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Aequus Pharmaceuticals Inc. (AQS.V)

TSXV - TSXV Real Time Price. Currency in CAD
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0.14000.0000 (0.00%)
At close: 2:07PM EST
Full screen
Previous Close0.1400
Open0.1400
Bid0.1400 x 0
Ask0.1500 x 0
Day's Range0.1400 - 0.1500
52 Week Range0.0650 - 0.1550
Volume870,233
Avg. Volume152,619
Market Cap15.668M
Beta (5Y Monthly)0.46
PE Ratio (TTM)N/A
EPS (TTM)-0.0220
Earnings DateNov. 30, 2020
Forward Dividend & YieldN/A (N/A)
Ex-Dividend DateN/A
1y Target Est2.52
  • Aequus Pharma 2021 Outlook and Holiday Wishes
    GlobeNewswire

    Aequus Pharma 2021 Outlook and Holiday Wishes

    VANCOUVER, British Columbia, Dec. 23, 2020 (GLOBE NEWSWIRE) -- Aequus Pharmaceuticals Inc. (TSX-V: AQS, OTCQB: AQSZF), a specialty pharmaceutical company with a focus on developing, advancing and promoting differentiated products, announced today a message from the CEO and Chairman of Aequus, Doug Janzen. Dear Friends,Merry Christmas, Happy Hanukkah, and Seasons Greetings to all our shareholders, clinician partners, patients, and customers. * As we approach the final days of 2020, we would like to recognize the dedication and resilience of our team, who have worked diligently to achieve major milestones and continued growth for Aequus, while overcoming unprecedented challenges. Together we have added additional products to our commercial pipeline and became exceptionally agile in reaching our customers and creating growth, despite the changing pandemic-related restrictions throughout Canada. * Experienced no impact to our existing supply chain or product availability. Newly approved Evolve lubricating eye drops will launch early 2021 in Canada. Inventory is landed in Canada. * Advanced collaborations with strategic partners, including Sandoz and Medicom. Continued positive discussions with several potential business to business partners. * Achieved consistent growth in market share and revenues for both Vistitan and Tacrolimus, and a material reduction in our operating losses. * Retained and hired key team members with skills critical to our future business model success. Aequus is well funded and well positioned to accelerate growth during the next 12 months and beyond. As we look forward to 2021, we thank you for your faith and continued support. We believe that our passionate shareholders are vital to our success. It is in this spirit of the holidays that we extend our warmest greetings and best wishes for the New Year.From Aequus Pharma and our entire Board of Directors, Happy Holidays and we hope this holiday season brings you many reasons to smile.Doug Janzen Founder and Chief Executive OfficerAbout Aequus Pharmaceuticals Aequus Pharmaceuticals Inc. (TSX-V: AQS, OTCQB: AQSZF) is a growing specialty pharmaceutical company focused on developing and commercializing high quality, differentiated products. Aequus has grown its sales and marketing efforts to include several commercial products in ophthalmology and transplant. Aequus plans to build on its Canadian commercial platform through the launch of additional products that are either created internally or brought in through an acquisition or license; remaining focused on highly specialized therapeutic areas. For further information, please visit www.aequuspharma.ca.Forward-Looking Statements:This release may contain forward-looking statements or forward-looking information under applicable Canadian securities legislation that may not be based on historical fact, including, without limitation, statements containing the words “believe”, “may”, “plan”, “will”, “estimate”, “continue”, “anticipate”, “intend”, “expect”, “potential” and similar expressions. Forward- looking statements are necessarily based on estimates and assumptions made by us in light of our experience and perception of historical trends, current conditions and expected future developments, as well as the factors we believe are appropriate. Forward-looking statements include but are not limited to statements relating to: the implementation of our business model and strategic plans; expected timing for product launch; the regulatory approval of the Evolve line of products expected in 2020. Such statements reflect our current views with respect to future events and are subject to risks and uncertainties and are necessarily based upon a number of estimates and assumptions that, while considered reasonable by Aequus, are inherently subject to significant business, economic, competitive, political and social uncertainties and contingencies. Many factors could cause our actual results, performance or achievements to be materially different from any future results, performance, or achievements that may be expressed or implied by such forward-looking statements. In making the forward looking statements included in this release, the Company has made various material assumptions, including, but not limited to: obtaining positive results of clinical trials; obtaining regulatory approvals; general business and economic conditions; the Company’s ability to successfully out license or sell its current products and in-license and develop new products; the assumption that the Company’s current good relationships with its manufacturer and other third parties will be maintained; the availability of financing on reasonable terms; the Company’s ability to attract and retain skilled staff; market competition; the products and technology offered by the Company’s competitors; and the Company’s ability to protect patents and proprietary rights. In evaluating forward looking statements, current and prospective shareholders should specifically consider various factors set out herein and under the heading “Risk Factors” in the Company’s Annual Information Form dated April 28, 2020, a copy of which is available on Aequus’ profile on the SEDAR website at www.sedar.com, and as otherwise disclosed from time to time on Aequus’ SEDAR profile. Should one or more of these risks or uncertainties, or a risk that is not currently known to us materialize, or should assumptions underlying those forward-looking statements prove incorrect, actual results may vary materially from those described herein. These forward-looking statements are made as of the date of this release and we do not intend, and do not assume any obligation, to update these forward-looking statements, except as required by applicable securities laws. Investors are cautioned that forward-looking statements are not guarantees of future performance and are inherently uncertain. Accordingly, investors are cautioned not to put undue reliance on forward looking statements. Contact Information:Aequus Investor Relations Email: investors@aequuspharma.ca Phone: 604-336-7906

  • Aequus Announces Issuance of Stock Options
    GlobeNewswire

    Aequus Announces Issuance of Stock Options

    VANCOUVER, British Columbia, Dec. 08, 2020 (GLOBE NEWSWIRE) -- Aequus Pharmaceuticals Inc. (TSX-V: AQS, OTCQB: AQSZF) (“Aequus” or the “Company”), a specialty pharmaceutical company with a focus on developing, advancing and promoting differentiated products, announced today a grant of 1,445,000 stock options to two directors, Chris Clark and Jason Flowerday, Chief Financial Officer, and employees. No other directors or Executives were participants in today’s grant. These stock options are exercisable at a price of $0.105 per share, for a term of eight years. The terms of the stock options granted on December 8, 2020 are in accordance with the Company’s Stock Option Plan. The Company is also pleased to announce the appointment of Ann Fehr as Corporate Secretary in addition to her Chief Financial Officer role.ABOUT AEQUUS PHARMACEUTICALS INC.Aequus Pharmaceuticals Inc. (TSX-V:AQS) (OTCQB:AQSZF) is a growing specialty pharmaceutical company focused on developing and commercializing high quality, differentiated products. Aequus has grown its pipeline to include several commercial products in ophthalmology and transplant, and a development stage pipeline in neurology. For further information, please visit www.aequuspharma.caForward-Looking Statements:This release may contain forward-looking statements or forward-looking information under applicable Canadian securities legislation that may not be based on historical fact, including, without limitation, statements containing the words “believe”, “may”, “plan”, “will”, “estimate”, “continue”, “anticipate”, “intend”, “expect”, “potential” and similar expressions. Forward- looking statements are necessarily based on estimates and assumptions made by us in light of our experience and perception of historical trends, current conditions and expected future developments, as well as the factors we believe are appropriate. Forward-looking statements include but are not limited to statements relating to: the successful launch of addition of products to the Company’s portfolio. Such statements reflect our current views with respect to future events and are subject to risks and uncertainties and are necessarily based upon a number of estimates and assumptions that, while considered reasonable by Aequus, are inherently subject to significant business, economic, competitive, political and social uncertainties and contingencies. Many factors could cause our actual results, performance or achievements to be materially different from any future results, performance, or achievements that may be expressed or implied by such forward-looking statements. In making the forward looking statements included in this release, the Company has made various material assumptions, including, but not limited to: obtaining positive results of clinical trials; obtaining regulatory approvals; general business and economic conditions; the assumption that the Company’s current good relationships with its manufacturer and other third parties will be maintained; the availability of financing on reasonable terms; the Company’s ability to attract and retain skilled staff; market competition; the products and technology offered by the Company’s competitors; and the Company’s ability to protect patents and proprietary rights. In evaluating forward looking statements, current and prospective shareholders should specifically consider various factors set out herein and under the heading “Risk Factors” in the Company’s Annual Information Form dated April 28, 2020, a copy of which is available on Aequus’ profile on the SEDAR website at www.sedar.com, and as otherwise disclosed from time to time on Aequus’ SEDAR profile. Should one or more of these risks or uncertainties, or a risk that is not currently known to us materialize, or should assumptions underlying those forward-looking statements prove incorrect, actual results may vary materially from those described herein. These forward-looking statements are made as of the date of this release and we do not intend, and do not assume any obligation, to update these forward-looking statements, except as required by applicable securities laws. Investors are cautioned that forward-looking statements are not guarantees of future performance and are inherently uncertain. Accordingly, investors are cautioned not to put undue reliance on forward looking statements.CONTACT INFORMATIONAequus Investor RelationsEmail: investors@aequuspharma.caPhone: 604-336-7906

  • Aequus Provides Third Quarter 2020 Financial Highlights
    GlobeNewswire

    Aequus Provides Third Quarter 2020 Financial Highlights

    Record Third Quarter Revenues – 67% Increase Over Same Period Last YearVANCOUVER, British Columbia, Nov. 30, 2020 (GLOBE NEWSWIRE) -- Aequus Pharmaceuticals Inc. (TSX-V: AQS, OTCQB: AQSZF) (“Aequus” or the “Company”), a specialty pharmaceutical company with a focus on developing, advancing and promoting differentiated products, today reported financial results for the three months ended September 30, 2020 (“Q3 2020”) and associated Company developments. Unless otherwise noted, all figures are in Canadian currency. “We are very encouraged by our performance in the third quarter” said Doug Janzen, Charmain and CEO of Aequus. “We saw strong revenue growth from both PrVistitan™ and Tacrolimus and our losses were sharply reduced by 62% over the same period last year. We have received Health Canada approval for 2 Evolve-branded Dry Eye products. These two products were both approved as medical devices and make up approximately 75% of our roughly $9M peak revenue forecast for the Evolve line. Late on Friday, Health Canada informed us that the 3rd Evolve product would not be approved as a medical device, and should be resubmitted as an OTC (Over-the-Counter) product. We will meet with our regulatory consultants and partners at Medicom and determine if pursuing an OTC approval for this single product makes commercial sense, given that additional Dry Eye products are already under consideration. We are confident that continued growth from our existing products and the Evolve launches will positively contribute to our bottom-line going forward into 2021.”General UpdateRevenues in the third quarter in 2020 were $618,984 (2019 - $370,799), a 67% increase over the same quarter in 2019 (“Q3 2019”). The increase can be primarily attributed to an increase in market access and general increases in sales as PrVistitan™ and Tacrolimus continue to increase market share. Notable business highlights since July 1, 2020 are as follows:    * On October 16, 2020, the Company agreed to a contract extension under modified terms for its promotional service agreement with Sandoz Canada Inc. for Tacrolimus IR to December 31st, 2021. Aequus began promotional efforts in December 2015 for Sandoz’s generic tacrolimus, and has since achieved over 10x growth of the product in Canada through increased brand awareness, new patient adoption programs, and leveraging conversion experience and relationships across provinces. Aequus and Sandoz continue to have discussions regarding expanding the relationship beyond the first two products. The Company has progressed discussions with potential buying groups active in eye care and we expect our Aequus Eye Care E-Commerce platform will go live before year end. * On August 6, 2020 the Company closed a public offering and issued 31,250,000 Units at a price of $0.08 per Unit for aggregate gross proceeds of $2,500,000. Each Unit is comprised of one common share in the capital of the Company and one-half of one common share purchase warrant of the Company (each whole common share purchase warrant, a "Warrant"). Each Warrant entitles the holder thereof to purchase one Common Share at an exercise price of C$0.12 per Common Share until expiry on August 6, 2023. The Company looks to continue leveraging its existing core capabilities and commercial infrastructure to expand its presence and product offerings within ophthalmology and optometry. Aequus has positioned itself as a key partner for international companies looking to access the Canadian marketplace. The Company will continue its strategy of adding to its existing product portfolio through promotional partnership agreements, asset acquisitions, and in-licenses.Operating expenses for the three months ended September 30, 2020The Company reported a net loss of $251,921 in Q3 2020, a decrease of 62% from the net loss of $660,532 in Q3 2019. The loss for the nine months ended September 30, 2020 (“YTD 2020”) was $879,984, a decrease of 57% from the net loss of $2,068,750 for the nine months ended September 30, 2019. Highlights from the quarter are as follows: * Sales and marketing costs in Q3 2020 were $292,343 when compared to $417,950 in Q3 2019, a decrease of 30% or $125,607. The majority of the decrease in Q3 2020 was related to the reduction in the salesforce and travel expense resulting from COVID response. Non-cash expenses for depreciation and amortization and share-based payments in Q3 2020 were $1,812 and $47,938 respectively, compared to $47,327 and $13,474 in Q3 2019. * Research and development project maintenance expenses in Q3 2020 were $12,997 when compared to $57,280 in Q3 2019, a decrease of $44,283. The majority the decrease was attributable to the decrease in management costs and patent and intellectual property protection costs and is a result of our focus on revenue generating ophthalmology products as opposed to development programs. * General administration expenses in Q3 2020 were $582,525 when compared to $560,291 in Q3 2019, an increase of $22,234. The Company showed significant cost reductions in travel as well as legal and professional expenses in Q3 2020 totaling $79,162, which were offset by the expenses related to the convertible debenture. ABOUT AEQUUS PHARMACEUTICALS INC.Aequus Pharmaceuticals Inc. (TSX-V: AQS, OTCQB: AQSZF) is a growing specialty pharmaceutical company focused on developing and commercializing high quality, differentiated products. Aequus has grown its sales and marketing efforts to include several commercial products in ophthalmology and transplant. Aequus plans to build on its Canadian commercial platform through the launch of additional products that are either created internally or brought in through an acquisition or license; remaining focused on highly specialized therapeutic areas. For further information, please visit www.aequuspharma.ca.FORWARD-LOOKING STATEMENT DISCLAIMERThis release may contain forward-looking statements or forward-looking information under applicable Canadian securities legislation that may not be based on historical fact, including, without limitation, statements containing the words “believe”, “may”, “plan”, “will”, “estimate”, “continue”, “anticipate”, “intend”, “expect”, “potential”, “strong” and similar expressions. Forward- looking statements are necessarily based on estimates and assumptions made by us in light of our experience and perception of historical trends, current conditions and expected future developments, as well as the factors we believe are appropriate. Forward-looking statements include but are not limited to statements relating to: the implementation of our business model and strategic plans; revenue growth trends into the future; expected timing for product launch; the Company’s expected revenues; the regulatory approval of the Evolve line of products expected to start in 2020 or early 2021. Such statements reflect our current views with respect to future events and are subject to risks and uncertainties and are necessarily based upon a number of estimates and assumptions that, while considered reasonable by Aequus, are inherently subject to significant business, economic, competitive, political and social uncertainties and contingencies. Many factors could cause our actual results, performance or achievements to be materially different from any future results, performance, or achievements that may be expressed or implied by such forward-looking statements. In making the forward looking statements included in this release, the Company has made various material assumptions, including, but not limited to: obtaining positive results of clinical trials; obtaining regulatory approvals; general business and economic conditions; the Company’s ability to successfully out license or sell its current products and in-license and develop new products; the assumption that the Company’s current good relationships with its manufacturer and other third parties will be maintained; the availability of financing on reasonable terms; the Company’s ability to attract and retain skilled staff; market competition; the products and technology offered by the Company’s competitors; and the Company’s ability to protect patents and proprietary rights. In evaluating forward looking statements, current and prospective shareholders should specifically consider various factors set out herein and under the heading “Risk Factors” in the Company’s Annual Information Form dated April 28, 2020, a copy of which is available on Aequus’ profile on the SEDAR website at www.sedar.com, and as otherwise disclosed from time to time on Aequus’ SEDAR profile. Should one or more of these risks or uncertainties, or a risk that is not currently known to us materialize, or should assumptions underlying those forward-looking statements prove incorrect, actual results may vary materially from those described herein. These forward-looking statements are made as of the date of this release and we do not intend, and do not assume any obligation, to update these forward-looking statements, except as required by applicable securities laws. Investors are cautioned that forward-looking statements are not guarantees of future performance and are inherently uncertain. Accordingly, investors are cautioned not to put undue reliance on forward looking statements.VistitanTM: Trademark owned or used under license by Sandoz Canada Inc.CONTACT INFORMATION Aequus Investor Relations Email: investors@aequuspharma.ca   Phone: 604-336-7906