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SOPHIRIS BIO INC.

No Longer Reporting

The company has not filed an annual or quarterly report since its Q3 FY2019 10-Q, filed Nov 8, 2019. Its latest SEC filing is a SEC STAFF ACTION from Sep 1, 2022.

The sections below describe the company as of the FY2018 annual report.

What Did They Do?

Develops an injectable drug candidate for localized prostate cancer and urinary symptoms caused by an enlarged prostate, for patients with prostate conditions.

How Did They Make Money?

No revenue was reported.

Who Were Their Customers?

Kissei is a customer under an agreement granting it rights to develop and commercialize topsalysin in Japan. If approved, Sophiris planned to reach U.S. customers through its own or a contract urology sales force or a partner, and customers outside the U.S. through partners.

How Were They Changing?

Since the FY2018 annual report
Latest quarter: Q3 FY2019, the three months to Sep 30, 2019
Net income
▲ +67% (Loss)
vs −$2.9M in Q3 FY2018
  • Mar 31, 2020 Dismissed PricewaterhouseCoopers as its independent auditor
  • Mar 11, 2020 Nasdaq set the company’s shares for delisting Trading was to be suspended, with OTCQB trading expected to continue.

Development priority The older report discussed development for both BPH and prostate cancer, with a further BPH trial still under consideration and a follow-on prostate cancer study planned. The latest report makes prostate cancer the development priority and leaves further BPH trials contingent on added funding or a partner.

Who Did They Compete With?

Competes with Nymox Pharmaceuticals, Astellas Pharma, Sanofi, Pfizer, Watson Pharmaceuticals, GlaxoSmithKline, Merck &, Eli Lilly and, NxThera, Procept BioRobotics, and Light Sciences Oncology

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