Ovid Therapeutics Inc. (OVID) Reports Q2 EPS of $0.12

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Ovid Therapeutics Reports Business Updates and Second Quarter 2024 Financial Results

August 13, 2024 8:00 AM EDT

Appointed Dr. Amanda Banks, a tenured physician and biotech leader, as Chief Development Officer to lead clinical strategy and executionExpanded Scientific Advisory Board under the leadership of Dr. Robert Langer, adding top neurologists and neuroscientists to drive pipeline advancements
Reduced workforce by 43%, streamlined operations, and initiated an ongoing prioritization process, which includes suspending the OV329 IV program to enable focused investment in priority clinical programs
Maintained strong financial position of $77.0 million in cash and marketable securities as of June 30, 2024,... More