Vivani Medical Reports Third Quarter 2026 Financial Results and Provides Business Update
Globe Newswire•11/11/2026•16:05 ET
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Key Highlights
- ➤SLIM-1 top-line results for NPM-139 anticipated later this week
- ➤Vivani cash, cash equivalents and restricted cash totaled $15.5 million
- ➤Third-quarter net loss widened to $7.3 million from $6.5 million
- ➤Cortigent-ClearOne merger awaits final regulatory approval before Nasdaq listing
- ➤2027 IND submission planned for NPM-139 Phase 2 dose-ranging study
Expert Statements
Adam Mendelsohn, PhD, CEO of Vivani Medical
“The third quarter and recent weeks mark a period of strong progress and forward momentum for Vivani”
Adam Mendelsohn, PhD, CEO of Vivani Medical
“The top-line SLIM-1 results will be announced this week. We look forward to sharing those results with shareholders, industry peers, and the broader community of physicians and patients seeking less frequent dosing and the promise of potential improvements in convenience, medication adherence, and tolerability associated with GLP-1 therapies on the market and in clinical-stage development.”
Adam Mendelsohn, PhD, CEO of Vivani Medical
“Roughly half of patients don’t take their medications for chronic diseases as prescribed, and GLP-1 therapies are no exception. With NPM-139, we are designing a novel GLP-1 therapy that a patient could receive once or twice a year during a routine primary care visit. Another key feature afforded by our unique NanoPortal implant technology is the ability to provide an “off-ramp” when discontinuation of therapy is warranted for example when a woman becomes pregnant or there is an aspiration risk during surgery. While there are multiple GLP-1 injectable candidates targeting monthly or quarterly administration under development, none can offer reversibility comparable to our NanoPortal implants. We strongly believe this could be an important consideration for the more than 20% of current GLP-1 users who are women of child-bearing potential.”
Top-line results for SLIM-1™, the first-in-human Phase 1 trial of NPM-139, Vivani's miniature, ultra-long-acting semaglutide implant under development for chronic weight management, are anticipated for announcement later this week
Cortigent-ClearOne merger is awaiting final regulatory approvals allowing establishment of Cortigent as a standalone company trading on the Nasdaq under ticker symbol CRGT
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