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Processa Pharmaceuticals transitions Chief Development Officer to part-time role effective May 1, 2026
Dr. Sian Bigora moves from full-time executive to part-time employee, retains Chief Development and Regulatory Officer title.
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Processa's binding term sheet with Intact Therapeutics for PCS12852 expires without deal
Binding Term Sheet dated June 17, 2025 with Intact Therapeutics expired February 12, 2026.
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Processa Pharmaceuticals regains compliance with Nasdaq $1.00 minimum bid price; delisting matter closed
Received Nasdaq notification on January 6, 2026 confirming compliance with Listing Rule 5550(a)(2).
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Processa Pharmaceuticals announces 1-for-25 reverse stock split effective Dec 16, 2025
Reverse split reduces outstanding shares 25:1; no change to authorized shares (1B).
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Processa shareholders approve 10x authorized share increase and reverse split
Shareholders approved increase in authorized common shares from 100M to 1B (13.7M for, 3.0M against).
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Processa shareholders approve 10x increase in authorized shares, reverse split up to 1:50
Approved increase of authorized common shares from 100M to 1B (13.7M for, 3.0M against).
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Processa adjourns special meeting; reconvened Sept 11, record date unchanged
Special meeting originally Sept 2 adjourned; now reconvened Sept 11 at 10:30 AM ET in Vero Beach, FL.
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Processa special meeting adjourned due to lack of quorum; reconvenes Sept 12
Special shareholder meeting on Sept 2, 2025 adjourned without conducting business because a quorum was not present.
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Processa Pharmaceuticals changes 2025 Special Meeting location to Pasadena, CA
Board changed 2025 Special Meeting location from Vero Beach, FL to Pasadena, CA (August 25, 2025).
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Processa Pharmaceuticals raises ~$1.3M in private placement; evaluating crypto treasury strategies
Raised ~$1.3M via private placement of 5.47M restricted shares at $0.23/share.
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Processa receives second 180-day grace period to regain Nasdaq bid price compliance
Grace period runs until February 2, 2026 to meet $1.00 minimum bid price.
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Processa raises $1.3M in private placement; evaluating crypto treasury strategy
Sold 5,467,181 restricted shares at $0.23/share for ~$1.3M gross proceeds.
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Processa Pharmaceuticals files prospectus supplement to sell up to $5.2 million shares of common stock
On July 25, 2025, Processa filed a prospectus supplement to its Form S-3 (Registration No. 333-279588) for an equity distribution agreement with A.G.P./Alliance Global Partners.
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Processa shareholders elect all six directors and approve warrant share issuance at 2025 annual meeting
All six director nominees elected: Justin Yorke, George Ng, Khoso Baluch, James Neal, Geraldine Pannu, Dr. David Young.
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Processa Pharmaceuticals adjourns annual meeting due to lack of quorum; reconvened on July 18, 2025
Annual meeting on June 30, 2025, adjourned due to insufficient quorum; no business conducted.
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Processa Pharmaceuticals Announces Strategic Portfolio Review, Pipeline Realignment, and $7M Capital Infusion
Terminated licensing agreement with Ocuphire Pharma (now Opus Genetics) for PCS3117, returning rights to original licensor.
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Processa amends Yuhan license; annual meeting adjourned for lack of quorum
Amendment No. 1 to License Agreement with Yuhan Corporation effective June 11, 2025, linked to term sheet with Intact Therapeutics dated June 17, 2025.
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Processa prices $7M public offering of common stock and warrants at $0.25/unit
Gross proceeds of $7M before expenses; offering of 28M shares/pre-funded warrants plus 28M common warrants.
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Processa grants Intact exclusive option to license PCS12852 for up to $452.5M milestones plus royalties
Near-term payments: $2.5M option exercise fee plus 3.5% equity stake in Intact upon closing.
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Processa Pharmaceuticals posts investor presentation; details not available in filing
Regulation FD disclosure of a slide presentation dated February 2025.
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Processa receives Nasdaq bid-price deficiency notice; 180 days to regain compliance
Nasdaq notified Processa that common stock bid price closed below $1.00 for 30 consecutive business days.
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Processa closes $5M public offering; Series A/B warrants at $0.65 exercise price
Gross proceeds of $5.0M from offering closed Jan 29, 2025; net proceeds for general corporate purposes.
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Processa Pharmaceuticals replaces auditor BD & Co. with Cherry Bekaert
BD & Co. resigned Oct 31, 2024 after merger into Citrin Cooperman; no disagreements or reportable events.
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Processa Pharmaceuticals doses first patient in Phase 2 trial of NGC-Cap for metastatic breast cancer
First patient dosed in Phase 2 trial (NCT06568692) of NGC-Cap vs capecitabine in 60-90 advanced/metastatic breast cancer patients.
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Processa provides pipeline update, Q2 net loss $3.0M; Phase 2 NGC-Cap trial underway
FDA cleared IND for NGC-Cap Phase 2 in July 2024; multicenter trial in metastatic breast cancer initiated, initial data expected mid-2025.
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FDA clears IND for Processa's NGC-Cap Phase 2 trial in breast cancer
FDA cleared IND for NGC-Cap Phase 2 trial in advanced/metastatic breast cancer.
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Processa appoints Russell Skibsted as CFO; James Stanker retires
Russell Skibsted appointed CFO effective July 16, 2024; succeeds James Stanker who retired.
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Processa shareholders elect directors, approve equity plan increase and auditor ratification
All six director nominees (Yorke, Ng, Baluch, Neal, Pannu, Young) elected with over 878K 'For' votes each.
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Processa enters ATM equity agreement to sell up to $2.4M in common stock
Sales agreement with A.G.P./Alliance Global Partners for at-the-market offering of up to $2.4 million.
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Processa presents NGC-Cap Phase 1b data at AACR; poster modified
David Young, President R&D, presented two abstracts at AACR 2024 on NGC-Cap and Project Optimus.
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Processa CEO presents at MedInvest conference; no specific material data in filing
CEO George Ng presented at MedInvest Biotech + Pharma Investor Conference on April 3, 2024 in NYC.