Profile
Sector:
HealthcareIndustry:
BiotechnologyCountry:
United StatesIPO:
01 July 2014Next earnings report:
21 February 2025Last dividends:
N/ANext dividends:
N/APrice
after hours | Thu, 14 Nov 2024 23:13:14 GMTDividend
Analysts recommendations
Institutional Ownership
NERV Latest News
Minerva Neurosciences (NERV) has been upgraded to a Zacks Rank #2 (Buy), indicating increasing confidence in the company's earnings outlook. This could potentially lead to an uptick in the stock price in the short run.
Minerva Neurosciences said on Tuesday the U.S. Food and Drug Administration has declined to approve its experimental drug for the treatment of negative symptoms in patients with schizophrenia.
Minerva Neurosciences has raised $20M through a private placement at a premium to market prices. Boehringer Ingelheim participated in the private placement. Boehringer is itself developing a drug for schizophrenia, albeit for cognitive impairments associated with schizophrenia. NERV has six months until the PDUFA goal date for its roluperidone application but used only $4M in cash in operating activities in Q2, so cash isn't currently a concern.
Minerva Neurosciences (NERV) appears to have found support after losing some value lately, as indicated by the formation of a hammer chart. In addition to this technical chart pattern, strong agreement among Wall Street analysts in revising earnings estimates higher enhances the stock's potential for a turnaround in the near term.
NERV has once again run on the submission of an NDA for roluperidone for the treatment of negative symptoms in schizophrenia. There will be no Refusal to File letter this time, with NERV using a dispute resolution process to its advantage.
Minerva Neurosciences (NERV) has been upgraded to a Zacks Rank #2 (Buy), reflecting growing optimism about the company's earnings prospects. This might drive the stock higher in the near term.
What type of business is Minerva Neurosciences?
Minerva Neurosciences, Inc., a clinical-stage biopharmaceutical company, focuses on the development and commercialization of product candidates for the treatment of central nervous system diseases. Its lead product candidate is roluperidone (MIN-101) for the treatment of negative symptoms in patients with schizophrenia, currently submitted an New Drug Application (NDA); and MIN-301, a soluble recombinant form of the neuregulin-1b1 protein for the treatment of Parkinson's disease and other neurodegenerative disorders. The company has a license agreement with Mitsubishi Tanabe Pharma Corporation to develop, sell, and import roluperidone globally excluding Asia. Minerva Neurosciences, Inc. was incorporated in 2007 and is based in Burlington, Massachusetts.
What sector is Minerva Neurosciences in?
Minerva Neurosciences is in the Healthcare sector
What industry is Minerva Neurosciences in?
Minerva Neurosciences is in the Biotechnology industry
What country is Minerva Neurosciences from?
Minerva Neurosciences is headquartered in United States
When did Minerva Neurosciences go public?
Minerva Neurosciences initial public offering (IPO) was on 01 July 2014
What is Minerva Neurosciences website?
https://www.minervaneurosciences.com
Is Minerva Neurosciences in the S&P 500?
No, Minerva Neurosciences is not included in the S&P 500 index
Is Minerva Neurosciences in the NASDAQ 100?
No, Minerva Neurosciences is not included in the NASDAQ 100 index
Is Minerva Neurosciences in the Dow Jones?
No, Minerva Neurosciences is not included in the Dow Jones index
When was Minerva Neurosciences the previous earnings report?
No data
When does Minerva Neurosciences earnings report?
The next expected earnings date for Minerva Neurosciences is 21 February 2025