PXMD (PaxMedica) Beginning Cash Position: $0.32 Mil (As of Sep. 2024)

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What is PaxMedica Beginning Cash Position?

PaxMedica PXMD -28.57% Beginning Cash Position is $0.32 Mil as of Sep. 2024.

PaxMedica's Beginning Cash Position for the quarter that ended in Sep. 2024 was $0.32 Mil.

PaxMedica's quarterly Beginning Cash Position declined from Mar. 2024 ($4.71 Mil) to Jun. 2024 ($1.63 Mil) and declined from Jun. 2024 ($1.63 Mil) to Sep. 2024 ($0.32 Mil).

PaxMedica's annual Beginning Cash Position declined from Dec. 2021 ($1.12 Mil) to Dec. 2022 ($0.44 Mil) but then increased from Dec. 2022 ($0.44 Mil) to Dec. 2023 ($1.90 Mil).

PaxMedica Beginning Cash Position Related Terms

PaxMedica Beginning Cash Position Historical Data

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The historical data trend for PaxMedica's Beginning Cash Position can be seen below:

* For Operating Data section: All numbers are indicated by the unit behind each term and all currency related amount are in USD.
* For other sections: All numbers are in millions except for per share data, ratio, and percentage. All currency related amount are indicated in the company's associated stock exchange currency.

PaxMedica Beginning Cash Position Chart

PaxMedica Annual Data
Trend Dec18 Dec19 Dec20 Dec21 Dec22 Dec23
Beginning Cash Position
Get a 7-Day Free Trial 0.01 0.03 1.12 0.44 1.90

PaxMedica Quarterly Data
Dec19 Mar20 Jun20 Sep20 Dec20 Mar21 Jun21 Sep21 Dec21 Mar22 Jun22 Sep22 Dec22 Mar23 Jun23 Sep23 Dec23 Mar24 Jun24 Sep24
Beginning Cash Position Get a 7-Day Free Trial Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only 3.07 1.15 4.71 1.63 0.32

PaxMedica Beginning Cash Position Calculation

Beginning Cash Position is the cash and equivalents balance at the beginning of the accounting period, as indicated on the Cash Flow statement.

What does a Beginning Cash Position of $0.32 Mil mean?
PaxMedica (PXMD) has a Beginning Cash Position of $0.32 Mil as of Sep. 2024. Beginning Cash Position is the cash and equivalents balance at the beginning of the accounting period, as indicated on the Cash Flow statement. View historical data on PaxMedica and its competitors.
Is PaxMedica's Beginning Cash Position too high?
PaxMedica's current Beginning Cash Position is $0.32 Mil.
How does PaxMedica's Beginning Cash Position compare to BTAX and NBIO?
PaxMedica's Beginning Cash Position of $0.32 Mil can be compared against companies in the Biotechnology industry. See the competitive comparison table and distribution chart on this page for a detailed peer-by-peer breakdown.
What is a good Beginning Cash Position for a Biotechnology company?
A good Beginning Cash Position depends on the Biotechnology industry context. However, Beginning Cash Position should not be evaluated in isolation — investors should consider it alongside profitability, growth, and financial strength metrics. Use the industry distribution chart on this page to see where any company falls relative to its peers.
What does a high Beginning Cash Position mean?
A high Beginning Cash Position can signal that a stock is expensive relative to its fundamentals. Beginning Cash Position is the cash and equivalents balance at the beginning of the accounting period, as indicated on the Cash Flow statement. View historical data on PaxMedica and its competitors. PaxMedica's current Beginning Cash Position is $0.32 Mil. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is PaxMedica stock overvalued right now?
PaxMedica (PXMD) has a current Beginning Cash Position of $0.32 Mil. The current Beginning Cash Position is $0.32 Mil. Investors should evaluate multiple metrics — including profitability, growth, and financial strength — before making a decision.
How is Beginning Cash Position calculated?
Beginning Cash Position is calculated from a company's financial statements. For PaxMedica (PXMD), the current Beginning Cash Position is $0.32 Mil as of Sep. 2024. GuruFocus calculates this using data sourced from SEC filings and annual reports. See the calculation section and 30-year financial data on this page for the full breakdown.

PaxMedica Business Description

Address 303 South Broadway, Suite 125, Tarrytown, NJ, USA, 10591
PaxMedica Inc is a clinical-stage biopharmaceutical company focusing on the development of anti-purinergic drug therapies (APT) for the treatment of disorders with intractable neurologic symptoms, ranging from neurodevelopmental disorders, including autism spectrum disorder (ASD), to Myalgic Encephalomyelitis/Chronic Fatigue Syndrome (ME/CFS), a debilitating physical and cognitive disorder believed to be viral in origin and now with rising incidence globally due to the long term effects of SARS-CoV-2 (COVID-19). The company's product candidate under development is PAX-101, an intravenous formulation of suramin, which it is developing for multiple indications, including East African HAT, ASD, ME/CFS, and LCS.