$NERV
Minerva Neurosciences, Inc.

2022 Q4 Form 10-Q Financial Statement

#000095017022023496 Filed on November 09, 2022

View on sec.gov

Income Statement

Concept 2022 Q4 2022 Q3 2021 Q3
Revenue $0.00 $0.00 $0.00
YoY Change
Cost Of Revenue
YoY Change
Gross Profit
YoY Change
Gross Profit Margin
Selling, General & Admin $1.880M $2.840M $3.005M
YoY Change -28.54% -5.49% -12.91%
% of Gross Profit
Research & Development $3.190M $2.367M $4.513M
YoY Change -82.98% -47.54% -2.74%
% of Gross Profit
Depreciation & Amortization $6.380K $2.130K $0.00
YoY Change
% of Gross Profit
Operating Expenses $5.070M $5.207M $7.518M
YoY Change -76.28% -30.73% -7.08%
Operating Profit -$5.207M -$7.518M
YoY Change -30.73% -7.08%
Interest Expense $269.5K $182.2K -$700.00
YoY Change -61338.64% -26121.43% -96.5%
% of Operating Profit
Other Income/Expense, Net -$1.926M -$1.875M -$1.687M
YoY Change 11.17% 11.17%
Pretax Income -$6.726M -$6.900M -$9.205M
YoY Change -70.9% -25.04% 13.51%
Income Tax
% Of Pretax Income
Net Earnings -$6.726M -$6.900M -$9.205M
YoY Change -68.43% -25.04% 13.47%
Net Earnings / Revenue
Basic Earnings Per Share -$1.29 -$0.22
Diluted Earnings Per Share -$1.26 -$1.29 -$0.22
COMMON SHARES
Basic Shares Outstanding 5.340M 5.340M 42.72M
Diluted Shares Outstanding 5.340M 42.72M

Balance Sheet

Concept 2022 Q4 2022 Q3 2021 Q3
SHORT-TERM ASSETS
Cash & Short-Term Investments $36.09M $40.22M $65.59M
YoY Change -40.59% -38.68% 101.81%
Cash & Equivalents $36.09M $40.22M $65.59M
Short-Term Investments
Other Short-Term Assets $4.065M $4.621M $1.850M
YoY Change 181.07% 149.71% -25.98%
Inventory
Prepaid Expenses $848.1K $1.404M
Receivables
Other Receivables
Total Short-Term Assets $40.16M $44.84M $67.44M
YoY Change -35.44% -33.51% 92.68%
LONG-TERM ASSETS
Property, Plant & Equipment $16.33K $0.00
YoY Change -100.0%
Goodwill $14.87M $14.87M $14.87M
YoY Change 0.0% 0.0%
Intangibles $15.20M
YoY Change
Long-Term Investments
YoY Change
Other Assets $0.00
YoY Change
Total Long-Term Assets $14.93M $14.92M $30.12M
YoY Change 0.05% -50.47% -0.26%
TOTAL ASSETS
Total Short-Term Assets $40.16M $44.84M $67.44M
Total Long-Term Assets $14.93M $14.92M $30.12M
Total Assets $55.09M $59.76M $97.56M
YoY Change -28.57% -38.75% 49.63%
SHORT-TERM LIABILITIES
YoY Change
Accounts Payable $969.7K $532.9K $1.201M
YoY Change -47.68% -55.61% 71.5%
Accrued Expenses $407.9K $1.664M $1.882M
YoY Change -57.76% -11.6% -59.95%
Deferred Revenue
YoY Change
Short-Term Debt $0.00 $0.00 $0.00
YoY Change
Long-Term Debt Due
YoY Change
Total Short-Term Liabilities $1.378M $2.197M $3.083M
YoY Change -51.13% -28.74% -42.91%
LONG-TERM LIABILITIES
Long-Term Debt $0.00 $0.00 $0.00
YoY Change
Other Long-Term Liabilities $73.73M $71.81M $64.59M
YoY Change 11.17% 11.17%
Total Long-Term Liabilities $73.73M $71.81M $64.59M
YoY Change 11.17% 11.17%
TOTAL LIABILITIES
Total Short-Term Liabilities $1.378M $2.197M $3.083M
Total Long-Term Liabilities $73.73M $71.81M $64.59M
Total Liabilities $75.11M $74.00M $69.48M
YoY Change 8.63% 6.51% 865.31%
SHAREHOLDERS EQUITY
Retained Earnings -$366.8M -$360.1M -$313.4M
YoY Change 9.59% 14.9% 12.94%
Common Stock $346.8M $345.8M
YoY Change 1.2%
Preferred Stock
YoY Change
Treasury Stock (at cost)
YoY Change
Treasury Stock Shares
Shareholders Equity -$20.02M -$14.25M $28.08M
YoY Change
Total Liabilities & Shareholders Equity $55.09M $59.76M $97.56M
YoY Change -28.57% -38.75% 49.58%

Cashflow Statement

Concept 2022 Q4 2022 Q3 2021 Q3
OPERATING ACTIVITIES
Net Income -$6.726M -$6.900M -$9.205M
YoY Change -68.43% -25.04% 13.47%
Depreciation, Depletion And Amortization $6.380K $2.130K $0.00
YoY Change
Cash From Operating Activities -$4.110M -$9.534M -$8.627M
YoY Change -14.96% 10.52% -12.6%
INVESTING ACTIVITIES
Capital Expenditures $16.33K
YoY Change
Acquisitions
YoY Change
Other Investing Activities $0.00 $0.00
YoY Change -100.0%
Cash From Investing Activities -$16.33K $0.00 $0.00
YoY Change -100.0%
FINANCING ACTIVITIES
Cash Dividend Paid
YoY Change
Common Stock Issuance & Retirement, Net
YoY Change
Debt Paid & Issued, Net
YoY Change
Cash From Financing Activities 0.000 0.000 0.000
YoY Change -100.0%
NET CHANGE
Cash From Operating Activities -4.110M -9.534M -8.627M
Cash From Investing Activities -16.33K 0.000 0.000
Cash From Financing Activities 0.000 0.000 0.000
Net Change In Cash -4.126M -9.534M -8.627M
YoY Change -14.62% 10.52% -3295.05%
FREE CASH FLOW
Cash From Operating Activities -$4.110M -$9.534M -$8.627M
Capital Expenditures $16.33K
Free Cash Flow -$4.126M
YoY Change

Facts In Submission

Frame Concept Type Concept / XBRL Key Value Unit
dei Entity Central Index Key
EntityCentralIndexKey
0001598646
CY2021Q4 us-gaap Commitments And Contingencies
CommitmentsAndContingencies
dei Amendment Flag
AmendmentFlag
false
dei Current Fiscal Year End Date
CurrentFiscalYearEndDate
--12-31
dei Document Fiscal Period Focus
DocumentFiscalPeriodFocus
Q3
CY2022Q3 us-gaap Liabilities Current
LiabilitiesCurrent
2196859
CY2022Q3 us-gaap Preferred Stock Value
PreferredStockValue
CY2022Q3 us-gaap Commitments And Contingencies
CommitmentsAndContingencies
CY2021Q4 us-gaap Preferred Stock Value
PreferredStockValue
dei Document Type
DocumentType
10-Q
dei Document Quarterly Report
DocumentQuarterlyReport
true
dei Document Period End Date
DocumentPeriodEndDate
2022-09-30
dei Document Fiscal Year Focus
DocumentFiscalYearFocus
2022
dei Document Transition Report
DocumentTransitionReport
false
dei Entity File Number
EntityFileNumber
001-36517
dei Entity Registrant Name
EntityRegistrantName
Minerva Neurosciences, Inc.
dei Entity Incorporation State Country Code
EntityIncorporationStateCountryCode
DE
dei Entity Tax Identification Number
EntityTaxIdentificationNumber
26-0784194
dei Entity Address Address Line1
EntityAddressAddressLine1
1500 District Avenue
dei Entity Address City Or Town
EntityAddressCityOrTown
Burlington
dei Entity Address State Or Province
EntityAddressStateOrProvince
MA
dei Entity Address Postal Zip Code
EntityAddressPostalZipCode
01803
dei City Area Code
CityAreaCode
617
dei Local Phone Number
LocalPhoneNumber
600-7373
dei Security12b Title
Security12bTitle
Common Stock, $0.0001 par value per share
dei Trading Symbol
TradingSymbol
NERV
dei Security Exchange Name
SecurityExchangeName
NASDAQ
dei Entity Current Reporting Status
EntityCurrentReportingStatus
Yes
dei Entity Interactive Data Current
EntityInteractiveDataCurrent
Yes
dei Entity Filer Category
EntityFilerCategory
Non-accelerated Filer
dei Entity Small Business
EntitySmallBusiness
true
dei Entity Emerging Growth Company
EntityEmergingGrowthCompany
false
dei Entity Shell Company
EntityShellCompany
false
CY2022Q4 dei Entity Common Stock Shares Outstanding
EntityCommonStockSharesOutstanding
5340193
CY2022Q3 us-gaap Cash And Cash Equivalents At Carrying Value
CashAndCashEquivalentsAtCarryingValue
40220008
CY2021Q4 us-gaap Cash And Cash Equivalents At Carrying Value
CashAndCashEquivalentsAtCarryingValue
60755080
CY2022Q3 us-gaap Restricted Cash Current
RestrictedCashCurrent
100000
CY2021Q4 us-gaap Restricted Cash Current
RestrictedCashCurrent
100000
CY2022Q3 nerv Refundable Regulatory Fee Current
RefundableRegulatoryFeeCurrent
3117218
CY2022Q3 us-gaap Prepaid Expense Current
PrepaidExpenseCurrent
1403532
CY2021Q4 us-gaap Prepaid Expense Current
PrepaidExpenseCurrent
1346359
CY2022Q3 us-gaap Assets Current
AssetsCurrent
44840758
CY2021Q4 us-gaap Assets Current
AssetsCurrent
62201439
CY2022Q3 us-gaap Capitalized Computer Software Net
CapitalizedComputerSoftwareNet
48952
CY2021Q4 us-gaap Capitalized Computer Software Net
CapitalizedComputerSoftwareNet
51080
CY2022Q3 us-gaap Goodwill
Goodwill
14869399
CY2021Q4 us-gaap Goodwill
Goodwill
14869399
CY2022Q3 us-gaap Assets
Assets
59759109
CY2021Q4 us-gaap Assets
Assets
77121918
CY2022Q3 us-gaap Accounts Payable Current
AccountsPayableCurrent
532888
CY2021Q4 us-gaap Accounts Payable Current
AccountsPayableCurrent
1853215
CY2022Q3 us-gaap Accounts Payable And Other Accrued Liabilities Current
AccountsPayableAndOtherAccruedLiabilitiesCurrent
1663971
CY2021Q4 us-gaap Accounts Payable And Other Accrued Liabilities Current
AccountsPayableAndOtherAccruedLiabilitiesCurrent
965739
CY2021Q4 us-gaap Liabilities Current
LiabilitiesCurrent
2818954
CY2022Q3 nerv Liability Related To Sale Of Future Royalties
LiabilityRelatedToSaleOfFutureRoyalties
71808096
CY2021Q4 nerv Liability Related To Sale Of Future Royalties
LiabilityRelatedToSaleOfFutureRoyalties
66327321
CY2022Q3 us-gaap Liabilities
Liabilities
74004955
CY2021Q4 us-gaap Liabilities
Liabilities
69146275
CY2022Q3 us-gaap Preferred Stock Par Or Stated Value Per Share
PreferredStockParOrStatedValuePerShare
0.0001
CY2021Q4 us-gaap Preferred Stock Par Or Stated Value Per Share
PreferredStockParOrStatedValuePerShare
0.0001
CY2022Q3 us-gaap Preferred Stock Shares Authorized
PreferredStockSharesAuthorized
100000000
CY2021Q4 us-gaap Preferred Stock Shares Authorized
PreferredStockSharesAuthorized
100000000
CY2022Q3 us-gaap Preferred Stock Shares Issued
PreferredStockSharesIssued
0
CY2022Q3 us-gaap Preferred Stock Shares Outstanding
PreferredStockSharesOutstanding
0
CY2021Q4 us-gaap Preferred Stock Shares Issued
PreferredStockSharesIssued
0
CY2021Q4 us-gaap Preferred Stock Shares Outstanding
PreferredStockSharesOutstanding
0
CY2022Q3 us-gaap Common Stock Par Or Stated Value Per Share
CommonStockParOrStatedValuePerShare
0.0001
CY2021Q4 us-gaap Common Stock Par Or Stated Value Per Share
CommonStockParOrStatedValuePerShare
0.0001
CY2022Q3 us-gaap Common Stock Shares Authorized
CommonStockSharesAuthorized
125000000
CY2021Q4 us-gaap Common Stock Shares Authorized
CommonStockSharesAuthorized
125000000
CY2022Q3 us-gaap Common Stock Shares Issued
CommonStockSharesIssued
5340193
CY2022Q3 us-gaap Common Stock Shares Outstanding
CommonStockSharesOutstanding
5340193
CY2021Q4 us-gaap Common Stock Shares Issued
CommonStockSharesIssued
5340196
CY2021Q4 us-gaap Common Stock Shares Outstanding
CommonStockSharesOutstanding
5340196
CY2022Q3 us-gaap Common Stock Value
CommonStockValue
534
CY2021Q4 us-gaap Common Stock Value
CommonStockValue
534
CY2022Q3 us-gaap Additional Paid In Capital Common Stock
AdditionalPaidInCapitalCommonStock
345837638
CY2021Q4 us-gaap Additional Paid In Capital Common Stock
AdditionalPaidInCapitalCommonStock
342676508
CY2022Q3 us-gaap Retained Earnings Accumulated Deficit
RetainedEarningsAccumulatedDeficit
-360084018
CY2021Q4 us-gaap Retained Earnings Accumulated Deficit
RetainedEarningsAccumulatedDeficit
-334701399
CY2022Q3 us-gaap Stockholders Equity
StockholdersEquity
-14245846
CY2021Q4 us-gaap Stockholders Equity
StockholdersEquity
7975643
CY2022Q3 us-gaap Liabilities And Stockholders Equity
LiabilitiesAndStockholdersEquity
59759109
CY2021Q4 us-gaap Liabilities And Stockholders Equity
LiabilitiesAndStockholdersEquity
77121918
CY2022Q3 us-gaap Research And Development Expense
ResearchAndDevelopmentExpense
2367364
CY2021Q3 us-gaap Research And Development Expense
ResearchAndDevelopmentExpense
4512853
us-gaap Research And Development Expense
ResearchAndDevelopmentExpense
11459205
us-gaap Research And Development Expense
ResearchAndDevelopmentExpense
13292488
CY2022Q3 us-gaap General And Administrative Expense
GeneralAndAdministrativeExpense
2839784
CY2021Q3 us-gaap General And Administrative Expense
GeneralAndAdministrativeExpense
3004765
us-gaap General And Administrative Expense
GeneralAndAdministrativeExpense
8702390
us-gaap General And Administrative Expense
GeneralAndAdministrativeExpense
10695944
CY2022Q3 us-gaap Operating Expenses
OperatingExpenses
5207148
CY2021Q3 us-gaap Operating Expenses
OperatingExpenses
7517618
us-gaap Operating Expenses
OperatingExpenses
20161595
us-gaap Operating Expenses
OperatingExpenses
23988432
CY2022Q3 us-gaap Operating Income Loss
OperatingIncomeLoss
-5207148
CY2021Q3 us-gaap Operating Income Loss
OperatingIncomeLoss
-7517618
us-gaap Operating Income Loss
OperatingIncomeLoss
-20161595
us-gaap Operating Income Loss
OperatingIncomeLoss
-23988432
CY2022Q3 us-gaap Foreign Currency Transaction Gain Loss Before Tax
ForeignCurrencyTransactionGainLossBeforeTax
2063
CY2021Q3 us-gaap Weighted Average Number Of Shares Outstanding Basic
WeightedAverageNumberOfSharesOutstandingBasic
5340196
CY2021Q3 us-gaap Weighted Average Number Of Diluted Shares Outstanding
WeightedAverageNumberOfDilutedSharesOutstanding
5340196
CY2021Q3 us-gaap Foreign Currency Transaction Gain Loss Before Tax
ForeignCurrencyTransactionGainLossBeforeTax
-4855
us-gaap Foreign Currency Transaction Gain Loss Before Tax
ForeignCurrencyTransactionGainLossBeforeTax
-135
us-gaap Foreign Currency Transaction Gain Loss Before Tax
ForeignCurrencyTransactionGainLossBeforeTax
-28708
CY2022Q3 us-gaap Investment Income Interest
InvestmentIncomeInterest
180091
CY2021Q3 us-gaap Investment Income Interest
InvestmentIncomeInterest
4156
us-gaap Investment Income Interest
InvestmentIncomeInterest
259886
us-gaap Investment Income Interest
InvestmentIncomeInterest
12822
CY2022Q3 nerv Non Cash Interest Expense For The Sale Of Future Royalties
NonCashInterestExpenseForTheSaleOfFutureRoyalties
1875482
CY2021Q3 nerv Non Cash Interest Expense For The Sale Of Future Royalties
NonCashInterestExpenseForTheSaleOfFutureRoyalties
1687090
nerv Non Cash Interest Expense For The Sale Of Future Royalties
NonCashInterestExpenseForTheSaleOfFutureRoyalties
5480775
nerv Non Cash Interest Expense For The Sale Of Future Royalties
NonCashInterestExpenseForTheSaleOfFutureRoyalties
4594985
CY2022Q3 us-gaap Net Income Loss
NetIncomeLoss
-6900476
CY2021Q3 us-gaap Net Income Loss
NetIncomeLoss
-9205407
us-gaap Net Income Loss
NetIncomeLoss
-25382619
us-gaap Net Income Loss
NetIncomeLoss
-28599303
CY2022Q3 us-gaap Earnings Per Share Basic
EarningsPerShareBasic
-1.29
CY2022Q3 us-gaap Earnings Per Share Diluted
EarningsPerShareDiluted
-1.29
CY2021Q3 us-gaap Earnings Per Share Basic
EarningsPerShareBasic
-1.72
CY2021Q3 us-gaap Earnings Per Share Diluted
EarningsPerShareDiluted
-1.72
us-gaap Earnings Per Share Basic
EarningsPerShareBasic
-4.75
us-gaap Earnings Per Share Diluted
EarningsPerShareDiluted
-4.75
us-gaap Earnings Per Share Basic
EarningsPerShareBasic
-5.36
us-gaap Earnings Per Share Diluted
EarningsPerShareDiluted
-5.36
CY2022Q3 us-gaap Weighted Average Number Of Shares Outstanding Basic
WeightedAverageNumberOfSharesOutstandingBasic
5340193
CY2022Q3 us-gaap Weighted Average Number Of Diluted Shares Outstanding
WeightedAverageNumberOfDilutedSharesOutstanding
5340193
us-gaap Weighted Average Number Of Shares Outstanding Basic
WeightedAverageNumberOfSharesOutstandingBasic
5340195
us-gaap Weighted Average Number Of Diluted Shares Outstanding
WeightedAverageNumberOfDilutedSharesOutstanding
5340195
us-gaap Weighted Average Number Of Shares Outstanding Basic
WeightedAverageNumberOfSharesOutstandingBasic
5340196
us-gaap Weighted Average Number Of Diluted Shares Outstanding
WeightedAverageNumberOfDilutedSharesOutstanding
5340196
CY2020Q4 us-gaap Stockholders Equity
StockholdersEquity
52662601
CY2021Q1 us-gaap Adjustments To Additional Paid In Capital Sharebased Compensation Requisite Service Period Recognition Value
AdjustmentsToAdditionalPaidInCapitalSharebasedCompensationRequisiteServicePeriodRecognitionValue
1516064
CY2021Q1 us-gaap Net Income Loss
NetIncomeLoss
-8804733
CY2021Q1 us-gaap Stockholders Equity
StockholdersEquity
45373932
CY2021Q2 us-gaap Adjustments To Additional Paid In Capital Sharebased Compensation Requisite Service Period Recognition Value
AdjustmentsToAdditionalPaidInCapitalSharebasedCompensationRequisiteServicePeriodRecognitionValue
1384060
CY2021Q2 us-gaap Net Income Loss
NetIncomeLoss
-10589163
CY2021Q2 us-gaap Stockholders Equity
StockholdersEquity
36168829
CY2021Q3 us-gaap Adjustments To Additional Paid In Capital Sharebased Compensation Requisite Service Period Recognition Value
AdjustmentsToAdditionalPaidInCapitalSharebasedCompensationRequisiteServicePeriodRecognitionValue
1114526
CY2021Q3 us-gaap Net Income Loss
NetIncomeLoss
-9205407
CY2021Q3 us-gaap Stockholders Equity
StockholdersEquity
28077948
CY2021Q4 us-gaap Stockholders Equity
StockholdersEquity
7975643
CY2022Q1 us-gaap Adjustments To Additional Paid In Capital Sharebased Compensation Requisite Service Period Recognition Value
AdjustmentsToAdditionalPaidInCapitalSharebasedCompensationRequisiteServicePeriodRecognitionValue
1052656
CY2022Q1 us-gaap Net Income Loss
NetIncomeLoss
-9764429
CY2022Q1 us-gaap Stockholders Equity
StockholdersEquity
-736130
CY2022Q2 us-gaap Adjustments To Additional Paid In Capital Sharebased Compensation Requisite Service Period Recognition Value
AdjustmentsToAdditionalPaidInCapitalSharebasedCompensationRequisiteServicePeriodRecognitionValue
1071605
CY2022Q2 us-gaap Adjustments To Additional Paid In Capital Stock Split
AdjustmentsToAdditionalPaidInCapitalStockSplit
5
CY2022Q2 us-gaap Net Income Loss
NetIncomeLoss
-8717714
CY2022Q2 us-gaap Stockholders Equity
StockholdersEquity
-8382244
CY2022Q3 us-gaap Adjustments To Additional Paid In Capital Sharebased Compensation Requisite Service Period Recognition Value
AdjustmentsToAdditionalPaidInCapitalSharebasedCompensationRequisiteServicePeriodRecognitionValue
1036874
CY2022Q3 us-gaap Net Income Loss
NetIncomeLoss
-6900476
CY2022Q3 us-gaap Stockholders Equity
StockholdersEquity
-14245846
us-gaap Profit Loss
ProfitLoss
-25382619
us-gaap Profit Loss
ProfitLoss
-28599303
us-gaap Operating Lease Right Of Use Asset Amortization Expense
OperatingLeaseRightOfUseAssetAmortizationExpense
101786
us-gaap Capitalized Computer Software Amortization1
CapitalizedComputerSoftwareAmortization1
2128
us-gaap Share Based Compensation
ShareBasedCompensation
3161135
us-gaap Share Based Compensation
ShareBasedCompensation
4014650
nerv Non Cash Interest Expense For Sale Of Future Royalties
NonCashInterestExpenseForSaleOfFutureRoyalties
5480775
nerv Non Cash Interest Expense For Sale Of Future Royalties
NonCashInterestExpenseForSaleOfFutureRoyalties
4594985
us-gaap Increase Decrease In Regulatory Liabilities
IncreaseDecreaseInRegulatoryLiabilities
-3117218
nerv Increase Decrease In Prepaid Expense Other Current Assets
IncreaseDecreaseInPrepaidExpenseOtherCurrentAssets
57173
nerv Increase Decrease In Prepaid Expense Other Current Assets
IncreaseDecreaseInPrepaidExpenseOtherCurrentAssets
-232813
nerv Increase Decrease In Capitalized Software
IncreaseDecreaseInCapitalizedSoftware
-51080
us-gaap Increase Decrease In Other Noncurrent Assets
IncreaseDecreaseInOtherNoncurrentAssets
-14808
us-gaap Increase Decrease In Accounts Payable
IncreaseDecreaseInAccountsPayable
-1320327
us-gaap Increase Decrease In Accounts Payable
IncreaseDecreaseInAccountsPayable
204895
us-gaap Increase Decrease In Accrued Liabilities
IncreaseDecreaseInAccruedLiabilities
698232
us-gaap Increase Decrease In Accrued Liabilities
IncreaseDecreaseInAccruedLiabilities
-171158
nerv Increase Decrease In Operating Lease Liabilities Current
IncreaseDecreaseInOperatingLeaseLiabilitiesCurrent
-111229
us-gaap Net Cash Provided By Used In Operating Activities
NetCashProvidedByUsedInOperatingActivities
-20535067
us-gaap Net Cash Provided By Used In Operating Activities
NetCashProvidedByUsedInOperatingActivities
-19768833
nerv Payments Of Fees Paid In Connection With Reverse Stock Split Fractional Shares
PaymentsOfFeesPaidInConnectionWithReverseStockSplitFractionalShares
5
nerv Proceeds From Sale Of Future Royalties
ProceedsFromSaleOfFutureRoyalties
60000000
us-gaap Net Cash Provided By Used In Financing Activities
NetCashProvidedByUsedInFinancingActivities
-5
us-gaap Net Cash Provided By Used In Financing Activities
NetCashProvidedByUsedInFinancingActivities
60000000
us-gaap Cash Cash Equivalents Restricted Cash And Restricted Cash Equivalents Period Increase Decrease Including Exchange Rate Effect
CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalentsPeriodIncreaseDecreaseIncludingExchangeRateEffect
-20535072
us-gaap Cash Cash Equivalents Restricted Cash And Restricted Cash Equivalents Period Increase Decrease Including Exchange Rate Effect
CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalentsPeriodIncreaseDecreaseIncludingExchangeRateEffect
40231167
CY2021Q4 us-gaap Cash Cash Equivalents Restricted Cash And Restricted Cash Equivalents Including Disposal Group And Discontinued Operations
CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalentsIncludingDisposalGroupAndDiscontinuedOperations
60855080
CY2020Q4 us-gaap Cash Cash Equivalents Restricted Cash And Restricted Cash Equivalents Including Disposal Group And Discontinued Operations
CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalentsIncludingDisposalGroupAndDiscontinuedOperations
25456952
CY2022Q3 us-gaap Cash Cash Equivalents Restricted Cash And Restricted Cash Equivalents Including Disposal Group And Discontinued Operations
CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalentsIncludingDisposalGroupAndDiscontinuedOperations
40320008
CY2021Q3 us-gaap Cash Cash Equivalents Restricted Cash And Restricted Cash Equivalents Including Disposal Group And Discontinued Operations
CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalentsIncludingDisposalGroupAndDiscontinuedOperations
65688119
CY2022Q3 us-gaap Cash And Cash Equivalents At Carrying Value
CashAndCashEquivalentsAtCarryingValue
40220008
CY2021Q3 us-gaap Cash And Cash Equivalents At Carrying Value
CashAndCashEquivalentsAtCarryingValue
65588119
CY2022Q3 us-gaap Restricted Cash Current
RestrictedCashCurrent
100000
CY2021Q3 us-gaap Restricted Cash Current
RestrictedCashCurrent
100000
CY2022Q3 us-gaap Cash Cash Equivalents Restricted Cash And Restricted Cash Equivalents
CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalents
40320008
CY2021Q3 us-gaap Cash Cash Equivalents Restricted Cash And Restricted Cash Equivalents
CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalents
65688119
us-gaap Nature Of Operations
NatureOfOperations
<p style="text-indent:0.0%;font-size:10.0pt;margin-top:12.0pt;line-height:1.15;font-family:Times New Roman;margin-bottom:0.0pt;text-align:left;"><span style="background-color:rgba(0,0,0,0);color:rgba(0,0,0,1);white-space:pre-wrap;font-weight:bold;font-size:10.0pt;font-family:&quot;Times New Roman&quot;, serif;min-width:fit-content;">NOTE 1 — NATURE OF OPERATIONS AND LIQUIDITY</span></p><p style="margin-left:2.267%;text-indent:0.0%;font-size:10.0pt;margin-top:12.0pt;line-height:1.15;font-family:Times New Roman;margin-bottom:0.0pt;text-align:left;"><span style="background-color:rgba(0,0,0,0);color:rgba(0,0,0,1);white-space:pre-wrap;font-weight:bold;font-size:10.0pt;font-family:&quot;Times New Roman&quot;, serif;font-style:italic;min-width:fit-content;">Nature of Operations</span></p><p style="text-indent:0.0%;font-size:10.0pt;margin-top:12.0pt;line-height:1.15;font-family:Times New Roman;margin-bottom:0.0pt;text-align:left;"><span style="background-color:rgba(0,0,0,0);color:rgba(0,0,0,1);white-space:pre-wrap;font-weight:normal;font-size:10.0pt;font-family:&quot;Times New Roman&quot;, serif;min-width:fit-content;">Minerva Neurosciences, Inc. (“Minerva” or the “Company”) is a clinical-stage biopharmaceutical company focused on the development and commercialization of product candidates to treat patients suffering from central nervous system (“CNS”) diseases. The Company’s lead product candidate is roluperidone (f/k/a MIN-101), a compound the Company is developing for the treatment of negative symptoms in patients with schizophrenia. The Company holds the license to roluperidone from Mitsubishi Tanabe Pharma Corporation (“MTPC”) with the rights to develop, sell and import roluperidone globally, excluding most of Asia. The Company also has exclusive rights to develop and commercialize MIN-301, a compound for the treatment of Parkinson’s disease. In addition, Minerva previously co-developed seltorexant (f/k/a MIN-202 or JNJ-42847922) with Janssen Pharmaceutica NV (“Janssen”) for the treatment of insomnia disorder and adjunctive treatment of Major Depressive Disorder (“MDD”). During 2020 Minerva exercised its right to opt out of the joint development agreement with Janssen for the future development of seltorexant. As a result, the Company was entitled to collect royalties in the mid-single digits on potential future worldwide sales of seltorexant in certain indications, with no further financial obligations to Janssen. In January 2021, the Company sold its rights to these potential royalties to Royalty Pharma plc (“Royalty Pharma”). For further discussion of the joint development agreement with Janssen and the sale of future royalties, please refer to Note 5, Sale of Future Royalties.</span></p><p style="margin-left:2.267%;text-indent:0.0%;font-size:10.0pt;margin-top:12.0pt;line-height:1.15;font-family:Times New Roman;margin-bottom:0.0pt;text-align:left;"><span style="background-color:rgba(0,0,0,0);color:rgba(0,0,0,1);white-space:pre-wrap;font-weight:bold;font-size:10.0pt;font-family:&quot;Times New Roman&quot;, serif;font-style:italic;min-width:fit-content;">Liquidity</span></p><p style="text-indent:0.0%;font-size:10.0pt;margin-top:12.0pt;line-height:1.15;font-family:Times New Roman;margin-bottom:0.0pt;text-align:left;"><span style="background-color:rgba(0,0,0,0);color:rgba(0,0,0,1);white-space:pre-wrap;font-weight:normal;font-size:10.0pt;font-family:&quot;Times New Roman&quot;, serif;min-width:fit-content;">The accompanying interim condensed consolidated financial statements have been prepared as though the Company will continue as a going concern, which contemplates the realization of assets and satisfaction of liabilities in the normal course of business. The Company has limited capital resources and has incurred recurring operating losses and negative cash flows from operations since inception. As of September 30, 2022, the Company had an accumulated deficit of approximately</span><span style="background-color:rgba(0,0,0,0);color:rgba(0,0,0,1);white-space:pre-wrap;font-weight:normal;font-size:12.0pt;font-family:&quot;Times New Roman&quot;, serif;min-width:fit-content;"> </span><span style="background-color:rgba(0,0,0,0);color:rgba(0,0,0,1);white-space:pre-wrap;font-weight:normal;font-size:10.0pt;font-family:&quot;Times New Roman&quot;, serif;min-width:fit-content;">$</span><span style="font-size:10.0pt;font-family:&quot;Times New Roman&quot;, serif;background-color:rgba(0,0,0,0);color:rgba(0,0,0,1);white-space:pre-wrap;font-weight:normal;font-size:10.0pt;font-family:&quot;Times New Roman&quot;, serif;min-width:fit-content;">360.1</span><span style="background-color:rgba(0,0,0,0);color:rgba(0,0,0,1);white-space:pre-wrap;font-weight:normal;font-size:10.0pt;font-family:&quot;Times New Roman&quot;, serif;min-width:fit-content;"> million and net cash used in operating activities was approximately </span><span style="background-color:rgba(0,0,0,0);color:rgba(0,0,0,1);white-space:pre-wrap;font-weight:normal;font-size:10.0pt;font-family:&quot;Times New Roman&quot;, serif;min-width:fit-content;">$</span><span style="font-size:10.0pt;font-family:&quot;Times New Roman&quot;, serif;background-color:rgba(0,0,0,0);color:rgba(0,0,0,1);white-space:pre-wrap;font-weight:normal;font-size:10.0pt;font-family:&quot;Times New Roman&quot;, serif;min-width:fit-content;">20.5</span><span style="background-color:rgba(0,0,0,0);color:rgba(0,0,0,1);white-space:pre-wrap;font-weight:normal;font-size:10.0pt;font-family:&quot;Times New Roman&quot;, serif;min-width:fit-content;"> million during the nine months ended September 30, 2022. Management expects to continue to incur operating losses and negative cash flows from operations in the future. The Company has financed its operations to date from proceeds from the sale of common stock, warrants, loans, convertible promissory notes, collaboration agreements and royalty sales.</span></p><p style="text-indent:0.0%;font-size:10.0pt;margin-top:12.0pt;line-height:1.15;font-family:Times New Roman;margin-bottom:0.0pt;text-align:left;"><span style="background-color:rgba(0,0,0,0);color:rgba(0,0,0,1);white-space:pre-wrap;font-weight:normal;font-size:10.0pt;font-family:&quot;Times New Roman&quot;, serif;min-width:fit-content;">As of September 30, 2022, the Company had cash, cash equivalents, and restricted cash of </span><span style="background-color:rgba(0,0,0,0);color:rgba(0,0,0,1);white-space:pre-wrap;font-weight:normal;font-size:10.0pt;font-family:&quot;Times New Roman&quot;, serif;min-width:fit-content;">$</span><span style="font-size:10.0pt;font-family:&quot;Times New Roman&quot;, serif;background-color:rgba(0,0,0,0);color:rgba(0,0,0,1);white-space:pre-wrap;font-weight:normal;font-size:10.0pt;font-family:&quot;Times New Roman&quot;, serif;min-width:fit-content;">40.3</span><span style="background-color:rgba(0,0,0,0);color:rgba(0,0,0,1);white-space:pre-wrap;font-weight:normal;font-size:10.0pt;font-family:&quot;Times New Roman&quot;, serif;min-width:fit-content;"> million. The Company believes that its existing cash, cash equivalents, and restricted cash will be sufficient to meet its cash commitments for at least the next 12 months after the date that the interim condensed consolidated financial statements are issued. The process of drug development can be costly and the timing and outcomes of clinical trials is uncertain. The assumptions upon which the Company has based its estimates are routinely evaluated and may be subject to change. The actual amount of the Company’s expenditures will vary depending upon a number of factors including but not limited to the design, timing and duration of future clinical trials, the progress of the Company’s research and development programs, the infrastructure to support a commercial enterprise, the cost of a commercial product launch, and the level of financial resources available. The Company has the ability to adjust its operating plan spending levels based on the timing of future clinical trials, which will be predicated upon adequate funding to complete the trials.</span></p><p style="text-indent:0.0%;font-size:10.0pt;margin-top:12.0pt;line-height:1.15;font-family:Times New Roman;margin-bottom:0.0pt;text-align:left;"><span style="background-color:rgba(0,0,0,0);color:rgba(0,0,0,1);white-space:pre-wrap;font-weight:normal;font-size:10.0pt;font-family:&quot;Times New Roman&quot;, serif;min-width:fit-content;">The Company will need to raise additional capital in order to continue to fund operations and fully fund any potential later stage clinical development programs. The Company believes that it will be able to obtain additional working capital through equity financings or other arrangements to fund future operations; however, there can be no assurance that such additional financing, if available, can be obtained on terms acceptable to the Company. Further, if the Company does not satisfy The Nasdaq Capital Market continued listing requirements, its common stock may be subject to delisting, which could impact the Company’s ability to complete additional equity financings on terms acceptable to the Company. If the Company is unable to obtain such additional financing, future operations would need to be scaled back or discontinued.</span></p><p style="margin-left:2.267%;text-indent:0.0%;font-size:10.0pt;margin-top:12.0pt;line-height:1.15;font-family:Times New Roman;margin-bottom:0.0pt;text-align:left;"><span style="background-color:rgba(0,0,0,0);color:rgba(0,0,0,1);white-space:pre-wrap;font-weight:bold;font-size:10.0pt;font-family:&quot;Times New Roman&quot;, serif;font-style:italic;min-width:fit-content;">Significant Risks and Uncertainties</span></p><p style="margin-left:2.267%;text-indent:0.0%;font-size:10.0pt;margin-top:12.0pt;line-height:1.15;font-family:Times New Roman;margin-bottom:0.0pt;text-align:left;"><span style="background-color:rgba(0,0,0,0);color:rgba(0,0,0,1);white-space:pre-wrap;font-weight:normal;font-size:10.0pt;font-family:&quot;Times New Roman&quot;, serif;font-style:italic;min-width:fit-content;">COVID-19 Pandemic</span></p><p style="text-indent:0.0%;font-size:10.0pt;margin-top:12.0pt;line-height:1.15;font-family:Times New Roman;margin-bottom:0.0pt;text-align:left;"><span style="background-color:rgba(0,0,0,0);color:rgba(0,0,0,1);white-space:pre-wrap;font-weight:normal;font-size:10.0pt;font-family:&quot;Times New Roman&quot;, serif;min-width:fit-content;">The Company’s business could be adversely affected by the effects of the ongoing COVID-19 pandemic. Beginning in late 2019 and continuing into 2022, the outbreak of COVID-19 has resulted in the declaration of a global pandemic and adversely affected economic activity across virtually all sectors and industries on a local, national, and global scale. While global vaccination efforts are underway and certain jurisdictions, including Massachusetts, have reopened businesses and governmental agencies, we are unable to accurately predict the full impact that COVID-19 will have due to numerous uncertainties, including the duration of the outbreak, the result of vaccination efforts, resurgence of the virus, actions that may be taken by governmental authorities, the impact on our business including our clinical programs and timelines, and the impact to the business of our service providers and partners.</span><span style="color:rgba(0,0,0,1);white-space:pre-wrap;font-weight:normal;font-size:10.0pt;font-family:&quot;Times New Roman&quot;, serif;min-width:fit-content;"> </span></p><p style="text-indent:0.0%;font-size:10.0pt;margin-top:12.0pt;line-height:1.15;font-family:Times New Roman;margin-bottom:0.0pt;text-align:left;"><span style="background-color:rgba(0,0,0,0);color:rgba(0,0,0,1);white-space:pre-wrap;font-weight:normal;font-size:10.0pt;font-family:&quot;Times New Roman&quot;, serif;min-width:fit-content;">While the COVID-19 pandemic has not had a material adverse impact on the Company’s operations to date, this disruption, if sustained or recurrent, together with rising interest rates, could have a material adverse effect on the Company’s operating results, its ability to raise capital needed to develop and commercialize products and the Company’s overall financial condition. In addition, a recession or market correction resulting from the spread of the coronavirus could materially affect the value of the Company’s common stock. The impact of the COVID-19 pandemic may also exacerbate other risks discussed in this Quarterly Report on Form 10-Q. Refer to Item 1A. “Risk Factors” in this Quarterly Report on Form 10-Q for a complete description of the material risks that the Company currently faces.</span></p>
CY2022Q3 us-gaap Retained Earnings Accumulated Deficit
RetainedEarningsAccumulatedDeficit
-360100000
us-gaap Net Cash Provided By Used In Operating Activities
NetCashProvidedByUsedInOperatingActivities
-20500000
CY2022Q3 nerv Cash Cash Equivalents Restricted Cash And Marketable Securities
CashCashEquivalentsRestrictedCashAndMarketableSecurities
40300000
CY2022Q2 us-gaap Common Stock Shares Authorized
CommonStockSharesAuthorized
125000000
CY2022Q2 us-gaap Stock Issued During Period Shares Reverse Stock Splits
StockIssuedDuringPeriodSharesReverseStockSplits
42721566
CY2022Q2 us-gaap Stock Issued During Period Shares Reverse Stock Splits
StockIssuedDuringPeriodSharesReverseStockSplits
5340193
us-gaap Stockholders Equity Reverse Stock Split
StockholdersEquityReverseStockSplit
The Company’s common stock began trading on The Nasdaq Global Market on a split-adjusted basis when the market opened on June 21, 2022. Effective September 12, 2022, the Company transferred the listing of its common stock from The Nasdaq Global Market to The Nasdaq Capital Market.
us-gaap Use Of Estimates
UseOfEstimates
<p style="margin-left:2.267%;text-indent:0.0%;font-size:10.0pt;margin-top:12.0pt;line-height:1.15;font-family:Times New Roman;margin-bottom:0.0pt;text-align:left;"><span style="background-color:rgba(0,0,0,0);color:rgba(0,0,0,1);white-space:pre-wrap;font-weight:bold;font-size:10.0pt;font-family:&quot;Times New Roman&quot;, serif;font-style:italic;min-width:fit-content;">Use of estimates</span></p><p style="text-indent:0.0%;font-size:10.0pt;margin-top:12.0pt;line-height:1.15;font-family:Times New Roman;margin-bottom:0.0pt;text-align:left;"><span style="background-color:rgba(0,0,0,0);color:rgba(0,0,0,1);white-space:pre-wrap;font-weight:normal;font-size:10.0pt;font-family:&quot;Times New Roman&quot;, serif;min-width:fit-content;">The preparation of financial statements in conformity with GAAP requires management to make estimates and assumptions that affect the reported amounts of assets and liabilities and disclosures of contingent assets and liabilities at the date of the financial statements and the reported amounts of expenses during the reporting period. Actual results could differ from those estimates.</span></p>
CY2022Q3 us-gaap Restricted Cash Current
RestrictedCashCurrent
100000
CY2021Q4 us-gaap Restricted Cash Current
RestrictedCashCurrent
100000
CY2022Q3 nerv User Fees Paid
UserFeesPaid
3117218
CY2022Q3 nerv Accrued Research And Development Costs And Other Expenses Current
AccruedResearchAndDevelopmentCostsAndOtherExpensesCurrent
116338
CY2021Q4 nerv Accrued Research And Development Costs And Other Expenses Current
AccruedResearchAndDevelopmentCostsAndOtherExpensesCurrent
902803
CY2022Q3 us-gaap Accrued Bonuses Current
AccruedBonusesCurrent
1143199
CY2022Q3 us-gaap Accrued Professional Fees Current
AccruedProfessionalFeesCurrent
338129
CY2021Q4 us-gaap Accrued Professional Fees Current
AccruedProfessionalFeesCurrent
62936
CY2022Q3 us-gaap Accrued Vacation Current
AccruedVacationCurrent
66305
CY2022Q3 us-gaap Accounts Payable And Other Accrued Liabilities Current
AccountsPayableAndOtherAccruedLiabilitiesCurrent
1663971
CY2021Q4 us-gaap Accounts Payable And Other Accrued Liabilities Current
AccountsPayableAndOtherAccruedLiabilitiesCurrent
965739
CY2022Q3 us-gaap Net Income Loss
NetIncomeLoss
-6900476
CY2021Q3 us-gaap Net Income Loss
NetIncomeLoss
-9205407
us-gaap Net Income Loss
NetIncomeLoss
-25382619
us-gaap Net Income Loss
NetIncomeLoss
-28599303
CY2022Q3 us-gaap Weighted Average Number Of Shares Outstanding Basic
WeightedAverageNumberOfSharesOutstandingBasic
5340193
CY2022Q3 us-gaap Weighted Average Number Of Diluted Shares Outstanding
WeightedAverageNumberOfDilutedSharesOutstanding
5340193
CY2021Q3 us-gaap Weighted Average Number Of Shares Outstanding Basic
WeightedAverageNumberOfSharesOutstandingBasic
5340196
CY2021Q3 us-gaap Weighted Average Number Of Diluted Shares Outstanding
WeightedAverageNumberOfDilutedSharesOutstanding
5340196
us-gaap Weighted Average Number Of Shares Outstanding Basic
WeightedAverageNumberOfSharesOutstandingBasic
5340195
us-gaap Weighted Average Number Of Diluted Shares Outstanding
WeightedAverageNumberOfDilutedSharesOutstanding
5340195
us-gaap Weighted Average Number Of Diluted Shares Outstanding
WeightedAverageNumberOfDilutedSharesOutstanding
5340196
us-gaap Weighted Average Number Of Diluted Shares Outstanding
WeightedAverageNumberOfDilutedSharesOutstanding
5340196
CY2022Q3 us-gaap Earnings Per Share Basic
EarningsPerShareBasic
-1.29
CY2022Q3 us-gaap Earnings Per Share Diluted
EarningsPerShareDiluted
-1.29
CY2021Q3 us-gaap Earnings Per Share Basic
EarningsPerShareBasic
-1.72
CY2021Q3 us-gaap Earnings Per Share Diluted
EarningsPerShareDiluted
-1.72
us-gaap Earnings Per Share Basic
EarningsPerShareBasic
-4.75
us-gaap Earnings Per Share Diluted
EarningsPerShareDiluted
-4.75
us-gaap Earnings Per Share Basic
EarningsPerShareBasic
-5.36
us-gaap Earnings Per Share Diluted
EarningsPerShareDiluted
-5.36
CY2021Q1 nerv Liability Related To The Sale Of Future Royalties
LiabilityRelatedToTheSaleOfFutureRoyalties
60000000
CY2021Q1 nerv Annual Interest Rate On Interest Expense
AnnualInterestRateOnInterestExpense
0.105
CY2022Q3 nerv Annual Interest Rate On Interest Expense
AnnualInterestRateOnInterestExpense
0.107
nerv Upfront Payment Paid
UpfrontPaymentPaid
60000000
nerv Non Cash Interest Expense For Sale Of Future Royalties
NonCashInterestExpenseForSaleOfFutureRoyalties
11808096
CY2022Q3 nerv Liability Related To The Sale Of Future Royalties
LiabilityRelatedToTheSaleOfFutureRoyalties
71808096
CY2016Q1 us-gaap Warrants Not Settleable In Cash Fair Value Disclosure
WarrantsNotSettleableInCashFairValueDisclosure
200000
us-gaap Share Based Compensation Arrangement By Share Based Payment Award Options Grants In Period Weighted Average Grant Date Fair Value
ShareBasedCompensationArrangementByShareBasedPaymentAwardOptionsGrantsInPeriodWeightedAverageGrantDateFairValue
14.94
us-gaap Share Based Compensation Arrangement By Share Based Payment Award Options Exercises In Period Total Intrinsic Value
ShareBasedCompensationArrangementByShareBasedPaymentAwardOptionsExercisesInPeriodTotalIntrinsicValue
0
us-gaap Share Based Compensation Arrangement By Share Based Payment Award Fair Value Assumptions Expected Dividend Rate
ShareBasedCompensationArrangementByShareBasedPaymentAwardFairValueAssumptionsExpectedDividendRate
0
CY2022Q3 us-gaap Allocated Share Based Compensation Expense
AllocatedShareBasedCompensationExpense
1036874
CY2021Q3 us-gaap Allocated Share Based Compensation Expense
AllocatedShareBasedCompensationExpense
1114526
us-gaap Allocated Share Based Compensation Expense
AllocatedShareBasedCompensationExpense
3161135
us-gaap Allocated Share Based Compensation Expense
AllocatedShareBasedCompensationExpense
4014650

Files In Submission

Name View Source Status
0000950170-22-023496-index-headers.html Edgar Link pending
0000950170-22-023496-index.html Edgar Link pending
0000950170-22-023496.txt Edgar Link pending
0000950170-22-023496-xbrl.zip Edgar Link pending
Financial_Report.xlsx Edgar Link pending
FilingSummary.xml Edgar Link unprocessable
MetaLinks.json Edgar Link pending
nerv-20220930.htm Edgar Link pending
nerv-20220930.xsd Edgar Link pending
nerv-ex31_1.htm Edgar Link pending
nerv-ex31_2.htm Edgar Link pending
nerv-ex32_1.htm Edgar Link pending
R1.htm Edgar Link pending
R10.htm Edgar Link pending
R11.htm Edgar Link pending
R12.htm Edgar Link pending
R13.htm Edgar Link pending
R14.htm Edgar Link pending
R15.htm Edgar Link pending
R16.htm Edgar Link pending
R17.htm Edgar Link pending
R18.htm Edgar Link pending
R19.htm Edgar Link pending
R2.htm Edgar Link pending
R20.htm Edgar Link pending
R21.htm Edgar Link pending
R22.htm Edgar Link pending
R23.htm Edgar Link pending
R24.htm Edgar Link pending
R25.htm Edgar Link pending
R26.htm Edgar Link pending
R27.htm Edgar Link pending
R28.htm Edgar Link pending
R29.htm Edgar Link pending
R3.htm Edgar Link pending
R30.htm Edgar Link pending
R31.htm Edgar Link pending
R32.htm Edgar Link pending
R33.htm Edgar Link pending
R34.htm Edgar Link pending
R35.htm Edgar Link pending
R36.htm Edgar Link pending
R37.htm Edgar Link pending
R38.htm Edgar Link pending
R4.htm Edgar Link pending
R5.htm Edgar Link pending
R6.htm Edgar Link pending
R7.htm Edgar Link pending
R8.htm Edgar Link pending
R9.htm Edgar Link pending
report.css Edgar Link pending
Show.js Edgar Link pending
nerv-20220930_cal.xml Edgar Link unprocessable
nerv-20220930_def.xml Edgar Link unprocessable
nerv-20220930_lab.xml Edgar Link unprocessable
nerv-20220930_pre.xml Edgar Link unprocessable
nerv-20220930_htm.xml Edgar Link completed