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Ovid Therapeutics to Host Investor Event

Key Takeaway: Ovid Therapeutics Inc. announced an investor event scheduled for November 13, 2024, to discuss its KCC2 activator portfolio. The event will be held at the company's headquarters in New York and will include presentations from leading experts in the field of neurology. The aim is to highlight the therapeutic potential of Ovid's ongoing programs including OV350, which is designed to address rare neurological conditions. Ovid's press release emphasizes the innovative nature of its drug pipeline while noting the inherent risks of drug development.
Price reaction · baseline $1.15 (2024-10-30 close) · hit after-hours · clean, no other OVID news in the window
day 0 close · peak
-1.7%

Market Sentiment Analysis

POSITIVE FACTORS

  • Ovid Therapeutics is hosting an investor event to showcase its KCC2 portfolio.
  • The event will feature recognized thought leaders in neurology and neuropharmacology.
  • The company is advancing a pipeline of innovative treatment candidates for rare neurological conditions.

CONCERNS & RISKS

  • Forward-looking statements in the press release indicate potential uncertainties and risks associated with drug development and regulatory approval.

BiopharmaWatch Analysis

From our catalyst data and publicly available data · not financial advice
Best trade, last catalyst
+622%
120-day peak, hindsight
Typical move
2.4%
average across 3 past catalysts
Cash runway
~33 mo
Minimal dilution risk

Full Press Release Details

NEW YORK, Oct. 31, 2024 (GLOBE NEWSWIRE) -- Ovid Therapeutics Inc. (Nasdaq: OVID), a biopharmaceutical company dedicated to improving the lives of people affected by rare epilepsies and brain conditions, today announced that it will host an investor event focused on its portfolio of direct potassium chloride co-transporter 2 (KCC2) activators on Wednesday, November 13, 2024. The event will take place at Ovid’s headquarters in New York’s Hudson Yards from 9:30 to 11:30 am ET and will be webcast simultaneously.
The session will focus on the biological relevance and broad potential therapeutic opportunity associated with Ovid’s KCC2 portfolio. Company management will provide updates on the portfolio’s programs, including the first in the franchise, OV350. Recognized thought leaders in neurology and neuropharmacology will present, including:
Jeffrey Noebels, M.D., Ph.D. - Cullen Trust for Health Care Endowed Chair in Neurogenetics and Professor of Neurology, Neuroscience, and Molecular and Human Genetics at Baylor College of Medicine, and Director of The Blue Bird Circle Developmental Neurogenetics Laboratory
Karl Kieburtz, M.D., M.P.H. - Professor of Neurology, University of Rochester School of Medicine, and Managing Principal of Clintrex Research LLC
Stephen Moss, Ph.D. - Director of the Moss Labs for Neuropharmacology within Tufts University Neuroscience Department and Professor of Molecular Pharmacology, Department of Neuroscience, Physiology, and Pharmacology, University College, London
Interest in Attending
To attend in person, contact Ovid Investor Relations at IR@ovidrx.com for registration. Breakfast and lunch will be provided.
A live webcast of the presentation can be accessed through the Events & Presentations section of Ovid's website at https://investors.ovidrx.com.
About Ovid Therapeutics
Ovid Therapeutics Inc. is a New York-based biopharmaceutical company that is dedicated to improving the lives of people affected by rare epilepsies and brain conditions. Ovid is advancing a pipeline of novel, targeted small molecule candidates that modulate the intrinsic and extrinsic factors involved in neuronal hyperexcitability causative of seizures and other neurological symptoms. Ovid is developing: OV888/GV101 capsule, a potent and highly selective rho-associated coiled-coil containing protein kinase 2 (ROCK2) inhibitor, for the potential treatment of cerebral cavernous malformations and other rare central nervous system diseases; OV329, a GABA-AT inhibitor, a potential therapy for treatment-resistant seizures; and OV350, a direct activator of the potassium-chloride co-transporter 2 (KCC2), for the potential treatment of epilepsies, neurodegenerative and other psychiatric conditions. For more information about these and other Ovid research programs, please visit www.ovidrx.com.
Forward- Looking Statements
This press release includes certain disclosures by Ovid that contain “forward-looking statements” including, without limitation: the therapeutic potential of any of Ovid’s KCC portfolio, including OV350; the potential therapeutic opportunity of OV888/GV101 capsule, and OV329; and other statements that are not historical fact. You can identify forward-looking statements because they contain words such as “anticipates,” “believes,” “expects,” “intends,” “may,” “plan,” “potentially,” and “will,” and similar expressions (as well as other words or expressions referencing future events, conditions or circumstances). Forward-looking statements are based on Ovid’s current expectations and assumptions. Because forward-looking statements relate to the future, they are subject to inherent uncertainties, risks and changes in circumstances that may differ materially from those contemplated by the forward-looking statements, which are neither statements of historical fact nor guarantees or assurances of future performance. Important factors that could cause actual results to differ materially from those in the forward-looking statements include, without limitation, the risk that results of preclinical studies or earlier clinical trials are not necessarily predictive of future results, our drug candidates may not have favorable results in planned or future preclinical studies or clinical trials, or may not receive regulatory approval. Additional risks that could cause actual results to differ materially from those in the forward-looking statements are set forth under the caption “Risk Factors” in Ovid’s Quarterly Report on Form 10-Q filed with the Securities and Exchange Commission (“SEC”) on August 13, 2024, and in future filings Ovid makes with the SEC. Any forward-looking statements contained in this press release speak only as of the date hereof, and Ovid assumes no obligation to update any forward-looking statements contained herein, whether because of any new information, future events, changed circumstances or otherwise, except as otherwise required by law.

Frequently Asked Questions

When is Ovid Therapeutics' investor event scheduled?

The investor event is on November 13, 2024, from 9:30 to 11:30 am ET.

Where will the investor event be held?

The event will be at Ovid’s headquarters in New York's Hudson Yards.

What focus will the investor event have?

It will focus on Ovid's KCC2 portfolio and its therapeutic potential.

How can I attend the investor event?

Contact Ovid Investor Relations at IR@ovidrx.com to register for in-person attendance.

What is OV350 in Ovid's pipeline?

OV350 is a direct activator of potassium-chloride co-transporter 2 (KCC2).

Last updated: Oct 31, 2024