February 16, 2022

Groundbreaking Drug Treating Nervous System Injuries | NervGen $NGEN $NGENF

Midas Letter
Midas Letter
Groundbreaking Drug Treating Nervous System Injuries | NervGen $NGEN $NGENF
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There are no approved drugs that treat nervous system and spinal injuries past stabilizing the patient. There is nothing proved in the clinic to treat injured patients actually recover. NervGen Pharma Corp (CVE:NGEN, OTCMKTS:NGENF) is looking to change that by developing a new class of “neuroreparative” drugs that enable the nervous system to repair itself.

“There’s no approved products that have nervous system repair. So a patient with a spinal cord injury is taken to the hospital, what the doctor will try and do is stabilize the patient and repair the broken bones by surgically stabilizing the spinal cord. After that, it’s really rehab and in some cases, electrostimulation – which helps restore some of their function. But there’s no pharmaceutical therapy right now and patients aren’t really getting over the hump.” – NervGen Pharma CEO Paul Brennan

The company’s lead drug is named NVG-291. The drug is the only one that enables multiple modes of repair: plasticity, regeneration and remyelination. Currently, the drug is a clinical-stage candidate for treating spinal cord injuries, multiple sclerosis and Alzheimer’s disease.

“For an effective product, $50,000 per year, 6 million patients, that’s a $300 billion potential. To put that in perspective, if you were only to take 10% of that, you’d have a $30 billion product and in 2020 the world’s largest pharmaceutical product was HUMIRA at $20 billion. So that would become one of the world’s largest products overnight.” – NervGen Pharma CEO Paul Brennan

NVG-291 is in a phase 1 study conducted on healthy volunteers. The single ascending dose portion has been completed, and the company is now pursuing phase 1b/2 studies in spinal cord injury, Alzheimer’s disease and multiple sclerosis for the drug. The results of these trials will determine how quickly the product will come to market. NervGen is confident its treatment will be publicly available in a much shorter timeframe than most biotech drugs due to the groundbreaking nature of NVG-291.

Transcript

00:00 – NervGen Pharma $NGEN $NGENF CEO Paul Brennan
00:39 – Business overview
01:04 – Products & clinical trials
01:25 – Total addressable market
02:35 – Pharmaceutical partners
03:18 – Intellectual property (IP)
03:34 – Company story
06:16 – Timeline until treatment availability
07:26 – Economics of business/clinical trials
08:55 – Current approach to treating spinal cord injuries

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