earnings
confidence high
sentiment neutral
materiality 0.70
ProMIS Neurosciences reports FY2025 net loss of $39.7M; Phase 1b fully enrolled, $75.5M financing closed
ProMIS Neurosciences Inc.
- Net loss of $39.7M in FY2025; R&D expense soared to $33.4M from $10.6M a year ago, driven by PRECISE-AD trial.
- Cash of $6.1M at Dec 31, 2025; subsequent $75.5M private placement in Feb 2026 provides cash runway through 2027.
- PRECISE-AD Phase 1b enrollment completed with 144 patients; six-month blinded interim data expected early Q3 2026.
- PMN310 continues to show favorable safety profile with no treatment-related SAEs reported after over 12 months of dosing.
- PMN310 granted FDA Fast Track Designation in July 2025; goal to advance directly into a single registrational study.