-
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.
-
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).
-
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).
-
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.
-
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.
-
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.
-
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.
-
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.
-
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.
-
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.
-
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.
-
Processa appoints Russell Skibsted as CFO; James Stanker retires
Russell Skibsted appointed CFO effective July 16, 2024; succeeds James Stanker who retired.
-
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.