PMN · NASDAQ · Biotechnology

ProMIS Neurosciences (PMN)

Develops EpiSelect-discovered antibodies for protein-misfolding neurodegenerative disorders.

$13.34
vs last close−0.25 (−1.80%)
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ProMIS Neurosciences, Inc.PMN
Health Care

Develops EpiSelect-discovered antibody candidates for Alzheimer's and other neurodegenerative disorders driven by misfolded proteins. With no approved products or revenue, it is a single-segment R&D business whose only clinical-stage candidate is PMN310.

Develops antibodies against disease-specific epitopes exposed on toxic, misfolded proteins through EpiSelect, its computational discovery platform. PMN310, the only clinical-stage candidate, is designed for Alzheimer's disease to bind toxic amyloid-beta oligomers while avoiding monomer, plaque, and vascular deposits.

Advances PMN267 for TDP-43 disorders and PMN442 for alpha-synuclein disorders in preclinical development, alongside the PMN311 and PMN440 vaccine programs. Toronto serves as the registered head office, with an office in Cambridge, Massachusetts, U.S. clinical sites, and Canadian research relationships.

Operates as a small R&D organization with no approved products or product revenue. Manufacturing is intended to be outsourced where practical, and future commercialization is expected to rely on partners; progress is concentrated on PMN310's clinical and regulatory development.

Company facts

CEONeil K. Warma
ListedJul 8, 2022
ExchangeNASDAQ
HeadquartersToronto, Canada
CountryCanada
Employees10
CIK0001374339
ISINCA74346M5054

Market cap$17.8M
EPS (ttm)−$16.89
P/E (ttm)−0.8040
ROE-143.1%
P/B0.3595
P/S
Dividend yieldDiv yield
Beta1.08vs XLV 0.06

Price target$31.00+128.3%Average of 3 analysts
ConsensusBuy3 of 3 analysts
Ratings

Target rangeAs of Sep 22, 2026

Latest analyst notes

DateFirmActionPriorCurrent
Aug 21, 2026Roth CapitalTarget
Target: $19
Target: $29
Jul 28, 2026Chardan CapitalReiterate
Rating: Target: $20
Rating: BuyTarget: $33
Jul 27, 2026Chardan CapitalTarget
Target:
Target: $20
Jul 7, 2026Roth CapitalInitiate
Rating: Target:
Rating: BuyTarget: $19
Jun 30, 2026Cantor FitzgeraldInitiate
Rating:
Rating: Overweight

Next report
Nov 11, 26
estimated · in 49 days
EPS estimate
−$1.31
Revenue estimate
Fiscal quarter
Q3 FY26

EPSReportedEstimate

Mar '25May '25Aug '25Nov '25Mar '26May '26Aug '26Nov '26
Reported−$0.50−$5.25−$7.25−$6.00−$4.11−$1.26−$1.28Pending
Estimate−$3.50−$3.00−$5.50−$3.75−$4.22−$1.06−$1.38−$1.31
Surprise+85.7%−75.0%−31.8%−60.0%+2.6%−18.9%+7.2%

RevenueReportedEstimate

Mar '25May '25Aug '25Nov '25Mar '26May '26Aug '26Nov '26
ReportedPending
Estimate
Surprise
Estimate−$1.31
ReportedDue Nov 11, 2026
Estimate
ReportedDue Nov 11, 2026
View details

Debt to equity0.00%
Current ratio785.50%

ProfitabilityRevenueNet incomeNet margin

Q3 FY24Q4 FY24Q1 FY25Q2 FY25Q3 FY25Q4 FY25Q1 FY26Q2 FY26
Revenue$0$0$0$0$0$0$0$0
Net income$9.3M−$238.2K−$7.3M−$10.1M−$11.6M−$10.7M−$8.2M−$11.7M
Net margin

GrowthOperating income

Q3 FY24Q4 FY24Q1 FY25Q2 FY25Q3 FY25Q4 FY25Q1 FY26Q2 FY26
Operating income−$4.4M−$6.0M−$7.5M−$10.2M−$11.8M−$10.8M−$8.6M−$12.3M
YoY growthLoss widenedLoss widenedLoss widenedLoss widenedLoss widenedLoss widenedLoss widenedLoss widened

Balance sheet, Jun 30, 2026Cash & short-term investments $53.5M · Total debt $0 · Total assets $56.7M · Shareholders' equity $49.4M

Revenue
$0
Operating income
−$12.3M
Net income
−$11.7M
View details

No dividends on record.

Institutions71.39%6.40M shares
27 holders · as of Jun 30, 2026
Insiders14.40%1.29M shares
10 holders · as of Aug 7, 2026
Strategic holders39.42%3.53M shares
5 holders · as of Apr 7, 2026
Adds to125.21%

8.97M company shares as of Sep 23, 2026 · institutions as of Jun 30, 2026 · holders as of their latest filing

Two share counts disagree (8.97M in the company's Sep 23, 2026 report, 1.31M elsewhere); stakes use the report.

These groups come from separate filings that can overlap, so they add to 125.21%; nothing is left for Other.

Top shareholders13F · 13D/G · Form 4

HolderStakeSharesDate
Janus Henderson Group PLCStrategic
14.42%1.29Mfiled Apr 7, 2026
Jupiter Topco LLCInstitution
14.42%1.29Mas of Jun 30, 2026
ABG Management Ltd.Strategic10 percent owner
10.52%943,090filed Feb 5, 2026
ABG V-SIV IX LtdStrategic10 percent owner
10.52%943,090filed Feb 25, 2026
Wellington Biomedical Innovation Master Investors (Cayman) II, L.P.Insider
9.99%895,877filed Mar 18, 2026

Insider tradesForm 4

DateInsiderRoleSharesAvg price
Aug 5, 2026Johanne Kaplanofficer: Chief Development Officer+2,280$13.30
Apr 22, 2026Patrick D. Kirwindirector+4,000$11.33
Mar 5, 2026Eugene Williamsdirector+2,000$24.40
Mar 2, 2026Eugene Williamsdirector+1,000$22.53
Mar 3, 2026Eugene Williamsdirector+1,000$21.89
View details

  • Eli Lilly

    Approved anti-amyloid leader in early Alzheimer's disease.

  • Biogen

    Leqembi co-developer with an approved early-AD antibody.

  • Acumen Pharmaceuticals

    Closest clinical rival in soluble amyloid-beta oligomer antibodies.

  • AC Immune

    Active anti-amyloid vaccine program for early Alzheimer's disease.

  • Cognition Therapeutics

    Oligomer-toxicity program pursuing the same Alzheimer's patients.

  • Annovis Bio

    Dual Alzheimer's and Parkinson's program with protein-target breadth.

Compare

CompanyPriceChange
ProMIS Neurosciences$13.34−1.80%$17.8M
Eli Lilly$1,154.59−1.33%$1.10T39.328.213.8+47.7%
Biogen$223.76−0.71%$33.30B39.916.93.3+3.4%
Acumen Pharmaceuticals$2.42−8.87%$191.4M
AC Immune$2.77+1.46%$277.8M13.1+823.6%
Cognition Therapeutics$0.9700−1.15%$87.8M
Annovis Bio$1.29+2.02%$53.6M
Median39.622.613.1+47.7%