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NervGen Pharma Corp. (V:NGEN)

Business Focus: Biotechnology & Medical Research (NEC)

Sector:  Healthcare Industry:  Biotechnology & Medical Research
 
Company Contact
Address: 112-970 Burrard Street, Unit 1290
VANCOUVER BC V6Z 2R4
Tel: N/A
Website: https://www.nervgen.com
IR: See website
Key People
William Joseph Radvak
Executive Chairman of the Board, Co-Founder
Mike Kelly
President, Chief Executive Officer
William J. Adams
Chief Financial Officer, Company Secretary
Daniel D. Mikol
Chief Medical Officer
   
Business Overview
NervGen Pharma Corp. is a clinical-stage biotech company. The Company is engaged in discovery, development and commercialization of pharmaceutical products for the treatment of nervous system damage due to injury or disease. The Company is advancing its lead compound, NVG-291, for the treatment of spinal cord injury (SCI), Alzheimer's disease (AD) and multiple sclerosis (MS). Its NVG-291 is a therapeutic peptide, which is a mimetic of the intracellular domain of protein tyrosine phosphatase, a cell surface receptor known to interact with chondroitin sulfate proteoglycans (CSPGs) and to be involved in the regulation of neuroplasticity and central nervous system repair. The Company has two wholly owned subsidiaries, including NervGen US Inc. and NervGen Australia Pty Ltd.
Financial Overview
For the nine months ended 30 September 2023, NervGen Pharma Corp revenues was not reported. Net loss decreased 7% to C$13.8M. Lower net loss reflects Chemistry, manufacturing and controls decrease of 80% to C$859K (expense), Clinical and Regulatory decrease of 54% to C$1.1M (expense). Basic Earnings per Share excluding Extraordinary Items increased from -C$0.30 to -C$0.23.
Employees: 10 as of Dec 31, 2022
Reporting Currency: Canadian Dollars
Enterprise value: $126.18M as of Sep 30, 2023
Annual revenue (TTM): $0.00M as of Sep 30, 2023
EBITDA (TTM): -$19.54M as of Sep 30, 2023
Net annual income (TTM): -$19.71M as of Sep 30, 2023
Free cash flow (TTM): -$13.40M as of Sep 30, 2023
Net Debt Last Fiscal Year: N/A
Shares outstanding: 69,927,649 as of Apr 12, 2024
TTM: Trailing Twelve Months
EBITDA: Earnings Before Interest, Taxes, Depreciation, & Amortization