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Healthcare - Biotechnology - NASDAQ - CA
$ 39.61
-7.78 %
$ 241 M
Market Cap
-62.87
P/E
1. INTRINSIC VALUE

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.[ Read More ]

The intrinsic value of one DRUG stock under the base case scenario is HIDDEN Compared to the current market price of 39.6 USD, Bright Minds Biosciences Inc. is HIDDEN

2. FUNDAMENTAL ANALYSIS

Price Chart DRUG

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FINANCIALS
0 REVENUE
0.00%
-7.21 M OPERATING INCOME
51.06%
-7.37 M NET INCOME
50.74%
-7.02 M OPERATING CASH FLOW
48.30%
0 INVESTING CASH FLOW
0.00%
2.19 M FINANCING CASH FLOW
-57.86%
0 REVENUE
0.00%
0 OPERATING INCOME
100.00%
230 K NET INCOME
140.04%
240 K OPERATING CASH FLOW
129.83%
0 INVESTING CASH FLOW
0.00%
-22 K FINANCING CASH FLOW
-0.00%
Balance Sheet Decomposition Bright Minds Biosciences Inc.
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Current Assets 6.81 M
Cash & Short-Term Investments 6.75 M
Receivables 0
Other Current Assets 64.7 K
Non-Current Assets 66.4 K
Long-Term Investments 0
PP&E 66.4 K
Other Non-Current Assets 0
Current Liabilities 281 K
Accounts Payable 182 K
Short-Term Debt 73.5 K
Other Current Liabilities 25 K
Non-Current Liabilities 0
Long-Term Debt 0
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 157 K
Net Income -7.37 M
RATIOS
0.00% GROSS MARGIN
0.00%
0.00% OPERATING MARGIN
0.00%
0.00% NET MARGIN
0.00%
-111.73% ROE
-111.73%
-107.17% ROA
-107.17%
-109.35% ROIC
-109.35%
FREE CASH FLOW ANALYSIS
Free Cash Flow Analysis Bright Minds Biosciences Inc.
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Net Income -7.37 M
Depreciation & Amortization 72.4 K
Capital Expenditures 0
Stock-Based Compensation 1.15 M
Change in Working Capital 256 K
Others -922 K
Free Cash Flow -7.02 M
3. WALL STREET ANALYSTS ESTIMATES
Wall Street Analysts Price Targets Bright Minds Biosciences Inc.
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DRUG has no price targets from Wall Street.
4. DIVIDEND ANALYSIS
0.00% DIVIDEND YIELD
0 USD DIVIDEND PER SHARE
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
7.23 M USD 1
0-3 MONTHS
0 USD 0
3-6 MONTHS
0 USD 0
6-9 MONTHS
0 USD 0
9-12 MONTHS
Date Value Insider Amount Avg Price
1 week ago
Nov 04, 2024
Bought 4 M USD
Cormorant Asset Management, LP
10 percent owner
+ 184331
21.7 USD
1 month ago
Oct 16, 2024
Bought 78.4 K USD
Cormorant Asset Management, LP
10 percent owner
+ 3107
25.222 USD
1 month ago
Oct 16, 2024
Bought 172 K USD
Cormorant Asset Management, LP
10 percent owner
+ 7150
24.03 USD
1 month ago
Oct 16, 2024
Bought 923 K USD
Cormorant Asset Management, LP
10 percent owner
+ 39743
23.215 USD
1 month ago
Oct 15, 2024
Bought 56.9 K USD
Cormorant Asset Management, LP
10 percent owner
+ 4609
12.3513 USD
1 month ago
Oct 15, 2024
Bought 225 K USD
Cormorant Asset Management, LP
10 percent owner
+ 19169
11.7169 USD
1 month ago
Oct 15, 2024
Bought 25 K USD
Cormorant Asset Management, LP
10 percent owner
+ 2700
9.2624 USD
1 month ago
Oct 15, 2024
Bought 22.9 K USD
Cormorant Asset Management, LP
10 percent owner
+ 2600
8.804 USD
1 month ago
Oct 15, 2024
Bought 65 K USD
Cormorant Asset Management, LP
10 percent owner
+ 8900
7.3052 USD
1 month ago
Oct 15, 2024
Bought 214 K USD
Cormorant Asset Management, LP
10 percent owner
+ 33343
6.4247 USD
1 month ago
Oct 15, 2024
Bought 374 K USD
Cormorant Asset Management, LP
10 percent owner
+ 63173
5.924 USD
1 month ago
Oct 15, 2024
Bought 1.08 M USD
Cormorant Asset Management, LP
10 percent owner
+ 238097
4.5304 USD
7. News
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 - 3 days 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 - 1 week 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 - 1 week 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 - 2 weeks 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 - 2 weeks 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 weeks 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 - 4 weeks 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 - 4 weeks 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 - 1 month 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 - 1 month ago
Bright Minds Biosciences Stock Surges Almost 1,500% Bright Minds Biosciences NASDAQ: DRUG, a little-known biotech company, became the talk of the market yesterday after its stock skyrocketed by 1,445% in a single trading session. Typically trading under 1 million shares daily, the stock saw over 100 million shares change hands without any direct news. marketbeat.com - 1 month ago
Canadian psychedelics company Bright Minds shares rise 1,446% in one day Yesterday, Bright Minds Biosciences Inc (CSE:DRUG, OTCQB:BMBIF), a biotech in the field of psychedelics, saw its shares rocket by a frankly psychedelic-looking 1,445.8% to $38.49 from $2.50 at the start of the day.  At the request of the Canadian Investment Regulatory Organization (CIRO), Bright Minds confirmed that management "is unaware of any material changes in the company's operations that would account for the recent increase in market activity". proactiveinvestors.co.uk - 1 month ago
8. Profile Summary

Bright Minds Biosciences Inc. DRUG

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COUNTRY CA
INDUSTRY Biotechnology
MARKET CAP $ 241 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 Mr. Alex Vasilkevich Chief Operating Officer & Vice President of Corporate Development Dr. Emer Leahy M.B.A., Ph.D. Consultant Mr. Ryan E. S. K. Cheung B.Com., CA, CPA Chief Financial Officer Dr. Jan Torleif Pedersen M.Sc., Ph.D. Chief Science Officer & Director Dr. Mark A. Smith M.D., Ph.D. Chief Medical Officer Mr. Ian McDonald Co-Founder, Chief Executive Officer, President & Director