Nexien BioPharma, Inc. Reports Earnings Results for the First Quarter Ended September 30, 2021
November 22, 2021 at 08:25 pm IST
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Nexien BioPharma, Inc. reported earnings results for the first quarter ended September 30, 2021. For the first quarter, the company reported net loss was USD 0.121711 million compared to USD 1.06 million a year ago. Basic loss per share from continuing operations was USD 0.002 compared to USD 0.02 a year ago.
Nexien BioPharma, Inc. is engaged in pre-clinical and drug development activities for certain pharmaceutical formulations that include cannabinoids. The Company is focused on developing and commercializing United States Food and Drug Administration (FDA)-compliant cannabinoid pharmaceuticals, drug delivery systems, and related technologies for diseases, disorders and medical conditions. Its flagship research and development programs are focused on advancing formulations that have the potential to improve the treatment outcomes of certain convulsive disorders and neuromuscular disorders, which includes the treatment of myotonic dystrophy. The Company's wholly owned subsidiaries include Intiva BioPharma Inc., NexN Inc. (NexN) and NexDM Inc.