ProMIS Neurosciences Inc. (T:PMN*CA)
| Sector: Healthcare | Industry: Biotechnology & Medical Research |
| See Regulatory Filings on SEDAR | |
| Company Contact | |
| Address: | SUITE 200, 1920 YONGE STREET TORONTO ON M4S 3E2 |
| Tel: | 1-617-9010785 |
| Website: | https://promisneurosciences.com |
| IR: | See website |
| Key People | ||
| Eugene Williams Executive Chairman of the Board | Neil Cashman Co-Founder, Chief Scientific Officer, Director | Daniel E. Geffken Chief Financial Officer |
| Gavin Malenfant Chief Operating Officer | Larry Altstiel Chief Medical Officer | Johanne Kaplan Chief Development Officer | David Wishart Chief Physics Officer |
| Business Overview |
| ProMIS Neurosciences, Inc. is a Canada-based development-stage biotechnology company. The Company is focused on the discovery and development of precision medicine solutions for early detection and effective treatment of neurodegenerative diseases, including Alzheimer's disease (AD), amyotrophic lateral sclerosis (ALS) and Parkinson's disease (PD). The Company is focused on the discovery engine, which is based on the use of two complementary algorithms: ProMIS and Collective Coordinates, which are used to predict targets known as Disease Specific Epitopes on the molecular surface of misfolded proteins. The Company is focused on developing antibody therapeutics for AD, ALS and PD. The Company has a wholly owned subsidiary is ProMIS Neurosciences (US) Inc. (ProMIS USA). |
| Financial Overview |
| For the three months ended 31 March 2022, Promis Neurosciences Inc revenues increased from C$0K to C$14K. Net loss decreased 59% to C$3.1M. Revenues reflect Interest earned increase from C$0K to C$8K, Sales and royalty income increase from C$0K to C$5K. Lower net loss reflects FV/Uls Adjust on Derivatives for Hedging increase from C$7M (expense) to C$2.2M (income), Share in net loss of joint venture decrease from C$3K (expense) to C$0K. |
| Employees: | 5 as of Dec 31, 2021 |
| Reporting Currency: | Canadian Dollars |
| Enterprise value: | $39.15M as of Mar 31, 2022 |
| Annual revenue (TTM): | $0.03M as of Mar 31, 2022 |
| EBITDA (TTM): | -$14.98M as of Mar 31, 2022 |
| Net annual income (TTM): | -$7.26M as of Mar 31, 2022 |
| Free cash flow (TTM): | -$15.13M as of Mar 31, 2022 |
| Net Debt Last Fiscal Year: | N/A |
| Shares outstanding: | 7,195,529 as of Jul 25, 2022 |
| TTM: Trailing Twelve Months EBITDA: Earnings Before Interest, Taxes, Depreciation, & Amortization | |
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