ProMIS Neurosciences, Inc.PMN

$10.54+0.16 (+1.54%)
NASDAQHealthcare24:00 UTC

Company snapshot

Market Cap
$69M
Micro-cap
+301%
2016 — today
10-Year Price
-94%
2016 — today
52-Week Range
$6.76$28.00
Current $10.54· 18%

ProMIS Neurosciences, Inc. is a Canadian biotechnology firm dedicated to creating targeted therapeutic solutions for debilitating neurodegenerative conditions such as Alzheimer's disease (AD), amyotrophic lateral sclerosis (ALS), and multiple system atrophy (MSA). The company leverages a unique computational discovery platform, utilizing its ProMIS and Collective Coordinates algorithms, to identify novel, disease-specific targets – known as epitopes – located on the surface of misfolded proteins. Its pipeline features several promising drug candidates, including PMN310, a monoclonal antibody designed to address toxic oligomers implicated in Alzheimer's disease. Another candidate, PMN267, targets superoxide dismutase 1 and TAR-DNA binding protein 43 in ALS, and alpha-synuclein associated with Parkinson's disease and Lewy body dementia. Finally, PMN442 is a monoclonal antibody aimed at toxic alpha-synuclein oligomers and seeding fibrils relevant to multiple system atrophy. Established in 2004, the company changed its name from Amorfix Life Sciences Ltd. to ProMIS Neurosciences, Inc. in July 2015. Its corporate headquarters are situated in Toronto, Canada.

Valuation in context

P/E ratio
-0.4
N/A
Not meaningful — company is unprofitable
P/B ratio
1.1
Below average
Below the 10-year average
FCF Yield
-51.6%
Below average
Below the 10-year average
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