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ProMIS Neurosciences ( (PMN) ) has shared an update.
On July 28, 2025, ProMIS Neurosciences announced a private investment in public equity (PIPE) offering, raising approximately $3 million through the sale of warrants to existing institutional investors. This financing, combined with proceeds from the exercise of existing warrants, is expected to generate total gross proceeds of about $12 million. The funds will be used to advance the clinical development of PMN310, ProMIS’ lead therapeutic candidate, and for general corporate expenses. The transaction is expected to close on July 29, 2025, subject to customary conditions.
The most recent analyst rating on (PMN) stock is a Buy with a $3.00 price target. To see the full list of analyst forecasts on ProMIS Neurosciences stock, see the PMN Stock Forecast page.
Spark’s Take on PMN Stock
According to Spark, TipRanks’ AI Analyst, PMN is a Underperform.
ProMIS Neurosciences faces significant financial hurdles, with no current revenue and ongoing operational losses, leading to a weak overall financial performance. The technical analysis indicates the stock is under pressure, and the valuation reflects challenges with a negative P/E ratio. While recent corporate events show promise in terms of future growth potential, they do not offset the immediate financial challenges. The overall score reflects the need for cautious optimism, as the company must improve its financials and achieve sustainable revenue generation.
To see Spark’s full report on PMN stock, click here.
More about ProMIS Neurosciences
ProMIS Neurosciences is a clinical-stage biotechnology company focused on the discovery and development of therapeutic antibodies targeting toxic misfolded proteins associated with neurodegenerative diseases such as Alzheimer’s, ALS, and Parkinson’s. The company utilizes its proprietary EpiSelect™ platform to identify novel targets on misfolded proteins, with offices in Cambridge, Massachusetts and Toronto, Ontario.
Average Trading Volume: 6,978,545
Technical Sentiment Signal: Sell
Current Market Cap: $32.25M
See more insights into PMN stock on TipRanks’ Stock Analysis page.