NervGen Pharma
Financials
Estimates*
CAD | 2017 | 2018 | 2019 | 2020 | 2021 | 2022 | 2023 |
---|---|---|---|---|---|---|---|
EBITDA | (<1m) | (1.3m) | (9.8m) | (11.1m) | (12.8m) | (22.7m) | (17.1m) |
Profit | (<1m) | (1.4m) | (9.8m) | (11.2m) | (12.7m) | (20.7m) | (22.4m) |
R&D budget | - | <1m | 6.4m | 6.2m | 6.9m | 16.6m | 8.0m |
Date | Investors | Amount | Round |
---|---|---|---|
N/A | $100k | Seed | |
N/A | N/A | IPO | |
* | $1.5m | Grant | |
* | $3.2m | Grant | |
* | $20.0m | Post IPO Equity | |
Total Funding | €4.3m |
Recent News about NervGen Pharma
EditNervGen is a clinical-stage biotech company focused on developing groundbreaking treatments that enable the nervous system to repair itself following damage from injury or disease. The company is currently advancing its lead drug candidate, NVG-291, through Phase 1b/2a clinical trials targeting spinal cord injuries. NervGen's innovative approach aims to address scar formation in the nervous system, which can result from acute injuries like spinal cord damage or chronic conditions such as multiple sclerosis. The company plans to expand its pipeline with NVG-300, targeting ischemic stroke, amyotrophic lateral sclerosis (ALS), and spinal cord injury. NervGen operates in the biotech sector, primarily serving patients with neurological damage and collaborating with healthcare providers and research institutions. The business model revolves around drug development and clinical trials, with revenue potential from licensing agreements, partnerships, and eventual drug sales upon regulatory approval.
Keywords: biotech, nervous system repair, spinal cord injury, NVG-291, clinical trials, scar formation, multiple sclerosis, ischemic stroke, ALS, drug development.