PharmaCyte Biotech(PMCB)

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PharmaCyte Biotech(PMCB) - 2023 Q2 - Quarterly Report
2022-12-14 22:19
Product Development - The company is focused on developing cellular therapies for cancer, diabetes, and malignant ascites using its proprietary "Cell-in-a-Box" technology[135]. - The current product candidate is referred to as "CypCaps™" and is intended for use in therapies for several types of cancer, including LAPC[135]. - The company is currently conducting a pilot study involving two pigs to evaluate the safety and activity of its product candidate for pancreatic cancer[145]. - The encapsulation technology aims to protect genetically engineered live human cells, enhancing their survival and efficacy in producing active molecules[136]. - The company is also developing therapies for Type 1 diabetes using encapsulated genetically modified insulin-producing cells[139]. Regulatory Challenges - Due to a clinical hold placed by the FDA on the IND for LAPC, the company is facing delays and increased costs in its development efforts[131]. - The FDA has requested additional data and studies to lift the clinical hold, including genetic stability studies and a biocompatibility assessment[144]. - The company is currently addressing various regulatory requirements to lift the clinical hold on its IND for the planned clinical trial in LAPC[152]. Financial Performance - The total operating expenses for the three months ended October 31, 2022, increased by $1,313,777 to $2,318,620 from $1,004,843 in the same period in 2021, primarily due to increases in R&D costs, compensation, legal, and consulting expenses[155]. - R&D expenses for the three months ended October 31, 2022, were $177,996, reflecting a 32% increase from $135,220 in the same period in 2021[156]. - Compensation expenses for the three months ended October 31, 2022, were $400,420, a 51% increase from $265,012 in the same period in 2021[156]. - The total operating expenses for the six months ended October 31, 2022, increased by $1,971,034 to $3,999,228 from $2,028,194 in the same period in 2021[157]. - R&D expenses for the six months ended October 31, 2022, were $337,269, a 21% increase from $278,833 in the same period in 2021[158]. - Compensation expenses for the six months ended October 31, 2022, were $728,138, a 36% increase from $533,897 in the same period in 2021[158]. - General and administrative, legal, and professional expenses for the three months ended October 31, 2022, were $1,637,869, representing a 201% increase from $543,557 in the same period in 2021[156]. - General and administrative, legal, and professional expenses for the six months ended October 31, 2022, were $2,778,759, a 155% increase from $1,091,251 in the same period in 2021[158]. - The company had no revenues for the three and six months ended October 31, 2022, and 2021[154]. Cash Flow and Liquidity - Net cash used in operating activities for the six months ended October 31, 2022, was $(2,963,642), compared to $(2,626,834) for the same period in 2021, indicating an increase in operational losses[162]. - Cash and cash equivalents as of October 31, 2022, totaled approximately $77 million, down from approximately $87 million as of October 31, 2021, primarily due to increased operating expenses and stock repurchase[165]. - The cash used in financing activities for the six months ended October 31, 2022, was approximately $(5.5 million) due to the repurchase of common stock[164]. - The company expects to use existing cash balances and may consider additional debt or equity issuances to meet liquidity needs, given the history of operating losses[171]. - The total cost of service agreements related to the clinical hold on the IND submission involving LAPC is estimated to be approximately $347,000, with a significant portion allocated to related parties[172]. - The company had no investing activities for the six months ended October 31, 2022, and 2021, indicating a focus on operational rather than investment expenditures[163]. - The company received gross proceeds of approximately $70 million from the Second Offering in August 2021, contributing to its capital resources[168]. - The company reported a net increase (decrease) in cash and cash equivalents of $(8,438,069) for the six months ended October 31, 2022, compared to an increase of $84,736,506 in the same period of 2021[162]. - The company has no off-balance sheet arrangements that could materially affect its financial condition, revenues, or expenses[170]. Corporate Governance - The company has entered into a Cooperation Agreement with Iroquois Master Fund Ltd. to reconstitute its Board and evaluate its business strategy[135]. - Spending on development programs has been curtailed pending the completion of the Business Review Committee's evaluation[142]. - The company is exploring new frameworks for its relationship with SG Austria, which may impact its development programs[135].
PharmaCyte Biotech(PMCB) - 2023 Q1 - Quarterly Report
2022-09-14 20:29
Table of Contents UNITED STATES SECURITIES AND EXCHANGE COMMISSION WASHINGTON, D.C. 20549 FORM 10-Q x QUARTERLY REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934 For the quarterly period ended July 31, 2022 or o TRANSITION REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934 For the transition period from __________ to __________ Commission file number 001-40699 PHARMACYTE BIOTECH, INC. (Exact name of registrant as specified in its charter) (State or othe ...
PharmaCyte Biotech(PMCB) - 2022 Q4 - Annual Report
2022-07-28 21:29
Table of Contents UNITED STATES SECURITIES AND EXCHANGE COMMISSION WASHINGTON, D.C. 20549 FORM 10-K (Mark One) ☒ ANNUAL REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934 For the fiscal year ended April 30, 2022 or ☐ TRANSITION REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934 For the transition period from __________ to __________ Commission File Number 001-40699 PHARMACYTE BIOTECH, INC. (Exact name of registrant as specified in its charter) Nevada 62- ...
PharmaCyte Biotech(PMCB) - 2022 Q3 - Quarterly Report
2022-03-15 21:16
UNITED STATES SECURITIES AND EXCHANGE COMMISSION WASHINGTON, D.C. 20549 FORM 10-Q ☒ QUARTERLY REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934 For the quarterly period ended January 31, 2022 or ☐ TRANSITION REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934 For the transition period from __________ to __________ Nevada 62-1772151 (State or other jurisdiction of incorporation or organization) (I.R.S. Employer Identification No.) 3960 Howard Hughes Parkw ...
PharmaCyte Biotech(PMCB) - 2022 Q2 - Quarterly Report
2021-12-14 22:16
Table of Contents UNITED STATES SECURITIES AND EXCHANGE COMMISSION WASHINGTON, D.C. 20549 FORM 10-Q x QUARTERLY REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934 For the quarterly period ended October 31, 2021 or o TRANSITION REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934 For the transition period from __________ to __________ Commission file number 001-40699 PHARMACYTE BIOTECH, INC. (Exact name of registrant as specified in its charter) (State or o ...
PharmaCyte Biotech(PMCB) - 2022 Q1 - Quarterly Report
2021-09-14 12:01
Table of Contents UNITED STATES SECURITIES AND EXCHANGE COMMISSION WASHINGTON, D.C. 20549 FORM 10-Q x QUARTERLY REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934 For the quarterly period ended July 31, 2021 or o TRANSITION REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934 For the transition period from __________ to __________ Commission file number 001-40699 PHARMACYTE BIOTECH, INC. (Exact name of registrant as specified in its charter) Nevada 62-1772 ...
PharmaCyte Biotech(PMCB) - 2021 Q4 - Annual Report
2021-08-10 10:03
UNITED STATES SECURITIES AND EXCHANGE COMMISSION WASHINGTON, D.C. 20549 FORM 10-K (Mark One) ☒ ANNUAL REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934 For the fiscal year ended April 30, 2021 or ☐ TRANSITION REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934 For the transition period from __________ to __________ Commission File Number 001-40699 PHARMACYTE BIOTECH, INC. (Exact name of registrant as specified in its charter) (State or other jurisdiction ...
PharmaCyte Biotech(PMCB) - 2021 Q3 - Quarterly Report
2021-03-12 22:11
UNITED STATES SECURITIES AND EXCHANGE COMMISSION WASHINGTON, D.C. 20549 FORM 10-Q x QUARTERLY REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934 For the quarterly period ended January 31, 2021 or o TRANSITION REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934 For the transition period from __________ to __________ Commission file number 333-68008 PHARMACYTE BIOTECH, INC. (Exact name of registrant as specified in its charter) Nevada 62-1772151 (State or o ...