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SAN DIEGO - Revelation Biosciences, Inc. (NASDAQ:REVB), a clinical-stage life sciences company with a market capitalization of $2.5 million, announced the retirement of Dr. George F. Tidmarsh from its Board of Directors. Dr. Tidmarsh’s departure is attributed to his new role with US governmental agencies, which could potentially conflict with his board responsibilities. According to InvestingPro data, the company maintains a healthy cash position relative to debt, though it faces challenges with rapid cash burn and weak profit margins.
Dr. Tidmarsh, who has been a guiding figure at Revelation for five years, is set to pursue projects as an Adjunct Professor of Pediatrics and Neonatology at Stanford University School of Medicine. Acknowledging the potential for conflict of interest in his new position, both Dr. Tidmarsh and the company have agreed on his retirement from the board to maintain the integrity of both parties.
James Rolke, CEO of Revelation, expressed gratitude for Dr. Tidmarsh’s contributions and extended best wishes for his future endeavors. Dr. Tidmarsh reciprocated with thanks to the Revelation team for their dedication and passion.
Revelation Biosciences is actively engaged in developing therapies aimed at rebalancing inflammation to enhance clinical outcomes for patients. The company’s proprietary formulation, Gemini, is under multiple ongoing programs to assess its effectiveness in preventing post-burn infection, post-surgical infection, acute kidney injury, and treating chronic kidney disease. Trading near its 52-week low of $2.36, the stock has experienced significant pressure, down over 90% in the past year. InvestingPro subscribers have access to 12 additional key insights about REVB’s financial health and market position.
Gemini, an intravenous formulation of phosphorylated hexaacyl disaccharide (PHAD®), has shown promise in preclinical studies in reducing inflammation-related damage by modulating the innate immune response. Revelation has reported positive safety results and significant pharmacodynamic activity from its Phase 1 clinical trial of Gemini.
The company’s forward-looking statements indicate ongoing efforts to meet financial and strategic objectives, despite potential risks such as competition, economic factors, and clinical study outcomes. With an overall Financial Health score of 1.56 (labeled as "Weak" by InvestingPro), and analysts not anticipating profitability this year, Revelation’s financial outlook and operational plans are subject to change based on various internal and external factors.
This news is based on a press release statement from Revelation Biosciences, Inc.
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