NGEN · NASDAQ · Biotechnology

NervGen Pharma (NGEN)

Develops NVG-291 for spinal-cord injury.

$2.03
vs last close−0.03 (−1.69%)
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NervGen Pharma Corp. Common stockNGEN
Health Care

NVG-291 is a neuroreparative peptide in clinical development for spinal-cord injury, alongside next-generation candidate NVG-300. A Vancouver-based, pre-commercial developer, NervGen relies on licensed Case Western science, clinical progress and capital formation.

Advances NVG-291, a subcutaneously administered neuroreparative peptide for spinal-cord injury. The active program includes the CONNECT SCI study, a planned RESTORE registrational study in chronic tetraplegia, and next-generation candidate NVG-300.

Operates as a Vancouver-based clinical-stage developer built around an exclusive worldwide license to patented Case Western Reserve University technology. That license covers research, development and commercialization for spinal-cord injury and other nerve-damage conditions.

Remains clinical-stage rather than commercial, with no approved product or product revenue. The business depends on clinical development, regulatory milestones under the license, and capital raised to advance NVG-291 and corporate operations.

Company facts

CEOAdam Rogers, MD
ListedJan 8, 2026
ExchangeNASDAQ
HeadquartersVancouver, BC
CountryCanada
Employees8
CIK0001751912
ISINCA64082X2032

Market cap$169.7M
EPS (ttm)−$0.6020
P/E (ttm)−3.44
ROE-1,156.1%
P/B13.82
P/S
Dividend yieldDiv yield
Beta1.43vs XLV −0.05

No analyst consensus on record.

Next report
Nov 12, 26
estimated · in 50 days
EPS estimate
−$0.10
Revenue estimate
Fiscal quarter
Q3 FY26

EPSReportedEstimate

Apr '25May '25Aug '25Nov '25Apr '26May '26Aug '26Nov '26
Reported−$0.10−$0.04−$0.09−$0.04−$0.26−$0.01−$0.37Pending
Estimate−$0.06−$0.06−$0.05−$0.06−$0.06−$0.07−$0.06−$0.10
Surprise−68.4%+30.0%−71.7%+30.0%−304.6%+80.4%−510.8%

RevenueReportedEstimate

Apr '25May '25Aug '25Nov '25Apr '26May '26Aug '26Nov '26
ReportedPending
Estimate$4.5K$4.5K$4.5K
Surprise
Estimate−$0.10
ReportedDue Nov 12, 2026
Estimate
ReportedDue Nov 12, 2026
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Debt to equity0.00%
Current ratio123.20%

ProfitabilityRevenueNet incomeNet margin

Q3 FY24Q4 FY24Q1 FY25Q2 FY25Q3 FY25Q4 FY25Q1 FY26Q2 FY26
Revenue$0$0$0$0$0$0$0$0
Net income−$3.8M−$6.1M−$2.8M−$6.5M−$3.0M−$22.5M−$1.2M−$21.3M
Net margin

GrowthOperating income

Q3 FY24Q4 FY24Q1 FY25Q2 FY25Q3 FY25Q4 FY25Q1 FY26Q2 FY26
Operating income−$5.1M−$4.8M−$4.3M−$4.6M−$4.4M−$8.3M−$5.4M−$8.9M
YoY growthLoss widenedLoss widenedLoss widenedLoss narrowedLoss widenedLoss widenedLoss widened

Balance sheet, Jun 30, 2026Cash & short-term investments $61.7M · Total debt $0 · Total assets $64.1M · Shareholders' equity $12.3M

Revenue
$0
Operating income
−$8.9M
Net income
−$21.3M

Reported in CAD, converted at the latest exchange rate

View details

No dividends on record.

Institutions14.59%11.99M shares
65 holders · as of Jun 30, 2026
Other85.41%70.20M shares
remainder

82.19M company shares as of Aug 22, 2026 · institutions as of Jun 30, 2026 · holders as of their latest filing

Top shareholders13F · 13D/G · Form 4

HolderStakeSharesDate
Empery Asset Management, LPInstitution
4.87%4.00Mas of Jun 30, 2026
Rock Springs Capital Management LPInstitution
1.47%1.21Mas of Jun 30, 2026
Dafna Capital Management LLCInstitution
1.28%1.05Mas of Jun 30, 2026
Ghisallo Capital Management LLCInstitution
1.22%1.00Mas of Jun 30, 2026
Armistice Capital, LLCInstitution
0.82%678,000as of Jun 30, 2026

Insider tradesForm 4

Nothing filed in the last 12 months.

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