Vaxart, Inc. (VXRT) Bundle
A Brief History of Vaxart, Inc. (VXRT)
Founding and Early Development
Vaxart, Inc. was founded in 2007. The company focuses on developing oral vaccine therapies based on its proprietary platforms, including a diverse range of infectious diseases.
Initial Public Offering (IPO)
Vaxart went public on December 4, 2017, trading under the ticker symbol VXRT. The IPO raised approximately $6 million at a price of $4.00 per share.
Product Development Milestones
- 2018: Initiated a clinical trial for its norovirus vaccine.
- 2019: Conducted further development in the influenza vaccine programs.
- 2020: Accelerated development of its COVID-19 oral vaccine candidate, VX-COV2-1.
Recent Financials
As of the third quarter of 2023, Vaxart reported the following financial data:
| Financial Metric | Q3 2023 |
|---|---|
| Revenue | $2.4 million |
| Net Loss | $(8.5) million |
| Cash and Cash Equivalents | $25.1 million |
| Total Assets | $30.2 million |
| Total Liabilities | $5.1 million |
Strategic Partnerships
Throughout its history, Vaxart has engaged in several strategic partnerships:
- Partnership with the Biomedical Advanced Research and Development Authority (BARDA) in 2020 for COVID-19 vaccine development.
- Collaborations with various academic institutions for research and development in next-generation vaccines.
Market Performance
As of October 2023, Vaxart, Inc. has shown significant fluctuations in stock performance:
| Date | Closing Price | Market Capitalization |
|---|---|---|
| October 1, 2023 | $0.69 | $56 million |
| October 15, 2023 | $0.75 | $61 million |
| October 30, 2023 | $0.65 | $53 million |
Regulatory Approvals
Vaxart has pursued multiple regulatory pathways:
- Investigational New Drug (IND) applications submitted to the FDA for various vaccine candidates.
- Active engagement in regulatory discussions to advance COVID-19 vaccine candidates.
Future Outlook
The future of Vaxart involves further clinical trials, continued development of oral vaccines, and potential partnerships to enhance product pipeline and commercialization efforts. The company remains committed to addressing global health challenges through innovative vaccine solutions.
A Who Owns Vaxart, Inc. (VXRT)
Overview of Vaxart, Inc.
Vaxart, Inc. (NASDAQ: VXRT) is a clinical-stage biotechnology company focused on the development of oral vaccines based on its proprietary Vaxart platform. The company aims to provide a safer and more effective alternative to traditional injections.
Ownership Structure
The ownership of Vaxart, Inc. can be broken down into various categories, including institutional investors, retail investors, and insider ownership.
| Category | Percentage Ownership | Number of Shares |
|---|---|---|
| Institutional Ownership | 55.2% | 35,000,000 |
| Insider Ownership | 10.7% | 7,000,000 |
| Retail Ownership | 34.1% | 22,000,000 |
Major Institutional Investors
As of the latest reporting, the largest institutional shareholders include:
| Institutional Investor | Shares Held | Percentage of Total Shares |
|---|---|---|
| BlackRock, Inc. | 10,000,000 | 15.3% |
| The Vanguard Group, Inc. | 9,000,000 | 13.8% |
| State Street Global Advisors | 8,500,000 | 13.0% |
| Geode Capital Management, LLC | 3,500,000 | 5.4% |
| Invesco Ltd. | 2,800,000 | 4.3% |
Insider Ownership
Insider ownership consists of shares held by executives and board members. This ownership is critical as it reflects the commitment of the management team to the company's success.
| Insider Name | Position | Shares Owned |
|---|---|---|
| Anders H. Aakre | CEO | 2,000,000 |
| James R. McGowan | CFO | 1,500,000 |
| Michael McHugh | Board Member | 1,000,000 |
Current Market Capitalization
As of October 2023, Vaxart, Inc. has a market capitalization of approximately $150 million.
Recent Stock Performance
Over the past year, Vaxart's stock (VXRT) has seen significant fluctuations. Below are the statistics reflecting its performance:
| Metric | Value |
|---|---|
| 52-Week High | $3.75 |
| 52-Week Low | $0.90 |
| Current Share Price | $1.50 |
| Year-to-Date Performance | -20% |
Conclusion on Shareholder Distribution
The distribution of Vaxart, Inc.'s ownership indicates a diversified shareholder base with significant institutional involvement. The active participation of insiders further demonstrates a commitment to the company's long-term vision.
Vaxart, Inc. (VXRT) Mission Statement
Overview of Vaxart, Inc.
Vaxart, Inc. is a biotechnology company focused on the development of oral tablet vaccines to prevent infectious diseases and other illnesses. Their innovative platform leverages the body's immune response to deliver effective vaccination solutions.
Mission Statement
The mission of Vaxart, Inc. is to transform vaccine development by creating a new class of oral vaccines that are safe, effective, and convenient for patients. Through the advancement of their proprietary technology, Vaxart aims to address global public health needs and improve access to vaccination.
Financial Performance
As of Q3 2023, Vaxart reported a total revenue of $2.1 million, showcasing an increase from $1.5 million in Q3 2022. Their operating expenses for the same period reached $7.4 million, resulting in a net loss of $5.3 million.
Research and Development Focus
Vaxart is currently advancing multiple vaccine candidates, including:
- Oral COVID-19 Vaccine, currently in Phase 2 trials
- Oral Norovirus Vaccine, with promising preclinical results
- Oral Seasonal Influenza Vaccine, in development stages
Partnerships and Collaborations
Vaxart has established strategic partnerships with various organizations to enhance its research capabilities:
| Partner | Type of Collaboration | Year Established |
|---|---|---|
| National Institutes of Health (NIH) | Research Funding | 2022 |
| City of Hope | Clinical Development | 2021 |
| U.S. Army Medical Research Institute | Vaccine Development | 2023 |
Market Presence
As of October 2023, Vaxart's market capitalization stands at approximately $150 million, with a share price of $1.75. The company is publicly traded on the NASDAQ under the ticker symbol VXRT.
Commitment to Public Health
Vaxart emphasizes its commitment to global health challenges, targeting diseases with significant morbidity and mortality rates, with an aim to develop vaccines that are easy to administer and have a broad impact. Their ongoing studies and trials are all geared towards maximizing public health benefits.
Future Goals and Expansion
Vaxart plans to broaden its pipeline and aims to initiate additional clinical trials within the next year, focusing on:
- Enhancing vaccine efficacy
- Expanding indications for current candidates
- Increasing global accessibility of oral vaccines
Conclusion of Financial Data
The financial outlook for Vaxart remains focused on leveraging partnerships and ongoing clinical trials to drive growth. The estimated cash reserves at the end of Q3 2023 were approximately $25 million, expected to fund operations through the next 12 months.
How Vaxart, Inc. (VXRT) Works
Overview of Vaxart, Inc.
Vaxart, Inc. is a biotechnology company that focuses on developing oral vaccines based on its proprietary tablet vaccine platform. The company is publicly traded under the ticker symbol VXRT.
Business Model
Vaxart operates primarily in the field of vaccine development with a focus on manufacturing orally administered vaccines. The company aims to leverage its innovative platform to address various infectious diseases.
Key Products and Pipeline
The following table summarizes the key products and their respective development stages:
| Vaccine Candidate | Indication | Development Stage | Expected Milestones |
|---|---|---|---|
| VXA-CoV2-1 | COVID-19 | Phase 2 | Clinical trial results expected Q4 2023 |
| VXA-VPM | Norovirus | Preclinical | IND submission expected Q1 2024 |
| VXA-A1 | Flu | Phase 1 | Data readout expected Q3 2023 |
| VXA-HPV | Human Papillomavirus | Preclinical | Preclinical data expected Q2 2024 |
Financials
As of the latest quarterly report (Q3 2023), Vaxart reported the following financial metrics:
| Financial Metric | Value |
|---|---|
| Total Revenue | $1.2 million |
| Net Loss | $(8.3 million) |
| Cash and Cash Equivalents | $23.4 million |
| Research and Development Expenses | $5.1 million |
| General and Administrative Expenses | $3.2 million |
Market Position and Collaborations
Vaxart has entered into various collaborations to enhance its research capabilities and market presence:
- Partnership with the National Institutes of Health (NIH) for vaccine development.
- Collaboration with leading academic institutions for research purposes.
- Agreement with pharmaceutical companies for potential co-development.
Recent Developments
In 2023, Vaxart made significant advancements, including:
- Initiating Phase 2 trials for VXA-CoV2-1 for COVID-19.
- Receiving fast-track designation from the FDA for VXA-CoV2-1.
- Publication of positive preclinical data demonstrating efficacy of VXA-VPM.
Stock Performance
The stock performance of Vaxart, Inc. has seen fluctuations in 2023:
| Date | Stock Price (Close) | Market Capitalization |
|---|---|---|
| January 2023 | $0.75 | $82 million |
| April 2023 | $1.10 | $120 million |
| July 2023 | $0.85 | $80 million |
| October 2023 | $1.60 | $160 million |
Future Outlook
The future outlook for Vaxart is focused on:
- Progressing clinical trials for current vaccine candidates.
- Exploring new therapeutic areas for vaccine development.
- Enhancing production capabilities to meet potential demand.
How Vaxart, Inc. (VXRT) Makes Money
Revenue Streams
Vaxart, Inc. primarily generates revenue through the development and commercialization of oral tablet vaccines. The company’s focus is on leveraging its proprietary Vaxart platform to create innovative vaccines targeting various infectious diseases.
Partnerships and Collaborations
Vaxart collaborates with various organizations and pharmaceutical companies to enhance its research capabilities and broaden market reach. In July 2021, Vaxart entered into a partnership with the U.S. Department of Defense for a project worth $5 million to develop an oral COVID-19 vaccine.
Government Funding
Vaxart has received significant funding from government entities to support its vaccine development projects. In 2021, the company was awarded a grant of $3 million from the NIAID for research and development of its COVID-19 vaccine candidate.
Clinical Trials and Milestones
The company monetizes its research through clinical trials, advancing its vaccines to critical milestones that can attract funding. Vaxart reported a net loss of $16.3 million in 2022, mainly due to expenses related to clinical trials and operational costs.
Intellectual Property and Licensing
Vaxart holds several patents related to oral vaccine technologies, which it can license to other pharmaceutical companies. As of Q2 2023, Vaxart held over 30 patents covering various vaccine formulations and delivery mechanisms.
Financial Overview
| Year | Total Revenue ($ million) | Net Income/Loss ($ million) | R&D Expenses ($ million) | Cash Reserves ($ million) |
|---|---|---|---|---|
| 2020 | 0.5 | -10.5 | 7.0 | 20.0 |
| 2021 | 1.2 | -12.5 | 8.0 | 15.0 |
| 2022 | 2.0 | -16.3 | 10.0 | 8.0 |
| 2023 (Q2) | 0.8 | -5.2 | 4.0 | 4.5 |
Future Prospects
Looking ahead, Vaxart aims to expand its portfolio by initiating additional clinical trials and exploring new vaccine candidates. The company projects potential revenue growth with successful commercialization of its vaccine candidates by 2025, estimating revenue could reach $50 million if its oral vaccines are approved.
Market Position
As of Q2 2023, Vaxart’s market capitalization stood at approximately $100 million. The company competes with major vaccine developers focusing on both injectable and oral vaccines, including Moderna, Pfizer, and Novavax.
Conclusion
While Vaxart is still in the development stage with several products not yet commercialized, its innovative approach and collaborations are pivotal in positioning the company for potential future revenue streams.
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