Algernon Pharmaceuticals Inc. C.AGN

Alternate Symbol(s): AGNPF

Algernon Pharmaceuticals Inc. is a clinical-stage drug development company. The Company is focused on developing repurposed therapeutic drugs in the areas of non-alcoholic steatohepatitis (NASH), a type of liver disease, chronic kidney disease (CKD), inflammatory bowel disease (IBD), idiopathic pulmonary fibrosis (IPF) and chronic cough as well as advancing a stroke program using N, N-Dimethyltryptamine (DMT). The Company operates through two segments, which includes the development of repurposed therapeutic drugs in Canada and the facilitation of the Company’s lead drug candidates into off-label phase II clinical trials (humans) in Australia. The Company's pipeline includes NP-251 (Repirinast) and AP-188 (DMT). The Company, through its subsidiary, Algernon NeuroScience Inc., is developing AP-188 (DMT) as a potential treatment for stroke and traumatic brain injury (TBI) recovery. Its NP-251 is being developed as a potential treatment for kidney inflammation and fibrosis.

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Algernon Pharmaceuticals Inc. > Algernon and Gromax Capital.....just curious ?

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Comment by nodaytraderon Mar 27, 2021 2:50pm

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Post# 32893321

RE:RE:Algernon and Gromax Capital.....just curious ?

Just speculating but if Ifenprodil is successful, Algernon could sell or license the rights to market it so Algernon would still be developing other drugs and would have a load of cash to distribute to shareholders.
Dividends aren’t paid on warrants so major warrant holders would need to convert to shares.

just a thought

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