ProMIS Neurosciences Inc.

ProMIS Neurosciences, Inc. is a development stage biotechnology company focused on discovering and developing antibody therapeutics selectively targeting toxic misfolded proteins implicated in the development and progression of neurodegenerative diseases, in particular Alzheimer’s disease (AD), amyotrophic lateral sclerosis (ALS) and Parkinson’s disease (PD). The Company’s proprietary target discovery engine is based on the use of two complementary computational modeling techniques. The Company applies its molecular dynamics, computational discovery platform -ProMIS™ and Collective Coordinates - to predict novel targets known as Disease Specific Epitopes on the molecular surface of misfolded proteins. ProMIS is headquartered in Toronto, Ontario, with offices in Cambridge, Massachusetts.

Expert Comments:

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Douglas Loe, Leede Jones Gable

"ProMIS Neurosciences Inc. and its scientific collaborators presented new preclinical/biochemical data that further characterized the beta amyloid-binding activity of the firm's novel monoclonal antibody (mAb) drug PMN310, showing in a series of experiments that the mAb has a unique binding profile when compared to other amyloid-targeted mAbs. . .new PMN310 amyloid binding data is consistent with our prior analysis showing how selectively PMN310 binds to neurotoxic beta amyloid oligomers and not to monomers or higher order plaques."

Steve Silver, Argus Research

"ProMIS Neurosciences Inc. has designated PMN267, focused on TDP-43, as its lead product candidate for treatment of amyotrophic lateral sclerosis (ALS). To date, an intrabody version of PMN267, delivered inside cells via a gene therapy vector, has shown significant reductions in the amount of TDP-43 aggregates in human motor neurons derived from ALS patients, and an injectable antibody treatment has produced promising trends for protection against disability."

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Douglas Loe, Leede Jones Gable

"Earlier this week, ProMIS Neurosciences Inc. competitor, Eisai, received priority review status from the U.S. Food and Drug Administration (FDA) for a Phase 3-stage beta amyloid-targeted monoclonal antibody called lecanemab. . .protofibril-targeted lecanemab exhibits binding selectivity to intermediate oligomeric forms of beta amyloid, and so favorable FDA review could reflect positively on PMN310's downstream clinical/regulatory prospects."

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Steve Silver, Argus Research

"ProMIS Neurosciences Inc.'s PMN310 program is currently undergoing investigational new drug enabling activities and is expected to begin a Phase 1b clinical study in Alzheimer's disease patients in early 2023. . .we view PMN310 as potentially representing a best-in-class opportunity."

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Douglas Loe, Leede Jones Gable

"We are initiating coverage on Massachusetts-based, central nervous system-focused, antibody-based drug developer ProMIS Neurosciences Inc. with a Speculative Buy rating. . .the company's core competency lies in its expertise in generating monoclonal antibodies that target conformational epitopes that are expressed either predominantly or exclusively on misfolded or aggregated proteins that in being misfolded/aggregated contribute to disease."

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Steve Silver, Argus Research

"We view ProMIS Neurosciences Inc.'s path to clinical value inflection favorably, given that its Phase 1b study will be open label and biomarker checked on a monthly basis, which should provide evidence of effect at a relatively early stage. In addition, we expect the appetite for mergers and acquisitions and financing for diseases such as Alzheimer's to improve over 2022, as new late-stage data is reported."

Experts Following This Company

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Douglas Loe, Managing Director & Analyst, Healthcare and Biotechnology – Leede Jones Gable
Steve Silver, Outside IR – KCSA Strategic Communications
John Vandermosten, CFA – Zacks Small-Cap Research

Company News 

9/13/2022 – ProMIS Neurosciences appoints accomplished biopharmaceutical leader, Dr. Gail M. Farfel, as Chief Executive Officer

8/15/2022 – ProMIS Neurosciences Announces Second Quarter 2022 Financial and Operating Results

8/2/2022 – ProMIS Neurosciences Presents at 2022 Alzheimer's Association International Conference

7/27/2022 – ProMIS Neurosciences to Present at 2022 Alzheimer's Association International Conference

7/8/2022 – ProMIS Neurosciences to Commence Trading on Nasdaq Under the Symbol "PMN"

The information provided above is from analysts, newsletters, the company and other contributors.

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Investing Highlights
Alzheimer’s antibody therapy potentially “Best” of next generation
Highly selective antibody technology targets only misfolded (toxic) proteins
Proprietary discovery platform supports broad, rapidly expanding portfolio
catalyst Calendar
Start IND enabling studies for Parkinson’s and ALS lead candidates: H2 2022
PMN310 for Alzheimer’s: IND preparation complete Q4’2022
First clinical trial Q12023