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COSCIENS Biopharma Inc T.CSCI

Alternate Symbol(s):  CSCI

COSCIENS Biopharma Inc., formerly Aeterna Zentaris Inc., is a specialty biopharmaceutical company engaged in the development and commercialization of a diverse portfolio of pharmaceutical and diagnostic products, including those focused on areas of unmet medical need. Its lead product, macimorelin (Macrilen; Ghryvelin), is an oral test indicated for the diagnosis of adult growth hormone deficiency (AGHD). The Company is also engaged in the development of therapeutic assets and proprietary extraction technology, which is applied to the production of active ingredients from renewable plant resources used in cosmeceutical products (i.e., oat beta glucan and avenanthramides, which are found in skincare product brands like Aveeno and Burt’s Bees formulations) and being developed as potential nutraceuticals and/or pharmaceuticals.


TSX:CSCI - Post by User

Comment by prophetoffactzon Nov 16, 2024 9:36am
69 Views
Post# 36316335

RE:RE:Cash

RE:RE:CashThe MD&A says they have 12-24 months cash. The pediatric diagnostic trial is over. They have discontinued development of AEZS's pipeline. They can license the diagnostic in the US given it is already approved in the US for adults.CSCI has enough cash to reach a proof of principle for the avenanthramide pill trial through the Phase I/IIa clinical trial. The 5X PGX scale-up has been completed and can be launched commercially at smal-scale. The 10X PGX commissioning is scheduled to be completed in Q1 and is the decision point for mass industrialization. 

The company has the tax loss carryforwards from the merger as it works out it plans. The forward plan for the diagnostic is still being deveeloped. Will they sell the pipeline products from AEZS that they don't have the cash for given the unfortunate developments with regards to the pediatric diagnostic trial for additional cash? Trump may change regulatory requirements too for the drug approval process.  

Tencents wrote: Alterna had 38 m cash end September 2023
burning about 5 m per qtr this will be zero end march 2025
czs had 12 m cash end September 2023. It's about break even since then 
so the cash position early 2025 will be about 12 m 
its 20 today with 4 m per quarter being eaten 
this brings us back to the original position of  czs pre merger 
same cash and same projets 


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