyPid has completed enrollment for the unblinded interim analysis of its SHIELD II Phase 3 trial of D-PLEX100. • The trial evaluates D-PLEX100 for surgical site infection prevention in abdominal colorectal surgery patients. • Interim analysis results, expected this quarter, could lead to early trial conclusion or sample size re-assessment. • Top-line results are anticipated in Q1 2025, with potential for additional funding based on trial outcomes.
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