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PARDES BIOSCIENCES, INC.

pardesbio.com

No Longer Reporting

The company has not filed an annual or quarterly report since its Q2 FY2023 10-Q, filed Aug 4, 2023. Its latest SEC filing is a CT ORDER from Sep 18, 2023.

The sections below describe the company as of the FY2022 annual report.

What Did They Do?

Develops oral antiviral drug candidates for patients with coronavirus disease and other viral diseases.

How Did They Make Money?

No revenue was reported.

How Were They Changing?

Since the FY2022 annual report
Latest quarter: Q2 FY2023, the three months to Jun 30, 2023
Net income
▼ −61% (Loss)
vs −$27.6M in Q2 FY2022
  • Aug 31, 2023 MediPacific completed its acquisition of Pardes Pardes became a wholly owned subsidiary of MediPacific, and its shares ceased trading on Nasdaq.
  • Jul 17, 2023 Pardes agreed to be acquired by MediPacific The deal offered cash per share plus a contingent value right tied to future monetization of antiviral programs and related assets.
  • Apr 3, 2023 Pardes suspended pomotrelvir development after Phase 2 results The drug missed its primary endpoint, and the company said it would explore strategic alternatives.

Who Did They Compete With?

Competes with Gilead Sciences, Pfizer, Merck &, Shionogi, Enanta Pharmaceuticals, and Atea Pharmaceuticals

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