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NervGen Pharma ( (TSE:NGEN) ) just unveiled an announcement.
NervGen Pharma Corp. announced an update on its at-the-market equity program, which was launched in December 2024. During the first quarter of 2025, the company issued and sold 564,500 common shares, generating gross proceeds of $1,639,761. After deducting placement fees, the net proceeds amounted to $1,606,965. This financial maneuver is part of NervGen’s strategy to support its ongoing clinical trials and preclinical evaluations, potentially strengthening its position in the biotech industry focused on neurorestorative therapies.
Spark’s Take on TSE:NGEN Stock
According to Spark, TipRanks’ AI Analyst, TSE:NGEN is a Neutral.
NervGen Pharma’s overall stock score reflects its position as a high-risk, high-reward biotech company. The company’s financial health is weak, characterized by consistent losses and reliance on financing. Technical indicators suggest a stable yet cautious market sentiment. Valuation remains challenging due to negative earnings, but recent clinical advancements offer potential long-term upside if successful.
To see Spark’s full report on TSE:NGEN stock, click here.
More about NervGen Pharma
NervGen Pharma Corp. is a clinical-stage biotech company focused on developing neurorestorative therapeutics. The company is engaged in creating innovative treatments to promote nervous system repair, particularly in cases of neurotrauma and neurologic diseases. Their lead molecule, NVG-291, is currently undergoing a Phase 1b/2a clinical trial for spinal cord injury, and they are also evaluating a new candidate, NVG-300, for ischemic stroke and spinal cord injury.
YTD Price Performance: -15.09%
Average Trading Volume: 55,953
Technical Sentiment Signal: Sell
Current Market Cap: $145.7M
For an in-depth examination of NGEN stock, go to TipRanks’ Stock Analysis page.