- Business
- WPD Pharmaceuticals Inc. (CSE: WBIO, FSE: 8SV1, OTC: WPDPF) operates as a holding company with no active business operations; its sole asset consists of a minority equity stake, currently approximately 4%, in WPD Pharmaceuticals S.A. (formerly WPD Pharmaceuticals Sp. z o.o.), a Polish biotechnology research and development firm focused on oncology therapies involving biological compounds and small molecules for brain cancers such as glioblastoma multiforme (GBM), leukemia, melanoma, and pediatric brain tumors. The Polish entity previously licensed novel drug candidates including WPD101 (IL-13 and EphA2 receptor-targeted radionuclide therapy), Berubicin (anthracycline for recurrent GBM), Annamycin (liposomal formulation for AML and soft tissue sarcoma lung metastases), WP1066 (STAT3 inhibitor for medulloblastoma and diffuse intrinsic pontine gliomas), and WP1122 (prodrug with antiviral and anticancer potential); these originated from collaborations with institutions like Wake Forest University Health Sciences, MD Anderson Cancer Center, Mayo Clinic, Emory University, and Moleculin Biotech Inc., targeting markets in 30 European and Asian countries plus Russia. Founded in 2006 and headquartered in Vancouver, British Columbia, Canada, the company lost control of its former Polish subsidiary through a restructuring on November 25, 2022, reducing its ownership from full control to a non-controlling interest. Recent developments include a proposed share consolidation announced December 5, 2024 with record date December 24, 2024; debt settlements for common shares in June and July 2024; full revocation of a cease trade order on May 16, 2024; a letter of intent signed August 9, 2023 with ACRX Investments Limited; a convertible debenture offering and pipeline update on May 1, 2023; and further investment by ACRX into WPD Poland on February 13, 2025, diluting WPD's stake while the company seeks funding for potential biopharmaceutical, healthcare, or technology acquisitions.