APRI on NASDAQ

Apricus Biosciences

Logo: The logo is from the following website: http://www.apricusbio.com, Non-free logo, via Wikipedia5

Apricus Biosciences, Inc. is a San Diego–based biopharmaceutical company advancing innovative medicines in urology and rheumatology. Apricus Biosciences' first product, Vitaros®, has been approved in Europe and Canada for the treatment of erectile dysfunction Other compounds in development include: low testosterone, rheumatology, sexual dysfunction, pain,3 It was founded in 1987.1 Wikipedia text CC BY-SA 4.0

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Last updated Oct 21, 2026.

Overview

1987Founded1

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  • TickerAPRI on NASDAQ1
  • Industrypharmaceutical industry1
  • HeadquartersSan Diego1
  • Websitewww.apricusbio.com
  • Incorporated inNV6
  • Business address300 Park Avenue, 2Nd Floor, New York, Ny 100226
  • Filer categoryNon-accelerated filer, Smaller reporting company6
  • Legal formCorporation4
  • LEI5493009HV8O6R1WGZ1324
  • StatusActive4
  • LEI statusLapsed (not renewed)4
  • Registered addressC/O The Corporation Trust Company of Nevada, 89703 Carson City, United States4
  • Registered withBusiness Center (Secretary of State), NV198710362054

Apricus Biosciences, Inc. is a San Diego–based biopharmaceutical company advancing innovative medicines in urology and rheumatology.3

Financials

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

Key numbers, fiscal 2023

-1838.4%Operating margin8
-1719.6%Net margin8

Where the money goes

Where each dollar of revenue went, fiscal 2023

  • Research and development100¢$30.1M
  • Interest0¢$75.0K

Out of $2.2M in revenue.8 The company lost money this year.

Financial statements

Revenue910118$2.2M in 2023+331% since 2017
0$1.0M$2.0M$3.0M2017: $511.0K$511.0K20172018: $0$020182019: $375.0K$375.0K20192020: $0$020202023: $2.2M$2.2M2023
Operating income9101112138-$40.5M in 2023+279% since 2017
-$80.0M-$60.0M-$40.0M-$20.0M02017: -$10.7M-$10.7M20172018: -$3.2M-$3.2M2018−70%2019: -$29.7M-$29.7M2019+834%2020: -$18.8M-$18.8M2020−37%2021: -$61.7M-$61.7M2021+229%2022: -$70.9M-$70.9M2022+15%2023: -$40.5M-$40.5M2023−43%
Net income9101112138-$37.9M in 2023
-$80.0M-$60.0M-$40.0M-$20.0M0$20.0M2017: $321.0K$321.0K20172018: -$3.5M-$3.5M20182019: -$51.3M-$51.3M2019+1375%2020: -$19.1M-$19.1M2020−63%2021: -$66.0M-$66.0M2021+246%2022: -$73.5M-$73.5M2022+11%2023: -$37.9M-$37.9M2023−48%
Fiscal year2017201820192020202120222023
Revenue$511.0K9$010$375.0K11$011$2.2M8
Cost of revenue
Gross profit
Research and development$3.5M9$553.0K10$22.6M11$11.0M12$46.6M13$58.6M8$30.1M8
Operating expenses$61.7M13$70.9M8$42.7M8
Operating income-$10.7M9-$3.2M10-$29.7M11-$18.8M12-$61.7M13-$70.9M8-$40.5M8
Interest$131.0K10$29.0K11$164.0K12$1.6M13$14.0K8$75.0K8
Income tax
Net income$321.0K9-$3.5M10-$51.3M11-$19.1M12-$66.0M13-$73.5M8-$37.9M8
Earnings per share-$0.7313-$20.748-$7.738
Earnings per share (diluted)-$0.7313-$20.748-$7.738
Shares (weighted, basic)90.9M shares133.5M shares84.9M shares8
Shares (weighted, diluted)90.9M shares133.5M shares84.9M shares8

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Corporate structure

Apricus Biosciences sits at the top of its group. 1 entity, 1 country on record. Switch between the flow chart and the network, and select any entity to see its details.

Major holders of Apricus Biosciences

  • JANE STREET GROUP, LLC Filed SCHEDULE 13G on Apricus Biosciences, latest Feb 14, 2025
  • Lind Global Fund II LP Filed SCHEDULE 13G/A on Apricus Biosciences, latest Feb 14, 2025 (3 filings since Feb 6, 2024)
  • AdvisorShares Trust Filed SC 13G/A on Apricus Biosciences, latest Dec 4, 2024 (2 filings since Nov 5, 2024)
  • Mark Weber Filed SCHEDULE 13G on Apricus Biosciences, latest Nov 25, 2024
  • VANGUARD GROUP INC Filed SC 13G/A on Apricus Biosciences, latest Feb 9, 2023 (2 filings since Feb 10, 2022)
  • BlackRock Filed SC 13G on Apricus Biosciences, latest Jul 8, 2022 (2 filings since Feb 4, 2022)
  • Apricus Biosciences San Diego, California, United States

Built from parent and subsidiary links from GLEIF, the Global Legal Entity Identifier Foundation (CC0); major holders from Schedules 13D and 13G. Each entity in the chart links to its source.

What it owns

What Apricus Biosciences reports owning in its annual reports to the SEC: buildings, land and equipment, real estate and locations, investments, intangible assets and inventory, at the end of its latest fiscal year and a year before.

Property and equipment

ItemLatestA year beforeChange
Operating-lease assets (leased space)$15.0K8 Dec 31, 2023$72.0K8 Dec 31, 2022−79.2%

The story

Until September 10, 2010, when it formally changed its name, Apricus Biosciences, Inc. (Nasdaq: APRI) had been operating in the pharmaceutical industry since 1995 under the name NexMed, Inc. NASDAQ:NEXM. On November 15, 2010, Apricus Bio received Canadian approval for its topical ED treatment Vitaros and it announced European approval on June 10, 2013.

In February 2018, the Food and Drug Administration issued its second denial of permission to sell Vitaros in the United States.

From Wikipedia’s article on Apricus Biosciences, shared under CC BY-SA 4.0.7

Leadership

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

Board members and other officers (29)

Named in SEC Form D filings

People the company listed in its private-offering notices.

  • Chief Executive OfficerRaj Mehra named Feb 14, 2024 to Jul 30, 202452
  • DirectorDaniel J. O'Connor named Feb 14, 202453

Products and brands

Location

Apricus Biosciences is headquartered in San Diego, California. The company, and its subsidiaries, has approximately 35 employees.

Products

Vitaros® is a rapid-onset (generally 5–15 minutes) topical cream for the treatment of erectile dysfunction. It contains Prostaglandin E1 as the active ingredient and the Company's proprietary permeation enhancer (NexACT®) which facilitates the delivery of the drug into the blood stream. The current formulation of Vitaros requires refrigeration and is delivered via a small individual dispenser. Vitaros has been approved for patient use in Canada and Europe and to date (January 24, 2015) has been launched by marketing partners in the United Kingdom (Takeda), Germany (Sandoz), Sweden (Sandoz) and Belgium (Sandoz). Six additional European territories are expected to launch Vitaros during 2015.

Apricus has developed a room temperature formulation of Vitaros which is housed and delivered in a small, custom developed, disposable dispenser or "room temperature device" (RTD). Initial production of Vitaros RTD has commenced in order to generate the required stability data required for marketing approval. The Company continues to expect its commercial partners to launch the Vitaros RTD in 2016.

In November 2007 Apricus Biosciences sold the rights for the refrigerated formulation of Vitaros in the US to Warner Chilcott.

Read the full text

Fispemifene is a new chemical entity initially being pursued for the treatment of low testosterone (secondary hypogonadism) in males. Apricus plans to begin a Phase 2b clinical trial with fispemifene in this indication in the first half of 2015, with top-line data expected to be reported by the end of 2015. Apricus in-licensed the U.S. rights to fispemifene from Forendo Pharma in Q4 2014. Since then, it has transferred the regulatory filings from Forendo, developed a Phase 2b clinical trial protocol, held a scientific advisory board meeting with experts in the field to refine its development strategy, initiated the manufacturing process for the drug, and begun the clinical trial site selection process.

RayVa™ is a topical cream for the treatment of Raynaud's phenomenon, a circulatory disorder affecting the hands and feet. Patient enrollment commenced in December 2014 for a 45-patient Phase 2a clinical trial for RayVa which is expected to be completed and results announced in the second quarter in 2015. RayVa has the potential to be the only FDA approved treatment for this debilitating condition. RayVA contains Prostaglandin E1 as the active ingredient and Apricus' permeation enhancer (NexACT) which facilitates the delivery of the drug into the blood stream.

Femprox® is a topical cream for the treatment of female sexual interest / arousal disorder. It contains Prostaglandin E1 as the active ingredient and a permeation enhancer (NexACT) which facilitates the delivery of the drug into the blood stream.

NexACT Technology

NexACT® is a proprietary water-soluble small molecule permeation enhancer which temporarily changes the permeation dynamics of the lipid bi-layer and transiently loosens the tight junctions between the cells so that active drug molecules can be rapidly absorbed into systemic circulation. The NexACT technology is used in both Vitaros and RayVA. It can also improve the solubility of compounds resulting in enhanced drug permeation.

From Wikipedia’s article on Apricus Biosciences, shared under CC BY-SA 4.0.7

Former names

  • APRICUS BIOSCIENCES, INC.Sep 8, 2010 to Jan 24, 20196
  • NEXMED INCJun 5, 1997 to Sep 13, 20106

Timeline

  1. Nov 22, 20248-K Bankruptcy or receivership; Other events54
  2. Oct 24, 20248-K Shareholder vote; Other events55
  3. Oct 15, 20248-K Listing notice or transfer; Other events56
  4. Oct 7, 20248-K Other events57
  5. Sep 26, 20248-K Shareholder vote; Other events58
  6. Sep 25, 20248-K Change to shareholders' rights; Bylaws or fiscal year changed; Regulation FD disclosure59
  7. Sep 24, 20248-K Other events60
  8. Sep 3, 20248-K Entered a material agreement61
  9. Aug 8, 20248-K Director nominations62
  10. Jul 26, 20248-K Other events63
  11. Jul 16, 20248-K Entered a material agreement64
  12. Jul 12, 20248-K Entered a material agreement; Unregistered sale of shares65
  13. Mar 20, 2013New chief executive Richard W. Pascoe becomes CEO17
  14. Nov 30, 2012New chief executive Steven Robert Martin becomes CEO18
  15. Sep 14, 2010Went public Listed on NASDAQ1
  16. Dec 15, 2009New chief executive Bassam Damaj becomes CEO19
  17. Oct 4, 2007New chief executive Vivian H. Liu becomes CEO20
  18. 1987Founded Founded1

Filings

166 filings to the SEC since October 2021: 4 annual reports, 9 quarterly reports, 48 major events, 27 insider forms, 11 large holders, 3 private raises, 64 other. The latest 20:

  1. Sep 29, 2025SEC STAFF ACTION EDGAR
  2. Apr 4, 202525-NSE EDGAR
  3. Feb 14, 2025SCHEDULE 13G EDGAR
  4. Feb 14, 2025SCHEDULE 13G/A EDGAR
  5. Dec 4, 2024SC 13G/A EDGAR
  6. Nov 25, 2024SCHEDULE 13G EDGAR
  7. Nov 22, 2024NT 10-Q NOTIFICATION OF LATE FILING EDGAR
  8. Nov 22, 20248-K CURRENT REPORT EDGAR
  9. Nov 14, 2024SC 13G/A EDGAR
  10. Nov 5, 2024SC 13G EDGAR
  11. Oct 24, 2024DEFA14A EDGAR
  12. Oct 24, 20248-K EDGAR
  13. Oct 15, 20248-K EDGAR
  14. Oct 7, 20248-K EDGAR
  15. Sep 26, 2024DEFA14A EDGAR
  16. Sep 26, 20248-K EDGAR
  17. Sep 25, 20248-K EDGAR
  18. Sep 25, 2024S-1 EDGAR
  19. Sep 24, 20248-K EDGAR
  20. Sep 3, 20248-K EDGAR

The 166 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

5 open-market trades by officers, directors and large owners since October 2021: 5 buys and 0 sales. Grants, option exercises and gifts are left out.

DateWhoTradeSharesPriceValueFiling
Dec 1, 2023Mehra RajSee RemarksBuy75,757$1.32$100.0KForm 4
Nov 30, 2023Golembiewski Michael JosephChief Financial OfficerBuy83,000$1.21$100.4KForm 4
Jun 1, 2022O'Connor Daniel J.DirectorBuy16,000$0.61$9.8KForm 4
May 26, 2022DALESANDRO MARGARETDirectorBuy35,000$0.60$21.0KForm 4
Mar 31, 2022Mehra RajSee RemarksBuy66,667$0.85$56.7KForm 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.

Money raised

Private offerings the company reported to the SEC on Form D.

  1. Jul 11, 2024Filed a private offering of securities Form D: $1.1 million offered in all Form D
  2. May 21, 2024Filed a private offering of securities Form D: $2 million offered in all Form D
  3. Jan 30, 2024Filed a private offering of securities Form D: $3.6 million offered in all Form D

SEC filer profile

How Apricus Biosciences is registered with the Securities and Exchange Commission, from its EDGAR record and the cover page of its latest annual report.

  • Name on EDGARSEELOS THERAPEUTICS, INC.2
  • CIK0001017491
  • Employer ID (EIN)87-04499672
  • Filer statusNon-accelerated filer<br>smaller reporting company2
  • Incorporated inNevada2
  • Fiscal year endsDecember 312
  • Industry code (SIC)2834 Pharmaceutical Preparations2
  • SEC reviewing officeOffice of Life Sciences, Division of Corporation Finance2
  • Business address300 Park Avenue, 2Nd Floor, New York, NY 100222
  • Phone(646) 293-21002
  • Shares outstanding5,956,903 as of Aug 6, 202415
  • Public float$144.9M as of Jun 30, 202372
  • On EDGAR sinceMar 14, 19972
  • Filings1,404 in all: 4 (403), 8-K (349), 10-Q (71), 424B3 (36), 424B5 (36), CORRESP (36), 3 (35), SC 13G/A (35)2
    All 55 form types

    S-3 (32), SC 13G (32), DEF 14A (31), EFFECT (31), UPLOAD (27), 10-K (23), S-8 (19), DEFA14A (16), PRE 14A (16), 425 (13), 10QSB (12), 5 (12), 8-K/A (12), S-3/A (12), SC 13D/A (11), D (9), ARS (8), CT ORDER (8), S-1 (8), S-1/A (8), SC 13D (8), REGDEX (7), 4/A (5), 10-K/A (4), 10-Q/A (4), NT 10-Q (4), 10SB12G/A (3), 424B4 (3), 10KSB40 (2), 8-A12G (2), FWP (2), POS AM (2), S-4/A (2), SCHEDULE 13G (2), 10-K405 (1), 10KSB (1), 10QSB/A (1), 10SB12G (1), 25-NSE (1), 3/A (1), NT 10-K (1), REGDEX/A (1), RW (1), S-4 (1), SB-2/A (1), SCHEDULE 13G/A (1), SEC STAFF ACTION (1)

  • Latest filingsAnnual report (10-K) Mar 6, 2024
    Quarterly report (10-Q) Aug 14, 2024
    Proxy statement (DEF 14A) Aug 20, 2024
    Latest 8-K (8-K) Nov 22, 2024

Sources

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