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Ovid Therapeutics Inc
F:1OT

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Ovid Therapeutics Inc Logo
Ovid Therapeutics Inc
F:1OT
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Price: 1.99 EUR 5.29% Market Closed
Market Cap: €140.9m

Ovid Therapeutics Inc
Investor Relations

Ovid Therapeutics is a drug development company focused on rare brain disorders, especially severe epilepsies and other neurological diseases. It does not sell consumer products; instead, it works on experimental medicines designed to change how nerve cells signal in the brain, with a focus on conditions that have few good treatment options. The company makes money the way many biotech firms do: by raising capital, then funding research, clinical trials, and regulatory work for its drug candidates. If a program succeeds, Ovid can earn value through future drug sales, partnerships, or licensing deals, rather than through a large direct sales force today. What makes Ovid’s business different is its narrow focus on difficult, orphan neurological diseases where standard treatments often fall short. That puts it in a specialized corner of biotech, where the main job is to move a few carefully chosen therapies through testing and, if they work, hand them off into the commercial drug market.

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Last Earnings Call
Fiscal Period
Q4 2025
Call Date
Mar 18, 2026
AI Summary
Q4 2025

Pipeline: Ovid announced regulatory clearance for OV4071, the first oral KCC2 direct activator, and will initiate a Phase I in Q2 2026 followed by a ketamine challenge later this year and proof-of-concept patient studies late 2026/early 2027.

OV329 safety: The 7 mg dose of OV329 showed no treatment-related serious adverse events and no ophthalmic safety signals in healthy volunteers; ophthalmic monitoring will continue into later studies.

Dosing / pharmacology: Management targets ~50%–60% GABA-aminotransferase inhibition; human plasma exposure range modeled at roughly "16-nanogram per hour per ml to 120" and both 5 mg and 7 mg doses fall in the target exposure range.

Pediatric expansion: PIPE financing enables additive programs for OV329 in infantile spasms and Tuberous Sclerosis Complex (TSC) with open-label signal-finding studies and potential combined pivotal Phase II/III designs.

Financing / runway: As of Dec 31, 2025 cash was "$90.4 million"; announced PIPE gross proceeds of "$60 million"; net PIPE gives runway into the second half of 2028; pro forma with potential Series A warrant exercises (triggered by OV4071 clearance) runs "well into 2029" (potential warrant proceeds greater than "$53 million").

Milestone cadence: OV329 Phase II randomized placebo-controlled study starts Q2 2026; open-label photosensitivity study later in 2026; TSC and infantile spasms open-label signal-finding studies starting this year with step-down into pediatrics; KCC2 Day scheduled April 14 to present more data.

Commercial opportunity context: Management highlighted that vigabatrin (Sabril) had U.S. peak sales of "$320 million" and believes a safer GABA-AT inhibitor could support earlier and longer use and materially larger commercial uptake.

Key Financials
Cash, cash equivalents and marketable securities
$90.4 million
PIPE gross proceeds
$60 million
Potential Series A warrant proceeds
greater than $53 million
7 mg cohort size (OV329 SAD/MAD)
11
Total healthy volunteers treated (OV329 Phase I to date)
nearing 70
Modeled therapeutic plasma exposure range
16-nanogram per hour per ml to 120
Target GABA-aminotransferase inhibition
about 50% to 60%
Peak historical U.S. sales of vigabatrin (Sabril)
$320 million
OV329 Phase II (focal onset seizures) start
Q2 2026
OV329 open-label photosensitivity study start
later in 2026
OV4071 Phase I start
Q2 2026
Earnings Call Recording
Other Earnings Calls
2025
2017

Management

Dr. Jeremy Max Levin Ba Zoology, Dphil, M.D., Mb Bchir, Ph.D.
CEO & Chairman
No Bio Available
Mr. Jeffrey A. Rona
Chief Business and Financial Officer
No Bio Available
Ms. Meg Alexander
President & COO
No Bio Available
Dr. Dirk Haasner
Senior Vice President of Global Manufacturing & CMC QA
No Bio Available
Dr. Julia Tsai Ph.D.
Senior Vice President of Clinical Development
No Bio Available
Dr. Toshiya Nishi D.V.M.
Head of Epilepsy Research
No Bio Available
Mr. Zhong Zhong Ph.D.
Chief Scientific Officer
No Bio Available
Mr. Tom Parry
Vice President of Research and Early Development
No Bio Available
Garret Bonney
Investor Relations Officer
No Bio Available

Contacts

Address
NEW YORK
New York City
1460 Broadway Ste 15044
Contacts
+16466617661.0
www.ovidrx.com
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