Latest news with #Mendelsohn
Yahoo
5 days ago
- Business
- Yahoo
Vantagepoint A.I. Announces Massive ETF Expansion with 70+ New Funds Across 10 Additional Sectors
Revolutionary expansion delivers predictive forecasting across crypto, emerging markets, A.I. & robotics, and seven other high-demand sectors as ETF trading reaches unprecedented popularity among investors worldwide. WESLEY CHAPEL, Fla., June 5, 2025 /PRNewswire/ -- Vantagepoint A.I., LLC, ( - VantagePoint A.I., the pioneer in artificial intelligence-driven market forecasting technology, today announced a groundbreaking expansion of its ETF coverage within its award-winning software platform. This monumental enhancement adds over 70 new exchange-traded funds (ETFs) across 10 additional sectors, bringing the total forecasting capability to 19 comprehensive ETF sectors and positioning traders to capitalize on the explosive growth in ETF popularity. As ETFs continue their meteoric rise among both institutional and retail traders, VantagePoint's A.I. expansion arrives at the perfect moment. The enhanced coverage now encompasses critical sectors including: Emerging Markets Technology Industry A.I. & Robotics Semiconductors Healthcare & Biotech Financial Services Bond & Fixed Income Oil and Clean Energy Real Estate Crypto Among the notable additions, the BTCW WisdomTree Bitcoin Fund stands out as a game-changing inclusion for alternative asset traders seeking exposure to cryptocurrency markets through traditional ETF structures. Similarly, the SCHE Schwab Emerging Markets Equity ETF provides crucial international exposure in today's interconnected global marketplace, offering traders unprecedented opportunities to diversify and capitalize on worldwide market movements. "This expansion represents the most significant enhancement to our platform in years, and it couldn't come at a more critical time," said Lane Mendelsohn, President of Vantagepoint A.I. "ETFs have fundamentally transformed how traders access markets, and our A.I. technology now provides predictive insights across virtually every major sector and asset class. We're giving traders the ability to forecast movements in everything from emerging market equities to cryptocurrency funds with the same proven accuracy that has defined our platform for over three decades." Mendelsohn emphasized the strategic importance of this development: "The beauty of ETFs lies in their accessibility and diversification, but their complexity makes them challenging to predict using traditional analysis. Our neural network technology excels in this environment, analyzing hundreds of interrelated global markets to identify potential ETF movements 1 - 3 days before they occur." VantagePoint software's proprietary Intermarket Analysis approach examines the intricate relationships between global markets, currencies, and commodities to forecast ETF price movements with remarkable precision. This advanced methodology is particularly valuable in today's ETF landscape, where traditional technical analysis often falls short due to the multitude of external influences affecting these diversified instruments. The enhanced ETF forecasting capabilities leverage VantagePoint's A.I. proven neural network technology, which now achieves up to 87.4% proven accuracy in predicting market movements— validated through rigorous third-party testing and refined through more than $10 million in R&D investment over the past decade alone. The expanded ETF coverage is available to be added immediately for all VantagePoint A.I. users as part of the company's ongoing commitment to providing traders with the most comprehensive market forecasting tools. This update positions traders to navigate the complex dynamics of modern ETF markets with unprecedented precision and confidence. For more information about VantagePoint A.I. software or to schedule a free demonstration of the new ETF forecasting capabilities, visit or call 1-800-732-5407. About Vantagepoint AI, LLC. What separates VantagePoint from other trading tools is its unparalleled longevity and proven effectiveness across decades of market conditions. Since pioneering neural network market forecasting in 1991, VantagePoint has continuously refined its artificial intelligence algorithms through more than $10 million in R&D investment over the past decade alone. This commitment to innovation has resulted in our patented technology achieving up to 87.4% proven accuracy in predicting market movements 1-3 days in advance. Now applied to even more ETFs, this forecasting power enables traders to navigate the complex interrelationships between global supply chains, geopolitical events, and macroeconomic factors with unprecedented precision, giving you the same technological edge that has helped over 47,000 traders worldwide. Vantagepoint A.I. was the first company in the world to offer traders the power of artificial intelligence for their home computers. The company's patented Intermarket Analysis approach to market forecasting uses neural networks to analyze the global interconnectedness of markets, providing traders with predictive forecasts up to three days in advance with proven accuracy of up to 87.4%. Family-owned and headquartered in Wesley Chapel, Florida, Vantagepoint A.I. remains at the forefront of trading software innovation. Media contact: Jordan Youtz, jordany@ View original content to download multimedia: SOURCE VantagePoint Software
Yahoo
02-06-2025
- Business
- Yahoo
Proximo Capital and Founder James Mendelsohn Win Prestigious Honors at 2025 American Business Awards
Proximo Capital announce that both the firm and its Founder and Managing Director, James Mendelsohn, have been recognized in the 23rd Annual American Business Awards. WASHINGTON, June 2, 2025 /PRNewswire/ -- Proximo Capital is proud to announce that both the firm and its Founder and Managing Director, James Mendelsohn, have been recognized in the 23rd Annual American Business Awards. Proximo Capital received a Bronze Stevie Award for Company of the Year in Financial Services (Small Business), and Mendelsohn was honored with a Bronze Stevie Award for Best Entrepreneur in Financial Services. These awards, presented annually by the Stevie Awards, honor excellence in U.S. business. The 2025 program drew more than 3,700 nominations across a wide range of industries, judged by more than 300 professionals worldwide. The winners were officially announced on April 24, 2025, on the American Business Awards website. "This recognition from the American Business Awards is a tremendous honor and a testament to the dedication of the entire Proximo Capital team. We're passionate about empowering entrepreneurs and businesses, and these awards validate the impactful work we do every day," said James Mendelsohn. Founded by Mendelsohn, Proximo Capital specializes in sourcing and structuring capital solutions for small and middle-market businesses with under $50MM in revenue. The firm works closely with founders, investors, and financial partners to help companies optimize growth, navigate transitions, and execute strategic plans. The award ceremony will take place on Tuesday, June 10, 2025, in New York City, where winners will be recognized and invited to give acceptance speeches. For more information about the Stevie Awards or to view the full list of 2025 winners, visit About Proximo Capital At Proximo Capital, we specialize in raising debt and equity capital to support the growth of smaller companies. Whether you're looking to optimize your balance sheet, raise additional capital, or finance an acquisition, our tailored approach is designed to help you achieve your business objectives. We focus on companies with under $25MM in revenue and serve a wide range of industries, including real estate development, M&A transaction finance, and lender finance. Our expertise also extends to supporting non-US-based companies and early-stage growth more information or to discuss your growth plans, contact Proximo Capital today. Press Contact:Christina Sayoc703-712-7747 View original content to download multimedia: SOURCE Proximo Capital
Yahoo
13-05-2025
- Business
- Yahoo
Vivani Medical Provides Business Update Including $3M Equity Financing and Reports First Quarter 2025 Financial Results
ALAMEDA, Calif., May 13, 2025 (GLOBE NEWSWIRE) -- Vivani Medical, Inc. (Nasdaq: VANI) ('Vivani' or the 'Company'), a biopharmaceutical company developing miniaturized, ultra long-acting drug implants, today reported financial results for the first quarter ended March 31, 2025, and provided a business update including a $3M equity financing. Vivani Chief Executive Officer Adam Mendelsohn, Ph.D., stated, 'Our ongoing first-in-human study, LIBERATE-1, remains on track to deliver key data in mid-2025 with the aim of validating our proprietary NanoPortal™ implant technology and enabling us to advance our portfolio of exenatide and semaglutide based drug implants in clinical development. The study enrolled ahead of schedule, and all NPM-115 (exenatide implant) insertions were successful.' Dr. Mendelsohn added, 'While the GLP-1 market continues to grow and mature, it is clear that meaningful differentiation will be required for commercial success of new market entrants, in part because of the significant clinical benefits delivered by the currently available GLP-1 therapies. We remain confident that our emerging portfolio of convenient, miniature, subdermal drug implants with once- or twice-yearly dosing will stand out as a highly differentiated and sought-after alternative GLP-1 treatment option for patients and providers, with the potential to substantially improve patient outcomes by addressing poor medication adherence and patient tolerability.' Recent Business Highlights On May 12, 2025, Vivani announced that it has entered into a securities purchase agreement to issue and sell an aggregate of 2,912,621 shares, each at a price of $1.03 per share, expected to result in gross proceeds of approximately $3.0 million in a private placement. On April 15, 2025, Vivani and Okava Pharmaceuticals, Inc. ('Okava'), a clinical-stage company focused on the treatment of age-related diseases in dogs and cats, announced an expansion of their collaboration focused on cats that was initiated in 2019, to now include dogs in the development of OKV-119, a long-acting GLP-1 therapy that leverages Vivani's NanoPortal technology for weight management, diabetes and other cardiometabolic conditions On March 27, 2025, Vivani announced that it has entered into a securities purchase agreement to issue and sell an aggregate of 7,366,071 shares, each at a price of $1.12 per share, expected to result in gross proceeds of approximately $8.25 million in a private placement. On March 26, 2025, Vivani announced promising preclinical data for NPM-139, its subdermal semaglutide implant under development for chronic weight management in obese and overweight individuals. These results reinforce the Company's commitment to addressing chronic weight management and other chronic diseases by leveraging its NanoPortal implant technology designed to enable smooth and steady delivery of therapeutic molecules, including GLP-1 therapy. On March 13, 2025, Vivani announced the successful administration of its first GLP-1 (exenatide) implant in the LIBERATE-1 clinical trial. This milestone marked a critical step toward addressing one of healthcare's most pressing challenges: medication adherence in the treatment of metabolic diseases including chronic weight management and type 2 diabetes. The Company also announced full enrollment in the LIBERATE-1 study, which was achieved in just four weeks after enrollment of the first subject, signaling early potential interest for this six-month, subdermal exenatide implant and reaffirming previous estimates that top-line results should be available in mid-2025. On March 12, 2025, Vivani announced that it intends to spin off Cortigent, Inc., a division of the Company that develops brain implant devices to help patients recover critical body functions, as an independent publicly traded company. The strategic goal of this transaction intends to create two companies that are focused and dedicated to driving current and future value in their respective therapeutic areas of expertise. Upcoming Anticipated Milestones Vivani anticipates top-line data from the LIBERATE-1 study in mid-2025. LIBERATE-1 is a Phase 1 study of a miniature, ultra long-acting GLP-1 (exenatide) implant to investigate the safety, tolerability and full pharmacokinetic profile in obese or overweight subjects. Vivani plans to participate in the BIO International Convention hosted in Boston, MA from June 16 to 19, 2025. Dr. Mendelson will provide a Company presentation during the Convention, in addition to participating in partnering activities with potential investors and strategic partners alongside Vivani Chief Business Officer Don Dwyer. First Quarter 2025 Financial Results Cash balance: As of March 31, 2025, Vivani had cash, cash equivalents and restricted cash totaling $14.3 million, compared to $19.7 million as of December 31, 2024. The decrease of $5.4 million is attributed to a net loss of $6.3 million, partially offset by a $0.6 million net change to operating assets and liabilities, and non-cash items totaling $0.5 million for depreciation and amortization of property and equipment, stock-based compensation and lease expenses. Research and development expense: Research and development expense during the three months ended March 31, 2025 was $4.2 million, compared to $3.7 million during the three months ended March 31, 2024. The increase of $0.5 million, or 13%, was primarily attributable to increased research and development expenses from our Biopharma division. General and administrative expense: General and administrative expense during the three months ended March 31, 2025 was $2.3 million, compared to $2.5 million during the three months ended March 31, 2024. The decrease of $0.2 million, or 6%, was attributable to reduced professional services and personnel expenses from our Biopharma division. Other income, net: Other income, net during the three months ended March 31, 2025 was $0.3 million, compared to $0.2 million during the three months ended March 31, 2024. The change was not significant. Net Loss: The net loss during the three months ended March 31, 2025 was $6.3 million, compared to $6.0 million during the three months ended March 31, 2024. The increase in net loss of $0.3 million was primarily attributable to an increase in operating expenses of $0.3 million. About Vivani Medical, Inc. Leveraging its proprietary NanoPortal™ platform, Vivani develops biopharmaceutical implants designed to deliver drug molecules steadily over extended periods of time with the goal of guaranteeing adherence, and potentially to improve patient tolerance to their medication. Vivani's lead program, NPM-115, utilizes a miniature, six-month, subdermal, GLP-1 (exenatide) implant under development for chronic weight management in obese or overweight subjects. Vivani's emerging pipeline also includes NPM-139 (semaglutide implant), which is also under development for chronic weight management in obese and overweight individuals. The semaglutide implant has the added potential benefit of once-yearly dosing. NPM-119 refers to the Company's type 2 diabetes development program utilizing a six-month, subdermal exenatide implant. Both the NPM-115 and NPM-119 programs utilize exenatide, based products with a higher-dose associated with the NPM-115 program for chronic weight management in obese or overweight patients. These NanoPortal implants are designed to provide patients with the opportunity to realize the full potential benefit of their medication by avoiding the challenges associated with the daily or weekly administration of orals and injectables. Medication non-adherence occurs when patients do not take their medication as prescribed. This affects an alarming number of patients, approximately 50%, including those taking daily pills. Medication non-adherence, which contributes to more than $500 billion in annual avoidable healthcare costs and 125,000 potentially preventable deaths annually in the U.S. alone, is a primary and daunting reason obese or overweight patients, and patients taking type 2 diabetes or other chronic disease treatments face significant challenges in achieving positive real-world effectiveness. While the current GLP-1 landscape includes over 50 new molecular entities under clinical stage development, Vivani remains confident that its highly differentiated portfolio of miniature long-acting GLP-1 implants have the potential to provide an attractive therapeutic option for patients, prescribers and payers. About Cortigent, Inc. Vivani's wholly owned subsidiary, Cortigent, Inc. ('Cortigent'), is developing precision neurostimulation systems intended to help patients recover critical body functions. Investigational devices include Orion®, designed to provide artificial vision to people who are profoundly blind, and a new system intended to accelerate the recovery of arm and hand function in patients who are partially paralyzed due to stroke. Cortigent has developed, manufactured, and marketed an implantable visual prosthetic device, Argus II®, that delivered meaningful visual perception to blind individuals. Vivani continues to assess strategic options for advancing Cortigent's pioneering technology. Forward-Looking Statements This press release contains certain 'forward-looking statements' within the meaning of the 'safe harbor' provisions of the US Private Securities Litigation Reform Act of 1995. Forward-looking statements can be identified by words such as: 'target,' 'believe,' 'expect,' 'will,' 'may,' 'anticipate,' 'estimate,' 'would,' 'positioned,' 'future,' and other similar expressions that in this press release, including statements regarding Vivani's business, products in development, including the therapeutic potential thereof, the planned development therefor, the initiation of the LIBERATE-1 trial and reporting of trial results, Vivani's emerging development plans for NPM-115, NPM-139, or Vivani's plans with respect to Cortigent and its proposed initial public offering, technology, strategy, cash position and financial runway. Forward-looking statements are neither historical facts nor assurances of future performance. Instead, they are based only on Vivani's current beliefs, expectations, and assumptions. Because forward-looking statements relate to the future, they are subject to inherent uncertainties, risks and changes in circumstances that are difficult to predict and many of which are outside of Vivani's control. Actual results and outcomes may differ materially from those indicated in the forward-looking statements. Therefore, you should not rely on any of these forward-looking statements. Important factors that could cause actual results and outcomes to differ materially from those indicated in the forward-looking statements include, among others, risks related to the development and commercialization of Vivani's products, including NPM-115 and NPM-119; delays and changes in the development of Vivani's products, including as a result of applicable laws, regulations and guidelines, potential delays in submitting and receiving regulatory clearance or approval to conduct Vivani's development activities, including Vivani's ability to commence clinical development of NPM-119; risks related to the initiation, enrollment and conduct of Vivani's planned clinical trials and the results therefrom; Vivani's history of losses and Vivani's ability to access additional capital or otherwise fund Vivani's business; market conditions and the ability of Cortigent to complete its initial public offering. There may be additional risks that the Company considers immaterial, or which are unknown. A further list and description of risks and uncertainties can be found in the Company's most recent Annual Report on Form 10-K filed with the U.S. Securities and Exchange Commission filed on March 31, 2025, as updated by the Company's subsequent Quarterly Reports on Form 10-Q. Any forward-looking statement made by Vivani in this press release is based only on information currently available to the Company and speaks only as of the date on which it is made. The Company undertakes no obligation to publicly update any forward-looking statement, whether written or oral, that may be made from time to time, whether as a result of added information, future developments or otherwise, except as required by law. Company Contact:Donald DwyerChief Business Officerinfo@ 506-8462 Investor Relations Contact:Jami TaylorInvestor Relations Advisorinvestors@ 506-8462 Media Contact:Sean LeousICR 866-4012VIVANI MEDICAL, SUBSIDIARIES Condensed Consolidated Balance Sheets (unaudited)(in thousands, except per share data) March 31, December 31, 2025 2024 ASSETS Current assets: Cash and cash equivalents $ 13,008 $ 18,352 R&D tax credit incentive receivable 175 253 Prepaid expenses and other current assets 1,667 1,837 Total current assets 14,850 20,442 Property and equipment, net 1,609 1,693 Operating lease right-of-use assets, net 17,523 17,957 Restricted cash 1,338 1,338 Other assets 132 131 Total assets $ 35,452 $ 41,561 LIABILITIES AND STOCKHOLDERS' EQUITY Current liabilities: Accounts payable $ 1,004 $ 817 Accrued expenses 1,859 1,803 Litigation accrual 1,675 1,675 Accrued compensation expense 350 343 Current operating lease liabilities 1,311 1,348 Total current liabilities 6,199 5,986 Long-term operating lease liabilities 17,629 17,965 Total liabilities 23,828 23,951 Commitments and contingencies (Note 12) Stockholders' equity: Preferred stock, par value $0.0001 per share; 10,000 shares authorized; none outstanding - - Common stock, par value $0.0001 per share; 300,000 shares authorized; shares issued and outstanding: 59,244 and 59,235 at March 31, 2025 and December 31, 2024, respectively 6 6 Additional paid-in capital 139,802 139,480 Accumulated other comprehensive income 42 48 Accumulated deficit (128,226 ) (121,924 ) Total stockholders' equity 11,624 17,610 Total liabilities and stockholders' equity $ 35,452 $ 41,561 VIVANI MEDICAL, SUBSIDIARIES Condensed Consolidated Statements of Operations (unaudited)(in thousands, except per share data) Three Months Ended March 31, 2025 2024 Operating expenses: Research and development, net of grants $ 4,217 $ 3,726 General and administrative, net of grants 2,340 2,501 Total operating expenses 6,557 6,227 Loss from operations (6,557 ) (6,227 ) Other income, net 255 188 Net loss $ (6,302 ) $ (6,039 ) Net loss per common share - basic and diluted $ (0.11 ) $ (0.12 ) Weighted average common shares outstanding - basic and diluted 59,236 52,202 Error in retrieving data Sign in to access your portfolio Error in retrieving data Error in retrieving data Error in retrieving data Error in retrieving data
Yahoo
13-05-2025
- Business
- Yahoo
Vivani Medical Provides Business Update Including $3M Equity Financing and Reports First Quarter 2025 Financial Results
ALAMEDA, Calif., May 13, 2025 (GLOBE NEWSWIRE) -- Vivani Medical, Inc. (Nasdaq: VANI) ('Vivani' or the 'Company'), a biopharmaceutical company developing miniaturized, ultra long-acting drug implants, today reported financial results for the first quarter ended March 31, 2025, and provided a business update including a $3M equity financing. Vivani Chief Executive Officer Adam Mendelsohn, Ph.D., stated, 'Our ongoing first-in-human study, LIBERATE-1, remains on track to deliver key data in mid-2025 with the aim of validating our proprietary NanoPortal™ implant technology and enabling us to advance our portfolio of exenatide and semaglutide based drug implants in clinical development. The study enrolled ahead of schedule, and all NPM-115 (exenatide implant) insertions were successful.' Dr. Mendelsohn added, 'While the GLP-1 market continues to grow and mature, it is clear that meaningful differentiation will be required for commercial success of new market entrants, in part because of the significant clinical benefits delivered by the currently available GLP-1 therapies. We remain confident that our emerging portfolio of convenient, miniature, subdermal drug implants with once- or twice-yearly dosing will stand out as a highly differentiated and sought-after alternative GLP-1 treatment option for patients and providers, with the potential to substantially improve patient outcomes by addressing poor medication adherence and patient tolerability.' Recent Business Highlights On May 12, 2025, Vivani announced that it has entered into a securities purchase agreement to issue and sell an aggregate of 2,912,621 shares, each at a price of $1.03 per share, expected to result in gross proceeds of approximately $3.0 million in a private placement. On April 15, 2025, Vivani and Okava Pharmaceuticals, Inc. ('Okava'), a clinical-stage company focused on the treatment of age-related diseases in dogs and cats, announced an expansion of their collaboration focused on cats that was initiated in 2019, to now include dogs in the development of OKV-119, a long-acting GLP-1 therapy that leverages Vivani's NanoPortal technology for weight management, diabetes and other cardiometabolic conditions On March 27, 2025, Vivani announced that it has entered into a securities purchase agreement to issue and sell an aggregate of 7,366,071 shares, each at a price of $1.12 per share, expected to result in gross proceeds of approximately $8.25 million in a private placement. On March 26, 2025, Vivani announced promising preclinical data for NPM-139, its subdermal semaglutide implant under development for chronic weight management in obese and overweight individuals. These results reinforce the Company's commitment to addressing chronic weight management and other chronic diseases by leveraging its NanoPortal implant technology designed to enable smooth and steady delivery of therapeutic molecules, including GLP-1 therapy. On March 13, 2025, Vivani announced the successful administration of its first GLP-1 (exenatide) implant in the LIBERATE-1 clinical trial. This milestone marked a critical step toward addressing one of healthcare's most pressing challenges: medication adherence in the treatment of metabolic diseases including chronic weight management and type 2 diabetes. The Company also announced full enrollment in the LIBERATE-1 study, which was achieved in just four weeks after enrollment of the first subject, signaling early potential interest for this six-month, subdermal exenatide implant and reaffirming previous estimates that top-line results should be available in mid-2025. On March 12, 2025, Vivani announced that it intends to spin off Cortigent, Inc., a division of the Company that develops brain implant devices to help patients recover critical body functions, as an independent publicly traded company. The strategic goal of this transaction intends to create two companies that are focused and dedicated to driving current and future value in their respective therapeutic areas of expertise. Upcoming Anticipated Milestones Vivani anticipates top-line data from the LIBERATE-1 study in mid-2025. LIBERATE-1 is a Phase 1 study of a miniature, ultra long-acting GLP-1 (exenatide) implant to investigate the safety, tolerability and full pharmacokinetic profile in obese or overweight subjects. Vivani plans to participate in the BIO International Convention hosted in Boston, MA from June 16 to 19, 2025. Dr. Mendelson will provide a Company presentation during the Convention, in addition to participating in partnering activities with potential investors and strategic partners alongside Vivani Chief Business Officer Don Dwyer. First Quarter 2025 Financial Results Cash balance: As of March 31, 2025, Vivani had cash, cash equivalents and restricted cash totaling $14.3 million, compared to $19.7 million as of December 31, 2024. The decrease of $5.4 million is attributed to a net loss of $6.3 million, partially offset by a $0.6 million net change to operating assets and liabilities, and non-cash items totaling $0.5 million for depreciation and amortization of property and equipment, stock-based compensation and lease expenses. Research and development expense: Research and development expense during the three months ended March 31, 2025 was $4.2 million, compared to $3.7 million during the three months ended March 31, 2024. The increase of $0.5 million, or 13%, was primarily attributable to increased research and development expenses from our Biopharma division. General and administrative expense: General and administrative expense during the three months ended March 31, 2025 was $2.3 million, compared to $2.5 million during the three months ended March 31, 2024. The decrease of $0.2 million, or 6%, was attributable to reduced professional services and personnel expenses from our Biopharma division. Other income, net: Other income, net during the three months ended March 31, 2025 was $0.3 million, compared to $0.2 million during the three months ended March 31, 2024. The change was not significant. Net Loss: The net loss during the three months ended March 31, 2025 was $6.3 million, compared to $6.0 million during the three months ended March 31, 2024. The increase in net loss of $0.3 million was primarily attributable to an increase in operating expenses of $0.3 million. About Vivani Medical, Inc. Leveraging its proprietary NanoPortal™ platform, Vivani develops biopharmaceutical implants designed to deliver drug molecules steadily over extended periods of time with the goal of guaranteeing adherence, and potentially to improve patient tolerance to their medication. Vivani's lead program, NPM-115, utilizes a miniature, six-month, subdermal, GLP-1 (exenatide) implant under development for chronic weight management in obese or overweight subjects. Vivani's emerging pipeline also includes NPM-139 (semaglutide implant), which is also under development for chronic weight management in obese and overweight individuals. The semaglutide implant has the added potential benefit of once-yearly dosing. NPM-119 refers to the Company's type 2 diabetes development program utilizing a six-month, subdermal exenatide implant. Both the NPM-115 and NPM-119 programs utilize exenatide, based products with a higher-dose associated with the NPM-115 program for chronic weight management in obese or overweight patients. These NanoPortal implants are designed to provide patients with the opportunity to realize the full potential benefit of their medication by avoiding the challenges associated with the daily or weekly administration of orals and injectables. Medication non-adherence occurs when patients do not take their medication as prescribed. This affects an alarming number of patients, approximately 50%, including those taking daily pills. Medication non-adherence, which contributes to more than $500 billion in annual avoidable healthcare costs and 125,000 potentially preventable deaths annually in the U.S. alone, is a primary and daunting reason obese or overweight patients, and patients taking type 2 diabetes or other chronic disease treatments face significant challenges in achieving positive real-world effectiveness. While the current GLP-1 landscape includes over 50 new molecular entities under clinical stage development, Vivani remains confident that its highly differentiated portfolio of miniature long-acting GLP-1 implants have the potential to provide an attractive therapeutic option for patients, prescribers and payers. About Cortigent, Inc. Vivani's wholly owned subsidiary, Cortigent, Inc. ('Cortigent'), is developing precision neurostimulation systems intended to help patients recover critical body functions. Investigational devices include Orion®, designed to provide artificial vision to people who are profoundly blind, and a new system intended to accelerate the recovery of arm and hand function in patients who are partially paralyzed due to stroke. Cortigent has developed, manufactured, and marketed an implantable visual prosthetic device, Argus II®, that delivered meaningful visual perception to blind individuals. Vivani continues to assess strategic options for advancing Cortigent's pioneering technology. Forward-Looking Statements This press release contains certain 'forward-looking statements' within the meaning of the 'safe harbor' provisions of the US Private Securities Litigation Reform Act of 1995. Forward-looking statements can be identified by words such as: 'target,' 'believe,' 'expect,' 'will,' 'may,' 'anticipate,' 'estimate,' 'would,' 'positioned,' 'future,' and other similar expressions that in this press release, including statements regarding Vivani's business, products in development, including the therapeutic potential thereof, the planned development therefor, the initiation of the LIBERATE-1 trial and reporting of trial results, Vivani's emerging development plans for NPM-115, NPM-139, or Vivani's plans with respect to Cortigent and its proposed initial public offering, technology, strategy, cash position and financial runway. Forward-looking statements are neither historical facts nor assurances of future performance. Instead, they are based only on Vivani's current beliefs, expectations, and assumptions. Because forward-looking statements relate to the future, they are subject to inherent uncertainties, risks and changes in circumstances that are difficult to predict and many of which are outside of Vivani's control. Actual results and outcomes may differ materially from those indicated in the forward-looking statements. Therefore, you should not rely on any of these forward-looking statements. Important factors that could cause actual results and outcomes to differ materially from those indicated in the forward-looking statements include, among others, risks related to the development and commercialization of Vivani's products, including NPM-115 and NPM-119; delays and changes in the development of Vivani's products, including as a result of applicable laws, regulations and guidelines, potential delays in submitting and receiving regulatory clearance or approval to conduct Vivani's development activities, including Vivani's ability to commence clinical development of NPM-119; risks related to the initiation, enrollment and conduct of Vivani's planned clinical trials and the results therefrom; Vivani's history of losses and Vivani's ability to access additional capital or otherwise fund Vivani's business; market conditions and the ability of Cortigent to complete its initial public offering. There may be additional risks that the Company considers immaterial, or which are unknown. A further list and description of risks and uncertainties can be found in the Company's most recent Annual Report on Form 10-K filed with the U.S. Securities and Exchange Commission filed on March 31, 2025, as updated by the Company's subsequent Quarterly Reports on Form 10-Q. Any forward-looking statement made by Vivani in this press release is based only on information currently available to the Company and speaks only as of the date on which it is made. The Company undertakes no obligation to publicly update any forward-looking statement, whether written or oral, that may be made from time to time, whether as a result of added information, future developments or otherwise, except as required by law. Company Contact:Donald DwyerChief Business Officerinfo@ 506-8462 Investor Relations Contact:Jami TaylorInvestor Relations Advisorinvestors@ 506-8462 Media Contact:Sean LeousICR 866-4012VIVANI MEDICAL, SUBSIDIARIES Condensed Consolidated Balance Sheets (unaudited)(in thousands, except per share data) March 31, December 31, 2025 2024 ASSETS Current assets: Cash and cash equivalents $ 13,008 $ 18,352 R&D tax credit incentive receivable 175 253 Prepaid expenses and other current assets 1,667 1,837 Total current assets 14,850 20,442 Property and equipment, net 1,609 1,693 Operating lease right-of-use assets, net 17,523 17,957 Restricted cash 1,338 1,338 Other assets 132 131 Total assets $ 35,452 $ 41,561 LIABILITIES AND STOCKHOLDERS' EQUITY Current liabilities: Accounts payable $ 1,004 $ 817 Accrued expenses 1,859 1,803 Litigation accrual 1,675 1,675 Accrued compensation expense 350 343 Current operating lease liabilities 1,311 1,348 Total current liabilities 6,199 5,986 Long-term operating lease liabilities 17,629 17,965 Total liabilities 23,828 23,951 Commitments and contingencies (Note 12) Stockholders' equity: Preferred stock, par value $0.0001 per share; 10,000 shares authorized; none outstanding - - Common stock, par value $0.0001 per share; 300,000 shares authorized; shares issued and outstanding: 59,244 and 59,235 at March 31, 2025 and December 31, 2024, respectively 6 6 Additional paid-in capital 139,802 139,480 Accumulated other comprehensive income 42 48 Accumulated deficit (128,226 ) (121,924 ) Total stockholders' equity 11,624 17,610 Total liabilities and stockholders' equity $ 35,452 $ 41,561 VIVANI MEDICAL, SUBSIDIARIES Condensed Consolidated Statements of Operations (unaudited)(in thousands, except per share data) Three Months Ended March 31, 2025 2024 Operating expenses: Research and development, net of grants $ 4,217 $ 3,726 General and administrative, net of grants 2,340 2,501 Total operating expenses 6,557 6,227 Loss from operations (6,557 ) (6,227 ) Other income, net 255 188 Net loss $ (6,302 ) $ (6,039 ) Net loss per common share - basic and diluted $ (0.11 ) $ (0.12 ) Weighted average common shares outstanding - basic and diluted 59,236 52,202 Error in retrieving data Sign in to access your portfolio Error in retrieving data Error in retrieving data Error in retrieving data Error in retrieving data
Yahoo
10-05-2025
- Entertainment
- Yahoo
Biblical Drama ‘The Faithful' Greenlit at Fox
Fox will turn to the Bible for one of its drama series in the 2025-26 season. The network has greenlit The Faithful, a limited series from executive producer Carol Mendelsohn (CSI) and writer and showrunner Rene Echevarria (The 4400, Carnival Row). The six-episode series is based on the book of Genesis in the Old Testament and will be 'told through the eyes of the courageous and passionate, yet flawed women whose descendants would shape three of the world's great faiths: Judaism, Christianity and Islam,' per the show's logline. More from The Hollywood Reporter Josh Charles to Star in 'Doc Martin' Adaptation at Fox 'Lopez vs. Lopez' and 'Night Court' Canceled After Three Seasons Apiece at NBC 'American Idol' Among Five ABC Unscripted Pickups, 'Bachelor' Still in Limbo The series is the product of a first-look broadcast deal Mendelsohn signed with Fox in 2022. Fox Entertainment Studios is producing; Mendelsohn, her producing partner Julie Weitz and Echevarria are the executive producers. 'The Faithful follows the Old Testament's heroic, biblical matriarchs and opens a new lane of storytelling at Fox. This show is the definition of strong, female character-driven storytelling, exploring timeless themes that originated thousands of years ago, yet remain startlingly modern and relatable,' said Fox Television Network president Michael Thorn. 'Carol, Julie and Rene bring unbelievable depth, dimension, intimacy and surprise to stories so many think they know but will completely rediscover through this powerful new lens.' The Faithful will center on the stories of five women — Sarah and Hagar, Rebekah, and Leah and Rachel — and explore ideas around 'discovering and losing love, the challenges of marriage, the joys and heartbreak of children, confronting temptation and finding faith.' The drama is set to air over three consecutive weeks in the spring of 2026, coinciding with Passover and Easter in early April. It joins fellow newcomer Best Medicine on Fox's slate for next season. Best of The Hollywood Reporter 22 of the Most Shocking Character Deaths in Television History A 'Star Wars' Timeline: All the Movies and TV Shows in the Franchise 'Yellowstone' and the Sprawling Dutton Family Tree, Explained
