Good afternoon, ladies and gentlemen, and welcome to the Adamis Pharmaceuticals third quarter 2022 financial results conference call. At this time, all lines in a listen-only mode. If at any time during this call you require immediate assistance, please press star zero for the operator. This call is being recorded on Monday, November 14th, 2022. I would now like to turn the conference over to Robert Uhl with ICR Westwicke. Please go ahead. Thank you, operator. Welcome to the Adamis Pharmaceuticals third quarter 2022 financial results and corporate update conference call. Thank you for joining us today for the update. Joining me on the call will be members of the Adamis executive team, including Chief Executive Officer David Marguglio; and Chief Financial Officer David Benedicto. They will share with us their various Adamis updates. Our format for this call will consist of prepared remarks from management, and following that, we will have a Q&A session. This call is being webcast and will be available for replay in the investors section of our website, adamispharmaceuticals.com. In today's call, we will make certain forward-looking statements regarding our business based on current expectations and current information. These statements speak only as of today, and except as required by law, we do not assume any duty to update in the future any forward-looking statement made today. Of course, any forward-looking statements involve risks and uncertainties, and our actual results could differ materially from those anticipated by any forward-looking statements that we make today. Additional information concerning factors that could affect our business and financial results is included in our most recent annual report on Form 10-K filed with the Securities and Exchange Commission and in other subsequent filings that we make with the SEC. These are available on the SEC's website. Now please let me hand the call over to David Marguglio, CEO of Adamis. Thank you, Robert. I appreciate all of you for tuning in today for our third quarter update. After our clinical trial examining the effects of Tempol COVID-19 treatment failed to achieve its primary endpoint, we have paused and now have halted further development of Tempol, beginning at the end of September. In early October, we announced we had initiated a process to explore strategic and financing alternatives for the company. Those alternatives include the partnering or outright sale of one or both of our commercial products, SYMJEPI and ZIMHI, or the sale, merger or reverse merger of the company. All of these options would have the objective of maximizing shareholder value. The company hired our longtime investment bank, Raymond James, as strategic advisor to assist and evaluate potential alternatives. We are presently actively involved in communications with third parties regarding which. Regarding this process, which could result in one or more possible transactions. While engaged in the process, we have implemented significant and successful expense reduction measures, including stopping all development programs and reducing employee headcount to just those individuals directly involved in either the manufacturing of our commercial products, maintaining regulatory compliance, or supporting the strategic process. These measures were necessary to preserve the company's limited cash while determining our path forward. Over the last few months, we've weathered a near perfect storm of both micro and macro events, which have severely limited the company's ability to operate. However, I'm confident that this process we began in October will conclude with one or more good options that will enable us to reset our strategy and place the company on a path to increasing shareholder value. While there can be no assurance that this process will result in a transaction, and we have not established a schedule for completion of the review process, I expect that in the coming weeks we will have a better sense of where this process is likely to head. Until the company enters into a definitive agreement or otherwise determines that our disclosure is necessary or appropriate, we will not expect to disclose or provide updates concerning developments related to the process where the company is engaged in the process. I'd now like to turn it over to our CFO, David Benedicto, to provide a brief update on our recently filed third quarter financial results. Thank you. This afternoon, we filed our Form 10-Q for the quarter ending September 30, 2022. I will discuss a few items relating to our financials, and I encourage you to review the 10-Q for additional details and disclosures. Despite still being negatively impacted by the SYMJEPI recall, total net revenue for the quarter ending September 30, 2022 was $1.5 million, compared to $760,000 for the same quarter in 2021. This 98% increase was primarily due to sales of ZIMHI. The absence of sales for SYMJEPI resulting from the 2022 product recall and the recognition of deferred revenue under the US WorldMeds agreement, offset by the cost of the SYMJEPI recall. Selling, general and administrative expenses were approximately $2.5 million for the quarter ending September 30, 2022 versus $4.8 million in the quarter ending September 30, 2021. The 48% decrease was primarily a result of reductions in legal and advisory fees and a reversal of accrued bonus expenses. Research and development expenses were lower for the third quarter of 2022 at approximately $2 million, compared to $4.6 million in 2021. The 57% decrease was primarily related to lower development spending for Tempol and ZIMHI. Net loss for the combined discontinued and continuing operations for the quarter ended September 30, 2022 was approximately $4.4 million, compared to $12.4 million for September 30, 2021. A 64% decrease. Cash and cash equivalents at September 30, 2022 total $2.4 million. We expect to receive additional proceeds between now and the end of the first quarter of 2023, which could range from approximately $3 million-$4 million from the disposition of the remaining U.S. Compounding assets. While there are no guarantees, we are endeavoring to implement further reduction measures to cut operating expenses to manage the company's limited cash to both continue critical operations and provide the time required to conclude one or more potential strategic transactions. Once again, I encourage you to review our recently filed Form 10-Q for additional details and disclosures. I will now turn it back to David Marguglio. Thanks, David. I'd now like to provide you with a brief update on our commercial products for both SYMJEPI and ZIMHI. As you know, in March, we announced a voluntary recall of certain batches of SYMJEPI due to quality issues at one of our manufacturers. I am pleased to announce today that following corrective actions, Catalent has now resumed operations at their Belgian facility, and they have scheduled a new batch of SYMJEPI to be manufactured in November. Without any further delays, we would expect SYMJEPI to be back in the market before the end of Q1 2023. Prior to that recall, it seemed likely that 2022 would be the year that SYMJEPI reached breakeven and began producing positive cash flow for Adamis. We expect that US WorldMeds can regain their prior momentum, and we are hopeful that 2023 will be that banner year that we expected for 2022. Shifting to ZIMHI. On our last call, I provided a substantial summary of how US WorldMeds is approaching the commercial launch of ZIMHI, including their areas of focus within the retail and non-retail markets. I also attempted to establish the expectation that the heavy lift in the first few quarters of any drug launch is laying the necessary foundation through a tedious process of adding the drug to the formularies of both insurers and prescription benefit managers, contracting directly with customers, et cetera. You may have noticed an uptick in media coverage of ZIMHI over the last couple of months. In fact, there have been 470 distinct media mentions of ZIMHI since August thirty-first, with at least eight of those stories highlighting individual lives that have been saved by ZIMHI. It's exciting to track this increased media exposure as the market becomes more and more aware of ZIMHI. Additionally, US WorldMeds continues to grow the size of its commercial team focused on ZIMHI. Last month, they added a new director of medical affairs to focus on better positioning ZIMHI in the market. Their team is also actively engaged with opioid task forces in more than a dozen states and multiple federal agencies. All of this foundational work is just now starting to convert into increase in sales. Our third-party sales and prescription data shows that unit sales of ZIMHI increased 90% in the third quarter of 2022, nearly doubling the second quarter. Now, there's still a long way to go to reach total unit sales at a level that's meaningful and establishing cash flow for Adamis, but it's certainly directionally positive. To summarize the commercial update, we expect SYMJEPI to reenter the market in the first quarter of 2023. The commercial launch of ZIMHI is proceeding as planned, and we look forward to stronger sales in Q4 and look ahead to more meaningful revenue for both products in 2023. That concludes our initial remarks. Before I open it up to questions, I'll share that following our second quarter call, we received positive feedback regarding the format that we had used for Q&A. We're gonna continue that format today, having Robert consolidate the most frequently asked questions from investors. Robert. Thank you, David. Let's kick it off with this one, and this one has to do with your cash balance of $2.4 million at the end of September. This investor is asking, "Will you be out of cash by the end of the year if no additional proceeds come from the U.S. Compounding liquidation? And what is your confidence level in receiving the $3 million-$4 million of additional proceeds that you discussed in your remarks? No. This is David Benedicto. No. We have a plan to manage expenditures to coincide with the receipt of the additional proceeds. We are confident on the receipt, but we remain uncertain where actual proceeds will fall within the estimated range. Okay, great. Now shifting over to the ZIMHI and getting that back on the market. When does the newly manufactured ZIMHI from Catalent get shipped to your fill and finish contract manufacturer? And when should we expect product to be available to patients, you know, and on the shelves of the pharmacy? Just help us understand the steps and where, you know, there might be some additional delays or unanticipated bumps in the road, if any. Yeah, certainly. The process starts for ZIMHI at Catalent in Belgium, and at that site they formulate epinephrine and fill it into syringes and insert rubber stoppers. Before that has been evaluated for release, it goes through all its release testing and eventually shipped to Phillips-Medisize for what their part of the supply chain entails. And which is they manufacture all of the plastic components for the device and assemble the device around the syringes, add all of the labeling and package inserts in secondary packaging, and then that product is shipped from Phillips-Medisize to US WorldMeds for distribution. As far as the timing as it relates to the restart, as I mentioned, we are currently on schedule with Catalent to manufacture a batch of ZIMHI in November. Assuming that there are no further delays, the product should be released sometime towards the end of January, shipped to Phillips-Medisize, and then as Phillips-Medisize begins their assembly process, they will send that product out, as it's completed to US WorldMeds. We're saying by the end of the first quarter, but, you know, we are certainly working towards accelerating that timeline. Okay, great. Let's jump over to one that comes in fairly often. Just can you remind us where you are in the Nasdaq delisting process? Is there a scenario where you might have to go to an OTC listing before the strategic process has been completed? Well, just to refresh everybody, recall here. We received a notice earlier this year from Nasdaq regarding our out of compliance share price. They gave us, at that time, until December 27th to regain price compliance. We're quite aware of the delisting process and we are communicating with Nasdaq and will intend to communicate further with Nasdaq as this strategic process becomes clear, at which time we expect to either file an appeal or some other form of request of additional time to regain that compliance. It is our expectation that we will maintain a listing on Nasdaq at least for a period of time to get through this process that we're currently in. We have no reason to believe otherwise. That's currently where our confidence is. Okay, great. Let's talk about switching over to ZIMHI a little bit. You know, generic Narcan is available, and I think it's been quite readily accepted by the marketplace. Is the availability of the generic Narcan having any kind of a negative impact on the ZIMHI launch and its acceptance? Well, the impact has really been to pricing as you know, the entrance of generics and the response by some of the branded products has been lowering the price overall for Narcan, which we view as a net positive for the market. As you know, we have long stated that more naloxone in the market should lead to fewer and fewer deaths, which is our objective, obviously. Now, as far as what that translates to as far as our ability to sell ZIMHI, I don't think that it impacts the ability to sell it, given the differentiating characteristics of ZIMHI through its different route of administration and its significantly higher dose. We think that those benefits stack up well regardless of whether we're talking about branded products or generics. Really the impact is just on possible margins. I think I commented on our prior call that we have undertaken a couple of measures, and we intend to undertake additional measures to further reduce our cost of goods on the product so that we can maintain margins even at lower selling prices. Okay, great. So what can you tell us about the early adopters of ZIMHI? Has US WorldMeds had success with this type of customer? Why do you think they've been successful or why not? Well, they are, you know, I think as I described in some detail on the last call, targeting a number of different areas of the market. What we deem to be low-hanging fruit, you know, pre-launch and certainly the success in tapping into this market has proven this out is in first responders. Any group, frankly, that has to use naloxone on a regular if not daily basis. For those groups, they immediately recognize the benefit of the higher dose and the faster uptake of naloxone from the route of administration. I think that's where they've seen early success, and I expect that that will be a going forward, a strong supporter and customer for the product. Okay, great. Thanks for that. This investor is now jumping back to SYMJEPI for a pretty good question here. Could US WorldMeds decide not to relaunch SYMJEPI due to the recall and adverse market conditions that have changed? What are the terms of the agreement that would allow them to exit the contract? Yeah. Without getting into the specifics of the agreement, I can tell you that I think I mentioned earlier that US WorldMeds was in the process of revising forecasts for 2022 before the recall. It is our expectation that they will be able to get back that momentum that they had at the beginning of 2022, and I believe that they are eager to get back into the market with the product, and we've not been given any indication otherwise. Here's one about financial modeling and forecasting. What would be a reasonable estimate for monthly revenue that you were receiving from the sale of U.S. Compounding, and when does this stream of cash end? Yeah. I'll let David B. take that. With regards Fagron, we have received all of the expected revenue from the sale of certain assets to them. What remains are the expected proceeds from the sale of the building, land, and the remaining manufacturing equipment, which we expect could range from $3 million-$4 million. Thank you. Okay, great. Here's one more. Assuming the strategic process currently underway results in a definitive agreement, will it require shareholder approval, you know, a shareholder vote? Yeah. I guess the answer depends on the outcome of that process and frankly, the nature of the agreement that is the result. If it's a transaction that requires shareholder approval, then absolutely, we will be putting together a proxy and soliciting, describing the transaction and soliciting shareholder approval. We would expect that process to begin right on the heels of signing any sort of definitive agreement. Okay. Great. Okay, we've come to the end of the questions that have been submitted to me. At this time, I'd like to thank everyone for listening to our call and for your interest in Adamis Pharmaceuticals. Thanks to the management team for their discussion of where they think they're headed and for the good financial reporting that they have put out now for the third quarter. Thanks, everyone. If you have additional questions, please contact us. All right. Thanks, everyone. Have a good evening. Ladies and gentlemen, this concludes your conference call for today. We thank you for joining and ask that you please disconnect your lines. Thank you.