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Relmada Cash Reserves Reach $217.7M, Expected to Fund Operations Through 2029
As of June 30, 2026, the company's cash, cash equivalents, and short-term investments balance was $217.7M, which is expected to provide sufficient resources to fund operations through 2029. "Relmada has entered a critical execution phase as we prepare NDV-01 for registrational development. With FDA alignment, a robust clinical dataset, an experienced leadership team, and capital expected to fund operations through completion of the Phase 3 RESCUE program, we believe the Company is well positioned to create significant long-term value," said CEO Sergio Traversa.
Relmada Therapeutics Appoints Bipin Dalmia as Chief Business Officer
Relmada Therapeutics announced the appointment of Bipin Dalmia as chief business officer. Bipin will lead Relmada's corporate strategy, commercial planning, and business development activities, reporting directly to CEO Sergio Traversa.
Relmada Therapeutics Appoints Bipin Dalmia as Chief Business Officer
Relmada Therapeutics announced the appointment of Bipin Dalmia as chief business officer. Dalmia will lead Relmada's corporate strategy, commercial planning, and business development activities, reporting directly to CEO Sergio Traversa. Dalmia most recently served as senior VP, global head of portfolio strategy and business development at Ferring Pharmaceuticals, where he led the company's uro-oncology franchise, including the U.S. launch and global lifecycle and manufacturing strategy for Adstiladrin, the first FDA-approved intravesical gene therapy for BCG-unresponsive non-muscle invasive bladder cancer patients
Major Averages Volatile Amid Oil Price Spike
The major averages looked headed toward a down day amid another spike in oil prices due to the war in Iran and fears of broad stagflation. However, stocks rebounded into the green and oil prices declined after President Trump reportedly told a CBS reporter that the Iran war could be over soon, being quoted by CBS News Senior White House Correspondent Weijia Jiang asthat he thinks the war is "very complete, pretty much." Meanwhile, the Financial Times reported that G7 officials are considering tapping into strategic reserves.Get caught up quickly on the top news and calls moving stocks with these five Top Five lists.1. STOCK NEWS:Hims & Hersreached a pact with Novo Nordiskto bringLive Nationis near a settlement with the U.S. Department of Justice under which it may avoid selling Ticketmaster,Universal HealthTalkspacefor $5.25 per shareOpenAIAI security platform PromptfooAirlines are reconsidering growth plans amid the war in Iran,2. WALL STREET CALLS:Verizonto Outperform from Sector Perform at ScotiabankGE Vernovato Buy from Sell at Rothschild & Co RedburnuniQureat RBC Capital and Wells Fargo after news of Vinay Prasad leaving FDAJefferies Financialto Equal Weight at Morgan StanleyStarbucksto Peer Perform at Wolfe Research as a new analyst took over coverage3. AROUND THE WEB:Appleis pushing back the planned launch of its smart home display, Bloomberg saysAirbusis debating on a joint bid with Rheinmetalland OHB to build an internet service for the Bundeswehr armed forces, Bloomberg reportsTencentplans to invest several hundred million dollars on Paramount Skydance'sacquisition of Warner Bros Discovery, Bloomberg reportsKKRis working on a sale of CoolIT Systems, hoping to fetch a price tag in excess of $3B, The Financial Times reportsSamsung'sconsumer device chief TM Roh says the company is "open to strategic co-operation" with more AI groups, FT reports4. MOVERS:Xene Pharmaceuticalsgained after announcing its Phase 3 X-TOLE2 studyRelmadaincreased after reporting 12-month Phase 2Dianthusadvanced afterand announcing an early GO decision based on its Phase 3 trial of claseprubartOric Pharmaceuticalsfell after rival drugmaker Ipsenannounced it isin all indications from all Ipsen marketsFuelCellclosed lower after5. EARNINGS/GUIDANCE:Nayax, with CEO Yair Nechmad commenting, "Nayax delivered strong 2025 results and a very solid fourth quarter"Korn Feryand provided guidance for Q4ARS Pharmaceuticals, with EPS and revenue beating consensusSignet Jewelersprovidedand FY26Genius Groupreportedand provided guidance for FY26INDEXES:The Dow rose 239.25, or 0.50%, to 47,740.80, the Nasdaq gained 308.26, or 1.38%, to 22,695.95, and the S&P 500 advanced 55.97, or 0.83%, to 6,795.99.
Dow Jones Drops Over 400 Points Amid Oil Price Surge
The major averages were lower near noon, but well off earlier lows, amid the continued spike in oil prices due to the war in Iran and fears of broad stagflation. The Dow Jones Industrial Average is down over 400 points to start the week following its biggest weekly slide in nearly a year, though the index is still off sharper declines earlier in the session and the Nasdaq has almost come back to unchanged.Oil futures were surging after Middle East producers cut their output amid the continued closure of the key Strait of Hormuz passageway. Meanwhile, the Financial Times reported that G7 officials are considering tapping into the strategic reserves.Get caught up quickly on the top news and calls moving stocks with these five Top Five lists.1. STOCK NEWS:Hims & Hersreached a pact with Novo Nordiskto bringto its platformLive Nationis near a settlement with the U.S. Department of Justice under which it may avoid selling Ticketmaster,Meanwhile, New York AG Letitia James said the DOJ settlement with Live NationUniversal HealthTalkspacefor $5.25 pere shareStrategyacquired2. WALL STREET CALLS:Verizonto Outperform from Sector Perform at ScotiabankGE Vernovato Buy from Sell at Rothschild & Co RedburnuniQureat RBC Capital and Wells Fargo after news of Vinay Prasad leaving FDAJefferies Financialto Equal Weight at Morgan StanleyStarbucksto Peer Perform at Wolfe Research as a new analyst took over coverage3. AROUND THE WEB:Airbus (EADSY) is debating on a joint bid with Rheinmetalland OHB to build an internet service for the Bundeswehr armed forces, Bloomberg reportsTencentplans to invest several hundred million dollars on Paramount Skydance'sacquisition of Warner Bros Discovery, Bloomberg reportsKKRis working on a sale of CoolIT Systems, hoping to fetch a price tag in excess of $3B, The Financial Times reportsSamsung'sconsumer device chief TM Roh says the company is "open to strategic co-operation" with more AI groups, FT reportsSamsung and SK Hynixhave been chosen as the sole suppliers of sixth-generation HBM4 for Nvidia'snext flagship AI accelerator, Vera Rubin, over Micron, KED says4. MOVERS:Xene Pharmaceuticalsgains in New York after announcing its Phase 3 X-TOLE2 studyRelmadaincreases after reporting 12-monthfor NDV-01Dianthushigher afterand announcing an early GO decision based on its Phase 3 trial of claseprubartOric Pharmaceuticalsfalls after rival drugmaker Ipsenannounced it isin all indications from all Ipsen marketsFuelCelllower after5. EARNINGS/GUIDANCE:Nayax, with CEO Yair Nechmad commenting, "Nayax delivered strong 2025 results and a very solid fourth quarter"Korn Feryand provided guidance for Q4ARS Pharmaceuticals, with EPS and revenue beating consensusSignet Jewelersfor Q4 and FY26Genius Groupand provided guidance for FY26INDEXES:Near midday, the Dow was down 0.88%, or 419.57, to 47,081.98, the Nasdaq was down 0.08%, or 16.97, to 22,370.71, and the S&P 500 was down 0.49%, or 32.87, to 6,707.15.
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