SERNYSEPharmaceutical PreparationsUS GAAP · USD

Serina Therapeutics, Inc.

Serina Therapeutics, Inc. is a U.S.-based clinical-stage biotechnology company developing wholly owned drug candidates for neurological diseases and other indications. Its core platform, POZ, uses a synthetic poly(2-oxazoline) polymer to modify how drugs are loaded and released, with applications across small molecules, RNA-based therapeutics, and antibody-based drug conjugates.

Liikevaihto0,1milj. USD
+132,1 %v/v
Liikevoitto (EBIT)−24,0milj. USD
−40,9 %v/v
EBIT-marginaali−18 478,5%
+11 964,4 %-yks.v/v
Nettotulos−19,2milj. USD
−72,2 %v/v
Vapaa kassavirta−18,0milj. USD
−5,0 %v/v

Tilikausi 2025 · muutos edellisvuodesta

Kehitys 2020–2025

−30−20−10010milj. USD2020: 1,9 milj. USD2020: EBIT −11 milj. USD20202021: 0,14 milj. USD2021: EBIT −7,9 milj. USD20212022: 0,03 milj. USD2022: EBIT −7,0 milj. USD20222023: 0,14 milj. USD2023: EBIT −9,9 milj. USD20232024: 0,06 milj. USD2024: EBIT −17 milj. USD20242025: 0,13 milj. USD2025: EBIT −24 milj. USD20250,13−24
LiikevaihtoLiikevoitto (EBIT)

Liiketoiminta

Osuus liikevaihdosta
POZ platform technology20 %

Synthetic polymer-based formulation technology used to improve drug loading and release control.

Lead clinical candidate SER 25225 %

A neurological disease program intended for advanced Parkinson’s disease.

Other product candidates35 %

Wholly owned preclinical and early clinical assets built on the POZ platform.

Research and development services20 %

Internal discovery, preclinical testing, and clinical development activities.

Asiakkaat

Serina does not yet sell approved products; its near-term counterparties are regulators, clinical investigators, contract manufacturers, and potential development partners. If its programs advance, the end customers would be patients, physicians, and third-party payors in neurological and other therapeutic markets. The company’s commercial model is therefore centered on drug approval, clinical validation, and potential partnering rather than direct product sales today.

Patients with neurological diseases

Future end users of approved therapies such as SER 252, especially in Parkinson’s disease and related indications.

Physicians and specialty clinics

Prescribers who would adopt the therapy if clinical data, safety, and convenience support use.

Regulatory agencies

FDA and other authorities review INDs, clinical data, and marketing applications that determine whether programs can advance.

Pharmaceutical development partners

Potential collaborators or licensees that may fund, develop, or commercialize POZ-enabled candidates.

Contract manufacturers

CMOs and API suppliers that produce clinical and future commercial material for the pipeline.

Strategia

Serina’s strategy is to advance POZ-enabled drug candidates through preclinical and clinical development, starting with SER 252. The company also seeks to preserve optionality through collaborations, licensing, and future commercialization partnerships while building the manufacturing, regulatory, and intellectual property foundation needed for approval. Capital raising remains central to funding development work and extending the pipeline.

Advance SER 252 into clinical developmentLyhyt aikaväli

Lead program progress is the main value driver for a clinical-stage biotech.

Expand the POZ-enabled pipelineKeskipitkä aikaväli

A broader pipeline can diversify scientific risk and create more partnering options.

Strengthen manufacturing and regulatory readinessKeskipitkä aikaväli

Clinical and future commercial supply depend on reproducible processes and compliant facilities.

Maintain financing flexibilityLyhyt aikaväli

Development-stage biotech programs require ongoing external capital before product revenue exists.

Maantiede

Serina is headquartered in the United States and its development, regulatory, and financing activities are centered there. The company’s programs are intended for U.S. and global regulatory pathways, so its commercial footprint will depend on where approvals are obtained and where partners choose to launch products. As a clinical-stage biotech, its geographic exposure is driven more by regulatory jurisdiction and manufacturing sourcing than by current sales geography.

Riskit

Serina faces the core risks of clinical-stage biotechnology: uncertain trial outcomes, regulatory delays, and the possibility that product candidates never reach approval. Its platform and lead program also depend on intellectual property protection, manufacturing execution, and access to capital, while any approved product would still face reimbursement and commercial adoption hurdles. The company’s recent clinical hold on SER 252 illustrates how formulation or regulatory questions can delay development even when the active drug mechanism is not the issue.

Järjestetty vakavuuden mukaan
MatalaKohtalainenKorkeaMatalaKohtalainenKorkeaVaikutus →Todennäköisyys →Regulatory delay or clinical hold1Clinical failure or weak efficacy/safety profile2Financing and dilution risk3Manufacturing and supply-chain execution risk4Intellectual property and freedom-to-operate risk5
Vaikutus on riskin vakavuus ja todennäköisyys sen toteutumisen todennäköisyys lähivuosina, molemmat arvioitu yhtiön raporttien perusteella. Numerot vastaavat listaa.
  1. Regulatory delay or clinical holdVaikutus: KorkeaTodennäköisyys: Korkea

    Drug development depends on FDA acceptance of INDs and trial plans, which can be slowed by data or formulation questions.

    Kohdistuu: SER 252 and future pipeline programs

  2. Clinical failure or weak efficacy/safety profileVaikutus: KorkeaTodennäköisyys: Korkea

    The company’s value depends on demonstrating that POZ-enabled candidates are safe and effective in humans.

    Kohdistuu: Lead and follow-on programs

  3. Financing and dilution riskVaikutus: KorkeaTodennäköisyys: Korkea

    As a pre-revenue biotech, Serina must raise external capital to fund R&D and operations.

    Kohdistuu: Equity issuance and private placements

  4. Manufacturing and supply-chain execution riskVaikutus: KeskitasoTodennäköisyys: Kohtalainen

    Clinical and future commercial supply depend on third-party manufacturing and reproducible processes.

    KohdistuuAPI supplyExcipientsCMO relationships
  5. Intellectual property and freedom-to-operate riskVaikutus: KeskitasoTodennäköisyys: Matala

    The POZ platform and product candidates rely on patent protection and defense against third-party claims.

    Kohdistuu: Platform technology and candidate portfolio

Kirjanpito

Harkinnanvaraiset erät
Research and development expense recognition

Clinical and preclinical costs are expensed as incurred, so trial timing can move quarterly results materially.

Vaikutus: Affects operating loss and comparability across periods

Fair value of warrants and financing instruments

Capital raises and warrant exercises can create non-cash gains or losses depending on instrument terms.

Vaikutus: Can distort net income/loss versus cash burn

Stock-based compensation

Equity awards are common in biotech and can be a meaningful non-cash expense in R&D and G&A.

Vaikutus: Affects reported operating expenses and dilution analysis

Going-concern assessment

Pre-revenue biotech companies must disclose whether available cash is sufficient to fund operations.

Vaikutus: Signals financing risk and potential future dilution

Julkisesti listattuja yhtiöitä, joilla on samankaltainen liiketoiminta.

Päivitetty: 24.9.2026