Lynx1 Capital buys Neuphoria Therapeutics (NEUP) shares worth $3.28m

Published 24/10/2025, 00:54
Lynx1 Capital buys Neuphoria Therapeutics (NEUP) shares worth $3.28m

Lynx1 Capital Management LP, a ten percent owner of Neuphoria Therapeutics Inc. (NASDAQ:NEUP), reported purchasing 639,110 shares of common stock on October 21, 2025. The company has shown remarkable momentum, with a 203% return over the past six months and maintains a strong financial position with a current ratio of 3.56. The shares were bought at prices ranging from $4.96 to $5.20, with an average price of $5.137, totaling $3,283,108. Following the transaction, Lynx1 Capital Management LP, through Lynx1 Master Fund LP, now holds 875,328 shares of Neuphoria Therapeutics. Weston Nichols, as the sole member of Lynx1 Capital Management GP LLC, the general partner of the Investment Manager, disclaims beneficial ownership of these securities except to the extent of his or its pecuniary interest.

In other recent news, Neuphoria Therapeutics Inc. has faced significant setbacks following the disappointing results of its Phase 3 AFFIRM-1 trial for BNC210, a treatment for social anxiety disorder. The trial failed to meet its primary endpoint, which was to demonstrate a change in anxiety levels during a public speaking challenge, and secondary endpoints also showed no statistically significant differences. As a result, Neuphoria has decided to discontinue the BNC210 program and undertake a strategic review of its operations. In light of these developments, Lucid Capital Markets downgraded Neuphoria’s stock from Buy to Neutral, significantly reducing its price target from $81.00 to $2.30. Despite these challenges, Neuphoria reported financial results revealing cash and cash equivalents of $14.2 million, which are expected to support operations through the second quarter of 2027. The company had previously completed target enrollment of 332 participants in the AFFIRM-1 trial and reached the last patient visit milestone. The drug BNC210 had also received FDA Fast Track designation for the acute treatment of social anxiety disorder and other anxiety-related disorders. These recent developments highlight the challenges Neuphoria faces as it navigates its future strategy.

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