Matinas BioPharma Holdings, Inc. is a biopharmaceutical firm in the clinical development phase, dedicated to identifying and advancing a range of potential therapeutic products. The company's innovative Lipid Nanocrystal (LNC) platform technology underpins its product development efforts. This sophisticated LNC delivery system leverages lipid nano-crystals to transport a diverse array of therapeutic agents, including small molecules, nucleic acids, gene therapies, vaccines, proteins, and peptides. Its primary experimental drug, LYPDISO, is a proprietary, prescription-grade omega-3 free fatty acid compound engineered to address cardiovascular and metabolic disorders. Matinas BioPharma is also advancing MAT2203, an orally administered version of amphotericin B. This candidate is currently in Phase II clinical trials, where it is being evaluated for its ability to prevent invasive fungal infections in patients undergoing immunosuppressive treatment. Furthermore, MAT2501, an oral formulation of the broad-spectrum aminoglycoside antibiotic amikacin, has successfully completed Phase I clinical trials. Its aim is to combat a spectrum of multidrug-resistant bacterial infections, such as non-tuberculous mycobacterium, multidrug-resistant gram-negative, and intracellular bacterial pathogens. The company actively engages in collaborations, including a research partnership with the National Institute of Allergy and Infectious Diseases (NIAID) to further the development of Gilead's antiviral drug, remdesivir. Additionally, it has a feasibility collaboration with Genentech, Inc. focused on creating new oral drug formulations. Established in 2013, Matinas BioPharma maintains its corporate headquarters in Bedminster, New Jersey.
GH Power Signs Multi-Year Hydrogen Offtake Agreement with Change Energy for Hamilton Facility Output
GH Power, the private Canadian clean-energy company proposing to combine with Matinas BioPharma (NYSE American: MTNB), signed its first commercial hydrogen offtake agreement with Change Energy Engineering and its subsidiary Hone Inc. for output from the Hamilton, Ontario facility.
Terms call for supply of up to 1,000 kilograms of hydrogen per day, with an initial term of two years after commercial operations commence; deliveries are on a best-efforts basis during an initial period of intermittent availability, and no dollar value or pricing was disclosed.
For MTNB holders, the deal is the first contracted revenue validation of GH Power's aluminum-water reactor platform ahead of the pending business combination, whose Form F-4 has not yet been filed and whose closing conditions include GH Power financing of at least $15.0 million gross, shareholder approvals, and Ontario court approvals.