Strategic Transition to Diversified Immunotherapeutics
Tivic Health has transitioned from a single product company to a diversified immunotherapeutics company, focusing on diseases related to immune system dysregulation.
Acquisition of Entolimod and Entolasta
Tivic Health secured exclusive worldwide rights to late-stage immunomodulatory drug candidate Entolimod and its derivative Entolasta, representing a significant value creation opportunity.
Increased Gross Margins
Gross margins increased from 50% to 72% due to reduced product support and fulfillment costs.
Strategic Financing and Capital Infusion
Tivic Health secured $8.4 million in tranche funding, a $25 million equity line of credit, and raised $1.7 million through an ATM program to support its strategic transformation.
FDA Fast Track and Orphan Drug Status
Entolimod received Fast Track and orphan drug status from the FDA for acute radiation syndrome (ARS), indicating potential for accelerated pathways and emergency use designations.