MARKET COMPOSITE
NBY - Novabay Pharmaceuticals Inc3:40:55 PM 4/24/2024
Price
$0.08
+ 0.00 (1.82%)
NovaBay Pharmaceuticals, Inc. is an Emeryville, California based clinical-stage biopharmaceutical company, focused on developing novel, fast-acting, synthetic anti-infectives compounds. These compounds are designed to mimic the body's defense system against infection. The company is currently focused on products for the eye care market. Major products include Avenova, cleared by FDA for lid and lash cleansing as part of a regimen for Blepharitis. and NeutroPhase, used in treatment of Necrotizing Fasciitis NovaBay Pharmaceuticals, Inc. was founded by Ron Najafi, an organic chemist who had previously worked for several pharmaceutical, chemical, and biotech companies in the U.S. Najafi became intrigued by HOCl, hypochlorous acid, an antimicrobial substance produced by White Blood Cells while investigating the chemical reaction of White Blood Cells during oxidative burst cycle. HOCl and other chlorine-containing chemicals fight invading microbes. These natural substances rapidly oxidize the cell walls of bacteria and the protein coats of viruses, rendering them inactive.
Financials
Quarterly financials
(USD)Dec 2023Q/Q
Revenue3.7MM+14%
Gross Profit1.8MM-1%
Cost Of Revenue1.9MM+34%
Operating Income-3.4MM-
Operating Expenses5.2MM+76%
Net Income-4.1MM-
R&D4K-64%
G&A1.2MM-3%
Marketing1.4MM-18%
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