NRx Pharmaceuticals

NRx Pharmaceuticals

NRXP
Is this your company? Claim your profile to update info and connect with investors.
Claim profile

NRXP · Stock Price

USD 3.06+1.02 (+50.00%)
Market Cap: $100.0M

Historical price data

Market Cap: $100.0MHQ: United States

Overview

NRx Pharmaceuticals is a clinical-stage biotech focused on developing lifesaving treatments for suicidal bipolar depression and PTSD, conditions with no currently approved pharmacotherapies. Its core strategy is built on a proprietary NMDA receptor modulation platform, designed to deliver antidepressant efficacy while reducing the suicidality and akathisia associated with standard treatments. The company has achieved significant regulatory momentum, with NRX-101 holding FDA Fast Track and Breakthrough Therapy designations. NRx is advancing a pipeline of neuroplastic therapies and pursuing strategic initiatives, including an ANDA for preservative-free ketamine (NRX-100), to address acute and chronic psychiatric crises.

PsychiatryCentral Nervous System

Technology Platform

Proprietary platform for safe modulation of the NMDA receptor, often combined with 5-HT2A receptor targeting, to create non-hallucinogenic, non-addictive neuroplastic therapies for severe psychiatric disorders.

Funding History

2
Total raised:$40M
Debt$10M
PIPE$30M

Opportunities

NRx is targeting multi-billion dollar, completely unaddressed markets in suicidal bipolar depression and PTSD with a first-in-class oral therapy that has strong FDA regulatory support.
The near-term potential of its preservative-free ketamine (NRX-100) and strategic digital health partnerships provide additional value drivers and potential revenue streams.

Risk Factors

The company faces high clinical trial risk with its pivotal NRX-101 program, significant future dilution from necessary capital raises, and commercialization challenges in a cost-conscious psychiatric market.
Its low market cap and stock price volatility add financial and operational complexity.

Competitive Landscape

NRX-101 has no direct FDA-approved competitors for suicidal bipolar depression, creating a unique market opportunity. In PTSD and the broader depression space, it competes with established generics and novel therapies, differentiating via its dual NMDA/5-HT2A mechanism designed to avoid hallucinogenic side effects.