Algernon Pharmaceuticals Inc.

Algernon is a Canadian clinical stage drug development company investigating multiple drugs with global unmet medical needs. Algernon has active research programs for idiopathic pulmonary fibrosis (“IPF”) with chronic cough, chronic kidney disease, and a psychedelic program investigating a proprietary form of DMT for stroke. Two of Algernon’s lead drugs are based on drug repurposing and the third compound is a naturally occurring psychedelic drug.

Drug repurposing offers several benefits over traditional drug development including a reduction in investment and risk (repurposed compounds have a much lower risk of failing in human trials as a result of safety issues), shorter research periods and a longer active patent life. Our program specifically investigates compounds that have never been approved in the U.S. or Europe.

We protect our lead compounds with method of use, dosing, and new formulation patents, as well as composition of matter patents that include derivatives and analogues. The Algernon model is highly capital efficient, and the company has assembled an experienced management team, a globally recognized medical and scientific advisory board, and a business advisory board.

Expert Comments:

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Douglas Loe, Leede Jones Gable

"Algernon Pharmaceuticals Inc. intends to initiate a 180-patient Phase 2b trial assessing the company's lead N-methyl-D-aspartate receptor antagonist ifenprodil/NP-120 as a treatment for chronic cough. The firm intends to commence the trial by Q3/23."

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Clive Maund,

"Algernon Pharmaceuticals Inc. has two things going for it. One is that it could come out with positive news at any time that could get the stock moving, and the other is that with only 2.3M shares in issue, when it does move, it is likely to result in big percentage gains. . .the company is therefore rated a Strong Speculative Buy."

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Dr. André Uddin, Research Capital Corporation

"Positive Phase 2a data was previously achieved with Algernon Pharmaceuticals Inc.'s ifenprodil in idiopathic pulmonary fibrosis and chronic cough. . .we believe management is going to hone most of its efforts on its lead candidate ifenprodil for chronic cough and advance it into Phase 2b trials."

Algernon Pharmaceuticals has entered into a clinical trial agreement with Yale and caught expert Clive Maund's attention. In light of this, Maund reviews the company's chart to tell you when he believes you should buy it.
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Clive Maund,

"Algernon Pharmaceuticals Inc. got sold down further than we expected, making an unexpected further drop last week that took it down close to a trend line connecting a series of lows; however the company now looks set to reverse to the upside, especially as this morning it came out with the news that it has entered into a clinical trial agreement with Yale University for a DMT Phase 2 depression study. . .anyone holding should therefore stay long, and Algernon is rated a Buy again here."

Clive Maund,

"Algernon Pharmaceuticals Inc. has reacted back further than expected with the result that it has arrived back in a zone of strong support where a string of bullish candles has formed since early this month. It is deeply oversold here on its moving average convergence-divergence (MACD) and relative to its moving averages, with the normalizing MACD histogram (bars) calling for a rally soon, especially as we have only seen upside volume in recent days. . .the company is rated an immediate Strong Buy."

Clive Maund,

"One stock viewed as an Immediate Buy here is Algernon Pharmaceuticals Inc. Although it has reacted back heavily in recent weeks following a very strong runup, the reaction is within normal parameters, especially given what happened to the market as a whole; this reaction has brought it back into a zone of support near to its rising 50-day moving average, so that even a minor relief rally in the broad market could see it shoot back up again."

More Expert Comments

Experts Following This Company

Gerard Adams, President & CEO – National Inflation Association
Clive Maund –
headshot of Chris Temple
Chris Temple, Editor and Publisher – The National Investor
headshot of Dr. André Uddin
Dr. André Uddin – Research Capital Corporation

Company News 

3/21/2023 – Algernon Pharmaceuticals Announces Launch of Rights Offering

3/2/2023 – Algernon NeuroScience Appoints Global TBI Expert and Former NFL Neurological Player Care Safety Director Dr. David Brody to Advisory Board

2/28/2023 – Algernon Pharmaceuticals Announces 4 for 1 Forward Share Split

2/21/2023 – Algernon NeuroScience Initiates Traumatic Brain Injury Research Program With DMT; Appoints Global TBI Expert as Advisor

2/17/2023 – Algernon Pharmaceuticals subsidiary completes first dosing in Phase 1 clinical study of DMT

2/16/2023 – Algernon NeuroScience Provides Update on Phase 1 DMT Clinical Study, Drug Found Safe to Proceed to Next Phase

1/17/2023 – Algernon Pharmaceuticals subsidiary Algernon NeuroScience doses first patient in stroke study

1/17/2023 – Algernon NeuroScience Doses First Subject in Phase 1 DMT Clinical Stroke Study

1/11/2023 – Algernon Pharmaceuticals Looks to Advance DMT Stroke Research

1/11/2023 – Algernon Pharmaceuticals Appoints Dr. Peter Dicpinigaitis to Chronic Cough Advisory Board

1/10/2023 – Algernon Pharmaceuticals releases details of Phase 2b chronic cough study of Ifenprodil

1/9/2023 – Algernon Pharmaceuticals Announces Plans for a 180 Patient Phase 2b Chronic Cough Study of Ifenprodil

1/4/2023 – Algernon Pharmaceuticals forms Algernon NeuroScience subsidiary to advance DMT stroke program

1/3/2023 – Algernon Pharmaceuticals Forms Private Subsidiary to Advance Company's Psychedelic DMT Stroke Program; Files Form 1-A Offering Statement with U.S. SEC for Regulation A+ Offering

The information provided above is from analysts, newsletters and other contributors. Please contact the company and visit its website before making an investment decision.See disclaimer for more details.

Streetwise Company Fact Sheet

Algernon Pharmaceuticals Inc.


2023/3/24 18:49:16

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Research Capital CorporationDr. André Uddin

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Streetwise - Algernon Pharmaceuticals Inc. Ownership Overview*

Algernon Pharmaceuticals Inc. (AGN:CSE; AGNPF:OTCQB; AGN0:XFRA)

*Share Structure as of 3/21/2023
Investing Highlights
Advancing new drug treatments for billion dollar global disease markets.
Conducting multiple phase II clinical trials
Experienced management team & globally recognized medical advisory board
catalyst Calendar
Begin Phase 1 Study | DMT/TROKE
US FDA IND filing / Fast Track Application | IPF / COUGH
Begin Phase 2b Study | IPF / COUGH
Phase 1 DMT Data | DMT/ STROKE
Begin Phase 1 Study | CKD
Phase 1 CKD Data