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GlobeStar Therapeutics GSTC · USD

Health Care · US listing · 🇺🇸 United States

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About GlobeStar Therapeutics

Its shares trade under the ticker GSTC. It has been listed since 21 May 2011. In the fiscal year to 30 September 2020, it reported revenue of $100 and a net loss of $541,700. At that date it held total assets of $89,900 and shareholders' equity of −$659,200.

GlobeStar Therapeutics Corp. is a clinical stage biotechnology company, which engages in the manufacture and patented formulation of previously approved drugs for the treatment of Multiple Sclerosis. The company is headquartered in Richland, Washington. The company went IPO on 2011-05-21. The firm is focused on introducing a patented formulation of drugs for the treatment of Multiple Sclerosis and other neurodegenerative diseases. The firm owns the global license from the inventors, who are based in Italy. The firm has acquired a license for a patented method of treating neurodegenerative diseases such as Multiple Sclerosis by administering a synergistically effective amount of the composition to an individual suffering from neurodegeneration and treating neurodegeneration. GlobeStar Therapeutics is initiating discussions with the Food and Drug Administration (FDA) on clinical trial design in preparation for FDA submission and approval pathway.

Figures and description from our data supplier, not checked against the company's own report.

Company facts

Sector
Health Care
Industry
Biotechnology
Listed since
21 May 2011

Leadership

Pay as last reported

  • Mr. James KatzaroffChairman of the Board, President, Chief Executive Officer, Principal Executive Officer, Company Secretary, since 2020$462,773
  • Mr. Robert ChicoskiChief Financial Officer, Treasurer, Principal Financial Officer$84,000
  • Mr. William FarleyIndependent Director
  • Mr. Steven PenderghastIndependent Director

Environmental, social and governance

Scores out of 100, from our data supplier

ESG
Overall
0
Environment
0
Social
0
Governance
0

SWOT analysis

AI-generated by our data supplier. Not written or checked by our editors.

AI-generated

Strengths

  • The company holds a global license from Italian inventors.
  • Its focus is on patented formulations for neurodegenerative diseases.
  • Discussions with the FDA regarding clinical trial design are underway.

Weaknesses

  • The firm is a clinical stage biotechnology company.
  • It relies on previously approved drugs rather than new molecules.
  • The company is headquartered in Richland, Washington.

Opportunities

  • The firm is preparing for FDA submission and approval.
  • It targets the treatment of Multiple Sclerosis and other conditions.
  • Patented methods offer a unique approach to treating neurodegeneration.

Threats

  • The company operates in the competitive biotechnology sector.
  • Regulatory approval pathways for new formulations can be complex.
  • Success depends on the outcome of upcoming clinical trials.

Sources and methodology

Data on this tab
Our data supplier
Chart on the Overview
TradingView

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