- Business
- Aequus Pharmaceuticals Inc (TSX-V: AQS) is a Canada-based specialty pharmaceutical company focused on developing and commercializing high-quality, differentiated products targeting neurology, ophthalmology, psychiatry, and transplant therapeutic areas. Founded in 2013 and headquartered in Vancouver, British Columbia, the company commercializes prescription products primarily in the Canadian market through in-licensing, partnerships, and its sales infrastructure; its core offerings include ZIMED PF, a preservative-free bimatoprost 0.03% ophthalmic solution for reducing elevated intraocular pressure in patients with open-angle glaucoma or ocular hypertension, Tacrolimus IR for treating refractory rejection in allogeneic liver, kidney, or heart transplant patients, and Vistitan for glaucoma and ocular hypertension management, alongside promotional services for third-party products and revenue from dry eye treatments. Its development pipeline features REV-0100, a preclinical candidate for Stargardt disease with US FDA Orphan Drug and Rare Pediatric Disease designations, through an exclusive partnership with ReVision Therapeutics granting North American commercial rights negotiation; additional pipeline assets include AQS-1304 for epilepsy and programs enhancing medication adherence via transdermal and extended-release delivery systems in neurology and psychiatry. In recent developments, Aequus announced the sale of ZIMED PF assets to Luvo Medical Technologies in May 2025 for a $400,000 lump-sum payment plus 6% gross profit royalties until 2029, subject to TSX-V approval and expected Q4 2025 closing; the company reported Q2 2025 revenue of $218,220, up 35% year-over-year, driven by ZIMED PF penetration since its 2023 launch, alongside net loss reductions from cost cuts including a Q4 2024 sales team layoff and a July 2025 lease termination for its Vancouver office expiring August 31, 2025; board changes in April 2025 included resignations of Anne Stevens and Chris Clark, with ongoing efforts to pursue strategic partnerships or alternative transactions post-ZIMED divestiture.