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. > Real World Math Doesn't Apply To Algernon Pharmaceuticals

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Comment by nodaytraderon Jan 10, 2023 11:16am

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Post# 35213404

RE:Real World Math Doesn't Apply To Algernon Pharmaceuticals

The $20 valuation is based on comparables at Stage 1 research while the cash call occurs at Stage 2.

if Stage 2 results mirror Stage 1, there will be a massive increase in imputed value.

There is nothing wrong with the "company math"

I like this move. It gets AGN, at least partway, out of the sandbox.