PLXP PLx Pharma Inc.

5.94
+0.03  (+1%)
Previous Close 5.91
Open 5.86
52 Week Low 1.8
52 Week High 7.07
Market Cap $82,654,576
Shares 13,911,633
Float 12,215,549
Enterprise Value $88,778,494
Volume 22,871
Av. Daily Volume 45,692
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Drug Pipeline

Drug Stage Notes
VAZALORE 325 mg and 81 mg doses
Aspirin - cardiovascular and stroke patients patients
sNDA Filing
sNDA Filing
sNDA filing announced November 16, 2020.
Locilex
Mild infections of diabetic foot ulcers
Phase 3
Phase 3
Phase 3 top-line data did not meet endpoints - October 25, 2016.

Latest News

  1. --Announces $18 million private placement--

    --Submitted sNDAs for VAZALORE 325 mg and 81 mg doses to FDA end of October--

    --On target for third quarter 2021 commercial launch of VAZALORE--

    SPARTA, N.J., Nov. 16, 2020 (GLOBE NEWSWIRE) -- PLx Pharma Inc. (NASDAQ:PLXP) ("PLx" or the "Company"), a late-stage specialty pharmaceutical company focused on its clinically-validated and patent-protected PLxGuard™ drug delivery platform to provide more effective and safer products, with its lead products VAZALORE™ 325 mg and VAZALORE™ 81 mg (referred to together as "VAZALORE"), announced today certain financial and operational results for the three and nine months ended September 30, 2020.

    Highlights of, and certain events subsequent to, the third…

    --Announces $18 million private placement--

    --Submitted sNDAs for VAZALORE 325 mg and 81 mg doses to FDA end of October--

    --On target for third quarter 2021 commercial launch of VAZALORE--

    SPARTA, N.J., Nov. 16, 2020 (GLOBE NEWSWIRE) -- PLx Pharma Inc. (NASDAQ:PLXP) ("PLx" or the "Company"), a late-stage specialty pharmaceutical company focused on its clinically-validated and patent-protected PLxGuard™ drug delivery platform to provide more effective and safer products, with its lead products VAZALORE™ 325 mg and VAZALORE™ 81 mg (referred to together as "VAZALORE"), announced today certain financial and operational results for the three and nine months ended September 30, 2020.

    Highlights of, and certain events subsequent to, the third quarter of 2020 include:

    • Entered into an $18 million private placement with investors led by White Rock Capital Management, L.P. and Level One Partners, LLC;
    • Submitted supplemental New Drug Applications ("sNDAs") for VAZALORE 325 mg and 81 mg doses to the U.S. Food and Drug Administration ("FDA") for regulatory approval at the end of October ahead of previously announced timeline; and
    • Targeting commercial launch of both VAZALORE 325 mg and 81 mg doses for the third quarter of 2021, assuming FDA approval, adequate capital funding and no COVID-related delays.

    "The submission of our two sNDAs marks a significant milestone for PLx in our efforts to bring VAZALORE, our novel aspirin therapy to market. While VAZALORE is under regulatory review, we will continue our precommercial activities focused on specialists treating vascular disease, retailers and consumers. Our upcoming priorities are to execute our commercial strategy for a successful product launch that will bring this much-needed aspirin alternative to the millions of at-risk patients," said Natasha Giordano, President and Chief Executive Officer of PLx.

    Private Placement

    On November 16, 2020, the Company entered into a securities purchase agreement for the sale of units comprised of shares of common stock and a warrant to purchase shares of common stock in a private placement that will result in gross proceeds to the Company of approximately $18 million, before deducting placement agent and other offering expenses, for the issuance of 4,755,373 shares of common stock and warrants to purchase up to an additional 5,230,910 shares of common stock for a per unit price of $3.787. The private placement is expected to close on or prior to November 18, 2020. The warrants will become exercisable on the date of issuance, have an exercise price of $4.31 per share and will expire five years from the date of issuance.

    "We are pleased to be leading the financing in support of PLx and VAZALORE, as the Company advances its innovative aspirin product through the regulatory process and prepares for market entry. With management's extensive experience launching large, commercially successful products, we are confident in PLx's ability to execute its strategic plan and to take full advantage of the significant market opportunity for VAZALORE," stated Tom Barton, White Rock Capital Management, L.P.

    Third Quarter 2020 Financial Results

    The Company recognized no revenue for the three months ended September 30, 2020, compared to revenue of $41,106 for the three months ended September 30, 2019. Revenue in the 2019 period is attributable to work performed under a federal grant from the National Institutes of Health ("NIH"), which came to an end in the second quarter of 2020.

    Research and development expense totaled $1.2 million in the three months ended September 30, 2020 and 2019. The expense in the 2020 period includes clinical-related spending for the bioequivalence study combined with pre-validation manufacturing costs. The prior year period included manufacture and packaging costs for the VAZALORE registration batches.

    General and administrative expenses totaled $2.0 million in the three months ended September 30, 2020, compared to $2.5 million in the prior year period. The decrease primarily reflects lower compensation-related expenses combined with reduced spending on conferences and related travel due to COVID-19 restrictions.

    Other income (expense), net, totaled $61,847 and $5.4 million of net other income in the three months ended September 30, 2020 and 2019, respectively. The decrease is largely attributable to the non-cash change in fair value of warrant liability primarily due to the fluctuation of the price of the Company's common stock, combined with lower net interest expense, which was impacted by a lower principal debt balance and lower interest rates.

    Net loss attributable to common stockholders for the third quarter of 2020 was $3.6 million, or ($0.40) per basic and diluted share, compared to net income of $1.4 million, or $0.09 per share, for the third quarter of 2019. The third quarter of 2020 includes non-cash income of $134,552, or $0.01 per share, related to the change in fair value of warrant liability and $0.5 million, or ($0.05) per share, of Series A and Series B convertible preferred stock dividends. The third quarter of 2019 included non-cash income of $5.5 million, or $0.55 per share, related to the change in the warrant liability and $0.3 million, or ($0.03) per share, for preferred stock dividends related to the Series A convertible preferred stock.

    Nine Months Ended September 30, 2020 Financial Results

    For the nine months ended September 30, 2020, revenue was $30,430 compared to $541,571 in the comparable period in 2019. All the revenue recognized is attributable to work performed under an award of an NIH grant, which came to an end in the second quarter of 2020.

    Research and development expense decreased to $3.1 million for the nine months ended September 30, 2020, compared to $3.8 million for the first nine months of 2019. The decrease is due to lower manufacturing-related activities for VAZALORE, as the prior year included the manufacture and packaging of the registration batches. The decrease also reflects lower reimbursable grant expenses, as the grant from the NIH came to an end in the second quarter 2020. Higher clinical-related spending, primarily for the bioequivalence study, partially offset this decrease.  

    General and administrative expense totaled $6.7 million for the nine months ended September 30, 2020, compared to $7.2 million in the comparable 2019 period. The decrease was due to compensation-related expense and reduced spending on conferences and related travel due to COVID-19 restrictions, offset somewhat by higher spending on pre-launch marketing activities and higher stock compensation expense.

    Other income (expense), net was $2.5 million of net other income for the first nine months of 2020, compared to $8.1 million of net other expense for the first nine months of 2019. The difference is largely attributable to the non-cash change in fair value of warrant liability, primarily due to the fluctuation of the price of the Company's common stock, combined with lower net interest expense due to lower interest rates and a lower principal debt balance.

    Net loss attributable to common stockholders for the nine months ended September 30, 2020 was $8.5 million, or ($0.92) per share, compared to net loss attributable to common stockholders of $31.9 million, or ($3.60) per share, for the first nine months of 2019. The first nine months of 2020 included non-cash income of $2.8 million, or $0.31 per share, as a result of a change in the fair value of the warrant liability and $1.2 million of Series A and Series B convertible preferred stock dividends. The first nine months of 2019 included a charge of $13.4 million, or ($1.52) per share, for the beneficial conversion feature and dividends related to the Series A convertible preferred stock. The first nine months of 2019 also included a non-cash charge of $7.6 million, or ($0.86) per share, as a result of a change in the fair value of the warrant liability.

    As of September 30, 2020, cash and cash equivalents were $9.1 million.

    Conference Call

    As previously announced, PLx management will host its third quarter 2020 conference call as follows:

    Date:Monday, November 16, 2020
      
    Time:4:30 p.m. ET
      
    Toll free (U.S.):(866) 394-2901
      
    International:(616) 548-5567
      
    Webcast (live and replay):www.plxpharma.com under the ‘Investor Relations' section.

    The archived webcast will be available for 30 days via the aforementioned URL.

    About VAZALORE

    VAZALORE 325 mg is an FDA-approved liquid-filled aspirin capsule that provides patients with vascular disease and diabetic patients who are candidates for aspirin therapy with faster, reliable and more predictable platelet inhibition as compared to enteric-coated aspirin, while also reducing the risk of stomach erosions and ulcers, as compared to immediate-release aspirin, common in an acute setting. PLx's supplemental New Drug Applications for VAZALORE 325 mg and VAZALORE 81 mg doses, submitted in October 2020 to the FDA, are currently under regulatory review.

    About PLx Pharma Inc.

    PLx Pharma Inc. is a late-stage specialty pharmaceutical company focused on its clinically-validated and patent-protected PLxGuard™ drug delivery platform to provide more effective and safer products. The PLxGuard drug delivery platform works by targeting the release of active pharmaceutical ingredients to various portions of the gastrointestinal (GI) tract. PLx believes this has the potential to improve the absorption of many drugs currently on the market or in development, and to reduce the risk of stomach erosions and ulcers associated with aspirin and ibuprofen, and potentially other drugs.

    To learn more about PLx Pharma Inc. and its pipeline, please visit www.plxpharma.com.

    Forward-Looking Statements

    Any statements made in this press release relating to future financial or business performance, conditions, plans, prospects, trends, or strategies and other financial and business matters, including without limitation, the prospects for commercializing or selling any products or drug candidates are forward-looking statements within the meaning of the Private Securities Litigation Reform Act of 1995. In addition, when or if used in this press release, the words "may," "could," "should," "anticipate," "believe," "estimate," "expect," "intend," "plan," "predict" and similar expressions and their variants, as they relate to PLx may identify forward-looking statements. PLx cautions that these forward-looking statements are subject to numerous assumptions, risks, and uncertainties, which change over time. Important factors that may cause actual results to differ materially from the results discussed in the forward-looking statements or historical experience include risks and uncertainties, including the failure by PLx to secure and maintain relationships with collaborators; risks relating to clinical trials; risks relating to the commercialization, if any, of PLx's proposed product candidates (such as marketing, regulatory, product liability, supply, competition, and other risks); dependence on the efforts of third parties; dependence on intellectual property, risks that PLx may lack the financial resources and access to capital to fund proposed operations. Further information on the factors and risks that could affect PLx's business, financial conditions and results of operations are contained in PLx's filings with the U.S. Securities and Exchange Commission ("SEC"), which are available at www.sec.gov. Other risks and uncertainties are more fully described in PLx's Form 10-K for the year ended December 31, 2019 filed with the SEC on March 13, 2020, and in other filings that PLx has made or will make going forward. The forward-looking statements represent PLx's estimate as of the date hereof only, and PLx specifically disclaims any duty or obligation to update forward-looking statements.

    Contact

    Investor Relations:

    Lisa M. Wilson, In-Site Communications, Inc.

    T: 212-452-2793

    E:

    Source: PLx Pharma Inc.

    FINANCIAL TABLES FOLLOW



        
    PLx Pharma Inc.
    UNAUDITED CONSOLIDATED BALANCE SHEETS
        
     September 30, 2020 December 31, 2019
    ASSETS   
    CURRENT ASSETS   
    Cash and cash equivalents$           9,086,525  $           14,001,304 
    Accounts receivable                           -                         18,683 
    Inventory, net                 143,380                              -   
    Prepaid expenses and other current assets                 387,801                     263,268 
    TOTAL CURRENT ASSETS              9,617,706                14,283,255 
    NON-CURRENT ASSETS   
    Property and equipment, net              1,252,434                  1,466,646 
    Right of use assets                 402,640                     618,158 
    Goodwill              2,061,022                  2,061,022 
    Security deposit                   17,035                       73,665 
    TOTAL ASSETS$         13,350,837  $           18,502,746 
          
    LIABILITIES, SERIES A AND SERIES B CONVERTIBLE PREFERRED STOCK AND STOCKHOLDERS' EQUITY (DEFICIT)   
    CURRENT LIABILITIES     
    Accounts payable and accrued liabilities$              612,367  $                928,921 
    Accrued bonuses                 718,092                  1,166,821 
    Accrued interest                 589,840                       34,964 
    Current portion of term loan, net of discount and fees              1,548,865                  3,658,121 
    Other current liabilities                 342,175                     304,603 
    TOTAL CURRENT LIABILITIES              3,811,339                  6,093,430 
    NON-CURRENT LIABILITIES   
    Accrued interest, net of current portion                           -                       501,826 
    Term loan, net of discount, fees and current portion                           -                       622,265 
    Warrant liability              5,442,717                  8,247,679 
    Accrued dividends              2,285,920                  1,058,498 
    Other liabilities                 146,424                     409,431 
    TOTAL LIABILITIES            11,686,400                16,933,129 
          
    Series A convertible preferred stock: $0.001 par value; liquidation value of $17,042,322; 45,000 shares authorized, 15,000  issued and outstanding            13,661,578                13,661,578 
    Series B convertible preferred stock: $0.001 par value; liquidation value of $8,243,598; 25,000 shares authorized, 8,000 and 0 issued and outstanding              7,723,312                              -   
        
    STOCKHOLDERS' EQUITY (DEFICIT)    
    Preferred stock; $0.001 par value; 930,000 shares authorized; none issued and outstanding                           -                                -   
    Common stock; $0.001 par value; 100,000,000 shares authorized; 9,156,260 shares issued and outstanding                      9,156                         9,156 
    Additional paid-in capital            74,437,924                74,837,046 
    Accumulated deficit          (94,167,533)             (86,938,163)
    TOTAL STOCKHOLDERS' EQUITY (DEFICIT)          (19,720,453)             (12,091,961)
    TOTAL LIABILITIES, SERIES A AND SERIES B CONVERTIBLE PREFERRED STOCK AND STOCKHOLDERS' EQUITY (DEFICIT)$         13,350,837  $           18,502,746 
        

     

        
    PLx Pharma Inc.
    UNAUDITED CONSOLIDATED STATEMENTS OF OPERATIONS
          
     Three Months Ended September 30, Nine Months Ended September 30,
      2020   2019   2020   2019 
    REVENUES:       
    Federal grant$-  $41,106  $30,430  $541,571 
    TOTAL REVENUES -   41,106   30,430   541,571 
            
    OPERATING EXPENSES:       
    Research and development 1,207,302   1,214,029   3,116,097   3,805,617 
    General and administrative 1,981,037   2,503,314   6,681,452   7,180,674 
    TOTAL OPERATING EXPENSES 3,188,339   3,717,343   9,797,549   10,986,291 
    OPERATING LOSS (3,188,339)  (3,676,237)  (9,767,119)  (10,444,720)
            
    OTHER INCOME (EXPENSE):       
    Interest and other expense, net (72,705)  (118,432)  (267,213)  (476,084)
    Change in fair value of warrant liability 134,552   5,498,391   2,804,962   (7,581,521)
    TOTAL OTHER INCOME (EXPENSE) 61,847   5,379,959   2,537,749   (8,057,605)
    (LOSS) INCOME BEFORE INCOME TAXES (3,126,492)  1,703,722   (7,229,370)  (18,502,325)
    Income taxes -   -   -   - 
    NET (LOSS) INCOME (3,126,492)  1,703,722   (7,229,370)  (18,502,325)
            
    Preferred dividends and beneficial conversion feature (499,797)  (311,136)  (1,227,422)  (13,433,397)
    NET (LOSS) INCOME ATTRIBUTABLE TO COMMON STOCKHOLDERS$(3,626,289) $1,392,586  $(8,456,792) $(31,935,722)
            
    Net (loss) income per common share - basic$(0.40) $0.09  $(0.92) $(3.60)
    Net (loss) income per common share - diluted$(0.40) $0.09  $(0.92) $(3.60)
            
    Weighted average shares of common shares - basic 9,156,260   8,921,345   9,156,260   8,860,168 
    Weighted average shares of common shares - diluted 9,156,260   8,936,255   9,156,260   8,860,168 
            

     



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  2. -- FDA sets estimated completion review date for the end of February 2021 --

    -- Targeting launch of VAZALORE for third quarter 2021 –

    SPARTA, N.J., Nov. 16, 2020 (GLOBE NEWSWIRE) -- PLx Pharma Inc. (NASDAQ:PLXP), a late-stage specialty pharmaceutical company focused on its clinically-validated and patent-protected PLxGuard™ drug delivery platform to provide more effective and safer products, announced today that two chemistry and manufacturing control ("CMC") supplemental New Drug Applications ("sNDAs"), one for VAZALORE 325 mg and one for VAZALORE 81 mg dose (referred to together as "VAZALORE"), were submitted to the U.S. Food and Drug Administration ("FDA") in October for regulatory approval.

    The 325 mg sNDA provided information…

    -- FDA sets estimated completion review date for the end of February 2021 --

    -- Targeting launch of VAZALORE for third quarter 2021 –

    SPARTA, N.J., Nov. 16, 2020 (GLOBE NEWSWIRE) -- PLx Pharma Inc. (NASDAQ:PLXP), a late-stage specialty pharmaceutical company focused on its clinically-validated and patent-protected PLxGuard™ drug delivery platform to provide more effective and safer products, announced today that two chemistry and manufacturing control ("CMC") supplemental New Drug Applications ("sNDAs"), one for VAZALORE 325 mg and one for VAZALORE 81 mg dose (referred to together as "VAZALORE"), were submitted to the U.S. Food and Drug Administration ("FDA") in October for regulatory approval.

    The 325 mg sNDA provided information on a change in formulation and a new manufacturing site for the currently approved VAZALORE and also contains a bioequivalence ("BE") clinical study report with the required data and analyses from the recently completed BE study. The submission for the 81 mg dose provided for a new product strength of VAZALORE and builds off the information in the original approved NDA (New Drug Application) and the recent sNDA submitted for VAZALORE 325 mg.

    The Company received acknowledgement letters from the FDA, officially confirming the receipt of the submissions and setting the estimated completion date for its reviews for VAZALORE 325 mg and VAZALORE 81 mg for the end of February 2021. If approved, the Company plans to bring both doses of VAZALORE to market in the third quarter of 2021.

    "We are delighted to have achieved this major milestone for the submissions of our two sNDAs to the FDA earlier than previously announced. This is a significant step for PLx and the millions of patients with vascular disease who can benefit from a novel aspirin therapy. We are highly confident our submissions are supported by strong and compelling data that FDA requires for CMC submissions and we look forward to their review," stated Natasha Giordano, President and Chief Executive Officer of PLx. "I'd also like to thank our teams and our partners for their extraordinary efforts preparing these filings and our shareholders for their support in advancing VAZALORE to regulatory review," concluded Giordano.

    About VAZALORE

    VAZALORE 325 mg is an FDA-approved liquid-filled aspirin capsule that provides patients with vascular disease and diabetic patients who are candidates for aspirin therapy with faster, reliable and more predictable platelet inhibition as compared to enteric-coated aspirin, while also reducing the risk of stomach erosions and ulcers, as compared to immediate-release aspirin, common in an acute setting. PLx's supplemental New Drug Applications for VAZALORE 325 mg and VAZALORE 81 mg dose strengths, submitted in October 2020 to the U.S. Food and Drug Administration, are currently under regulatory review.

    About PLx Pharma Inc.

    PLx Pharma Inc. is a late-stage specialty pharmaceutical company focused on its clinically-validated and patent-protected PLxGuard™ drug delivery platform to provide more effective and safer products. The PLxGuard drug delivery platform works by targeting the release of active pharmaceutical ingredients to various portions of the gastrointestinal (GI) tract. PLx believes this has the potential to improve the absorption of many drugs currently on the market or in development, and to reduce the risk of stomach erosions and ulcers associated with aspirin and ibuprofen, and potentially other drugs.

    To learn more about PLx Pharma Inc. and its pipeline, please visit www.plxpharma.com.

    Forward-Looking Statements

    Any statements made in this press release relating to future financial or business performance, conditions, plans, prospects, trends, or strategies and other financial and business matters, including without limitation, the prospects for commercializing or selling any products or drug candidates are forward-looking statements within the meaning of the Private Securities Litigation Reform Act of 1995. In addition, when or if used in this press release, the words "may," "could," "should," "anticipate," "believe," "estimate," "expect," "intend," "plan," "predict" and similar expressions and their variants, as they relate to PLx may identify forward-looking statements. PLx cautions that these forward-looking statements are subject to numerous assumptions, risks, and uncertainties, which change over time. Important factors that may cause actual results to differ materially from the results discussed in the forward-looking statements or historical experience include risks and uncertainties, including the failure by PLx to secure and maintain relationships with collaborators; risks relating to clinical trials; risks relating to the commercialization, if any, of PLx's proposed product candidates (such as marketing, regulatory, product liability, supply, competition, and other risks); dependence on the efforts of third parties; dependence on intellectual property, risks that PLx may lack the financial resources and access to capital to fund proposed operations. Further information on the factors and risks that could affect PLx's business, financial conditions and results of operations are contained in PLx's filings with the U.S. Securities and Exchange Commission ("SEC"), which are available at www.sec.gov. Other risks and uncertainties are more fully described in PLx's Form 10-K for the year ended December 31, 2019 filed with the SEC on March 13, 2020, and in other filings that PLx has made or will make going forward. The forward-looking statements represent PLx's estimate as of the date hereof only, and PLx specifically disclaims any duty or obligation to update forward-looking statements.

    Contact

    Investor Relations:

    Lisa M. Wilson, In-Site Communications, Inc.

    T: 212-452-2793

    E:

    Source: PLx Pharma Inc.



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  3. SPARTA, N.J., Nov. 12, 2020 (GLOBE NEWSWIRE) -- PLx Pharma Inc. (NASDAQ:PLXP) ("PLx" or the "Company"), a late-stage specialty pharmaceutical company focused on developing its clinically-validated and patent-protected PLxGuard™ delivery system to provide more effective and safer products, VAZALORE™ 325 mg and VAZALORE™ 81 mg (referred to together as "VAZALORE"™), announced today that the Company has rescheduled its 2020 third quarter financial results call to Monday, November 16, 2020.

    Natasha Giordano, President and Chief Executive Officer, and Rita O'Connor, Chief Financial Officer, will host a conference call to discuss the results and provide a business update as follows:

    DateMonday, November 16, 2020
    Time4:30 p.m. ET
    Toll free (U.S.)(866)

    SPARTA, N.J., Nov. 12, 2020 (GLOBE NEWSWIRE) -- PLx Pharma Inc. (NASDAQ:PLXP) ("PLx" or the "Company"), a late-stage specialty pharmaceutical company focused on developing its clinically-validated and patent-protected PLxGuard™ delivery system to provide more effective and safer products, VAZALORE™ 325 mg and VAZALORE™ 81 mg (referred to together as "VAZALORE"™), announced today that the Company has rescheduled its 2020 third quarter financial results call to Monday, November 16, 2020.

    Natasha Giordano, President and Chief Executive Officer, and Rita O'Connor, Chief Financial Officer, will host a conference call to discuss the results and provide a business update as follows:

    DateMonday, November 16, 2020
    Time4:30 p.m. ET
    Toll free (U.S.)(866) 394-2901
    International

    Conference ID
    (616) 548-5567

    2219797
    Webcast (live and replay)www.plxpharma.com under the ‘Investor Relations' section.

    A replay of the conference call will be available for two weeks after the call's completion by dialing (855) 859-2056 (U.S.) or (404) 537-3406 (International). The conference ID for the replay is 2219797. The archived webcast will be available for 30 days via the aforementioned URL.

    About VAZALORE

    VAZALORE 325 mg is an FDA-approved liquid-filled aspirin capsule that provides patients with vascular disease and diabetic patients who are candidates for aspirin therapy with faster, reliable and more predictable platelet inhibition as compared to enteric-coated aspirin, while also reducing the risk of stomach erosions and ulcers, as compared to immediate-release aspirin, common in an acute setting. PLx is focused on collecting the data, including results from a bioequivalence study, required for post-approval manufacturing changes, which will be included in the sNDA filing for VAZALORE 325 mg and to support approval of low dose VAZALORE 81 mg.

    About PLx Pharma Inc.

    PLx Pharma Inc. is a late-stage specialty pharmaceutical company focused on developing its clinically validated and patent-protected PLxGuard™ delivery system to provide more effective and safer products. The PLxGuard delivery system works by targeting delivery of active pharmaceutical ingredients to various portions of the gastrointestinal (GI) tract. PLx believes this has the potential to improve the absorption of many drugs currently on the market or in development, and to reduce the risk of stomach erosions and ulcers associated with aspirin and ibuprofen, and potentially other drugs.

    To learn more about PLx Pharma Inc. and its pipeline, please visit www.plxpharma.com.

    Contact

    Investor Relations:

    Lisa M. Wilson, In-Site Communications, Inc.

    T: 212-452-2793

    E:

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  4. SPARTA, N.J., Nov. 03, 2020 (GLOBE NEWSWIRE) -- PLx Pharma Inc. (NASDAQ:PLXP) ("PLx" or the "Company"), a late-stage specialty pharmaceutical company focused on developing its clinically-validated and patent-protected PLxGuard™ delivery system to provide more effective and safer products, VAZALORE™ 325 mg and VAZALORE™ 81 mg (referred to together as "VAZALORE"™), announced today that the Company will release its 2020 third quarter financial results on Friday, November 13, 2020, before the U.S. financial markets open.

    Natasha Giordano, President and Chief Executive Officer, and Rita O'Connor, Chief Financial Officer, will host a conference call to discuss the results and provide a business update as follows:

    DateFriday, November 13, 2020

    SPARTA, N.J., Nov. 03, 2020 (GLOBE NEWSWIRE) -- PLx Pharma Inc. (NASDAQ:PLXP) ("PLx" or the "Company"), a late-stage specialty pharmaceutical company focused on developing its clinically-validated and patent-protected PLxGuard™ delivery system to provide more effective and safer products, VAZALORE™ 325 mg and VAZALORE™ 81 mg (referred to together as "VAZALORE"™), announced today that the Company will release its 2020 third quarter financial results on Friday, November 13, 2020, before the U.S. financial markets open.

    Natasha Giordano, President and Chief Executive Officer, and Rita O'Connor, Chief Financial Officer, will host a conference call to discuss the results and provide a business update as follows:

    DateFriday, November 13, 2020
    Time8:30 a.m. ET
    Toll free (U.S.)(866) 394-2901
    International

    Conference ID
    (616) 548-5567

    2219797
    Webcast (live and replay)www.plxpharma.com under the ‘Investor Relations' section.

    A replay of the conference call will be available for two weeks after the call's completion by dialing (855) 859-2056 (U.S.) or (404) 537-3406 (International). The conference ID for the replay is 2219797. The archived webcast will be available for 30 days via the aforementioned URL.

    About VAZALORE

    VAZALORE 325 mg is an FDA-approved liquid-filled aspirin capsule that provides patients with vascular disease and diabetic patients who are candidates for aspirin therapy with faster, reliable and more predictable platelet inhibition as compared to enteric-coated aspirin, while also reducing the risk of stomach erosions and ulcers, as compared to immediate-release aspirin, common in an acute setting. PLx is focused on collecting the data, including results from a bioequivalence study, required for post-approval manufacturing changes, which will be included in the sNDA filing for VAZALORE 325 mg and to support approval of low dose VAZALORE 81 mg.

    About PLx Pharma Inc.

    PLx Pharma Inc. is a late-stage specialty pharmaceutical company focused on developing its clinically validated and patent-protected PLxGuard™ delivery system to provide more effective and safer products. The PLxGuard delivery system works by targeting delivery of active pharmaceutical ingredients to various portions of the gastrointestinal (GI) tract. PLx believes this has the potential to improve the absorption of many drugs currently on the market or in development, and to reduce the risk of stomach erosions and ulcers associated with aspirin and ibuprofen, and potentially other drugs.

    To learn more about PLx Pharma Inc. and its pipeline, please visit www.plxpharma.com.

    Contact

    Investor Relations:

    Lisa M. Wilson, In-Site Communications, Inc.

    T: 212-452-2793

    E:

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  5. SPARTA, N.J., Sept. 14, 2020 (GLOBE NEWSWIRE) -- PLx Pharma Inc. (NASDAQ:PLXP) ("PLx" or the "Company"), a late-stage specialty pharmaceutical company focused on developing its clinically-validated and patent-protected PLxGuard™ delivery system to provide more effective and safer products, VAZALORE™ 325 mg and VAZALORE™ 81 mg (referred to together as "VAZALORE"™), announced today that Natasha Giordano, President and Chief Executive Officer, and Rita O'Connor, Chief Financial Officer, will present virtually at the Oppenheimer Fall Healthcare Life Sciences & MedTech Summit as follows:

    Date:Tuesday, September 22, 2020
      
    Time:11:40 AM Eastern Time
      
    Webcast:https://wsw.com/webcast/oppenheimer5/plxp/2759652 

    The presentation will be webcast live at…

    SPARTA, N.J., Sept. 14, 2020 (GLOBE NEWSWIRE) -- PLx Pharma Inc. (NASDAQ:PLXP) ("PLx" or the "Company"), a late-stage specialty pharmaceutical company focused on developing its clinically-validated and patent-protected PLxGuard™ delivery system to provide more effective and safer products, VAZALORE™ 325 mg and VAZALORE™ 81 mg (referred to together as "VAZALORE"™), announced today that Natasha Giordano, President and Chief Executive Officer, and Rita O'Connor, Chief Financial Officer, will present virtually at the Oppenheimer Fall Healthcare Life Sciences & MedTech Summit as follows:

    Date:Tuesday, September 22, 2020
      
    Time:11:40 AM Eastern Time
      
    Webcast:https://wsw.com/webcast/oppenheimer5/plxp/2759652 

    The presentation will be webcast live at the aforementioned time, and archived for 30 days thereafter, via the Company's website at www.plxpharma.com, under the ‘Investors Relations' Section.

    About VAZALORE

    VAZALORE 325 mg is an FDA-approved liquid-filled aspirin capsule that provides patients with vascular disease and diabetic patients who are candidates for aspirin therapy with faster, reliable and more predictable platelet inhibition as compared to enteric-coated aspirin, while also reducing the risk of stomach erosions and ulcers, as compared to immediate-release aspirin, common in an acute setting. PLx is focused on collecting the data, including results from a bioequivalence study, required for post-approval manufacturing changes, which will be included in the sNDA filing for VAZALORE 325 mg and to support approval of low dose VAZALORE 81 mg.

    About PLx Pharma Inc.

    PLx Pharma Inc. is a late-stage specialty pharmaceutical company focused on developing its clinically-validated and patent-protected PLxGuard™ delivery system to provide more effective and safer products. The PLxGuard delivery system works by targeting delivery of active pharmaceutical ingredients to various portions of the gastrointestinal (GI) tract. PLx believes this has the potential to improve the absorption of many drugs currently on the market or in development, and to reduce the risk of stomach erosions and ulcers associated with aspirin and ibuprofen, and potentially other drugs.

    To learn more about PLx Pharma Inc. and its pipeline, please visit www.plxpharma.com.

    Contact

    Investor Relations:

    Lisa M. Wilson, In-Site Communications, Inc.

    T: 212-452-2793

    E:

    Primary Logo

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