PolyPid Ltd. (NASDAQ:POLY) Q2 2020 Earnings Conference Call - Final Transcript

Aug 19, 2020 • 08:30 am ET

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PolyPid Ltd. (NASDAQ:POLY) Q2 2020 Earnings Conference Call - Final Transcript

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Presentation
Operator
Operator

Greetings and welcome to the PolyPid Second Quarter 2020 Conference Call. [Operator Instructions]

We would now like to introduce your host for today's conference, Mr. Bob Yedid from LifeSci Advisors. Mr. Yedid, you may begin.

Executive
Bob Yedid

Thank you all for participating in PolyPid's second quarter 2020 earnings conference call. Joining me on the call today will be Amir Weisberg, Chief Executive Officer; Dikla Czaczkes, Executive Vice President and Chief Financial Officer; and Taunia Markvicka, Chief Operating Officer.

Earlier today, PolyPid released financial results for the three and six months ended June 30, 2020. A copy of the press release is available in the Investors section on the Company's website www.polypid.com. I'd like to remind you that on this call management will make forward-looking statements within the meaning of the Federal Securities Laws. Forward-looking statements are subject to numerous risks and uncertainties many of which are beyond our control, including the risks and uncertainties described from time to time in our SEC filings.

Our results may differ materially from those projections. These statements involve material risks and uncertainties that can cause actual results or events to materially differ. Accordingly, you should not place undue reliance on these statements. I encourage you to review the Company's filings with the Securities and Exchange Commission, including without limitation the Company's Form F-1 and S-K which identifies specific factors that may cause actual results or events and differ materially from those described in the forward-looking statements. PolyPid disclaims any intention or obligation, except as required by law to update or revise any financial projections or forward-looking statements. Because of new information, future events or otherwise. This conference call contains time sensitive information and speaks only as of the live broadcast today, August 19, 2020.

With those prepared remarks, it's my pleasure to turn the call over to Amir Weisberg, CEO. Amir?

Executive
Amir Weisberg

Thank you, Bob. On behalf of our team at PolyPid, I would like to welcome everyone to our first earnings call. Now that we are a public company, we look forward to conducting this call with investors and analysts each quarter. I will begin today with some brief introductory comments and then Dikla will provide a detailed update of our business and will review our financial results.

We are excited to successfully complete our IPO on NASDAQ at the end of June. We raised $62.8 million in the net proceeds from the IPO and added several well-respected new investors. This is a very exciting milestone for our company that further strengthens our balance sheet as we evolve toward becoming a commercial company.

Moving on, for those of you new to our story, I would like to take a moment to provide some brief background on our company and technology and review our core strategy. I joined PolyPid in October 2010 as one of the initial investor to manage the Company together with my partner Dr. Noam Emanuel who founded PolyPid in 2008, and he's the inventor of our novel technology platform that we call PLEX.

Our