Algernon Health Inc.

About Algernon Health Inc.

Algernon Pharmaceuticals Inc. is a clinical-stage Canadian drug development and repurposing company focused on investigating drugs and naturally occurring compounds for unmet global medical needs. Their mission is to discover new therapeutic uses for off-patent drugs with established safety profiles, using a cost-effective and capital-efficient model.

Products & Services

NP-251 (Repirinast):Originally an asthma drug, now being repurposed for chronic kidney disease after showing a 50% reduction in fibrosis in preclinical models.

AP-188 (DMT):N,N-Dimethyltryptamine, a naturally occurring compound, investigated as a potential treatment for stroke and traumatic brain injury (TBI) by inducing neuroplasticity.

NP-120 (Ifenprodil):Research program for chronic cough and idiopathic pulmonary fibrosis, acquired by Seyltx Inc. in March 2024 for USD $2M and a 20% equity position.

Specialties

Drug Repurposing Neuroplasticity Research Chronic Kidney Disease Treatment Stroke and Traumatic Brain Injury Treatment Alzheimer's Diagnostics

Funding History

Debug: View Raw Funding Data

#	Type	Amount Fields	Date Fields	Investors
1	RT: Private Placement T: - FT: Private Placement	A: 858000 MR: - FA: CAD $858,000 FAN: 858000	D: 2025-12-31 FD: 2025-12-31	1 investors
2	RT: Private Placement T: - FT: Private Placement	A: 750000 MR: - FA: 750,000 FAN: 750000	D: 2025-12-23 FD: 2025-12-23	-
3	RT: Private Placement T: - FT: Private Placement	A: 210000 MR: - FA: CAD $210,000 FAN: 210000	D: 2025-11-28 FD: 2025-11-28	-
4	RT: Strategic Investment T: - FT: Strategic Investment	A: 500000 MR: - FA: USD $500,000 FAN: 500000	D: 2025-11-17 FD: 2025-11-17	1 investors
5	RT: Private Placement T: - FT: Private Placement	A: 177000 MR: - FA: CAD $177,000 FAN: 177000	D: 2025-11-14 FD: 2025-11-14	1 investors
6	RT: Private Placement T: - FT: Private Placement	A: 500000 MR: - FA: $500,000 FAN: 500000	D: 2025-11-06 FD: 2025-11-06	-

Private Placement Latest

2025-12-31

$858K

1 investor (Pro only)

Private Placement 2025-12-23

$750K

Private Placement 2025-11-28

$210K

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Growth Metrics

+45%

Employee Growth

YoY

3.2x

Funding Growth

Last Round

12

Markets

Operating

10K+

Customers

Active

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Team & Leadership

R

Rick Strassman

Clinical Associate Professor of Psychiatry

D

David Nutt

Edmund J. Safra Professor of Neuropsychopharmacology

E

Ede Frecska

Chairman of Psychiatry at the Faculty of Medicine of the University of Debrecen

S

Slawek Wojtowicz

Medical & Scientific Advisor

L

Luis Eduardo Luna

E

Ervin Laszlo

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