Medicure Management

Management criteria checks 4/4

We currently do not have sufficient information about the CEO.

Key information

Albert Friesen

Chief executive officer

CA$232.2k

Total compensation

CEO salary percentage	93.0%
CEO tenure	27.2yrs
CEO ownership	22.7%
Management average tenure	5.3yrs
Board average tenure	19yrs

Recent management updates

Recent updates

CEO Compensation Analysis

How has Albert Friesen's remuneration changed compared to Medicure's earnings?
Date	Total Compensation	Salary	Company Earnings
Jun 30 2024	n/a	n/a	-CA$3m
Mar 31 2024	n/a	n/a	-CA$1m
Dec 31 2023	CA$232k	CA$216k	-CA$922k
Sep 30 2023	n/a	n/a	CA$1m
Jun 30 2023	n/a	n/a	CA$2m
Mar 31 2023	n/a	n/a	CA$1m
Dec 31 2022	CA$238k	CA$216k	CA$1m
Sep 30 2022	n/a	n/a	CA$3m
Jun 30 2022	n/a	n/a	CA$760k
Mar 31 2022	n/a	n/a	CA$803k
Dec 31 2021	CA$324k	CA$302k	-CA$727k
Sep 30 2021	n/a	n/a	-CA$7m
Jun 30 2021	n/a	n/a	-CA$7m
Mar 31 2021	n/a	n/a	-CA$6m
Dec 31 2020	CA$331k	CA$331k	-CA$7m
Sep 30 2020	n/a	n/a	-CA$18m
Jun 30 2020	n/a	n/a	-CA$18m
Mar 31 2020	n/a	n/a	-CA$18m
Dec 31 2019	CA$347k	CA$331k	-CA$20m
Sep 30 2019	n/a	n/a	-CA$3m
Jun 30 2019	n/a	n/a	-CA$3m
Mar 31 2019	n/a	n/a	-CA$189k
Dec 31 2018	CA$315k	CA$315k	CA$4m
Sep 30 2018	n/a	n/a	CA$10m
Jun 30 2018	n/a	n/a	CA$12m
Mar 31 2018	n/a	n/a	CA$12m
Dec 31 2017	CA$440k	CA$315k	CA$11m

Compensation vs Market: Albert's total compensation ($USD166.08K) is below average for companies of similar size in the German market ($USD471.55K).

Compensation vs Earnings: Albert's compensation has been consistent with company performance over the past year.

CEO

Albert Friesen (77 yo)

27.2yrs

Tenure

CA$232,200

Compensation

Dr. Albert David Friesen, Ph.D. serves as Chief Executive Officer and Corporate Secretary and Director at Buffalo Capital Inc. Dr. Friesen serves as Chief Executive Officer at Canam Bioresearch Inc. Dr. Fr...

Leadership Team

Name	Position	Tenure	Compensation	Ownership
Albert Friesen	Founder	no data	CA$232.20k	22.67% € 1.5m
Neil Owens	President & COO	5.4yrs	CA$220.38k	0.061% € 3.9k
Haaris Uddin	Chief Financial Officer	2.4yrs	CA$128.20k	no data
Reuben Saba	Vice President of Scientific & Medical Affairs	5.3yrs	CA$151.00k	no data

5.3yrs

Average Tenure

Experienced Management: NGQ1's management team is seasoned and experienced (5.3 years average tenure).

Board Members

Name	Position	Tenure	Compensation	Ownership
Albert Friesen	Founder	27.2yrs	CA$232.20k	22.67% € 1.5m
Arnold Naimark	Independent Director	24.8yrs	CA$15.00k	0.81% € 51.6k
Peter Quick	Independent Director	19yrs	CA$10.00k	0.70% € 44.9k
Jeffrey Weitz	Member of Scientific Advisory Board	no data	no data	no data
Pierre Theroux	Member of Scientific Advisory Board	no data	no data	no data
Morris Karmazyn	Member of Scientific Advisory Board	no data	no data	no data
Stephen Hanessian	Member of Scientific Advisory Board	no data	no data	no data
Paul Armstrong	Chairman of Scientific Advisory Board	no data	no data	no data
Trevor Hassell	Member of Scientific Advisory Board	no data	no data	0.020% € 1.3k
A. Lincoff	Member of Scientific Advisory Board	18.9yrs	no data	no data
Brent Fawkes	Independent Director	11.8yrs	CA$15.00k	0.55% € 35.2k
James Kinley	Director	2.4yrs	CA$10.00k	0.45% € 28.9k

19.0yrs

Average Tenure

68yo

Average Age

Experienced Board: NGQ1's board of directors are seasoned and experienced ( 19 years average tenure).

Medicure Management

Management criteria checks 4/4

Key information

Recent management updates

Medicure Inc. Announces Resignation of Kimberly Kramchynsky as Member of the Board of Directors

Medicure Inc. Appoints Kimberly Kramchynsky, Known as Kim Kline as Director

Medicure Inc., Annual General Meeting, May 28, 2024

Medicure Inc. Announces Resignation of Gerald McDole as Member of the Board of Directors

Insufficient new directors

Medicure Inc. Appoints James Kinley as Director

Recent updates

Medicure Inc. Announces Resignation of Kimberly Kramchynsky as Member of the Board of Directors

Medicure Inc. to Report Q3, 2024 Results on Nov 25, 2024

Second quarter 2024 earnings released: CA$0.12 loss per share (vs CA$0.024 profit in 2Q 2023)

Now 26% undervalued after recent price drop

Medicure Inc. Appoints Kimberly Kramchynsky, Known as Kim Kline as Director

First quarter 2024 earnings released

Now 26% undervalued after recent price drop

Now 25% undervalued after recent price drop

Medicure Inc., Annual General Meeting, May 28, 2024

Full year 2023 earnings released: CA$0.088 loss per share (vs CA$0.13 profit in FY 2022)

Medicure Inc. to Report Fiscal Year 2023 Results on Apr 08, 2024

Investor sentiment improves as stock rises 16%

Investor sentiment improves as stock rises 29%

Medicure Inc. Announces FDA Provides Complete Approval to Enroll Patients in Its Pivotal Phase 3 Trial for Treatment of Rare Pediatric Disease

Third quarter 2023 earnings released: EPS: CA$0.01 (vs CA$0.11 in 3Q 2022)

Investor sentiment improves as stock rises 21%

Investor sentiment improves as stock rises 20%

Second quarter 2023 earnings released: EPS: CA$0.02 (vs CA$0.067 loss in 2Q 2022)

Medicure Inc. to Report Q2, 2023 Results on Jul 28, 2023

First quarter 2023 earnings released: EPS: CA$0.03 (vs CA$0.047 in 1Q 2022)

Full year 2022 earnings released: EPS: CA$0.13 (vs CA$0.071 loss in FY 2021)

Medicure Inc. Announces Resignation of Gerald McDole as Member of the Board of Directors

Third quarter 2022 earnings released: EPS: CA$0.11 (vs CA$0.092 loss in 3Q 2021)

Medicure Inc. to Report Q3, 2022 Results on Nov 25, 2022

Insufficient new directors

Second quarter 2022 earnings released: CA$0.067 loss per share (vs CA$0.062 loss in 2Q 2021)

Medicure Inc. to Report Q2, 2022 Results on Aug 24, 2022

Medicure Inc. Appoints James Kinley as Director

Investor sentiment improved over the past week

First quarter 2022 earnings released

Medicure Inc. Appoints Haaris Uddin as Chief Financial Officer, Effective June 1, 2022

Full year 2021 earnings released: CA$0.07 loss per share (vs CA$0.64 loss in FY 2020)

Insufficient new directors

Medicure Inc., Annual General Meeting, Jun 16, 2022

Medicure Plans to Launch Innovative E-Commerce Pharmacy Platform Offering Hundreds of Medications Directly to Millions of Americans

Third quarter 2021 earnings: EPS in line with expectations, revenues disappoint

Second quarter 2021 earnings released: CA$0.06 loss per share (vs CA$0.002 profit in 2Q 2020)

CFO & Secretary has left the company

First quarter 2021 earnings released

Full year 2020 earnings released

New 90-day high: €1.10

Medicure Announces Early Completion of Enrollment for iSPASM

New 90-day high: €0.88

New 90-day high: €0.69

New 90-day low: €0.49

Medicure Inc. to Report Q3, 2020 Results on Nov 11, 2020

New 90-day low: €0.51

New 90-day low: €0.59

New 90-day high - €0.78

First half earnings released

Medicure Inc. to Report Q2, 2020 Results on Aug 11, 2020

Medicure Inc.(TSXV:MPH) dropped from S&P/TSX Venture Composite Index

CEO Compensation Analysis

CEO

Tenure

Compensation

Leadership Team

Average Tenure

Board Members

Average Tenure

Average Age