Medicenna Therapeutics Management

Management criteria checks 3/4

Medicenna Therapeutics' CEO is Fahar Merchant, appointed in Oct 2011, has a tenure of 12.58 years. total yearly compensation is CA$877.19K, comprised of 48.8% salary and 51.2% bonuses, including company stock and options. directly owns 10.59% of the company’s shares, worth $12.43M. The average tenure of the management team and the board of directors is 9.7 years and 2.3 years respectively.

Key information

Fahar Merchant

Chief executive officer

CA$877.2k

Total compensation

CEO salary percentage	48.8%
CEO tenure	12.6yrs
CEO ownership	10.6%
Management average tenure	9.7yrs
Board average tenure	2.3yrs

Recent management updates

Recent updates

Medicenna extends period to exercise certain warrants

Sep 30

Medicenna, Merck enter clinical trial collaboration to evaluate combo cancer treatment

Sep 13

CEO Compensation Analysis

How has Fahar Merchant's remuneration changed compared to Medicenna Therapeutics's earnings?
Date	Total Compensation	Salary	Company Earnings
Dec 31 2023	n/a	n/a	-CA$15m
Sep 30 2023	n/a	n/a	-CA$12m
Jun 30 2023	n/a	n/a	-CA$9m
Mar 31 2023	CA$877k	CA$428k	-CA$10m
Dec 31 2022	n/a	n/a	-CA$9m
Sep 30 2022	n/a	n/a	-CA$13m
Jun 30 2022	n/a	n/a	-CA$20m
Mar 31 2022	CA$894k	CA$436k	-CA$23m
Dec 31 2021	n/a	n/a	-CA$25m
Sep 30 2021	n/a	n/a	-CA$26m
Jun 30 2021	n/a	n/a	-CA$21m
Mar 31 2021	CA$868k	CA$543k	-CA$17m
Dec 31 2020	n/a	n/a	-CA$14m
Sep 30 2020	n/a	n/a	-CA$11m
Jun 30 2020	n/a	n/a	-CA$9m
Mar 31 2020	CA$852k	CA$411k	-CA$8m
Dec 31 2019	n/a	n/a	-CA$7m
Sep 30 2019	n/a	n/a	-CA$6m
Jun 30 2019	n/a	n/a	-CA$5m
Mar 31 2019	CA$565k	CA$375k	-CA$5m
Dec 31 2018	n/a	n/a	-CA$5m
Sep 30 2018	n/a	n/a	-CA$5m
Jun 30 2018	n/a	n/a	-CA$6m
Mar 31 2018	CA$907k	CA$380k	-CA$7m

Compensation vs Market: Fahar's total compensation ($USD637.55K) is about average for companies of similar size in the US market ($USD667.63K).

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

CEO

Fahar Merchant (66 yo)

12.6yrs

Tenure

CA$877,185

Compensation

Dr. Fahar Merchant, Ph.D. serves as the Chairman, Chief Executive Officer and President at A2 Acquisition Corp. Dr. Merchant has been President and Chief Executive Officer and Director of Medicenna Therape...

Leadership Team

Name	Position	Tenure	Compensation	Ownership
Fahar Merchant	Founder	12.6yrs	CA$877.19k	10.59% CA$ 12.4m
Rosemina Merchant	Founder & Chief Development Officer	13.1yrs	CA$613.71k	10.59% CA$ 12.4m
David Hyman	Chief Financial Officer	less than a year	no data	0.029% CA$ 33.7k
Samuel Denmeade	Scientific Advisor	no data	no data	no data

9.7yrs

Average Tenure

66yo

Average Age

Experienced Management: MDNA.F's management team is seasoned and experienced (9.7 years average tenure).

Board Members

Name	Position	Tenure	Compensation	Ownership
Fahar Merchant	Founder	12.6yrs	CA$877.19k	10.59% CA$ 12.4m
John Geltosky	Independent Director	3.7yrs	CA$117.45k	no data
Karen Dawes	Independent Director	4.7yrs	CA$123.70k	0.036% CA$ 42.2k
Albert Beraldo	Lead Independent Director	7.5yrs	CA$142.95k	0.47% CA$ 548.0k
Lillian Siu	Member of Clinical Advisory Board	2.2yrs	no data	no data
David Mooney	Member of Scientific Advisory Board	2.3yrs	no data	no data
John Sampson	Independent Director	2.7yrs	CA$111.83k	no data
Sergio Quezada	Chairman of Scientific Advisory Board	2.3yrs	no data	no data
Paolo Ascierto	Member of Clinical Advisory Board	2.2yrs	no data	no data
Burkhard Becher	Member of Scientific Advisory Board	2.3yrs	no data	no data
William Redmond	Member of Scientific Advisory Board	2.3yrs	no data	no data
Hussein Tawbi	Member of Clinical Advisory Board	2.2yrs	no data	no data

2.3yrs

Average Tenure

68yo

Average Age

Experienced Board: MDNA.F's board of directors are not considered experienced ( 2.3 years average tenure), which suggests a new board.

Medicenna Therapeutics Management

Management criteria checks 3/4

Key information

Recent management updates

Medicenna Therapeutics Corp. Announces the Departure of Jeff Caravella as Chief Financial Officer

Medicenna Therapeutics Appoints Humphrey Gardner, as Chief Medical Officer

Medicenna Therapeutics Corp. Announces the Appointment of Jeff Caravella as Chief Financial Officer

Medicenna Therapeutics Corp. Announces Departure of Elizabeth Williams as Chief Financial Officer

Medicenna Therapeutics Corp. Appoints Dr. Arash Yavari as Chair of Development Advisory Committee

Medicenna Therapeutics Corp., Annual General Meeting, Sep 28, 2023

Recent updates

Medicenna Therapeutics Corp. announced that it has received CAD 20 million in funding from RA Capital Management, L.P.

Medicenna Therapeutics Corp. announced that it expects to receive CAD 20 million in funding from RA Capital Management, L.P.

Medicenna Therapeutics Corp. Presents Updated Results of Single Agent MDNA11 Anti-Tumor Activity from Dose Escalation and Ongoing Dose Expansion of the Phase 1/2 ABILITY-1 Study

Medicenna to Provide Clinical Update on the Mdna11 Ability-1 Trial At the Upcoming American Association for Cancer Research Annual Meeting

Medicenna Therapeutics Corp. Announces First Patient Dosed in ABILITY-1 Study of MDNA11 in Combination with Keytruda® (Pembrolizumab) in Patients with Advanced Solid Tumors

Medicenna Therapeutics Corp. Announces Initiation of Enrollment in Combination Arm of Phase 1/2 ABILITY Study Evaluating MDNA11 with Merck’s Pembrolizumab

Medicenna Therapeutics Corp. Announces A Poster Presentation and an Oral Summary Highlighting Long-term Follow-up Up Results from the Phase 2b Clinical Trial of Bizaxofusp

Medicenna Therapeutics Corp. to Present 4 Year Follow-Up Phase 2B Bizaxofusp Survival Data in Recurrent Glioblastoma At the Society for Neuro-Oncology 2023 Annual Meeting

Medicenna Therapeutics Corp. Promising Single-Agent Response and Durability of MDNA11 in the Phase 1/2 ABILITY Study During Dose Escalation at the 38th Annual Meeting of the Society for Immunotherapy of Cancer

Medicenna Presents Preclinical Data on MDNA113, its Targeted Metalloprotease Activated SuperKine (T-MASK) at the 38th Annual Meeting of the Society for Immunotherapy of Cancer (SITC)

Medicenna Therapeutics Corp.(NasdaqCM:MDNA) dropped from NASDAQ Composite Index

Medicenna Therapeutics Corp. Announces the Departure of Jeff Caravella as Chief Financial Officer

New major risk - Revenue and earnings growth

Medicenna Therapeutics Corp. Announces Dosing of the First Patient in the Phase 2 Monotherapy Dose Expansion Portion of the Phase 1/2 ABILITY

Medicenna Therapeutics Appoints Humphrey Gardner, as Chief Medical Officer

Medicenna Therapeutics Corp. Presents Preclinical MDNA223 BiSKIT Data at the AACR Special Conference on Tumor Immunology and Immunotherapy

Medicenna Therapeutics Corp. to Present at the AACR Special Conference Cancer Research: Tumor Immunology and Immunotherapy

Medicenna Therapeutics Corp. Announces the Appointment of Jeff Caravella as Chief Financial Officer

Medicenna Therapeutics Corp. Announces Departure of Elizabeth Williams as Chief Financial Officer

Medicenna Therapeutics Corp. Completes MDNA11 Dose Escalation and Commences Monotherapy Dose Expansion in the Phase 1/2 ABILITY Study

Medicenna Therapeutics Corp. Appoints Dr. Arash Yavari as Chair of Development Advisory Committee

Medicenna Therapeutics Corp., Annual General Meeting, Sep 28, 2023

Price target decreased by 8.9% to US$5.83

Medicenna Therapeutics Corp. to Report Q3, 2023 Results on Feb 07, 2023

High number of new and inexperienced directors

Medicenna Therapeutics Corp. Presents Updated Clinical Data from Dose Escalation Portion of Phase 1/2 Ability Study of Mdna11 At the Sitc Annual Meeting

Medicenna Receives Nasdaq Deficiency Notice Regarding Minimum Bid Price Requirement

Lead Independent Director recently bought US$54k worth of stock

Medicenna extends period to exercise certain warrants

Medicenna Therapeutics Corp. Confirms Partial Response in Pancreatic Cancer and Clinical Update on MDNA11’s Monotherapy Dose Escalation Portion of the Ongoing Phase 1/2 Ability Study

Medicenna Therapeutics Corp. Presents Preclinical Data Demonstrating Anti-Tumor Activity of Its Anti-Pd1-Il-2 Biskit and Long-Acting Il-4/Il-13 Super-Antagonist At Cytokines 2022

Medicenna Therapeutics Corp. Announces Clinical Collaboration with Merck to evaluate MDNA11 in combination with KEYTRUDA® (pembrolizumab) in ABILITY Trial

Medicenna, Merck enter clinical trial collaboration to evaluate combo cancer treatment

Price target decreased to US$7.00

Medicenna Therapeutics GAAP EPS of -$0.07 in-line

Medicenna Therapeutics Corp. has completed a Composite Units Offering in the amount of $20.000001 million.

Medicenna Therapeutics Corp. has completed a Composite Units Offering in the amount of $20.000001 million.

Medicenna Therapeutics stock slides on launch of units offering

Medicenna Therapeutics Corp. to Report Q1, 2023 Results on Aug 15, 2022

Medicenna Announces New Clinical Data Providing Preliminary Evidence of MDNA11’s Single Agent Anti-Cancer Activity in the Phase 1/2 ABILITY Study

Medicenna Therapeutics Corp., Annual General Meeting, Sep 21, 2022

No longer forecast to breakeven

Price target decreased to US$8.40

Price target increased to US$10.50

Medicenna Therapeutics Corp. to Report Fiscal Year 2022 Results on Jun 22, 2022

Medicenna Therapeutics Corp. to Report Fiscal Year 2022 Results on Jun 22, 2022

Medicenna Therapeutics Corp. Presents Phase 1/2 Ability Study Data Highlighting Mdna11's Favorable Clinical Profile At the 2022 Frontiers in Cancer Immunotherapy Meeting

Medicenna Therapeutics Corp. Announces New Clinical Data Showing Dose-Dependent Stimulation of Anti-Cancer Immune Cells with MDNA11 in the Phase 1/2 Ability Study

High number of new and inexperienced directors

Medicenna Announces Preclinical Data Highlighting the Potent Anti-Tumor Efficacy of Anti-PD1-IL-2 BiSKIT at the AACR Annual Meeting

Forecast to breakeven in 2025

Price target decreased to US$9.20

Medicenna Therapeutics Corp. Announces Management Changes

High number of new and inexperienced directors

High number of new and inexperienced directors

Medicenna Therapeutics Corp. to Report Q3, 2022 Results on Feb 09, 2022

Medicenna Therapeutics Corp. Announces Board Appointments

Medicenna Announces Peer-Reviewed Publication of Preclinical Data on MDNA11 in the Journal for ImmunoTherapy of Cancer

Medicenna Therapeutics Corp. Announces Preliminary Clinical Data Showing Preferential Stimulation of Anti-Cancer Immune Cells with Mdna11 Treatment in the Phase 1/2 Ability Study

Medicenna Therapeutics Corp. Receives Regulatory Clearance to Expand the Phase 1/2 ABILITY Study of MDNA11 to Canada

Founder recently bought US$85k worth of stock

Medicenna Therapeutics Corp. Doses First Patient in MDNA11 Phase 1/2 Ability Study

Medicenna’s IL-2 Superkine Platform Featured in Peer-Reviewed Publication Demonstrating Its Superiority and Ability to Reprogram the Tumor Microenvironment in Pancreatic Cancer

Medicenna Therapeutics Corp. Announces Submission of Clinical Trial Application in Australia for A Phase 1/2 Study of Mdna11

Medicenna Therapeutics reports FY results

Medicenna Therapeutics Corp. Announces Peer-Reviewed Publication of Clinical Data from Phase 2B Trial Evaluating Mdna55 in Recurrent Glioblastoma

Medicenna posts positive data from mid-stage brain cancer study

New 90-day low: US$3.68

Medicenna announces ATM sales facility for $25M