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Enzon Pharmaceuticals

American pharmaceutical company

Enzon Pharmaceuticals, Inc. is a pharmaceutical company.3 From Wikipedia, CC BY-SA 4.0

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Last updated Oct 19, 2026.

Overview

1981Founded1

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  • TickerVISK on OTC1
  • Industrypharmaceutical industry1
  • HeadquartersPiscataway1
  • Websiteenzon.com
  • Incorporated inDE5
  • Business address333 East Butterfield Road, Suite 400, Lombard, Il 601485
  • Filer categoryNon-accelerated filer, Smaller reporting company5
  • Legal formCorporation4
  • LEI529900VN48L8QCMVPV364
  • StatusActive4
  • LEI statusLapsed (not renewed)4
  • Registered addressc/o THE CORPORATION TRUST COMPANY, CORPORATION TRUST CENTER 1209 ORANGE ST, 19801 Wilmington, United States4
  • Registered withDivision of Corporations, Department of State, 20086264

Enzon Pharmaceuticals, Inc. is a pharmaceutical company. Its headquarters is in Piscataway, New Jersey. The company is a publicly traded company on NASDAQ under the symbol "ENZN". It's also doing marketing works in Asia areas such as China. In 2012, the company orally presented in Nanjing, China about the symposium of its drug delivery systems, which help improve therapeutic molecules' pharmaceutical properties.3

Financials

From the company’s reports to the SEC. Every number links to the filing it came from.

Key numbers, fiscal 2024

-5103.8%Operating margin7
2992.3%Net margin7
25.9%Return on equity7

Where the money goes

Where each dollar of revenue went, fiscal 2024

  • Income tax31¢$347.0K
  • Profit69¢$778.0K

Out of $26.0K in revenue.7

Where each dollar of operating cash went, fiscal 2024

  • Dividends paid100¢$1.3M

Out of $1.1M of cash from operations. Spending exceeded cash from operations; the rest came from savings or borrowing.7

Financial statements

Revenue8910117$26.0K in 2024−87% since 2019
0$200.0K$400.0K$600.0K$800.0K2019: $207.0K$207.0K20192020: $52.0K$52.0K2020−75%2021: $701.0K$701.0K2021+1248%2022: $26.0K$26.0K2022−96%2024: $26.0K$26.0K2024+0%
Operating income891011127-$1.3M in 2024+36% since 2019
-$1.5M-$1.0M-$500.0K02019: -$973.0K-$973.0K20192020: -$1.3M-$1.3M2020+34%2021: -$469.0K-$469.0K2021−64%2022: -$1.0M-$1.0M2022+120%2023: -$1.0M-$1.0M2023+1%2024: -$1.3M-$1.3M2024+27%
Net income891011127$778.0K in 2024
-$2.0M-$1.0M0$1.0M$2.0M2019: -$979.0K-$979.0K20192020: -$1.3M-$1.3M2020+34%2021: -$469.0K-$469.0K2021−64%2022: -$186.0K-$186.0K2022−60%2023: $1.4M$1.4M20232024: $778.0K$778.0K2024−43%

Every line of the income statement as filed: the last 2 fiscal years, latest first.7

Period ending2025-12-312024-12-31
Royalties and milestones, net$26.0K
Total revenues$26.0K
General and administrative$1.4M$1.4M
Transaction expenses$4.0M
Total operating expenses$5.3M$1.4M
Operating loss-$5.3M-$1.3M
Interest and dividend income$1.9M$2.5M
(Loss) income before income tax expense-$3.4M$1.1M
Income tax expense-$19.0K-$347.0K
Net (loss) income-$3.4M$778.0K
Dividends on Series C Preferred Stock-$2.1M-$1.3M
Net loss available to common shareholders-$5.5M-$497.0K
Basic (in dollars per share)-$0.07-$0.01
Diluted (in dollars per share)-$0.07-$0.01
Weighted average number of common shares - basic (in shares)74.2M shares74.2M shares
Weighted average number of common shares - diluted (in shares)74.2M shares74.2M shares

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The story

Enzon Pharmaceuticals, Inc started its earliest business in 1981. Now, the focus of the company is mainly on development and production of drugs for cancer patients. It is also actively researching on improving the chemical attachment of PEG to help provide antibodies in molecules.

In 2010, Enzon Pharmaceuticals, Inc.sold its specialty pharmaceutical business to the sigma-tau Group (sigma-tau).

From Wikipedia’s article on Enzon Pharmaceuticals, shared under CC BY-SA 4.0.6

Leadership

Who has led Enzon Pharmaceuticals, and when. Pick a name to see everywhere that person has worked.

Board members and other officers (43)

Products and brands

Production

The products of Enzon Pharmaceuticals, Inc include four principal compounds of different clinical development, as well as several novel mRNA antagonists in preclinical research.

Research & Development

In July 2012, Enzon Pharmaceuticals presented the result from pre-clinical studies about human interferon-beta-1b (IFN-β-1b) and an anti-TNF-α antibody fragment (Fab) through releasable PEGylation at the 39th Annual Meeting & Exposition of the Controlled Release Society.In June 2012, Enzon Pharmaceuticals presented the Phase I study of PEG-SN38 in children with recurrent or refractory neuroblastoma and other solid tumors at the 2012 Advances in Neuroblastoma Research Conference. In the same month, the company presented the Phase II study in which PEG-SN38 demonstrated notable activity in patients with previously treated metastatic breast at the American Society of Clinical Oncology Meeting.In May 2012, Enzon Pharmaceuticals reached a strategic partnership using Enzon's PEGylation linker technology and PEG-SN38 (EZN-2208) in China.

From Wikipedia’s article on Enzon Pharmaceuticals, shared under CC BY-SA 4.0.6

Former names

  • ENZON PHARMACEUTICALS, INC.Mar 21, 2016 to Mar 25, 20265
  • ENZON PHARMACEUTICALS INCMar 29, 2006 to Feb 23, 20165
  • ENZON PHARMACEUTICALS INCDec 13, 2002 to Mar 22, 20065
  • ENZON PHARMACEUTICAL INCDec 10, 2002 to Dec 10, 20025
  • ENZON INCOct 26, 1995 to Dec 9, 20025

Timeline

  1. Apr 5, 2016New chief executive Andrew D. Rackear becomes CEO15
  2. Mar 7, 2006New chief executive Jeffrey H. Buchalter becomes CEO16
  3. 1981Founded Founded1

Filings

130 filings to the SEC since October 2021: 8 annual reports, 15 quarterly reports, 33 major events, 18 insider forms, 6 large holders, 50 other. The latest 20:

  1. Aug 3, 202610-Q EDGAR
  2. May 5, 20268-A12G EDGAR
  3. May 5, 20268-K EDGAR
  4. May 4, 202610-Q EDGAR
  5. May 1, 20263 OWNERSHIP DOCUMENT EDGAR
  6. May 1, 20268-K/A EDGAR
  7. May 1, 20268-K EDGAR
  8. Apr 29, 202610-K/A EDGAR
  9. Apr 21, 20268-K EDGAR
  10. Apr 16, 20268-K EDGAR
  11. Apr 15, 20268-K EDGAR
  12. Mar 27, 2026SCHEDULE 13D/A EDGAR
  13. Mar 27, 20264 STATEMENT OF CHANGES IN BENEFICIAL OWNERSHIP OF SECURITIES EDGAR
  14. Mar 26, 20263 OWNERSHIP DOCUMENT EDGAR
  15. Mar 26, 20263 OWNERSHIP DOCUMENT EDGAR
  16. Mar 26, 20263 OWNERSHIP DOCUMENT EDGAR
  17. Mar 26, 20263 OWNERSHIP DOCUMENT EDGAR
  18. Mar 26, 20263 OWNERSHIP DOCUMENT EDGAR
  19. Mar 26, 20263 OWNERSHIP DOCUMENT EDGAR
  20. Mar 26, 20263 OWNERSHIP DOCUMENT EDGAR

The 130 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

2 open-market trades by officers, directors and large owners since October 2021: 2 buys and 0 sales. Grants, option exercises and gifts are left out.

DateWhoTradeSharesPriceValueFiling
Jun 16, 2023READ RANDOLPH CDirectorBuy84,550$0.14$11.8KForm 4
Jun 14, 2023READ RANDOLPH CDirectorBuy15,000$0.13$1.9KForm 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.

Sources

The numbers on this page point here. Each one links to the record it came from.

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