Pardes Biosciences, Inc.

NasdaqGM:PRDS Stock Report

Market Cap: US$131.2m

This company has been acquired

The company may no longer be operating, as it has been acquired. Find out why through their latest events.

Pardes Biosciences Management

Management criteria checks 1/4

Pardes Biosciences' CEO is Tom Wiggans, appointed in Mar 2022, has a tenure of 1.5 years. total yearly compensation is $5.26M, comprised of 9.9% salary and 90.1% bonuses, including company stock and options. directly owns 0.082% of the company’s shares, worth $107.99K. The average tenure of the management team and the board of directors is 2.7 years and 2.4 years respectively.

Key information

Tom Wiggans

Chief executive officer

US$5.3m

Total compensation

CEO salary percentage9.91%
CEO tenure1.5yrs
CEO ownership0.08%
Management average tenure2.7yrs
Board average tenure2.4yrs

Recent management updates

Recent updates

Analysis Article • Jul 18

We're Keeping An Eye On Pardes Biosciences' (NASDAQ:PRDS) Cash Burn Rate

There's no doubt that money can be made by owning shares of unprofitable businesses. For example, although Amazon.com...
Analysis Article • Jan 20

Here's Why We're Watching Pardes Biosciences' (NASDAQ:PRDS) Cash Burn Situation

Just because a business does not make any money, does not mean that the stock will go down. For example, although...
Analysis Article • Oct 01

We Think Pardes Biosciences (NASDAQ:PRDS) Needs To Drive Business Growth Carefully

Just because a business does not make any money, does not mean that the stock will go down. For example, although...
Seeking Alpha • Sep 13

Pardes begins phase 2 trial of oral drug PBI-0451 for COVID-19

Pardes Biosciences (NASDAQ:PRDS) said it began a phase 2 trial of oral drug PBI-0451 to treat non-hospitalized symptomatic adults with COVID-19 who are not at increased risk of progressing to severe illness. The company expects to enroll 210 patients in the study at ~75 sites in the U.S. to evaluate antiviral activity, safety, and efficacy of PBI-0451, compared to placebo. The main goal will be to determine the proportion of patients below the detection limit (in nasal swab samples) for infectious SARS-CoV-2, on day three, the company said in a Sept. 13 press release. "PBI-0451 has the potential to be a stand-alone SARS-CoV-2 protease inhibitor that can be easily prescribed and administered to alleviate the burden of COVID-19 to patients and healthcare systems," said Pardes Chair and CEO Tom Wiggans. The company expects interim data from the study in Q1 2023.
Seeking Alpha • Aug 15

Pardes Biosciences GAAP EPS of -$0.48

Pardes Biosciences press release (NASDAQ:PRDS): Q2 GAAP EPS of -$0.48. Pardes’ cash and cash equivalents as of June 30, 2022, were $228.6M compared to $247.9M as of March 31, 2022. The company expects that the cash and cash equivalents it had on hand as of June 30, 2022, will be sufficient to fund operating expenses and capital expenditures into the second half of 2023.
Analysis Article • Jun 14

Pardes Biosciences (NASDAQ:PRDS) Is In A Good Position To Deliver On Growth Plans

There's no doubt that money can be made by owning shares of unprofitable businesses. For example, although...
Seeking Alpha • Jan 21

Pardes Biosciences: Advancing A Viral Protease Inhibitor Platform

Pardes Biosciences is developing a novel coronavirus protease inhibitor platform that is extendable to other variants and viruses. The company’s lead candidate demonstrated selective activity against multiple coronaviruses, including SARS-CoV-2 and its variants, and other viruses like SARS, MERS, and even related to common cold. The company recently consummated a business combination and began trading on NASDAQ from 12/27/2021.

CEO Compensation Analysis

How has Tom Wiggans's remuneration changed compared to Pardes Biosciences's earnings?
DateTotal CompensationSalaryCompany Earnings
Jun 30 2023n/an/a

-US$76m

Mar 31 2023n/an/a

-US$93m

Dec 31 2022US$5mUS$521k

-US$97m

Compensation vs Market: Tom's total compensation ($USD5.26M) is above average for companies of similar size in the US market ($USD758.93K).

Compensation vs Earnings: Insufficient data to compare Tom's compensation with company performance.

CEO

Tom Wiggans (71 yo)

1.5yrs
Tenure
US$5,255,958
Compensation

Mr. Thomas G. Wiggans, also known as Tom, serves as Independent Director at CymaBay Therapeutics, Inc. since April 2021. He serves as an Executive Chairman of Follica, Inc. since January 2021. He serves as...

Leadership Team

NamePositionTenureCompensationOwnership
Thomas Wiggans
CEO & Chairman of the Board1.5yrsUS$5.26m0.082%
$ 108.0k
Uri Lopatin
Founder & Directorno dataUS$3.52m9.35%
$ 12.3m
Heidi Henson
Chief Financial Officer2.7yrsUS$1.82m0.52%
$ 684.2k
Elizabeth Lacy
General Counsel & Corporate Secretary2.7yrsno data0.35%
$ 456.1k
2.7yrs
Average Tenure
56.5yo
Average Age

Experienced Management: PRDS's management team is considered experienced (2.7 years average tenure).

Board Members

NamePositionTenureCompensationOwnership
Thomas Wiggans
CEO & Chairman of the Board1.5yrsUS$5.26m0.082%
$ 108.0k
Uri Lopatin
Founder & Director3.6yrsUS$3.52m9.35%
$ 12.3m
James Tananbaum
Director2.7yrsUS$110.69kno data
Mark Auerbach
Independent Director2.7yrsUS$170.69k0.12%
$ 152.0k
Michael Varney
Independent Director & Member of Scientific Advisory Board3.1yrsUS$153.69k0.12%
$ 152.0k
J. Lobell
Independent Director2.7yrsUS$163.19k2.25%
$ 2.9m
John Pottage
Independent Director1yrUS$147.00k0%
$ 0
Laura Hamill
Independent Director2.2yrsUS$161.19k0%
$ 0
Laurie Smaldone Alsup
Lead Independent Director1yrUS$146.94k0%
$ 0
Deborah Autor
Independent Director2.2yrsUS$153.69k0%
$ 0
Brad Jenkins
Member of Commercial Advisory Boardno datano datano data
2.4yrs
Average Tenure
62.5yo
Average Age

Experienced Board: PRDS's board of directors are not considered experienced ( 2.4 years average tenure), which suggests a new board.

Company Analysis and Financial Data Status

DataLast Updated (UTC time)
Company Analysis2023/09/01 15:38
End of Day Share Price 2023/08/30 00:00
Earnings2023/06/30
Annual Earnings2022/12/31

Data Sources

The data used in our company analysis is from S&P Global Market Intelligence LLC. The following data is used in our analysis model to generate this report. Data is normalised which can introduce a delay from the source being available.

PackageDataTimeframeExample US Source *
Company Financials10 years
  • Income statement
  • Cash flow statement
  • Balance sheet
Analyst Consensus Estimates+3 years
  • Forecast financials
  • Analyst price targets
Market Prices30 years
  • Stock prices
  • Dividends, Splits and Actions
Ownership10 years
  • Top shareholders
  • Insider trading
Management10 years
  • Leadership team
  • Board of directors
Key Developments10 years
  • Company announcements

* Example for US securities, for non-US equivalent regulatory forms and sources are used.

Unless specified all financial data is based on a yearly period but updated quarterly. This is known as Trailing Twelve Month (TTM) or Last Twelve Month (LTM) Data. Learn more.

Analysis Model and Snowflake

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Learn about the world class team who designed and built the Simply Wall St analysis model.

Industry and Sector Metrics

Our industry and section metrics are calculated every 6 hours by Simply Wall St, details of our process are available on Github.

Analyst Sources

Pardes Biosciences, Inc. is covered by 3 analysts. 1 of those analysts submitted the estimates of revenue or earnings used as inputs to our report. Analysts submissions are updated throughout the day.

AnalystInstitution
Douglas BuchananCitizens JMP Securities, LLC
Yuchen DingJefferies LLC
Roanna Clarissa RuizLeerink Partners LLC