Windtree Therapeutics, Inc. (WINT) Bundle
A Brief History of Windtree Therapeutics, Inc. (WINT)
Company Formation
Company Formation
Windtree Therapeutics, Inc. was established in 2003 under the name Andaris, Inc. The company rebranded to Windtree Therapeutics, Inc. in 2014. The company is headquartered in Dallas, Texas, USA.
Primary Focus and Development
Windtree Therapeutics specializes in developing therapies for pulmonary diseases and critical care conditions. A notable area of focus for the company has been on molecules that can be inhaled to treat various lung conditions.
Key Products and Pipeline
The lead product candidate is Lynovex™ (formerly known as KL4 surfactant), aimed at treating surfactant deficiency in neonates with Respiratory Distress Syndrome (RDS).
Clinical Trials and Milestones
In 2016, Windtree Therapeutics initiated the Phase 2 clinical trial for Lynovex™. As of 2021, the trial has shown promising results in terms of safety and efficacy.
Financial Overview
As of the end of 2022, Windtree Therapeutics reported total assets of $26.4 million and total liabilities of $9.2 million, resulting in a stockholder equity of $17.2 million.
| Year | Revenue ($ millions) | Net Loss ($ millions) | Research & Development Expenses ($ millions) |
|---|---|---|---|
| 2020 | $0.5 | $(3.2) | $2.8 |
| 2021 | $1.0 | $(4.1) | $3.5 |
| 2022 | $1.2 | $(5.0) | $4.0 |
Stock Performance
The company trades on the NASDAQ under the ticker symbol WINT. As of August 2023, Windtree Therapeutics had a market capitalization of approximately $35 million.
Recent Developments
In July 2023, Windtree Therapeutics announced a partnership with a leading pharmaceutical company to further develop Lynovex™, potentially accelerating its path to market.
Conclusion of Current Status
As of October 2023, Windtree Therapeutics remains focused on advancing its clinical programs and enhancing its product pipeline, with a keen eye on regulatory submissions to expedite commercialization.
A Who Owns Windtree Therapeutics, Inc. (WINT)
Current Ownership Structure
Windtree Therapeutics, Inc. (WINT) has a diverse ownership structure comprising institutional investors, retail shareholders, and insiders. As of the latest filings, the following table outlines the significant shareholders:
| Shareholder Type | Percentage Ownership | Number of Shares |
|---|---|---|
| Institutional Investors | 45% | 12,500,000 |
| Insider Ownership | 10% | 2,800,000 |
| Retail Investors | 45% | 12,500,000 |
Major Institutional Investors
Institutional investors play a significant role in the ownership of Windtree Therapeutics, Inc. The following are the major institutional stakeholders:
| Institution Name | Percentage of Holdings | Shares Owned |
|---|---|---|
| BlackRock, Inc. | 15% | 4,200,000 |
| Vanguard Group, Inc. | 10% | 2,800,000 |
| State Street Global Advisors | 8% | 2,200,000 |
Insider Ownership
Insider ownership in Windtree Therapeutics indicates a commitment by the management and key employees. The following table lists major insiders and their holdings:
| Name | Position | Shares Owned |
|---|---|---|
| Christopher J. Schaber | President & CEO | 1,200,000 |
| David M. Raines | Chief Financial Officer | 800,000 |
| Glen A. McDonald | Chief Operating Officer | 600,000 |
Recent Share Performance
The stock performance of Windtree Therapeutics has shown fluctuations in the market. Below is a snapshot of the stock performance over the past year:
| Date | Stock Price ($) | Market Capitalization ($ Million) |
|---|---|---|
| October 2023 | 2.60 | 45.6 |
| July 2023 | 1.75 | 30.3 |
| April 2023 | 3.00 | 52.0 |
Shareholder Rights and Voting
Windtree Therapeutics provides its shareholders the right to vote on significant corporate matters as per the following distribution:
| Voting Class | Votes per Share | Total Votes |
|---|---|---|
| Common Stock | 1 | 24,000,000 |
| Preferred Stock | 10 | 2,000,000 |
Annual Meetings and Proxy Voting
Annual meetings are held to discuss the company's performance and future strategies. Proxy voting enables shareholders to vote without attending the meetings. Key dates include:
- Annual Meeting Date: June 15, 2023
- Proxy Voting Deadline: May 30, 2023
- Record Date for Voting: April 1, 2023
Recent Funding Rounds
Windtree Therapeutics has engaged in funding rounds to fuel growth and innovation. Below are the details of the latest funding rounds:
| Round | Date | Amount Raised ($ Million) |
|---|---|---|
| Series C | January 2023 | 15.0 |
| Series B | March 2022 | 10.0 |
| Seed Round | November 2021 | 5.0 |
Windtree Therapeutics, Inc. (WINT) Mission Statement
Overview of Windtree Therapeutics
Windtree Therapeutics, Inc. is a biopharmaceutical company focused on developing innovative therapies for respiratory and cardiovascular diseases. The company's mission is to provide solutions that enhance the quality of life for patients suffering from these conditions.
Mission Statement
The mission of Windtree Therapeutics is to revolutionize the treatment of patients with high unmet medical needs by developing novel therapies that deliver significant clinical benefits.
Core Values
- Innovation
- Integrity
- Patient-Centric Approach
- Collaboration
- Excellence
Recent Financial Performance
As of the end of the second quarter of 2023, Windtree Therapeutics reported the following financial metrics:
| Financial Metric | Amount (in USD) |
|---|---|
| Total Revenue | $1.5 million |
| Net Loss | ($3.2 million) |
| Cash and Cash Equivalents | $10.0 million |
| Total Assets | $15.5 million |
| Total Liabilities | $5.0 million |
Product Pipeline
The company is developing several product candidates, with a focus on the following:
| Product Candidate | Indication | Development Stage |
|---|---|---|
| LB 1148 | Acute Respiratory Distress Syndrome (ARDS) | Phase 3 Clinical Trials |
| KL4 | Cystic Fibrosis | Preclinical |
| PTC-03 | Congenital Diaphragmatic Hernia | Phase 2 Clinical Trials |
Strategic Initiatives
Windtree Therapeutics is focusing on several strategic initiatives to fulfill its mission, which include:
- Enhancing research and development capabilities.
- Establishing partnerships with research institutions and industry leaders.
- Increasing awareness of respiratory and cardiovascular conditions.
- Expanding market reach through targeted marketing strategies.
Investment and Funding
As of September 2023, Windtree Therapeutics has secured funding through various channels:
| Funding Source | Amount (in USD) |
|---|---|
| Equity Financing | $5.0 million |
| Grants | $1.2 million |
| Partnership Investments | $3.0 million |
Conclusion of Financial Commitments
Windtree Therapeutics is dedicated to fulfilling its mission through strategic financial investments and partnerships aimed at advancing its innovative therapies for respiratory and cardiovascular diseases.
How Windtree Therapeutics, Inc. (WINT) Works
Company Overview
Windtree Therapeutics, Inc. (WINT) is a biotechnology company focused on developing treatments for critical care patients suffering from pulmonary and cardiac conditions. As of the end of 2022, the company's cash and cash equivalents were approximately $16.5 million.
Business Model
Windtree operates in the biopharmaceutical sector, primarily involving the development of therapies that address unmet medical needs in respiratory and cardiovascular diseases. Their flagship product, Lung Inflammation Treatment (Aerosolized KL4), is currently in various stages of clinical trials.
Research and Development
Windtree allocates a significant portion of its budget to research and development. In the fiscal year 2022, R&D expenditures were around $7 million, which accounted for about 42% of total operating expenses.
Clinical Trials
The company has been involved in multiple clinical trials. As of October 2023, Windtree has initiated Phase 2 clinical trials for their aerosolized KL4 surfactant for treating neonates with Respiratory Distress Syndrome (RDS). The estimated enrollment for this trial is 200 patients.
Partnerships and Collaborations
Windtree has established partnerships with various research institutions and hospitals to enhance its clinical trial capabilities. Notably, in 2021, Windtree entered into a collaboration with Children's Hospital of Philadelphia for clinical research, expanding its operational reach.
Financial Performance
In the financial year of 2022, Windtree reported total revenues of $2.5 million, primarily from grant income and research collaborations. The net loss for the same period was approximately $14 million.
| Year | Total Revenue | Net Loss | Cash & Cash Equivalents | R&D Expenditures |
|---|---|---|---|---|
| 2020 | $1.8 million | $9 million | $18.2 million | $4 million |
| 2021 | $3.0 million | $10 million | $20 million | $5 million |
| 2022 | $2.5 million | $14 million | $16.5 million | $7 million |
Market Opportunities
Windtree focuses on addressing significant market opportunities in the respiratory and cardiac treatment domains, with a combined market size estimated to exceed $20 billion by 2025. The aging population and increasing prevalence of chronic respiratory diseases contribute to this growth.
Stock Information
As of October 2023, Windtree Therapeutics (WINT) stock is trading at approximately $0.75 per share. The market capitalization of the company is around $25 million.
Future Outlook
Windtree is working towards filing for potential FDA approvals for their key products over the next few years, focusing on advancing their clinical trials and securing additional funding. The projected timeline for future milestones includes:
- Completion of Phase 2 trials by Q4 2024
- FDA submission for KL4 surfactant by Q1 2025
- Expected revenue projections to reach $10 million by the end of fiscal year 2025
How Windtree Therapeutics, Inc. (WINT) Makes Money
Revenue Streams
Windtree Therapeutics primarily generates revenue through the development and commercialization of innovative therapeutic products. The company focuses on drug candidates that target critical conditions, particularly in the field of respiratory and cardiovascular diseases.
Licensing Agreements
Windtree engages in strategic licensing agreements, which serve as a crucial revenue stream. In 2021, Windtree entered into a licensing agreement with Sun Pharmaceutical Industries, worth up to $40 million in milestones and royalties. This strategic move is vital for supplementing their income.
Product Sales
Windtree's primary product, Lynsilumab, is developed for acute respiratory distress syndrome (ARDS). The company anticipates generating sales once the product receives market authorization. Estimated annual sales projections, contingent upon approval, are around $300 million.
Partnerships with Institutions
Collaborations with academic institutions and other pharmaceutical companies help Windtree expand its research capabilities and market reach. Recent collaborations valued at approximately $5 million in funding support further development of their lead candidates.
Research Grants
Windtree has obtained various research grants to support its development pipeline, totaling approximately $2 million in recent years. These grants are pivotal in financing clinical trials and product development.
| Revenue Source | Expected Amount/Value | Year |
|---|---|---|
| Licensing Agreements | $40 million | 2021 |
| Product Sales (Projected) | $300 million | Post-Approval |
| Partnership Funding | $5 million | 2023 |
| Research Grants | $2 million | Recent Years |
Clinical Development Grants
The company actively applies for clinical development grants from government bodies like the National Institutes of Health (NIH). For example, in 2022, they secured a $1.5 million grant to support the clinical trials of their drug candidates.
Market Expansion and Future Projections
As Windtree advances in its clinical trials, the potential for market expansion represents a substantial future revenue opportunity. Analysts project that, if approved, the company could generate upwards of $500 million annually across multiple products by 2025.
Investor Funding
Windtree has successfully raised funds through equity offerings. In 2023, the company raised $10 million in a public offering to finance ongoing research and development activities.
| Funding Source | Amount Raised | Year |
|---|---|---|
| Public Offering | $10 million | 2023 |
| NIH Grant | $1.5 million | 2022 |
Future Product Pipeline
The company is working on several other product candidates, which could eventually contribute to revenue streams. The pipeline includes therapies targeting various indications in the respiratory and cardiovascular spaces, with estimated future revenues exceeding $250 million upon successful commercialization.
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