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Healthcare - Biotechnology - NASDAQ - CA
$ 33.54
3.55 %
$ 234 M
Market Cap
-74.53
P/E
1. INTRINSIC VALUE

This DCF valuation model was last updated on Jan, 30, 2025.

The intrinsic value of one DRUG stock under the worst case scenario is HIDDEN Compared to the current market price of 33.5 USD, Bright Minds Biosciences Inc. is HIDDEN

This DCF valuation model was last updated on Jan, 30, 2025.

The intrinsic value of one DRUG stock under the base case scenario is HIDDEN Compared to the current market price of 33.5 USD, Bright Minds Biosciences Inc. is HIDDEN

This DCF valuation model was last updated on Jan, 30, 2025.

The intrinsic value of one DRUG stock under the best case scenario is HIDDEN Compared to the current market price of 33.5 USD, Bright Minds Biosciences Inc. is HIDDEN

2. FUNDAMENTAL ANALYSIS
FINANCIALS
0 REVENUE
0.00%
-7.21 M OPERATING INCOME
51.06%
-2.8 M NET INCOME
61.99%
-1.85 M OPERATING CASH FLOW
73.66%
0 INVESTING CASH FLOW
0.00%
811 K FINANCING CASH FLOW
-62.98%
0 REVENUE
0.00%
0 OPERATING INCOME
0.00%
-773 K NET INCOME
-336.42%
-463 K OPERATING CASH FLOW
-192.86%
0 INVESTING CASH FLOW
0.00%
-23.6 K FINANCING CASH FLOW
-7.29%
Balance Sheet Bright Minds Biosciences Inc.
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Current Assets 5.99 M
Cash & Short-Term Investments 5.72 M
Receivables 50.2 K
Other Current Assets 217 K
Non-Current Assets 118 K
Long-Term Investments 0
PP&E 118 K
Other Non-Current Assets 0
Current Liabilities 529 K
Accounts Payable 408 K
Short-Term Debt 79.4 K
Other Current Liabilities 41.8 K
Non-Current Liabilities 39.6 K
Long-Term Debt 39.6 K
Other Non-Current Liabilities 0
EFFICIENCY
Earnings Waterfall Bright Minds Biosciences Inc.
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Revenue 0
Cost Of Revenue 72.4 K
Gross Profit -72.4 K
Operating Expenses 7.21 M
Operating Income -7.21 M
Other Expenses -4.41 M
Net Income -2.8 M
RATIOS
0.00% GROSS MARGIN
0.00%
0.00% OPERATING MARGIN
0.00%
0.00% NET MARGIN
0.00%
0.00% ROE
0.00%
0.00% ROA
0.00%
0.00% ROIC
0.00%
FREE CASH FLOW ANALYSIS
Free Cash Flow Analysis Bright Minds Biosciences Inc.
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Net Income -2.8 M
Depreciation & Amortization 73.4 K
Capital Expenditures 0
Stock-Based Compensation 840 K
Change in Working Capital 39.8 K
Others 51.9 K
Free Cash Flow -1.85 M
3. WALL STREET ANALYSTS ESTIMATES
Wall Street Analysts Price Targets Bright Minds Biosciences Inc.
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Wall Street analysts predict an average 1-year price target for DRUG of $85 , with forecasts ranging from a low of $85 to a high of $85 .
DRUG Lowest Price Target Wall Street Target
85 USD 153.43%
DRUG Average Price Target Wall Street Target
85 USD 153.43%
DRUG Highest Price Target Wall Street Target
85 USD 153.43%
4. DIVIDEND ANALYSIS
5. COMPETITION
6. Ownership
Insider Ownership Bright Minds Biosciences Inc.
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Sold
0-3 MONTHS
0 USD 0
3-6 MONTHS
0 USD 0
6-9 MONTHS
0 USD 0
9-12 MONTHS
0 USD 0
Bought
4 M USD 1
0-3 MONTHS
3.23 M USD 1
3-6 MONTHS
0 USD 0
6-9 MONTHS
0 USD 0
9-12 MONTHS
Date Value Insider Amount Avg Price
2 months ago
Nov 04, 2024
Bought 4 M USD
Cormorant Asset Management, LP
10 percent owner
+ 184331
21.7 USD
3 months ago
Oct 16, 2024
Bought 78.4 K USD
Cormorant Asset Management, LP
10 percent owner
+ 3107
25.222 USD
3 months ago
Oct 16, 2024
Bought 172 K USD
Cormorant Asset Management, LP
10 percent owner
+ 7150
24.03 USD
3 months ago
Oct 16, 2024
Bought 923 K USD
Cormorant Asset Management, LP
10 percent owner
+ 39743
23.215 USD
3 months ago
Oct 15, 2024
Bought 56.9 K USD
Cormorant Asset Management, LP
10 percent owner
+ 4609
12.3513 USD
3 months ago
Oct 15, 2024
Bought 225 K USD
Cormorant Asset Management, LP
10 percent owner
+ 19169
11.7169 USD
3 months ago
Oct 15, 2024
Bought 25 K USD
Cormorant Asset Management, LP
10 percent owner
+ 2700
9.2624 USD
3 months ago
Oct 15, 2024
Bought 22.9 K USD
Cormorant Asset Management, LP
10 percent owner
+ 2600
8.804 USD
3 months ago
Oct 15, 2024
Bought 65 K USD
Cormorant Asset Management, LP
10 percent owner
+ 8900
7.3052 USD
3 months ago
Oct 15, 2024
Bought 214 K USD
Cormorant Asset Management, LP
10 percent owner
+ 33343
6.4247 USD
3 months ago
Oct 15, 2024
Bought 374 K USD
Cormorant Asset Management, LP
10 percent owner
+ 63173
5.924 USD
3 months ago
Oct 15, 2024
Bought 1.08 M USD
Cormorant Asset Management, LP
10 percent owner
+ 238097
4.5304 USD
7. News
Bright Minds Biosciences Appoints Pharmaceutical Leader, Stephen Collins, M.D., Ph.D., as Chief Medical Officer -- Dr. Collins brings extensive drug development and clinical expertise in epilepsy -- NEW YORK and VANCOUVER, British Columbia, Jan. 07, 2025 (GLOBE NEWSWIRE) -- Bright Minds Biosciences, Inc. (“Bright Minds,” “BMB” or the “Company”) (NASDAQ: DRUG), a pioneering company focused on developing highly selective 5-HT2 agonists for the treatment of drug-resistant epilepsy, depression, and other central nervous system (CNS) disorders, today announced that Stephen D. Collins, M.D., Ph.D., will join the Company as Chief Medical Officer (CMO), effective immediately. The Company also announces that Mark A. Smith M.D., Ph.D., will retire from his role as Acting CMO, but will continue to serve in an advisory capacity. globenewswire.com - 3 weeks ago
CANTEX PHARMACEUTICALS RECEIVES FDA ORPHAN DRUG DESIGNATION FOR AZELIRAGON FOR THE TREATMENT OF BRAIN METASTASIS FROM BREAST CANCER WESTON, Fla. , Dec. 9, 2024 /PRNewswire/ -- Cantex Pharmaceuticals, Inc., a clinical-stage pharmaceutical company focused on developing transformative therapies for cancer and other life-threatening medical conditions, announced today that the U.S. Food and Drug Administration (FDA) granted Orphan Drug Designation to Cantex's azeliragon for the treatment of brain metastasis from breast cancer. prnewswire.com - 1 month ago
Meet the Biotech Stock That Has Generated Nvidia-Like Returns in Less Than a Month The reason for the stock's rapid ascent is a mystery. fool.com - 2 months ago
CUMBERLAND PHARMACEUTICALS RECEIVES FDA ORPHAN DRUG AND RARE PEDIATRIC DISEASE DESIGNATIONS FOR NEW TREATMENT OF DUCHENNE MUSCULAR DYSTROPHY NASHVILLE, Tenn. , Nov. 6, 2024 /PRNewswire/ -- Cumberland Pharmaceuticals Inc. (NASDAQ: CPIX), a specialty pharmaceutical company, announced today that the United States (U.S.) Food and Drug Administration (FDA) granted Orphan Drug Designation and Rare Pediatric Disease Designation to Ifetroban for the treatment of cardiomyopathy associated with Duchenne muscular dystrophy (DMD). prnewswire.com - 2 months ago
Bright Minds Biosciences Closes US$35 Million Non-Brokered Private Placement VANCOUVER, British Columbia, Nov. 04, 2024 (GLOBE NEWSWIRE) -- Bright Minds Biosciences Inc. (CSE: DRUG) (NASDAQ: DRUG) (“Bright Minds” or the “Company”) announces that further to its news release of October 18, 2024, the Company has closed a non-brokered private placement of 1,612,902 common shares in the capital of the Company (“Shares”) at a price of USD$21.70 per Share for aggregate gross proceeds of USD$35,000,000 (the “Offering”). globenewswire.com - 2 months ago
Bright Minds Biosciences: BMB-101's Phase 2 Trials Could Unlock Epilepsy Market Potential Bright Minds Biosciences' BMB-101, a 5-HT2C receptor agonist, shows promise in treating drug-resistant epilepsy, with favorable Phase 1 safety and efficacy data. The company's proprietary platform targets serotonin regulation, aiming to create selective therapies with fewer side effects. DRUG's recent $35 million private placement funds Phase 2 trials, enhancing its financial outlook and potential for significant revenue if BMB-101 is successful. seekingalpha.com - 3 months ago
PESG Releases Market Update: Nuvectis Pharma Shows Promising Synergy for NXP900 in Recent Presentations; Growing Anticipation for Upcoming NXP800 Data Update LONDON--(BUSINESS WIRE)---- $DRUG #Nasdaq--Nuvectis Pharma (NASDAQ: NVCT) is gaining momentum following recent presentations at the AACR-NCI-EORTC Symposium, where its SRC/YES1 inhibitor NXP900 demonstrated strong synergy with ALK inhibitors in NSCLC cells that despite being driven by ALK fusions, are resistant to treatment with the market leading ALK Inhibitors, alectinib (marketed by Roche) and lorlatinib (marketed by Pfizer). Meanwhile, NXP800, the company's GCN2 activator, is progressing in a Phase 1b trial. businesswire.com - 3 months ago
Bright Minds Biosciences and Firefly Neuroscience to Collaborate After the BREAKTHROUGH Study: A Phase 2 Trial of BMB-101 in Absence Epilepsy and Developmental Epileptic Encephalopathy for Full Analysis of EEG Data NEW YORK AND VANCOUVER, British Columbia, Oct. 21, 2024 (GLOBE NEWSWIRE) -- Bright Minds Biosciences Inc. (Bright Minds or the Company) (NASDAQ: DRUG), a biotechnology company focused on developing novel therapies for neurological and neuropsychiatric disorders, today announced that it is once again collaborating with Firefly Neuroscience, Inc. (Firefly) (NASDAQ: AIFF), an Artificial Intelligence (AI) company developing innovative solutions that improve brain health outcomes for patients with neurological and mental disorders, to provide a full analysis of the electroencephalogram (EEG) data in the Company's BREAKTHROUGH study, an open-label Phase 2 clinical trial evaluating the safety, tolerability, and efficacy of BMB-101, a highly selective 5-HT2C receptor agonist, in adult patients with classic Absence Epilepsy and Developmental Epileptic Encephalopathy (DEE). globenewswire.com - 3 months ago
Monster insider trading alert for this penny stock that rallied $3,700% in a week This week, the stock market witnessed a peculiar price movement involving biotech firm Bright Minds Biosciences (NASDAQ: DRUG), which skyrocketed to historic levels, and it seems several investors have profited significantly from this momentum. finbold.com - 3 months ago
Bright Minds Biosciences Announces US$35 Million Non-Brokered Private Placement NOT FOR DISTRIBUTION TO U.S. NEWSWIRE SERVICES OR FOR RELEASE, PUBLICATION, DISTRIBUTION OR DISSEMINATION DIRECTLY OR INDIRECTLY, IN WHOLE OR IN PART, IN OR INTO THE UNITED STATES globenewswire.com - 3 months ago
Bright Minds Biosciences proprietary compound, BMB-201, 5-HT2C/2A mixed agonist, demonstrated similar efficacy to morphine in preclinical pain models BMB-201 demonstrated dose-dependent efficacy in pain models BMB-201 demonstrated similar efficacy to morphine in several pain models NEW YORK, Oct. 16, 2024 (GLOBE NEWSWIRE) -- Bright Minds Biosciences Inc. (NASDAQ: DRUG), a pioneering company focused on developing highly selective 5-HT2 agonists for the treatment of drug-resistant epilepsy, depression, and other CNS disorders, is excited to announce positive data from the preclinical testing of BMB-201 completed with National Institute of Health pain screening (PSPP) program. Preclinical pain models included plantar incision and L5/L6 nerve ligation rat models, where the drug candidate was tested along with morphine and gabapentin as positive controls. globenewswire.com - 3 months ago
Why did this penny stock skyrocket 1,500% in a day When most major equities recorded notable losses, the share price of biotech company Bright Minds Biosciences (NASDAQ: DRUG) experienced a meteoric rise, with minimal fundamental factors supporting this momentum. finbold.com - 3 months ago
8. Profile Summary

Bright Minds Biosciences Inc. DRUG

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COUNTRY CA
INDUSTRY Biotechnology
MARKET CAP $ 234 M
Dividend Yield 0.00%
Description Bright Minds Biosciences Inc., a pre-clinical biosciences company, develops 5-HT (serotonin) medicines to improve the lives of patients with severe and life-altering diseases. Its portfolio of selective 5-HT receptor agonists comprises 5-HT2C, 5-HT2A, and 5-HT2C/A for the treatment of epilepsy, pain, and neuropsychiatry. The company has collaboration with National Institutes of Health for the treatment of epilepsy; University of Texas Medical Branch to treat impulse control disorders, such as binge eating; and Medical College of Wisconsin. The company was incorporated in 2019 and is headquartered in Vancouver, Canada.
Contact 1500 – 1055 West Georgia Street, Vancouver, BC, V6E 4N7 https://brightmindsbio.com
IPO Date March 22, 2021
Employees None
Officers Dr. Mark A. Smith M.D., Ph.D. Chief Medical Officer Mr. Ian McDonald Co-Founder, Chief Executive Officer, President & Director Mr. Alex Vasilkevich Chief Operating Officer & Vice President of Corporate Development Mr. Ryan E. S. K. Cheung B.Com., CA, CPA Chief Financial Officer Dr. Emer Leahy M.B.A., Ph.D. Consultant Dr. Jan Torleif Pedersen M.Sc., Ph.D. Chief Science Officer & Director