ASX:1AIPharmaceuticals, Biotechnology & Life SciencesBiotechnology

Algorae Pharmaceuticals Ltd

Algorae Pharmaceuticals Limited is an Australia-based artificial-intelligence (AI) enabled pharmaceutical development company.

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+11.1%52-week return
Day Range
— – —
52 Week Range
$0.003 – $0.006
Volume
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Avg Volume (10D)
490.15K
Market Cap
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The company

The business

What Algorae Pharmaceuticals Ltd does

Algorae Pharmaceuticals Limited is an Australia-based artificial-intelligence (AI) enabled pharmaceutical development company. The Company’s proprietary AI platform, Algorae Operating System (AlgoraeOS), is an AI platform that leverages extensive medical and scientific databases from various disciplines within an advanced system at the intersection of AI and pharmaceutical research. Its other drug candidates include AI-116, AI-168, NTCELL. AI-116 is a combination drug candidate made up of cannabidiol (CBD) and an off-patent pharmaceutical ingredient. It is conceptualized to be a potential treatment for dementia, including Alzheimer’s disease. AI-168 is a novel combination drug candidate made up of a cannabinoid and an off-patent pharmaceutical ingredient, which is conceptualized to be a potential treatment for cardiovascular disease, including hypertension. NTCELL is an alginate coated capsule containing clusters of neonatal porcine choroid plexus cells.

Incorporated
AUS
Public since
2004-09-01
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Share price & key data

Share price

OHLC · volume · moving averages
$0.004+$0.000 (+0.00%)over 6M
Hi$0.004Lo$0.003
Price-sensitive newsVolumePrev close · 52W range

Market Statistics

Today
Open
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Prev Close
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Day High
—
Day Low
—
52wk High
$0.006
52wk Low
$0.003

Valuation

Multiples
Market Cap
—
Shares Out
—
Price/Book
8.94

Trading Activity

Volume & book
Volume
—
Value Traded
—
Avg Vol 10D
490.15K

Performance

Total return
1 Day
+0.00%
5 Day
-9.09%
13 Week
-9.09%
52 Week
+11.11%
YTD
-28.57%
Peers & news

Latest news

From the Small Caps desk
Algorae Pharmaceuticals Expands Commercial Footprint with New Cadila Partnership
Biotechnology

Algorae Pharmaceuticals Expands Commercial Footprint with New Cadila Partnership

Algorae Pharmaceuticals (ASX: 1AI) and private Indian company Cadila Pharmaceuticals have entered into a licence and supply agreement covering two new generic medicines for the Australian and New Zealand markets. The agreement will formalise an operational framework for the partnership and will see Algorae commence planning for Therapeutic Goods Administration (TGA) registration to enable commercialisation of […]

Algorae Pharmaceuticals to Launch Five New Oncology Medicines in Australia-New Zealand Markets
Biotechnology

Algorae Pharmaceuticals to Launch Five New Oncology Medicines in Australia-New Zealand Markets

Algorae Pharmaceuticals (ASX: 1AI) has entered into an exclusive licencing agreement with Indian pharmaceutical manufacturer Sakar Healthcare to launch five generic oncology medicines into the Australian and New Zealand markets. The products will be marketed under the Algorae brand to meet the needs of the combined market, which analysts value at approximately $10 million per […]

Algorae Pharmaceuticals Advances Validation for Oncology-Focused Predictive Drug Combinations
Biotechnology

Algorae Pharmaceuticals Advances Validation for Oncology-Focused Predictive Drug Combinations

Algorae Pharmaceuticals (ASX: 1AI) achieved a key milestone in the recent June quarter, locking in a strategic partnership with the Victorian Centre for Functional Genomics (VCFG) at Melbourne’s Peter MacCallum Cancer Centre. The partners are working on high-throughput experimental validation for 21 in silico predictions generated by the AI-enabled AlgoraeOS Version 1.0, alongside three drug […]

Algorae Pharmaceuticals teams with Peter MacCallum Centre to validate AI-predicted cancer drug synergies
Biotechnology

Algorae Pharmaceuticals teams with Peter MacCallum Centre to validate AI-predicted cancer drug synergies

Algorae Pharmaceuticals (ASX: 1AI) has partnered with the Victorian Centre for Functional Genomics (VCFG) at the Peter MacCallum Cancer Centre in Melbourne to validate AI-predicted drug synergies using high-throughput screening. The companies will conduct a study to confirm the efficacy of drug combinations and dose ranges across four distinct cancer cell lines including glioblastoma, pancreatic […]

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