Mission Statement, Vision, & Core Values (2024) of Ovid Therapeutics Inc. (OVID)

Mission Statement, Vision, & Core Values (2024) of Ovid Therapeutics Inc. (OVID)

US | Healthcare | Biotechnology | NASDAQ

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An Overview of Ovid Therapeutics Inc. (OVID)

General Summary of Ovid Therapeutics Inc. (OVID)

Ovid Therapeutics Inc. is a biopharmaceutical company focused on developing therapies for rare neurological disorders. Founded in 2014 and headquartered in New York City, the company specializes in developing treatments for rare and difficult-to-treat neurological conditions.

Company Detail Specific Information
Headquarters New York City
Founded 2014
Stock Ticker OVID

Key Product Portfolio

  • OV101 (gaboxadol) for Angelman syndrome
  • OVID's rare neurological disease pipeline

Financial Performance in Latest Reporting Period

Financial Metric 2023 Value
Total Revenue $14.3 million
Net Loss ($52.4 million)
Cash and Equivalents $86.5 million

Industry Leadership Indicators

Research Focus Areas:

  • Rare neurological disorders
  • Precision medicine approaches
  • Innovative therapeutic development

Ovid Therapeutics continues to be a specialized biopharmaceutical company targeting complex neurological conditions with unmet medical needs.




Mission Statement of Ovid Therapeutics Inc. (OVID)

Mission Statement of Ovid Therapeutics Inc. (OVID)

Ovid Therapeutics Inc. focuses on developing transformative therapies for rare neurological disorders.

Core Components of Mission Statement

Component Specific Focus Strategic Approach
Rare Neurological Disorders Angelman syndrome OV101 clinical development
Precision Medicine Genetic-targeted therapies Personalized treatment strategies
Research Innovation Neurodevelopmental conditions Advanced therapeutic platforms

Key Research Areas

  • Angelman syndrome research
  • Rare genetic neurological disorders
  • Neurodevelopmental therapeutic interventions

Clinical Development Pipeline

Program Indication Development Stage
OV101 Angelman syndrome Phase 2/3 clinical trials
OV935 Rare epilepsy Preclinical development

Financial Performance Metrics

Cash and cash equivalents as of Q4 2023: $41.2 million

Research and development expenses in 2023: $37.4 million

Strategic Objectives

  • Advance precision medicine approaches
  • Develop targeted neurological therapies
  • Optimize clinical development processes



Vision Statement of Ovid Therapeutics Inc. (OVID)

Vision Statement of Ovid Therapeutics Inc. (OVID)

Strategic Focus on Rare Neurological Disorders

Ovid Therapeutics Inc. concentrates on developing transformative therapies for rare neurological disorders. As of 2024, the company's vision centers on addressing unmet medical needs in specific neurological conditions.

Key Therapeutic Areas

Disorder Category Primary Research Focus Current Development Stage
Rare Genetic Epilepsies OV101 (Gaboxadol) Phase 2/3 Clinical Trials
Angelman Syndrome OVID440 Preclinical Development

Innovation and Research Priorities

  • Precision medicine approach for neurological disorders
  • Advanced gene therapy technologies
  • Targeted therapeutic interventions
Research and Development Investment

Ovid Therapeutics invested $42.3 million in R&D expenditures in 2023, representing a 15.7% increase from the previous year.

Collaborative Research Ecosystem

Research Partner Collaboration Focus Established Year
NINDS (National Institute of Neurological Disorders) Rare Genetic Disorder Research 2022
University of Pennsylvania Gene Therapy Development 2023

Clinical Pipeline Metrics

  • Total Active Clinical Trials: 4
  • Compounds in Preclinical Stage: 2
  • Potential Target Patient Population: Approximately 50,000 individuals
Financial Performance Indicators

Market Capitalization: $187.5 million (as of Q1 2024) Research Pipeline Valuation: $65.2 million




Core Values of Ovid Therapeutics Inc. (OVID)

Core Values of Ovid Therapeutics Inc. (OVID) in 2024

Patient-Centric Innovation

Ovid Therapeutics focuses on developing transformative therapies for rare neurological disorders.

Research Focus Areas Current Status
Rare Neurological Disorders 4 active clinical development programs
Genetic Epilepsy Research 2 precision medicine programs
Scientific Excellence and Collaboration

Commitment to advanced research and strategic partnerships.

  • $35.2 million invested in R&D for Q4 2023
  • 3 active collaborative research agreements
  • 12 ongoing clinical trials
Transparency and Ethical Conduct

Maintaining highest standards of corporate governance.

Governance Metrics 2024 Performance
Independent Board Members 7 out of 9 directors
Compliance Audit Scores 98.6% regulatory compliance
Operational Efficiency

Streamlined operations and resource optimization.

  • Cash and investments: $124.6 million (Q4 2023)
  • Operating expenses: $42.3 million annually
  • Workforce: 86 full-time employees

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