PDSB on Nasdaq
PDS Biotechnology Corp
American pharmaceutical preparations company based in Berkeley Heights. Summary from the record
Price unavailable
Last updated Oct 19, 2026.
Overview
- TickerPDSB on Nasdaq2
- IndustryPharmaceutical Preparations2
- HeadquartersBerkeley Heights, United States2
- Incorporated inDE3
- Business address303A College Road East, Princeton, Nj 085403
- Filer categoryNon-accelerated filer, Smaller reporting company3
- Legal formCorporation2
- LEI5493002KU8ACFTSMC9352
- StatusActive2
- LEI statusLapsed (not renewed)2
- Registered addressC/O THE CORPORATION TRUST COMPANY, 19801 Wilmington, United States2
- Registered withDivision of Corporations, Department of State, 46475962
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Versamune® products, including PDS0101 (Versamune® HPV), PDS0103, and others, alone or in combination with PDS01ADC ( formerly known as PDS0301/M9241/NHS-IL-12) , as well as Infectimune® based products and the future success of such trials;4 From its latest annual report
Financials
From the company’s reports to the SEC. Every number links to the filing it came from.
Financial statements
Every line of the income statement as filed: the last 2 fiscal years, latest first.10
| Period ending | 2025-12-31 | 2024-12-31 |
|---|---|---|
| Research and development expenses | $19.0M | $22.6M |
| General and administrative expenses | $12.5M | $13.8M |
| Total operating expenses | $31.5M | $36.3M |
| Loss from operations | -$31.5M | -$36.3M |
| Interest income | $1.2M | $2.5M |
| Interest expense | -$5.3M | -$4.7M |
| Interest income (expenses), net | -$4.1M | -$2.2M |
| Loss before income taxes | -$35.7M | -$38.5M |
| Benefit for income taxes | $1.2M | $869.2K |
| Net loss | -$34.5M | -$37.6M |
| Comprehensive loss | -$34.5M | -$37.6M |
| Net loss per share, basic (in dollars per share) | -$0.74 | -$1.03 |
| Net loss per share, diluted (in dollars per share) | -$0.74 | -$1.03 |
| Weighted average common shares outstanding, basic (in shares) | 46.4M shares | 36.5M shares |
| Weighted average common shares outstanding, diluted (in shares) | 46.4M shares | 36.5M shares |
No quarter-by-quarter statement was filed.
Every line of the balance sheet as filed: the last 5 fiscal years (annual) or 9 quarters (quarterly), latest first.10
| Period ending | 2025-12-31 | 2025-09-30 | 2025-06-30 | 2025-03-31 | 2024-12-31 |
|---|---|---|---|---|---|
| Cash and cash equivalents | $26.7M | $41.7M | |||
| Prepaid expenses and other assets | $1.5M | $3.4M | |||
| Total current assets | $28.3M | $45.1M | |||
| Prepaid expenses | $2.0M | $0 | |||
| Property and equipment, net | $120.2K | $142.0K | |||
| Financing lease right-of-use assets | $123.5K | $162.2K | |||
| Total assets | $30.5M | $45.4M | |||
| Accounts payable | $3.6M | $1.7M | |||
| Accrued expenses | $742.2K | $2.8M | |||
| Current portion of notes payable | $5.1M | $12.5M | |||
| Financing lease obligation - short term | $36.2K | $61.1K | |||
| Total current liabilities | $9.5M | $17.1M | |||
| Note payable, net of current portion | $11.7M | $9.2M | |||
| Financing lease obligation-long term | $25.7K | $61.9K | |||
| Total liabilities | $21.2M | $26.4M | |||
| Common stock, $0.00033 par value, 150,000,000 shares authorized at December 31, 2025 and December 31, 2024, 54,878,233 shares and 37,987,380 shares issued and outstanding at December 31, 2025 and December 31, 2024, respectively | $18.1K | $12.5K | |||
| Additional paid-in capital | $225.8M | $201.1M | |||
| Accumulated deficit | -$216.6M | -$182.1M | |||
| Total stockholders' equity | $9.3M | $9.5M | $16.0M | $22.4M | $19.0M |
| Total liabilities and stockholders' equity | $30.5M | $45.4M | |||
| Common stock, par value (in dollars per share) | $0.00 | $0.00 | |||
| Common stock, shares authorized (in shares) | 150.0M shares | 150.0M shares | |||
| Common stock, shares issued (in shares) | 54.9M shares | 38.0M shares | |||
| Common stock, shares outstanding (in shares) | 54.9M shares | 38.0M shares |
| Period ending | 2025-12-31 | 2025-09-30 | 2025-06-30 | 2025-03-31 | 2024-12-31 | 2024-09-30 | 2024-06-30 | 2024-03-31 | 2023-12-31 |
|---|---|---|---|---|---|---|---|---|---|
| Cash and cash equivalents | $26.7M | $41.7M | |||||||
| Prepaid expenses and other assets | $1.5M | $3.4M | |||||||
| Total current assets | $28.3M | $45.1M | |||||||
| Prepaid expenses | $2.0M | $0 | |||||||
| Property and equipment, net | $120.2K | $142.0K | |||||||
| Financing lease right-of-use assets | $123.5K | $162.2K | |||||||
| Total assets | $30.5M | $45.4M | |||||||
| Accounts payable | $3.6M | $1.7M | |||||||
| Accrued expenses | $742.2K | $2.8M | |||||||
| Current portion of notes payable | $5.1M | $12.5M | |||||||
| Financing lease obligation - short term | $36.2K | $61.1K | |||||||
| Total current liabilities | $9.5M | $17.1M | |||||||
| Note payable, net of current portion | $11.7M | $9.2M | |||||||
| Financing lease obligation-long term | $25.7K | $61.9K | |||||||
| Total liabilities | $21.2M | $26.4M | |||||||
| Common stock, $0.00033 par value, 150,000,000 shares authorized at December 31, 2025 and December 31, 2024, 54,878,233 shares and 37,987,380 shares issued and outstanding at December 31, 2025 and December 31, 2024, respectively | $18.1K | $12.5K | |||||||
| Additional paid-in capital | $225.8M | $201.1M | |||||||
| Accumulated deficit | -$216.6M | -$182.1M | |||||||
| Total stockholders' equity | $9.3M | $9.5M | $16.0M | $22.4M | $19.0M | $22.0M | $30.9M | $37.2M | $26.1M |
| Total liabilities and stockholders' equity | $30.5M | $45.4M | |||||||
| Common stock, par value (in dollars per share) | $0.00 | $0.00 | |||||||
| Common stock, shares authorized (in shares) | 150.0M shares | 150.0M shares | |||||||
| Common stock, shares issued (in shares) | 54.9M shares | 38.0M shares | |||||||
| Common stock, shares outstanding (in shares) | 54.9M shares | 38.0M shares |
Cash flow is reported year to date, not quarter by quarter, so there are no separate quarterly figures.
Every line of the cash flow as filed: the last 2 fiscal years, latest first.10
| Period ending | 2025-12-31 | 2024-12-31 |
|---|---|---|
| Net loss | -$34.5M | -$37.6M |
| Stock-based compensation expense | $4.1M | $6.8M |
| Issuance of shares in consulting agreements | $298.5K | $267.0K |
| Amortization of debt discount | $1.6M | $1.2M |
| Loss on retirement of debt | $1.1M | $0 |
| Depreciation expense | $21.8K | $21.1K |
| Finance lease amortization expense | $38.7K | $38.7K |
| Prepaid expenses and other current assets | -$173.6K | -$870.3K |
| Accounts payable | $1.9M | -$5.3M |
| Accrued expenses | -$2.1M | $416.5K |
| Operating lease liabilities | $0 | $0 |
| Net cash used in operating activities | -$27.8M | -$35.0M |
| Purchase of equipment | $0 | -$29.0K |
| Net cash used in investing activities | $0 | -$29.0K |
| Proceeds from issuance of pre-funded warrants | $1.0M | $0 |
| Proceeds from issuance of warrants | $5.3M | $0 |
| Proceeds from exercise of pre-funded warrants | $100 | $0 |
| Proceeds from exercise of stock options | $0 | $774.1K |
| Payments of finance lease obligations | -$61.1K | -$55.8K |
| Loan principal payments | -$6.7M | -$3.1M |
| Loan repayment | -$19.0M | $0 |
| Net proceeds from issuance of loan | $18.2M | $0 |
| Proceeds from issuance of common stock, net of issuance costs | $9.7M | $0 |
| Proceeds from issuance of common stock from at-the-market program, net of issuance costs | $4.3M | $22.6M |
| Net cash provided by financing activities | $12.8M | $20.2M |
| Net (decrease) increase in cash and cash equivalents | -$15.0M | -$14.9M |
| Cash paid for interest | $2.9M | $3.6M |
No quarter-by-quarter statement was filed.
Leadership
Who has led PDS Biotechnology Corp, and when. Pick a name to see everywhere that person has worked.
Chief executive
Chief financial officer
Chief operating officer
- Chief executive officerFrank Bedu-Addo Mar 25, 2019 to now13
- Chief executive officerBrian A. Leuthner Sep 30, 2015 to Mar 18, 201914
- PresidentFrank Bedu-Addo Mar 25, 2019 to now13
- PresidentBrian A. Leuthner Feb 18, 2016 to Mar 18, 201915
- Chief financial officerLars Boesgaard Dec 4, 2023 to now16
- Chief financial officerVoorhees Seth Van Jan 6, 2021 to Jun 17, 202117
- Chief financial officerMathew C. Hill Oct 20, 2021 to Jan 6, 202318
- Chief financial officerMichael N. King Jul 6, 2020 to Dec 9, 202019
- Chief financial officerAndrew Saik Nov 2, 2017 to Feb 19, 202020
- Chief financial officerAndrew J. Einhorn Sep 30, 2015 to Mar 13, 201721
- Chief operating officerStephan Toutain Mar 3, 2026 to now22
Board members and other officers (35)
- Chief Medical OfficerKirk Shepard V. Jan 23, 2024 to now23
- Chief Operations OfficerStephan Toutain May 2, 2024 to now24
- Principal Accounting OfficerJanetta Trochimiuk Mar 25, 2020 to now25
- Chief Scientific OfficerGregory Conn Mar 25, 2019 to now26
- Chief Medical OfficerLauren Wood Mar 25, 2019 to Jan 6, 202327
- SVP Regulatory AffairsAlyssa Wyant Feb 24, 2017 to Jan 3, 201928
- Chief Acct. & Op., Asst. Sec.Albert N. Marchio Ii. Sep 30, 2015 to Dec 31, 201829
- Vice Pres., Tech. Op. & Manu.Alpaslan Yaman Sep 30, 2015 to Mar 15, 201730
- Chief Medical OfficerHerbert J. Faleck Sep 30, 2015 to Dec 31, 201831
- Chief Scientific OfficerR. Loch Macdonald Sep 30, 2015 to Mar 22, 201832
- V.P., Global Reg. AffairsRenu Vaish Sep 30, 2015 to Jun 20, 201633
- Senior VP, GC and SecretaryW. Bradford Middlekauff Nov 2, 2015 to Mar 18, 201934
- Board memberArnold James Banaag Sep 21, 2026 to now35
- Board memberShiong Patrick Soon Sep 21, 2026 to now36
- Board memberKamil Ali-Jackson Feb 24, 2020 to now37
- Board memberIlian Iliev Apr 9, 2020 to now38
- Board memberOtis Brawley Nov 6, 2020 to now39
- Board memberDelyle W. Bloomquist Mar 25, 2019 to Jun 25, 202040
- Board memberFrank Bedu-Addo Mar 25, 2019 to now13
- Board memberGregory Gene Freitag Mar 25, 2019 to now41
- Board memberRichard Sykes Mar 25, 2019 to Jun 25, 202442
- Board memberSteve C. Glover Apr 10, 2019 to now43
- Board memberAndrew Saik Jun 7, 2019 to Feb 19, 202044
- Board memberRosemary A. Crane Sep 19, 2017 to Mar 18, 201945
- Board memberLiam Ratcliffe Jun 23, 2016 to Mar 18, 201946
- Board memberAnders D. Hove Sep 30, 2015 to Oct 8, 201547
- Board memberIsaac Blech Sep 30, 2015 to Mar 18, 201948
- Board memberJames Healy Sep 30, 2015 to Jun 21, 201749
- Board memberJames J. Loughlin Sep 30, 2015 to Jul 1, 201950
- Board memberKurt G. Conti Sep 30, 2015 to Mar 30, 201851
- Board memberR. Loch Macdonald Sep 30, 2015 to Mar 18, 201932
- Board memberRobert J. Spiegel Sep 30, 2015 to Mar 18, 201952
- Board memberSol J. Barer Sep 30, 2015 to Mar 18, 201953
- Board memberBrian A. Leuthner Oct 8, 2015 to Mar 18, 201954
- General counselSpencer D. Brown Jun 3, 2022 to now55
Former names
- Edge Therapeutics, Inc.Sep 16, 2009 to Mar 18, 20193
Timeline
Filings
304 filings to the SEC since October 2021: 7 annual reports, 15 quarterly reports, 162 major events, 66 insider forms, 5 large holders, 49 other. The latest 20:
- Oct 14, 2026S-3 EDGAR
- Oct 6, 20268-K EDGAR
- Sep 22, 20268-K EDGAR
- Sep 21, 2026SCHEDULE 13D EDGAR
- Sep 21, 20263 EDGAR
- Sep 21, 20263 EDGAR
- Sep 21, 20268-K EDGAR
- Sep 18, 20263 EDGAR
- Sep 14, 20268-K EDGAR
- Sep 8, 20268-K EDGAR
- Sep 4, 20268-K EDGAR
- Aug 25, 20268-K EDGAR
- Aug 19, 20268-K EDGAR
- Aug 14, 20268-K EDGAR
- Aug 13, 202610-Q EDGAR
- Aug 13, 20268-K EDGAR
- Aug 11, 20268-K EDGAR
- Jul 31, 20268-K EDGAR
- Jul 21, 2026EFFECT EDGAR
- Jul 21, 2026424B4 EDGAR
The 304 filings since October 2021 can be filtered by form type and year here when JavaScript is on.
Every filing from the last five years, summarized. The full record is on SEC EDGAR.
Insider trades
3 open-market trades by officers, directors and large owners since October 2021: 3 buys and 0 sales. Grants, option exercises and gifts are left out.
| Date | Who | Trade | Shares | Price | Value | Filing |
|---|---|---|---|---|---|---|
| Feb 28, 2025 | Freitag Gregory GeneDirector | Buy | 15,060 | $1.66 | $25.0K | Form 4 |
| Feb 28, 2025 | Glover Stephen C.Director | Buy | 15,061 | $1.66 | $25.0K | Form 4 |
| Dec 13, 2021 | HILL MATTHEW CChief Financial Officer | Buy | 3,100 | $8.99 | $27.9K | Form 4 |
From Forms 4 filed with the SEC.
Major holders
Investors who own more than 5% of the shares must tell the SEC: a 13D if they may seek to influence the company, a 13G if they hold passively.
- Nant Capital, LLCSCHEDULE 13D, 1 filing Sep 21, 202656
- ARMISTICE CAPITAL, LLCSCHEDULE 13G/A, 2 filings May 15, 2025 to Aug 14, 202557
Held by these funds
The largest holders among investment managers' 13F reports for the quarter ending Jun 30, 2026, the top 25 of 52. Change is in shares since the quarter before.
| Fund | Shares | Value | Share of the fund | Change |
|---|---|---|---|---|
| Vanguard Capital Management LLC | 1,699,315 | $1.5M | 0.0% | +68,226 |
| Focus Partners Wealth | 642,177 | $565.8K | 0.0% | New |
| Quantinno Capital Management LP | 642,177 | $565.8K | 0.0% | New |
| BlackRock, Inc. | 607,639 | $535.4K | 0.0% | +53,591 |
| Geode Capital Management, LLC | 587,139 | $517.4K | 0.0% | −73,089 |
| Vanguard Fiduciary Trust Co | 357,144 | $314.6K | 0.0% | +49,833 |
| Militia Capital Management LLC | 331,800 | $292.3K | 0.1% | New |
| Citadel Advisors LLC | 323,801 | $285.3K | 0.0% | New |
| Morgan Stanley | 313,922 | $276.6K | 0.0% | +310,000 |
| Blair William & Co/il | 300,000 | $264.3K | 0.0% | No change |
| Jane Street Group, LLC | 279,664 | $246.4K | 0.0% | New |
| Renaissance Technologies LLC | 252,200 | $222.2K | 0.0% | +31,400 |
| Inspirion Wealth Advisors, LLC | 188,995 | $165.2K | 0.0% | +7,000 |
| Marshall Wace, Llp | 147,171 | $129.5K | 0.0% | New |
| State Street Corp | 133,333 | $117.5K | 0.0% | No change |
| Northern Trust Corp | 126,502 | $111.5K | 0.0% | +17,609 |
| Wells Fargo & Company/mn | 109,000 | $96.0K | 0.0% | −1,500 |
| Commonwealth Equity Services, LLC | 92,997 | $81.9K | 0.0% | +2,200 |
| Iron Gate Global Advisors LLC | 70,406 | $62.0K | 0.0% | −4,616 |
| Bank of New York Mellon Corp | 68,491 | $60.3K | 0.0% | −820 |
| Tempus Wealth Planning, LLC | 61,800 | $54.5K | 0.0% | No change |
| Two Sigma Securities, LLC | 41,391 | $36.5K | 0.0% | +9,910 |
| Susquehanna International Group, Llp | 36,328 | $32.0K | 0.0% | +14,276 |
| Raymond James Financial Inc | 33,819 | $29.8K | 0.0% | +23,583 |
| XTX Topco Ltd | 33,098 | $29.2K | 0.0% | −3,113 |
13F reports cover disclosed long positions in U.S. stocks only.
Sources
The numbers on this page point here. Each one links to the record it came from.
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- 15SEC EDGARBrian A. Leuthner, President
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- 20SEC EDGARAndrew Saik, Chief financial officer
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- 27SEC EDGARLauren Wood, Chief Medical Officer
- 28SEC EDGARAlyssa Wyant, SVP Regulatory Affairs
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- 35SEC EDGARArnold James Banaag, Board member
- 36SEC EDGARShiong Patrick Soon, Board member
- 37SEC EDGARKamil Ali-Jackson, Board member
- 38SEC EDGARIlian Iliev, Board member
- 39SEC EDGAROtis Brawley, Board member
- 40SEC EDGARDelyle W. Bloomquist, Board member
- 41SEC EDGARGregory Gene Freitag, Board member
- 42SEC EDGARRichard Sykes, Board member
- 43SEC EDGARSteve C. Glover, Board member
- 44SEC EDGARAndrew Saik, Board member
- 45SEC EDGARRosemary A. Crane, Board member
- 46SEC EDGARLiam Ratcliffe, Board member
- 47SEC EDGARAnders D. Hove, Board member
- 48SEC EDGARIsaac Blech, Board member
- 49SEC EDGARJames Healy, Board member
- 50SEC EDGARJames J. Loughlin, Board member
- 51SEC EDGARKurt G. Conti, Board member
- 52SEC EDGARRobert J. Spiegel, Board member
- 53SEC EDGARSol J. Barer, Board member
- 54SEC EDGARBrian A. Leuthner, Board member
- 55SEC EDGARSpencer D. Brown, General counsel
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