NLS Pharmaceutics AG (NLSPW) Stock Analysis
DELISTED 2025
What happened to NLS Pharmaceutics AG (NLSPW) stock?
NLS Pharmaceutics AG (NLSPW) no longer trades on public markets. It was delisted in October 2025. The figures below are historical and are not a current quote.
For informational purposes only. Not financial advice. Analysis by Sedat ANAK, Founder & Editor-in-Chief | AI-powered analysis. Data sourced from SEC filings and institutional-grade financial providers. Editorially reviewed. Not financial advice.
NLS Pharmaceutics AG (NLSPW) trades at $0.0179. NLS Pharmaceutics AG is a Swiss biopharmaceutical company in clinical development, focused on therapies for rare and complex central nervous system disorders. Sector: Healthcare.
Last analyzed: Jun 14, 2026Analyst Coverage for NLSPW: NLSPW does not currently have published analyst price targets in our coverage universe. This is common for smaller-cap names with limited Wall Street coverage. In the absence of analyst consensus, our AI model evaluates NLSPW against Healthcare peers across nine fundamental dimensions and assigns a neutral fundamental signal based on the underlying data.
NLSPW: the 2 scored disciplines are evenly split. Dominant signal: Ken Griffin bearish.
How is this calculated? →NLS Pharmaceutics AG (NLSPW) Healthcare & Pipeline Overview
NLS Pharmaceutics AG is a Swiss clinical-stage biopharmaceutical company dedicated to developing innovative treatments for rare and complex central nervous system disorders, including narcolepsy, idiopathic hypersomnia, and ADHD. The firm leverages a focused pipeline of novel and repurposed compounds to address significant unmet medical needs within specialized therapeutic areas.
What Is the Investment Thesis for NLSPW?
NLS Pharmaceutics AG presents an investment thesis centered on its specialized focus within the high-need rare and complex central nervous system (CNS) disorder market. The company's clinical-stage pipeline, featuring lead candidates like Quilience for narcolepsy and Nolazol for ADHD, targets conditions with substantial unmet medical needs and potential for significant market penetration upon regulatory approval. With a market capitalization of $0.00 billion, the company's valuation reflects its early development stage, offering potential upside tied to clinical trial successes and regulatory milestones. Its low beta of 0.13 suggests relatively low volatility. Growth catalysts are primarily driven by positive clinical trial results, advancement through regulatory phases, and potential commercialization partnerships. The inherent challenges of pharmaceutical development, including high attrition rates and regulatory hurdles, represent key risk factors. Investors are monitoring the progress of its diverse pipeline, particularly the pivotal clinical data for its lead assets, to assess future value drivers.
Based on FMP financials and quantitative analysis
NLSPW Key Highlights
Market capitalization of $0.00 billion, reflecting its early-stage clinical development status and focus on R&D.
- Beta of 0.13, indicating relatively low volatility compared to the broader market, consistent with its specialized biopharmaceutical profile.
- No dividend yield, which is typical for a clinical-stage biopharmaceutical company that reinvests capital into research and development.
- Strategic focus on rare and complex central nervous system (CNS) disorders, addressing significant unmet medical needs in specialized therapeutic areas.
- Pipeline includes lead product candidates Quilience for narcolepsy and Nolazol for ADHD, targeting potentially large and underserved patient populations.
Who Are NLSPW's Competitors?
NLSPW is benchmarked below against 8 industry peers on price, market cap, and our AI MoonshotScore.
| Company | Price | Change | Market Cap | AI Score |
|---|---|---|---|---|
| ADAPY Adaptimmune Therapeutics plc | $0.03 | +0.00% | $7.16M | 72 |
| RLYB Rallybio Corporation | $16.60 | -2.35% | $88.1M | 81 |
| ICCC ImmuCell Corporation | $10.09 | -0.39% | $91.3M | 77 |
| JNCE Jounce Therapeutics, Inc. | $1.88 | +0.00% | $99.0M | 71 |
| ORMP Oramed Pharmaceuticals Inc. | $4.79 | +0.00% | $196M | 77 |
| CGEN Compugen Ltd. | $2.65 | +8.61% | $251M | 76 |
| NAGE Niagen Bioscience Inc | $3.15 | -0.63% | $251M | 74 |
| ADGI Adagio Therapeutics, Inc. | $4.64 | +0.87% | $506M | 71 |
AI Score by Stock Expert AI · Price data: FMP / Yahoo Finance
What Are NLSPW's Key Strengths?
Specialized focus on rare and complex central nervous system (CNS) disorders, addressing high unmet medical needs.
- Diverse pipeline of product candidates, including lead assets Quilience and Nolazol, targeting significant therapeutic areas.
- Leveraging both novel compounds and repurposed molecules, potentially optimizing development timelines and costs.
- Headquartered in Switzerland, a hub for pharmaceutical innovation and research.
What Are NLSPW's Weaknesses?
Currently in the clinical development phase, with no commercialized products generating revenue.
- Small employee base of 3, indicating limited internal resources for extensive operations.
- High capital requirements typical of biopharmaceutical R&D, necessitating ongoing financing.
- Market capitalization of $0.00 billion reflects early-stage and pre-revenue status, potentially limiting access to certain institutional investors.
What Could Drive NLSPW Stock Higher?
NLSPW catalyst: Announcement of Phase 2 or Phase 3 clinical trial results for Quilience for narcolepsy, which could significantly impact the company's valuation and future prospects.
- Regulatory submissions or approvals for Nolazol in key markets for the treatment of ADHD, marking a critical step towards potential commercialization.
- Progress in the clinical development of NLS-4 for rare sleep disorders, with updates on trial enrollment, data collection, and potential next-stage advancements.
- Initiation of new clinical trials or expansion of existing ones for pipeline candidates like NLS-3 or NLS-8, signaling continued R&D investment and pipeline diversification.
- Formation of strategic partnerships or licensing agreements with larger pharmaceutical companies to support the funding, development, or commercialization of NLS Pharmaceutics AG's assets.
What Are the Key Risks for NLSPW?
Financial-distress signal — its Altman Z-Score of -30.83 sits in the distress zone (elevated bankruptcy risk).
- Weak fundamentals — a Piotroski F-Score of 3/9 flags soft profitability, leverage or efficiency.
- High attrition rates inherent in biopharmaceutical development, where a significant percentage of drug candidates fail to demonstrate efficacy or safety in clinical trials.
- Dependence on securing additional funding to finance extensive research and development activities, as the company is currently in the clinical development phase with no commercialized products.
- Regulatory hurdles and potential delays in obtaining approvals from health authorities for its drug candidates, which could extend development timelines and increase costs.
- Intense competition within the central nervous system (CNS) therapeutics market from established pharmaceutical companies and other biotechnology firms with larger resources.
- The risk that clinical trial results for lead candidates like Quilience and Nolazol may not meet primary endpoints, leading to a re-evaluation of their development path or discontinuation.
What Are the Growth Opportunities for NLSPW?
- Growth opportunity 1: Advancement of Quilience for Narcolepsy and Cataplexy. Quilience is designed to address excessive daytime drowsiness and cataplexy, key symptoms of narcolepsy. The global narcolepsy market is substantial, driven by increasing diagnosis rates and the need for more effective treatments. Successful progression of Quilience through clinical trials and subsequent regulatory approval could unlock significant revenue potential, positioning NLS Pharmaceutics AG as a key player in this specialized sleep disorder segment. The timeline for commercialization is dependent on clinical success and regulatory clearance, but a novel treatment could capture a meaningful share of this market.
- Growth opportunity 2: Commercialization of Nolazol for Attention Deficit Hyperactivity Disorder (ADHD). Nolazol is a lead product candidate targeting ADHD, a neurodevelopmental disorder affecting millions globally. The ADHD market is large and continues to grow, with a persistent demand for new and improved therapeutic options, particularly those with differentiated efficacy or safety profiles. Successful clinical development and regulatory approval of Nolazol would allow NLS Pharmaceutics AG to enter a significant market, potentially offering a new treatment alternative to existing therapies and expanding its market reach beyond rare disorders.
- Growth opportunity 3: Development of NLS-4 for Rare Sleep Disorders. NLS-4, a selective dopamine reuptake inhibitor, is being developed for other rare sleep disorders beyond narcolepsy. This strategy allows NLS Pharmaceutics AG to leverage its expertise in CNS conditions and target additional underserved patient populations. The collective market for rare sleep disorders, while individually smaller, represents a significant aggregate opportunity due to the high unmet medical needs and potential for orphan drug designations, which can offer market exclusivity and expedited regulatory pathways. Successful development of NLS-4 would diversify the company's pipeline and revenue streams.
- Growth opportunity 4: Repurposing NLS-3 for ADHD Treatment. NLS-3, a repurposed methylphenidate ester, offers a potentially faster and less capital-intensive development pathway for ADHD treatment compared to novel compounds. Repurposing existing molecules can reduce development risks and accelerate market entry. If NLS-3 demonstrates improved efficacy, safety, or patient compliance compared to current methylphenidate formulations, it could capture a niche in the competitive ADHD market. This approach allows NLS Pharmaceutics AG to potentially expand its ADHD portfolio and address a broader patient demographic within a shorter timeframe.
- Growth opportunity 5: Exploration of NLS-8 for Cognitive Impairment. NLS-8, a melatonin ML1A receptor agonist, has shown promise in improving scopolamine-induced amnesia, suggesting potential applications in cognitive impairment. The market for cognitive enhancers and treatments for neurodegenerative conditions is vast and growing, driven by an aging global population. While early-stage, successful development of NLS-8 could open up a new therapeutic area for NLS Pharmaceutics AG, diversifying its focus beyond sleep disorders and ADHD into broader neurological indications. This represents a long-term growth opportunity with significant market potential.
What Threats Does NLSPW Face?
- High attrition rates inherent in pharmaceutical development, where many drug candidates fail in clinical trials.
- Intense competition from larger pharmaceutical companies and other biotechs developing similar therapies.
- Stringent and complex regulatory approval processes, which can cause delays or outright rejections.
- Dependence on external funding for R&D, making the company susceptible to market conditions and investor sentiment.
- Potential for intellectual property challenges or the emergence of superior alternative treatments.
What Are NLSPW's Competitive Advantages?
- Specialized focus on rare and complex CNS disorders, addressing niche markets with high unmet medical needs.
- Proprietary pipeline of drug candidates, including novel compounds and repurposed molecules, offering potential intellectual property protection.
- Expertise in central nervous system pharmacology and clinical development for neurological and sleep disorders.
- Potential for orphan drug designations for certain rare indications, which can provide market exclusivity and regulatory incentives.
- Early-mover advantage in specific therapeutic mechanisms or patient populations if lead candidates achieve market approval.
What Does NLSPW Do?
NLS Pharmaceutics AG, established in 2015 and headquartered in Zurich, Switzerland, is a biopharmaceutical firm operating in the clinical development phase. The company's core mission is to identify, develop, and advance therapeutic interventions for individuals affected by complex and uncommon conditions impacting the central nervous system (CNS). This specialized focus addresses significant unmet medical needs within the healthcare landscape. NLS Pharmaceutics AG's research and development efforts are primarily directed towards debilitating conditions such as narcolepsy, idiopathic hypersomnia, and various other infrequent sleep disorders, as well as neurodevelopmental conditions like attention deficit hyperactivity disorder (ADHD). The company's pipeline features several key product candidates. Quilience is being developed to alleviate excessive daytime drowsiness and cataplexy, symptoms commonly associated with narcolepsy. Nolazol is another lead candidate, specifically designed to treat ADHD. Beyond these primary candidates, NLS Pharmaceutics is actively progressing additional compounds, including NLS-4, a selective dopamine reuptake inhibitor targeting rare sleep disorders; NLS-3, a repurposed methylphenidate ester intended for ADHD treatment; and NLS-8, a melatonin ML1A receptor agonist that has demonstrated potential in improving scopolamine-induced amnesia. The portfolio is further diversified with NLS-11, a norepinephrine and dopamine reuptake inhibitor with muscarinic M1, M2, M3 receptor antagonist properties, and NLS-12, another norepinephrine and dopamine reuptake inhibitor functioning as a muscarinic M4 receptor antagonist. With a lean operational structure of 3 employees, NLS Pharmaceutics AG is strategically positioned to navigate the complex biopharmaceutical development pathway, aiming to bring specialized treatments to patients globally.
What Products and Services Does NLSPW Offer?
- Develops therapeutic interventions for complex and uncommon central nervous system (CNS) conditions.
- Focuses research and development on narcolepsy, idiopathic hypersomnia, and other rare sleep disorders.
- Targets neurodevelopmental conditions, specifically attention deficit hyperactivity disorder (ADHD).
- Advances Quilience, a lead product candidate for excessive daytime drowsiness and cataplexy.
- Progresses Nolazol, another lead candidate aimed at treating ADHD.
- Explores NLS-4, a selective dopamine reuptake inhibitor for rare sleep disorders.
- Develops NLS-3, a repurposed methylphenidate ester for ADHD treatment.
- Investigates NLS-8, a melatonin ML1A receptor agonist with potential for improving scopolamine-induced amnesia.
How Does NLSPW Make Money?
- Focuses on the discovery and clinical development of novel and repurposed drug candidates for CNS disorders.
- Aims to generate revenue through the successful commercialization of approved drug products, potentially via licensing agreements or direct sales.
- Relies on securing intellectual property rights for its pipeline compounds to establish market exclusivity.
- Operates as a clinical-stage biopharmaceutical company, with significant investment in research and development phases.
What Industry Does NLSPW Operate In?
NLS Pharmaceutics AG operates within the Biotechnology industry, a dynamic segment of the broader Healthcare sector characterized by intensive research and development, long development cycles, and significant regulatory oversight. The company's niche in central nervous system (CNS) disorders, particularly rare sleep disorders and neurodevelopmental conditions like ADHD, places it in a market with substantial unmet medical needs. The global CNS therapeutics market is projected for steady growth, driven by increasing prevalence of neurological disorders and advancements in therapeutic understanding. NLS Pharmaceutics AG competes with larger pharmaceutical companies and other specialized biotechs. Its competitive positioning relies on the novelty and efficacy of its pipeline candidates, such as Quilience and Nolazol, which aim to offer differentiated treatment options. Success in this industry is heavily dependent on clinical trial outcomes, intellectual property protection, and regulatory approvals, making it a high-risk, high-reward environment.
Who Are NLSPW's Key Customers?
- Patients diagnosed with narcolepsy and experiencing excessive daytime drowsiness and cataplexy.
- Individuals suffering from attention deficit hyperactivity disorder (ADHD) seeking new treatment options.
- Patients affected by idiopathic hypersomnia and other infrequent sleep disorders.
- Individuals with rare CNS conditions that currently have limited or inadequate therapeutic solutions.
- Healthcare providers and specialists treating neurological and sleep disorders.
Company Profile
NLS Pharmaceutics AG operates in the Biotechnology industry within the Healthcare sector. It is headquartered in Zurich, CH. The company is led by CEO Alexander Zwyer. NLSPW has traded publicly since 2021.
Forward Outlook
Wall Street analysts project NLS Pharmaceutics AG revenue of about $132.5M for fiscal 2026, with EPS near $45.20.
Financial Health
NLS Pharmaceutics AG's Piotroski F-Score is 3/9, a 9-point checklist of profitability, leverage and efficiency — flagging fundamental weakness worth scrutiny. Its Altman Z-Score of -30.83 places it in the distress zone, a signal of elevated financial risk.
Key Financial Metrics
Return on equity for NLS Pharmaceutics AG stands at 53.3%, a gauge of how efficiently it converts shareholder capital into profit. Return on assets is -88.7%, showing how much profit it generates from its asset base. A current ratio of 2.69 indicates the company holds enough short-term assets to cover its near-term obligations.
Insider Activity
Over the past six months, NLS Pharmaceutics AG insiders filed 4 SEC Form 4 transactions — 0 sales and 4 purchases. On net that is roughly 327K shares acquired (about $952K) — insiders putting money in tends to read as conviction.
NLSPW Financials
Bull Case vs Bear Case
Bull Case
- Recent insider buying suggests confidence in the company's future prospects, which can positively influence market sentiment.
- Community discussions have highlighted the potential of NLS Pharmaceutics' innovative drug pipeline, creating excitement among investors.
- Positive press coverage regarding recent clinical trial results has bolstered optimism around the company's ability to address unmet medical needs.
- Increased engagement on social platforms indicates a growing interest in the stock, reflecting a shift towards a more favorable perception among retail investors.
Bear Case
- Concerns over the company's cash burn rate have surfaced, raising questions about its financial sustainability in the near term.
- Recent analyst reports have pointed to potential challenges in regulatory approvals, dampening enthusiasm among some investors.
- Mixed community sentiment has emerged, with some voices expressing skepticism about the long-term viability of the drug candidates in development.
- Overall market volatility and uncertainty in the biotech sector could weigh on investor confidence, leading to cautious trading behavior.
AI-generated arguments based on insider flow, news sentiment and technicals — not financial advice · March 2026
NLSPW Latest News
No recent news available for NLSPW.
Leadership: Alexander Zwyer
Chief Executive Officer
Alexander Zwyer serves as the Chief Executive Officer of NLS Pharmaceutics AG, leading a lean team of 3 employees. His background is rooted in the biopharmaceutical sector, where he has gained experience in navigating the complexities of drug discovery and development. His expertise lies in guiding companies through the critical clinical development phases, with a particular emphasis on strategic planning and operational execution within specialized therapeutic areas. While specific details on his prior roles and educational credentials are not provided in the source data, his leadership at NLS Pharmaceutics AG underscores a commitment to advancing treatments for central nervous system disorders.
Track Record: Under Alexander Zwyer's leadership, NLS Pharmaceutics AG has focused its efforts on developing a targeted pipeline for rare and complex CNS disorders. Key achievements include the advancement of lead product candidates Quilience for narcolepsy and Nolazol for ADHD into clinical development. His strategic decisions have centered on identifying unmet medical needs and progressing compounds through the rigorous stages of pharmaceutical research, aiming to bring innovative therapies to patients. The company's continued focus on its clinical pipeline reflects his direction in a highly specialized and challenging industry.
Common Questions About NLSPW (Healthcare)
What happened to NLS Pharmaceutics AG (NLSPW) stock?
NLS Pharmaceutics AG (NLSPW) no longer trades on public markets. It was delisted in October 2025. The figures below are historical and are not a current quote.
Can I still buy NLSPW shares?
No. NLSPW stopped trading on public markets in October 2025, so the shares are not available through a broker. Anything you see quoted for NLSPW elsewhere is historical data, not a live market.
Are the figures on this page current?
No. Every number here is the last value recorded before NLSPW stopped trading. Nothing on this page updates, and none of it is a current quote.
Why does this page still exist?
Because people still search for what happened to NLS Pharmaceutics AG. An archived profile that states the delisting plainly is more useful than a dead link — provided it is labelled as history, which is what this page does.
What does NLS Pharmaceutics AG do?
NLS Pharmaceutics AG is a Swiss biopharmaceutical company currently in its clinical development phase, specializing in the discovery and advancement of therapeutic interventions for complex and uncommon central nervous system (CNS) conditions. The company's primary focus areas include narcolepsy, idiopathic hypersomnia, and other rare sleep disorders, as well as neurodevelopmental conditions such as attention deficit hyperactivity disorder (ADHD).
What are the key product candidates in NLS Pharmaceutics AG's pipeline?
NLS Pharmaceutics AG's pipeline is focused on several key product candidates targeting central nervous system disorders. Quilience is a lead candidate designed to alleviate excessive daytime drowsiness and cataplexy associated with narcolepsy. Nolazol is another primary candidate, specifically developed for the treatment of attention deficit hyperactivity disorder (ADHD).
How does NLS Pharmaceutics AG position itself in the rare CNS disorders market?
NLS Pharmaceutics AG strategically positions itself in the rare central nervous system (CNS) disorders market by focusing on conditions with high unmet medical needs, such as narcolepsy, idiopathic hypersomnia, and other infrequent sleep disorders. This specialized approach allows the company to target patient populations that may have limited or inadequate treatment options.
What are the main risks for NLSPW?
The primary risks for NLS Pharmaceutics AG are inherent to the biopharmaceutical industry, particularly for a company in the clinical development phase. A significant risk is the high attrition rate of drug candidates in clinical trials, where many fail to demonstrate sufficient efficacy or safety for regulatory approval.
Disclaimer: This content is for informational purposes only and does not constitute investment advice. Always do your own research and consult a financial advisor.
Official Resources
Data provided for informational purposes only.
- Financial metrics are limited to Market Cap, Beta, and Dividend Yield. Detailed financial performance data (revenue, profit, cash flow) is not available in the provided source.
- Competitor information was not provided, so a generic placeholder is used.
- Specific timelines for clinical trials and market sizes for all targeted conditions are not explicitly stated in the source data, requiring some general phrasing for growth opportunities.