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REVIVA PHARMACEUTICALS HOLDINGS, INC.

CIK: 17429272 Annual ReportsLatest: 2025-04-03

10-K / April 3, 2025

Revenue:N/A
Income:-$29,900,000

10-K / April 15, 2024

Revenue:N/A
Income:-$39,300,000

10-K / April 3, 2025

Company Summary: Reviva Pharmaceuticals Holdings, Inc.

Overview

  • Industry: Biotechnology / Pharmaceutical
  • Focus: Discovery, development, and potential commercialization of next-generation therapeutics targeting diseases with high unmet medical needs.
  • Pipeline Focus Areas:
    • Central Nervous System (CNS) disorders
    • Inflammatory diseases
    • Cardiometabolic diseases

Current Product Candidates

  • Brilaroxazine (RP5063):

    • Type: Novel chemical entity; serotonin, dopamine, and nicotinic receptor modulator.
    • Status: In clinical development, including Phase 3 trials.
    • Indications Targeted:
      • Schizophrenia (primary focus, with positive topline Phase 3 RECOVER-1 trial results)
      • Bipolar Disorder (BD)
      • Major Depressive Disorder (MDD)
      • Attention-Deficit/Hyperactivity Disorder (ADHD)
      • Behavioral and Psychotic Symptoms of Dementia (BPSD)
      • Parkinson’s Disease Psychosis (PDP)
      • Pulmonary Arterial Hypertension (PAH) (orphan drug designation granted)
      • Idiopathic Pulmonary Fibrosis (IPF) (orphan drug designation granted)
      • Psoriasis (preclinical development)
  • RP1208:

    • Type: New chemical entity; triple reuptake inhibitor (DAT, SERT, NET).
    • Status: Preclinical; ready for IND-enabling studies for depression and animal efficacy studies for obesity.
    • Potential Indications: Depression and Obesity.

Clinical Data Highlights

  • Brilaroxazine (RP5063):
    • Latest Results: Positive topline Phase 3 RECOVER-1 data (October 30, 2023) showing significant improvement in schizophrenia symptoms.
    • Safety Profile: Well tolerated, no serious adverse events, with low rates of extrapyramidal symptoms and weight change.
    • Ongoing Trials:
      • Long-term open-label extension (OLE) with over 250 patients enrolled; 108 completed 1 year of treatment.
      • Registrational Phase 3 Trial (RECOVER-2) planned for mid-2025, topline results expected in Q3-2026.
    • Market Potential: Significant, with anticipated NDA submission in Q4 2026.

Employees and Customers

  • Employees: 14 full-time employees.
  • Customers / Market:
    • The company currently has no product revenues or commercialized products.
    • No current customers; future sales depend on successful regulatory approval and commercialization of lead candidates.

Revenue and Income

  • 2024 Revenue: None; the company has not generated any product revenue.
  • 2024 Income:
    • Reported a net loss of $29.9 million for the year ended December 31, 2024.
    • Negative cash flow from operations: $33.5 million.
    • Cash and equivalents as of December 31, 2024: $13.5 million.
  • Financial Position:
    • Accumulated deficit: $164.3 million.
    • The company is in early-stage biotech development with ongoing clinical trials and no current products generating revenue.

Additional Notes

  • The company is heavily reliant on the success of its lead candidate, brilaroxazine.
  • As of the date of the report, it has not submitted any NDA for approval.
  • The company is in late-stage clinical development but has not yet reached commercialization.