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60 Degrees Pharmaceuticals (SCTP) investor relations material
60 Degrees Pharmaceuticals Investor update summary
Complete event summary combining all related documents: earnings call transcript, report, and slide presentation.Business and portfolio
Strategy centers on repositioning marketed ARAKODA (tafenoquine) for babesiosis using the existing chemistry, formulation and safety platform, with additional efficacy data needed for an expanded FDA label.
ARAKODA was FDA-approved in 2018 for malaria prevention and launched in 2019; its weekly maintenance dosing and safety evidence from eight randomized studies involving ~1,100 patients underpin the repositioning plan.
Pipeline also includes a veterinary tick-borne disease program, castanospermine research for alpha-gal with the University of Southern Mississippi, and licensing work on two other products.
Common shares outstanding: 4.5 million; market capitalization: ~$2.5 million. A recent warrant inducement raised additional cash.
Babesiosis opportunity and evidence
Severe babesiosis can cause anemia, organ dysfunction and prolonged recovery; cited mortality is 1%–2% in immunocompetent hospitalized patients and up to 20% in patients with risk factors.
Relapsing disease in immunosuppressed or asplenic patients can persist for months to years; analysis of literature cases found each doubling of treatment duration associated with a 27% lower retreatment hazard.
In a prospective expanded-access study, all first five patients had clinical improvement and negative conventional PCR after tafenoquine plus an atovaquone-containing regimen; 80% achieved definitive cure by NAT testing.
Two additional subjects are enrolled; results are expected to update next year. Literature-case analysis estimated combination-treatment efficacy at 3.6x the expected level for atovaquone monotherapy.
Clinical program and regulatory path
The randomized severe-babesiosis hospital study enrolled 30 patients; an October safety-board review found no safety signal. The trial compares tafenoquine plus standard care with placebo plus standard care.
Hospital-study unblinding is planned for January 2027. A positive primary endpoint could support a regular sNDA focused on faster sustained clinical resolution; an alternate accelerated-approval pathway may use immunosuppressed-patient data and NAT negativity as a proposed surrogate.
Planned steps include a pre-NDA meeting request after unblinding, a potential FDA meeting in March, and an sNDA meeting request in Q2; conditional on progress, a filing and potential priority-review decision are targeted for Q4 2027, with launch in 2028.
Expanded-access and literature evidence are intended to support the regulatory case, particularly for immunosuppressed patients with substantial unmet need, alongside randomized hospital-study results.
- Hospital study results are expected in January 2027; FDA discussions are planned.SCTP
Study update - Label expansion for ARAKODA into babesiosis advances, with pivotal milestones expected by 2028.SCTP
H.C. Wainwright 28th Annual Global Investment Conference - Registering 1.77M shares for resale, with focus on infectious disease therapies and Arakoda expansion.SCTP
Registration filing - Revenue more than doubled, but losses widened and cash runway remains a major concern.SCTP
Q2 2026 - ARAKODA drives growth in malaria and babesiosis markets, with profitability targeted by 2028.SCTP
Investor presentation - Shareholders will vote on director elections, equity plan expansion, a reverse split, and key governance items.SCTP
Proxy filing - Shareholders will vote on director elections, equity plan expansion, a reverse split, and key governance items.SCTP
Proxy filing - Net loss widened to $2.21 million as revenues and gross margin declined in Q1 2026.SCTP
Q1 2026 - Label expansion and clinical trials could triple platform value by 2028.SCTP
H.C. Wainwright 27th Annual Global Investment Conference
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