ProMIS Neurosciences Inc. ( (PMN) ) has released its Q1 earnings. Here is a breakdown of the information ProMIS Neurosciences Inc. presented to its investors.
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ProMIS Neurosciences Inc. is a clinical-stage biotechnology company dedicated to developing antibody therapeutics targeting toxic misfolded proteins in neurodegenerative diseases such as Alzheimer’s, ALS, and Parkinson’s.
In its first quarter of 2025, ProMIS Neurosciences reported significant progress in its Alzheimer’s program, particularly with the rapid enrollment of the first cohort in the PRECISE-AD trial for PMN310, a promising treatment candidate. The company anticipates interim results in the first half of 2026 and topline results by the end of that year.
The financial results for the first quarter of 2025 show an increase in research and development expenses to $5.5 million, primarily due to the PMN310 Phase 1b clinical trial, and a net loss of $7.3 million, compared to $3.6 million in the previous year. Cash reserves decreased to $8.4 million from $13.3 million at the end of 2024.
ProMIS is also advancing its vaccine programs for Alzheimer’s and synucleinopathies, with promising preclinical data presented at recent conferences. The company’s strategic focus remains on developing therapies with improved safety profiles and efficacy, particularly addressing the limitations of existing treatments.
Looking ahead, ProMIS Neurosciences is poised to continue its development efforts, with management expressing optimism about the potential of PMN310 and other pipeline candidates to set new standards in the treatment of neurodegenerative diseases.