60 Degrees Pharmaceuticals Inc (OQ:SXTP)
Business Focus: Pharmaceuticals
| Sector: Healthcare | Industry: Pharmaceuticals |
| See Regulatory Filings on SEC | |
| Company Contact | |
| Address: | 1025 Connecticut Avenue Nw, Suite 1000 WASHINGTON DC 20036 |
| Tel: | 1-310-9895666 |
| Website: | https://60degreespharma.com |
| IR: | See website |
| Key People | ||
| Geoffrey S. Dow President, Chief Executive Officer, Director | Tyrone Miller Chief Financial Officer | Bryan Smith Chief Medical Officer |
| Business Overview |
| 60 Degrees Pharmaceuticals, Inc. is a specialty pharmaceutical company. The Company specializes in developing and marketing new medicines for the treatment and prevention of infectious diseases. It is focused on using biological science and applied research to develop and commercialize new therapies for the prevention and treatment of infectious diseases. The Company's pipeline under development covers development programs for vector-borne, fungal, and viral disease utilizing three of the Company's products: new products that contain the ARAKODA regimen of Tafenoquine; new products that contain Tafenoquine, and Celgosivir. Its lead product, ARAKODA is an antimalarial indicated for the prophylaxis of malaria in patients aged 18 years of age and older. It is also conducting due diligence activities in relation to potential in-licensing of a product relevant to Lyme disease and an antimalarial combination partner for Tafenoquine for P. vivax malaria. |
| Financial Overview |
| For the three months ended 31 March 2024, 60 Degrees Pharmaceuticals Inc revenues increased from $21K to $146K. Net income applicable to common stockholders totaled $313K vs. loss of $2.6M. Revenues reflect Product Revenues net of Discounts and increase from $17K to $106K, Research Revenues increase from $4K to $30K. Net Income reflects Change in Fair Value of Derivative Liabi increase from $5K (expense) to $1.7M (income). |
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