Jupiter Neurosciences, Inc.

General Information
Business:

(Note: Jupiter Neurosciences, Inc., postponed its unit IPO on Thursday (Feb. 10, 2022) due to market conditions; the deal was tentatively scheduled for pricing after the close on Feb. 10. Previously: Jupiter Neurosciences cut the size of its unit IPO to 2.2 million units, down from 3.33 million units, and increased the price range to $6 to $8, up from $5 to $7, in an S-1/A filing dated Jan. 26, 2022. Each unit consists of one share of common stock and one warrant to buy one share of common stock. The proposed symbols are: “JUNS” for the stock and “JUNSW” for the warrants – NASDAQ listing.)

Jupiter Neurosciences, Inc. is a clinical stage research and development pharmaceutical company that has developed a unique resveratrol platform product primarily targeting treatment of neuro-inflammation. The product candidate, called JOTROL™, has many potential indications of use for rare diseases, which we primarily are targeting Mucopolysaccharidoses Type 1, Friedreich’s Ataxia, and MELAS and with ALS in an earlier development stage. In the larger disease areas, we are primarily targeting Mild Cognitive Impairment/early Alzheimer’s disease with an early development program in TBI (traumatic brain injury)/concussions.

In 2020, we received approval for full funding, $1.76 million, for our Phase I study from the National Institute on Aging (“NIA”). We plan to continue pursuing grant funding opportunities in all areas where they are available, such as Phase II and Phase III trials in Alzheimer’s disease as well as any funding available for our rare disease projects. In the NIA scientific review summary statement of our Phase I study application, it is stated that NIA is looking forward to a Phase II study with an enhanced resveratrol product, based on the earlier study results from the well published Turner et al. Alzheimer’s study. We recently submitted a grant application to NIA for full funding, including corporate overhead for a total of $18.3 million, for the duration of the study, of a Phase II trial in Mild Cognitive Impairment (MCI) and early Alzheimer’s disease. There is however no guarantee that this and future grant applications will be successful and therefore the rejection of our future grant application may significantly delay the Company’s plans in connection with MCI and Alzheimer’s and may have a significant impact on the Company’s financial performance. Further, the Company may never receive any future grants or costs savings.

 

Industry: PHARMACEUTICAL PREPARATIONS
Employees: 5
Founded: 2016
Contact Information
Address Jupiter Neurosciences, Inc. 1001 North US HWY 1, Suite 504 Jupiter, Florida 33477
Phone Number (561) 406-6154
Web Address http://www.jupiterneurosciences.com/
View Prospectus: Jupiter Neurosciences, Inc.
Financial Information
Market Cap $61.18mil
Revenues $0 mil (last 12 months)
Net Income $-2.75 mil (last 12 months)
IPO Profile
Symbol JUNS
Exchange NASDAQ
Shares (millions): 2.2
Price range $6.00 - $8.00
Est. $ Volume $15.5 mil
Manager / Joint Managers Roth Capital Partners/ Dawson James Securities
CO-Managers -
Expected To Trade: 2/11/2022
Status: Postponed
Quiet Period Expiration Date:
Lock-Up Period Expiration Date:
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