Announcement • Apr 01
Luvo Medical Technologies Inc. completed the acquisition of Zimed® PF from Aequus Pharmaceuticals Inc. (TSXV:AQS). Luvo Medical Technologies Inc. signed an asset purchase agreement to acquire Zimed® PF from Aequus Pharmaceuticals Inc. (TSXV:AQS) for CAD 0.40 million on May 22, 2025. Under the terms of the agreement, Luvo will pay Aequus a lump sum payment of CAD 0.4 million at the closing of the transaction and an ongoing royalty of 6% on gross profit attributable to the sale of Zimed PF® (less certain costs and fees) until July 29th, 2029.
The Transaction is expected to close in Q4 2025 upon the transfer of the Drug Identification Number (DIN) and is subject to certain closing conditions, including TSX Venture Exchange and shareholder approval. Aequus expects to call a special meeting of shareholders to be held in Q3 2025 for approval of the Transaction. As of October 20, 2025, The Transaction is expected to close on or before January 20, 2026. As of November 21, 2025, the transaction was approved by the Aequus shareholders at the Annual General and Special Meeting.
Blake, Cassels & Graydon LLP acted as legal advisor for Aequus Pharmaceuticals. McMillan LLP acted as legal advisor for Luvo Medical Technologies.
Luvo Medical Technologies Inc. completed the acquisition of Zimed® PF from Aequus Pharmaceuticals Inc. (TSXV:AQS) on March 31, 2026. Announcement • Sep 23
Aequus Pharmaceuticals Inc. Appoints Giovanni Di Genova to the Board of Directors, Effective from September 12, 2025 Aequus Pharmaceuticals Inc. announced Giovanni Di Genova has agreed to join the Aequus Board of Directors, subject to the completion of his PIF and TSX approval, effective September 12th, 2025. Aequus is pleased to welcome Giovanni Di Genova as a new director and are eager to work with him on the future ahead. Giovanni Di Genova earned his Bachelor of Science and Bachelor of Pharmacy from McGill University and Universit de Montral, respectively. He began his career in the specialty compounding pharmacy &pharmaceutical industry nearly 35 years ago, covering multiple therapeutic areas including ophthalmology, oncology, gastrointestinal, neurological, infectious, and autoimmune diseases. John has held positions in both innovative and generic pharmaceutical organizations, with roles in API/Materials Management, Production, Sales, Marketing and Business Development. He has a proven track record in strategy and operations, including strong business development experience with M&A, licensing, co-development, and supply agreements. John started his career at Ayerst and PharmaScience, and most recently, served as CEO and founder of Advanced Dosage Forms, a private firm involved in the licensing, sales, marketing, and distribution of high-barrier-to-market niche pharmaceuticals. Announcement • Sep 19
Aequus Pharmaceuticals Inc., Annual General Meeting, Oct 29, 2025 Aequus Pharmaceuticals Inc., Annual General Meeting, Oct 29, 2025. Location: british columbia, vancouver Canada Board Change • Feb 18
Less than half of directors are independent No new directors have joined the board in the last 3 years. The company's board is composed of: No new directors. 5 experienced directors. 3 highly experienced directors. 1 independent director (3 non-independent directors). Independent Director Marc Lustig was the last independent director to join the board, commencing their role in 2021. The following issues are considered to be risks according to the Simply Wall St Risk Model: Minority of independent directors. Insufficient board refreshment. Reported Earnings • Nov 09
Third quarter 2024 earnings released: CA$0.005 loss per share (vs CA$0.006 loss in 3Q 2023) Third quarter 2024 results: CA$0.005 loss per share (improved from CA$0.006 loss in 3Q 2023). Revenue: CA$148.3k (up CA$135.0k from 3Q 2023). Net loss: CA$614.7k (loss narrowed 24% from 3Q 2023). Over the last 3 years on average, earnings per share has fallen by 14% per year but the company’s share price has fallen by 50% per year, which means it is performing significantly worse than earnings. Reported Earnings • Aug 31
Second quarter 2024 earnings released: CA$0.005 loss per share (vs CA$0.005 loss in 2Q 2023) Second quarter 2024 results: CA$0.005 loss per share (in line with 2Q 2023). Revenue: CA$161.4k (up 64% from 2Q 2023). Net loss: CA$683.0k (loss narrowed 2.5% from 2Q 2023). Over the last 3 years on average, earnings per share has fallen by 19% per year but the company’s share price has fallen by 47% per year, which means it is performing significantly worse than earnings. Reported Earnings • May 01
Full year 2023 earnings released: CA$0.022 loss per share (vs CA$0.024 loss in FY 2022) Full year 2023 results: CA$0.022 loss per share (improved from CA$0.024 loss in FY 2022). Revenue: CA$254.9k (down 82% from FY 2022). Net loss: CA$2.96m (loss narrowed 7.6% from FY 2022). Over the last 3 years on average, earnings per share has fallen by 27% per year but the company’s share price has fallen by 61% per year, which means it is performing significantly worse than earnings. Reported Earnings • Dec 01
Third quarter 2023 earnings released: CA$0.006 loss per share (vs CA$0.004 loss in 3Q 2022) Third quarter 2023 results: CA$0.006 loss per share (further deteriorated from CA$0.004 loss in 3Q 2022). Revenue: CA$13.4k (down 96% from 3Q 2022). Net loss: CA$803.7k (loss widened 61% from 3Q 2022). Over the last 3 years on average, earnings per share has fallen by 19% per year but the company’s share price has fallen by 35% per year, which means it is performing significantly worse than earnings. Reported Earnings • Sep 03
Second quarter 2023 earnings released: CA$0.005 loss per share (vs CA$0.006 loss in 2Q 2022) Second quarter 2023 results: CA$0.005 loss per share (improved from CA$0.006 loss in 2Q 2022). Revenue: CA$98.4k (down 72% from 2Q 2022). Net loss: CA$700.9k (loss narrowed 9.2% from 2Q 2022). Over the last 3 years on average, earnings per share has fallen by 6% per year but the company’s share price has fallen by 24% per year, which means it is performing significantly worse than earnings. Announcement • Aug 25
Aequus Pharmaceuticals Inc. Announces Launch of Zimed PF in Canada Aequus Pharmaceuticals Inc. announced the launch of Zimed® PF, the first preservative-free multi-dose Bimatoprost for glaucoma patients in Canada. Announcement • Aug 19
Aequus Pharmaceuticals Inc. Announces Pause in Sales of Evolve Intensive Eyedrop and Intensive Gel Products in Canada Aequus Pharmaceuticals Inc. announced the pause of sales of its Evolve Intensive eyedrop and Intensive gel products in Canada. The manufacturer, Medicom Healthcare (UK), is in the process of changing its MDSAP provider. The switch was necessitated by the existing Notified Body being unable to offer all relevant global certifications. Until this process is completed, Aequus Pharmaceuticals will pause sales of the class leading Evolve® range of products in the Canadian market. The company look forward to Evolve® returning to patients in Canada as soon as MDSAP Certification is issued. Aequus and Medicom Healthcare assure valued customers and eyecare professionals that the Evolve® Intensive eyedrops and gel will return to the Canadian market soon. The Company remains steadfast in its commitment to delivering innovative solutions that enhance the well-being of patients across Canada. Reported Earnings • Jun 02
First quarter 2023 earnings released: CA$0.006 loss per share (vs CA$0.007 loss in 1Q 2022) First quarter 2023 results: CA$0.006 loss per share (improved from CA$0.007 loss in 1Q 2022). Revenue: CA$92.3k (down 70% from 1Q 2022). Net loss: CA$744.3k (loss narrowed 19% from 1Q 2022). Over the last 3 years on average, earnings per share has increased by 9% per year but the company’s share price has fallen by 35% per year, which means it is significantly lagging earnings. Announcement • May 27
Aequus Pharmaceuticals Inc., Annual General Meeting, Jul 25, 2023 Aequus Pharmaceuticals Inc., Annual General Meeting, Jul 25, 2023. Announcement • Dec 21
Aequus Announces Health Canada Notice of Compliance (NOC) for Zimed® Preservative Free (Bimatoprost 0.03%) Aequus Pharmaceuticals Inc. announce that Health Canada has approved Zimed® PF (Bimatoprost 0.03%) for the reduction of elevated intraocular pressure (IOP) in patients with open-angled glaucoma or ocular hypertension. Affecting more than 700,000 people in Canada, glaucoma is one of the leading causes of blindness in North America. Zimed® PF is the first prostaglandin analog (PGA) that is preservative free and offered in an easy-to-use multi-dose bottle in Canada. PGAs are commonly prescribed first-line to reduce IOP. The vast majority of medications currently available include preservatives such as Benzalkonium Chloride (BAK). Chronic exposure to BAK has been found to increase the likelihood of experiencing Ocular Surface Disease (OSD) and reduce patient adherence. Zimed PF is contained in a unique multi-dose bottle that leverages a unidirectional valve and air filter technology to eliminates the need for a preservatives. In addition, this packaging format significantly reduces the amount of plastic used compared to single-use alternatives. Reported Earnings • Dec 01
Third quarter 2022 earnings released: CA$0.004 loss per share (vs CA$0.003 loss in 3Q 2021) Third quarter 2022 results: CA$0.004 loss per share (further deteriorated from CA$0.003 loss in 3Q 2021). Revenue: CA$347.9k (down 51% from 3Q 2021). Net loss: CA$500.5k (loss widened 31% from 3Q 2021). Over the last 3 years on average, earnings per share has increased by 34% per year but the company’s share price has fallen by 42% per year, which means it is significantly lagging earnings. Announcement • Nov 30
Aequus Pharmaceuticals Inc. Expects Health Canada Approval for Zimed® PF (Preservative Free) Aequus Pharmaceuticals Inc. is expected to receive a “Notice of Compliance” from Health Canada for the launch of Zimed® PF (bimatoprost 0.03% ophthalmic solution), the first “Preservative Free” bimatoprost eye drop for patients with open-angle glaucoma or ocular hypertension. Health Canada approval is expected before year end 2022. Aequus Pharma is anticipating a Health Canada approval by December 31, 2022 for Zimed® PF in a multi-dose format. Zimed® PF will provide eye care professionals and patients a new option for the treatment of open-angled glaucoma and ocular hypertension. Board Change • Nov 16
Less than half of directors are independent Following the recent departure of a director, there are only 2 independent directors on the board. The company's board is composed of: 2 independent directors. 3 non-independent directors. Independent Director Marc Lustig was the last independent director to join the board, commencing their role in 2021. The company's minority of independent directors is a risk according to the Simply Wall St Risk Model. Reported Earnings • Aug 30
Second quarter 2022 earnings released: CA$0.006 loss per share (vs CA$0.004 loss in 2Q 2021) Second quarter 2022 results: CA$0.006 loss per share (down from CA$0.004 loss in 2Q 2021). Revenue: CA$346.5k (down 47% from 2Q 2021). Net loss: CA$772.1k (loss widened 61% from 2Q 2021). Over the last 3 years on average, earnings per share has increased by 39% per year but the company’s share price has fallen by 33% per year, which means it is significantly lagging earnings. Board Change • Jul 18
Less than half of directors are independent Following the recent departure of a director, there are only 2 independent directors on the board. The company's board is composed of: 2 independent directors. 3 non-independent directors. Independent Director Marc Lustig was the last independent director to join the board, commencing their role in 2021. The company's minority of independent directors is a risk according to the Simply Wall St Risk Model. Announcement • Apr 24
Aequus Pharmaceuticals Inc., Annual General Meeting, Jun 23, 2022 Aequus Pharmaceuticals Inc., Annual General Meeting, Jun 23, 2022. Announcement • Apr 23
Aequus Pharmaceuticals Inc. Announces Resignation of Jason Flowerday from the Board of Directors Aequus Pharmaceuticals Inc. announced that Mr. Jason Flowerday has resigned from the Aequus Board of Directors. Announcement • Jan 07
Aequus Pharmaceuticals Inc. Announces Canadian Filing of NDS for Preservative-Free Glaucoma Medication Aequus Pharmaceuticals Inc. announced that it has submitted a New Drug Submission (NDS) application to Health Canada for preservative-free bimatoprost 0.03% eye drops termed ‘Zimed PF’. At this stage, Health Canada has accepted the submission for Screening. The ZimedTM PF formulation was selected based on extensive clinical data demonstrating the efficacy and safety of the bimatoprost molecule and 0.03% concentration for the reduction of intraocular pressure in patients with ocular hypertension or glaucoma. Upon approval, this preservative-free formulation, will also provide eye care professionals a new option for patients who are sensitive to preservatives or have ocular surface disease. According to Health Canada, the target review time for an NDS is 355 days. Aequus is moving ahead with plans in accordance with this timeline but acknowledges that review timing may be affected by factors out of control such as backlogs caused by COVID-19. Board Change • Dec 31
High number of new directors Independent Director Marc Lustig was the last director to join the board, commencing their role in 2021. Reported Earnings • Nov 05
Third quarter 2021 earnings released: CA$0.003 loss per share (vs CA$0.003 loss in 3Q 2020) The company reported a soft third quarter result with increased losses and weaker control over costs, although revenues improved. Third quarter 2021 results: Revenue: CA$712.0k (up 15% from 3Q 2020). Net loss: CA$381.5k (loss widened 52% from 3Q 2020). Over the last 3 years on average, earnings per share has increased by 37% per year but the company’s share price has fallen by 11% per year, which means it is significantly lagging earnings. Recent Insider Transactions • Sep 04
Chairman & CEO recently bought CA$73k worth of stock On the 1st of September, Douglas Janzen bought around 500k shares on-market at roughly CA$0.14 per share. This was the largest purchase by an insider in the last 3 months. Douglas has been a buyer over the last 12 months, purchasing a net total of CA$262k worth in shares. Director Overboarding • Sep 02
Director Marc Lustig has joined 5th company board Independent Director Marc Lustig has been appointed to the board of BriaCell Therapeutics Corp. (TSXV:BCT). Lustig now sits on a total of 5 company boards. According to the Simply Wall St Risk Model, the director is at risk of having too many board obligations. Director Overboarding • Sep 02
Director Marc Lustig has joined 5th company board Independent Director Marc Lustig has been appointed to the board of BriaCell Therapeutics Corp. (TSXV:BCT). Lustig now sits on a total of 5 company boards. According to the Simply Wall St Risk Model, the director is at risk of having too many board obligations. Director Overboarding • Sep 02
Director Marc Lustig has joined 5th company board Independent Director Marc Lustig has been appointed to the board of BriaCell Therapeutics Corp. (TSXV:BCT). Lustig now sits on a total of 5 company boards. According to the Simply Wall St Risk Model, the director is at risk of having too many board obligations. Director Overboarding • Sep 02
Director Marc Lustig has joined 5th company board Independent Director Marc Lustig has been appointed to the board of BriaCell Therapeutics Corp. (TSXV:BCT). Lustig now sits on a total of 5 company boards. According to the Simply Wall St Risk Model, the director is at risk of having too many board obligations. Reported Earnings • Aug 31
Second quarter 2021 earnings released: CA$0.004 loss per share (vs CA$0.003 loss in 2Q 2020) The company reported a soft second quarter result with increased losses and weaker control over costs, although revenues improved. Second quarter 2021 results: Revenue: CA$651.5k (up 20% from 2Q 2020). Net loss: CA$479.0k (loss widened 116% from 2Q 2020). Over the last 3 years on average, earnings per share has increased by 34% per year but the company’s share price has fallen by 12% per year, which means it is significantly lagging earnings. Reported Earnings • Jun 02
First quarter 2021 earnings released: CA$0.005 loss per share (vs CA$0.005 loss in 1Q 2020) The company reported a poor first quarter result with increased losses, weaker revenues and weaker control over costs. First quarter 2021 results: Revenue: CA$491.8k (down 15% from 1Q 2020). Net loss: CA$621.7k (loss widened 53% from 1Q 2020). Over the last 3 years on average, earnings per share has increased by 32% per year but the company’s share price has fallen by 11% per year, which means it is significantly lagging earnings. Recent Insider Transactions • May 01
Chairman recently bought CA$58k worth of stock On the 27th of April, Douglas Janzen bought around 300k shares on-market at roughly CA$0.19 per share. This was the largest purchase by an insider in the last 3 months. Douglas has been a buyer over the last 12 months, purchasing a net total of CA$424k worth in shares. Reported Earnings • Apr 26
Full year 2020 earnings released: CA$0.011 loss per share (vs CA$0.039 loss in FY 2019) The company reported a solid full year result with reduced losses, improved revenues and improved control over expenses. Full year 2020 results: Revenue: CA$2.59m (up 59% from FY 2019). Net loss: CA$1.05m (loss narrowed 66% from FY 2019). Over the last 3 years on average, earnings per share has increased by 30% per year but the company’s share price has fallen by 13% per year, which means it is significantly lagging earnings. Recent Insider Transactions Derivative • Apr 07
Chairman exercised options to buy CA$328k worth of stock. On the 1st of April, Douglas Janzen exercised options to buy 2m shares at a strike price of around CA$0.12, costing a total of CA$187k. This transaction amounted to 17% of their direct individual holding at the time of the trade. Since June 2020, Douglas' direct individual holding has increased from 5.35m shares to 9.39m. Company insiders have collectively bought CA$621k more than they sold, via options and on-market transactions, in the last 12 months. Announcement • Mar 03
Aequus Pharmaceuticals Inc. Launches Evolve Eyedrops to Eye Care Professionals in Canada Aequus Pharmaceuticals Inc. announced the commercial availability of EvolveTM preservative free lubricating eye drops for dry eye care. These premium formulations - ‘Intensive Daily’ drops, with the gold standard 0.2% sodium hyaluronate, and the unique, triple action ‘Intensive Gel’ drops, containing hyaluronate, carbomer 980 and glycerol - will provide soothing hydration and symptom relief for patients with dry eye disease. The products will be available exclusively for sale by eye care clinics in Canada, where patients can receive the full benefit of dry eye treatment plans when they are diagnosed, prescribed, and monitored by eye care professionals. The EvolveTM lubricating eye drops are crafted specifically for supporting optimal eye care and contain: Preservative and phosphate free formulations; A secure antimicrobial twist-cap; Compatibility with soft and hard contact lenses; 350+ micro-sized drops per bottle – the highest number of drops on the market; Non-blurring formulations Patented PureFlowTM Technology, and blue aiming tip; Soft sides for easy drop dispensing. Products are available for order by Canadian clinicians at www.aequuseyecare.ca. Is New 90 Day High Low • Mar 02
New 90-day high: CA$0.28 The company is up 155% from its price of CA$0.11 on 01 December 2020. The Canadian market is up 7.0% over the last 90 days, indicating the company outperformed over that time. It also outperformed the Pharmaceuticals industry, which is up 39% over the same period. Announcement • Feb 28
Aequus Pharmaceuticals Inc. announced that it has received CAD 1 million in funding On February 26, 2021, Aequus Pharmaceuticals Inc. (TSXV:AQS) closed the transaction. Announcement • Feb 16
Aequus Pharmaceuticals Inc. Appoints Marc Lustig as a Director Aequus Pharmaceuticals Inc. announced that Marc Lustig, who is joining the team as a Director. Marcs expertise is expected to be a significant benefit to Aequus as launch the Evolve and Revive Eye Care products and finalize the submission for Health Canada regarding Zymed -PF, a preservative free prescription drug for the treatment of Glaucoma. Announcement • Feb 13
Aequus Pharmaceuticals Inc. announced that it expects to receive CAD 1 million in funding Aequus Pharmaceuticals Inc. (TSXV:AQS) announced a non-brokered private placement of 6,666,666 units at a price of CAD 0.15 per unit for gross proceeds of CAD 1,000,000 on February 12, 2021. The transaction will include participation from Marc Lustig. Each unit will consist of one common share and one-half non-transferrable common share purchase warrant. Each warrant will entitle the holder to purchase one common share at an exercise of CAD 0.25 for a period of 24 months. The transaction is expected to be close on or about February 26, 2021. The transaction is subject to final approval of the TSX Venture Exchange. All securities issued in the transaction have a hold period of four months. Is New 90 Day High Low • Feb 13
New 90-day high: CA$0.23 The company is up 109% from its price of CA$0.11 on 13 November 2020. The Canadian market is up 12% over the last 90 days, indicating the company outperformed over that time. It also outperformed the Pharmaceuticals industry, which is up 75% over the same period. Reported Earnings • Dec 02
Third quarter 2020 earnings released: CA$0.003 loss per share The company reported a solid third quarter result with reduced losses and improved revenues and control over expenses. Third quarter 2020 results: Revenue: CA$619.0k (up 67% from 3Q 2019). Net loss: CA$251.9k (loss narrowed 62% from 3Q 2019). Over the last 3 years on average, earnings per share has increased by 28% per year but the company’s share price has fallen by 20% per year, which means it is significantly lagging earnings. Announcement • Nov 13
Aequus Pharmaceuticals Inc. Announces Resignation of Anne Stevens as Chief Operating Officer Aequus Pharmaceuticals Inc. announced Ms. Anne Stevens is stepping down from her role as Chief Operating Officer. Ms. Stevens will remain a Director and will continue to serve on the Aequus Board of Directors. Announcement • Oct 20
Aequus Pharmaceuticals Inc. Receives Approval for New ‘Evolve - Intensive Gel’ Lubricating Eye Drops in Canada Aequus Pharmaceuticals Inc. announced that together with its partner, Medicom Healthcare Ltd. has been issued a new Medical Device License for the first of three product submissions made for the EvolveTM preservative free dry eye product line. The new Medical Device License has been issued for EvolveTM Intensive Gel – a unique cross linked combination of Carbomer 980, Hyaluronate and glycerol – which act together to provide intensive, durable hydration for patients with moderate to severe forms of Dry Eye Disease. The formulation will be made available in an easy-squeeze eye drop bottle, containing 360 drops, and no preservatives, phosphates or buffers. Announcement • Oct 17
Aequus Pharmaceuticals Inc. Extends Commercial Agreement for Specialty Product Tacrolimus IR in Canada with Sandoz Canada Inc Aequus Pharmaceuticals Inc. announced that it has agreed to an extension of terms for its promotional service agreement with Sandoz Canada Inc. (Sandoz) on tacrolimus immediate-release (Tacrolimus IR) to December 31, 2021. Aequus began promotional efforts in December 2015 for Sandoz’s generic tacrolimus, and has since achieved over 10x growth of the product in Canada through increased brand awareness, new patient adoption programs, and leveraging conversion experience and relationships across provinces. Announcement • Sep 24
Aequus Announces Expansion of Medicom Partnership and Filing with Health Canada for Additional Evolve Dry Eye Product Aequus Pharmaceuticals Inc. announced that it has expanded its partnership with Medicom Healthcare to include an additional formulation in the Evolve preservative free dry eye product line. Aequus has submitted an application for this new product with Health Canada for processing of a New Medical Device License. The new Evolve® product added to the existing Agreement is a unique preservative free formulation. The product formulation combines Hyaluronate and Carbomer 980 for the treatment of patients with more intense dry eye symptoms. With the addition of this product to the Health Canada submission, Aequus plans to launch a full range of products designed to treat patients suffering from mild to more intensive forms of dry eye disease, later in 2020. The new Evolve® product added to the existing Agreement is a unique preservative free formulation. The product formulation combines Hyaluronate and Carbomer 980 for the treatment of patients with more intense dry eye symptoms. With the addition of this product to the Health Canada submission, Aequus plans to launch a full range of products designed to treat patients suffering from mild to more intensive forms of dry eye disease, later in 2020. Announcement • Aug 07
Aequus Pharmaceuticals Inc. has completed a Composite Units Offering in the amount of CAD 2.5 million. Aequus Pharmaceuticals Inc. has completed a Composite Units Offering in the amount of CAD 2.5 million.
Security Name: Units
Security Type: Equity/Derivative Unit
Securities Offered: 31,250,000
Price\Range: CAD 0.08
Discount Per Security: CAD 0.004
Transaction Features: Regulation S Announcement • Jul 20
Aequus Pharmaceuticals Inc.(TSXV:AQS) dropped from S&P/TSX Venture Composite Index Aequus Pharmaceuticals Inc.(TSXV:AQS) dropped from S&P/TSX Venture Composite Index