Overview
- IndustryIn Vitro & In Vivo Diagnostic Substances1
- HeadquartersHouston, Texas1
- Incorporated inDE3
- Business address12000 Richmond Ave, Houston, Tx 770823
- Filer categoryNon-accelerated filer, Smaller reporting company3
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Burzynski Research Institute, Inc. (the “Company”) was incorporated under the laws of the State of Delaware in 1984 in order to engage in the research, production, marketing, promotion and sale of certain medical chemical compounds composed of growth-inhibiting peptides, amino acid derivatives and organic acids which are known under the trade name “Antineoplastons.” The Company believes Antineoplastons are useful in the treatment of human cancer and is currently reviewing data of its Phase II clinical trials of Antineoplastons relating to the treatment of various cancers. Antineoplastons have not been approved for sale or use by the Food and Drug Administration of the United States Department of Health and Human Services (“FDA”) or anywhere in the world. In the event Antineoplastons receive such approval and are registered in the United States or Canada, of which there can be no assuranc…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
| Fiscal year | 2018 | 2019 | 2020 | 2021 | 2022 | 2023 | 2024 | 2025 |
|---|---|---|---|---|---|---|---|---|
| Revenue | $05 | $06 | $07 | $08 | $09 | $010 | $02 | $02 |
| Research and development | $1.3M5 | $1.1M6 | $1.2M7 | $1.0M8 | $759.5K9 | $718.5K10 | $865.0K2 | $1.0M2 |
| Operating expenses | $976.7K9 | $916.3K10 | $1.3M2 | $1.4M2 | ||||
| Operating income | -$1.6M5 | -$1.6M6 | -$1.6M7 | -$1.3M8 | -$976.7K9 | -$916.3K10 | -$1.3M2 | -$1.4M2 |
| Income before tax | -$976.7K9 | -$916.3K10 | -$1.3M2 | -$1.4M2 | ||||
| Income tax | $07 | $08 | $09 | $010 | $02 | $02 | ||
| Net income | -$916.3K10 | -$1.3M2 | -$1.4M2 | |||||
| Earnings per share | -$0.018 | -$0.019 | -$0.0110 | -$0.012 | -$0.012 | |||
| Earnings per share (diluted) | -$0.018 | -$0.019 | -$0.0110 | -$0.012 | -$0.012 | |||
| Shares (weighted, basic) | 131.4M shares9 | 131.4M shares10 | 131.4M shares2 | 131.4M shares2 | ||||
| Shares (weighted, diluted) | 131.4M shares9 | 131.4M shares10 | 131.4M shares2 | 131.4M shares2 |
| Fiscal year | 2018 | 2019 | 2020 | 2021 | 2022 | 2023 | 2024 | 2025 |
|---|---|---|---|---|---|---|---|---|
| Cash | $5065 | $7086 | $1637 | $628 | $3.4K9 | $93410 | $1.3K2 | $8472 |
| Current assets | $28.9K5 | $22.3K6 | $19.9K7 | $9568 | $4.7K9 | $1.9K10 | $2.3K2 | $8472 |
| Total assets | $28.9K5 | $22.2K6 | $19.9K7 | $9568 | $4.7K9 | $1.9K10 | $2.3K2 | $8472 |
| Accounts payable | $12.6K10 | $9.0K2 | $17.0K2 | |||||
| Current liabilities | $136.6K5 | $208.8K6 | $172.4K7 | $46.8K7 | ||||
| Total liabilities | $136.6K5 | $208.8K6 | $172.4K7 | $46.8K8 | $3.5K9 | $15.7K10 | $27.4K2 | $42.5K2 |
| Retained earnings | -$125.8M9 | -$126.8M10 | -$128.1M2 | -$129.5M2 | ||||
| Shareholders’ equity | -$107.7K6 | -$186.6K7 | -$152.6K8 | -$45.8K9 | $1.2K10 | -$13.7K2 | -$25.1K2 | -$41.6K2 |
| Shares outstanding | 131.4M shares13 | 131.4M shares5 | 131.4M shares6 | 131.4M shares7 | 131.4M shares8 | 131.4M shares9 | 131.4M shares10 | 131.4M shares2 |
Cash flow is reported year to date, not quarter by quarter, so there are no separate quarterly figures.
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What it owns
What BURZYNSKI RESEARCH INSTITUTE INC 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.
Investments
Properties, in its own words
The Company does not own or invest in real estate, interests in real estate, real estate mortgages or securities of or interests in persons primarily engaged in real estate activities.
The Company conducts its business in premises owned by Dr. Burzynski. Pursuant to arrangements with Dr. Burzynski (see “Certain Relationships and Related Transactions, and Director Independence—Research Funding Arrangements”), the Company occupies (i) 675 square feet at 12707 Trinity Drive, Stafford, Texas for office, laboratory and medical research purposes and (ii) 540 square feet at 9432 Katy Freeway, Houston, Texas for its executive offices. Management of the Company believes that each of these properties is adequately covered by insurance.
Item 2 of the 10-K filed May 20, 2025.4
Leadership
Who has led BURZYNSKI RESEARCH INSTITUTE INC, and when. Pick a name to see everywhere that person has worked.
President
- PresidentStanislaw Burzynski Apr 12, 2012 to Apr 12, 201214
Board members and other officers (8)
- Secretary and TreasurerPatryk Goscianski Apr 12, 2012 to Apr 12, 201215
- VP of Clinical TrialsTomasz Janicki Apr 12, 2012 to Apr 12, 201216
- Board memberMonika Szopa-Paszkowiak Oct 6, 2021 to Oct 6, 202117
- Board memberFrederick Richard Schiff Jul 15, 2013 to Jul 15, 201318
- Board memberBarbara Burzynski Apr 12, 2012 to Apr 12, 201219
- Board memberCarlton Hazlewood Apr 12, 2012 to Apr 12, 201220
- Board memberGregory Burzynski Apr 12, 2012 to Apr 12, 201221
- Board memberStanislaw Burzynski Apr 12, 2012 to Apr 12, 201214
Timeline
Filings
26 filings to the SEC since October 2021: 4 annual reports, 14 quarterly reports, 7 major events, 1 insider forms. The latest 20:
- May 12, 20268-K EDGAR
- Apr 23, 20268-K EDGAR
- Jan 13, 202610-Q EDGAR
- Oct 14, 202510-Q EDGAR
- Sep 11, 20258-K/A EDGAR
- Jul 24, 20258-K EDGAR
- Jul 15, 202510-Q EDGAR
- May 20, 202510-K EDGAR
- Jan 13, 202510-Q EDGAR
- Oct 10, 202410-Q EDGAR
- Jul 15, 202410-Q EDGAR
- May 29, 202410-K EDGAR
- Jan 16, 202410-Q EDGAR
- Oct 12, 202310-Q EDGAR
- Jul 13, 202310-Q EDGAR
- May 25, 202310-K EDGAR
- May 22, 20238-K EDGAR
- Apr 6, 20238-K EDGAR
- Jan 13, 202310-Q EDGAR
- Oct 13, 202210-Q EDGAR
The 26 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.
SEC filer profile
How BURZYNSKI RESEARCH INSTITUTE INC is registered with the Securities and Exchange Commission, from its EDGAR record and the cover page of its latest annual report.
- Name on EDGARBURZYNSKI RESEARCH INSTITUTE INC1
- CIK0000724445
- Employer ID (EIN)76-01368104
- Filer statusNon-accelerated filer not an emerging growth company; a smaller reporting company; not a shell company4
- Incorporated inDelaware4
- Fiscal year endsFebruary 281
- Industry code (SIC)2835 In Vitro & In Vivo Diagnostic Substances1
- SEC reviewing officeOffice of Life Sciences, Division of Corporation Finance1
- Business address12000 Richmond Ave, Houston, TX 770821
- Mailing address9432 Katy Freeway, Houston, TX 770551
- Phone(713) 335-56971
- Shares outstanding131,448,444 as of Jan 13, 202612
- Public float$1.0M as of Aug 30, 20244
- AuditorPannell Kerr Forster, Houston, Texas PCAOB ID 342; no auditor attestation of internal control over financial reporting4
- On EDGAR sinceNov 25, 19971
- Filings147 in all: 10-Q (53), 10QSB (25), 10-K (17), 8-K (17), 10KSB (8), 5 (7), 10SB12G/A (4), 3 (3)1
All 17 form types
CORRESP (3), UPLOAD (3), 10-K/A (1), 10KSB/A (1), 10KSB40 (1), 10SB12G (1), 4 (1), 8-K/A (1), NT 10-K (1)
- Latest filingsAnnual report (10-K) May 20, 2025
Quarterly report (10-Q) Jan 13, 2026
Latest 8-K (8-K) May 12, 2026
Securities registered for trading
| Class | Symbol | Exchange |
|---|---|---|
| BZYR |
From the cover page of the 10-K filed May 20, 2025 (Section 12(b) of the Exchange Act).4
Risk factors and legal proceedings
The risks BURZYNSKI RESEARCH INSTITUTE INC names in Item 1A of its 10-K filed May 20, 2025: 25 risks under these headings, as written.4
- Risks Relating to Our Business and Industry
- Products that appear promising in research and development may be delayed or may fail to reach later stages of clinical development.
- There is no assurance that Antineoplaston will be safe, effective or receive regulatory approval.
- Our source of funding is limited. If we fail to obtain additional financing when needed, we may be unable to complete the development, regulatory approval and commercialization of Antineoplaston.
- We have a history of net losses, we anticipate additional losses and we may not become profitable.
- The failure to enroll patients for clinical trials may cause delays in developing our product candidates.
- There is no assurance that we will be granted regulatory approval for Antineoplaston.
- Clinical trials are expensive and time consuming, and any failure or delay in commencing or completing clinical trials for our product candidates could severely harm our business.
- We depend on the Burzynski Clinic (and, possibly, in the future, other third-parties) to conduct and manage our clinical trials. If the Burzynski Clinic and these other third-parties do not successfully carry out their contractual duties or meet expected timelines, we may face costs and delays that may prevent or delay us from obtaining regulatory approval for or commercializing our product candidates, which could substantially harm our business.
- Antineoplaston may never achieve market acceptance even if we obtain regulatory approval.
- We face substantial competition, which may result in others discovering, developing or commercializing products before, or more successfully, than we do.
- If we are unable to enter into agreements with partners to perform sales and marketing functions, or build these functions ourselves, we will not be able to commercialize our product candidates.
The other 14 risks
- We depend on key individuals to maintain and manage our business in a rapidly changing market.
- We may face risks related to securities litigation that could result in significant legal expenses and settlement or damage awards.
- Risks Related to Regulatory Matters
- Our product candidates may cause undesirable side effects that could delay or prevent their regulatory approval or commercialization.
- Even if regulatory approval is received for our product candidates, the later discovery of previously unknown problems with a product, manufacturer or facility may result in restrictions, including withdrawal of the product from the market.
- If we fail to establish and maintain proper and effective internal controls, our ability to produce accurate financial statements on a timely basis could be impaired, which would adversely affect our consolidated operating results, our ability to operate our business, and our stock price, and could result in litigation or similar actions.
- Risks Related to Intellectual Property Matters
- If we are unable to maintain and enforce our proprietary rights, we may not be able to compete effectively or operate profitably.
- If we are unable to obtain intellectual property rights to develop or market our products or we infringe on a third-party patent or other intellectual property rights, we may need to alter or terminate a product development program.
- We may incur substantial costs as a result of litigation or other proceedings relating to patent and other intellectual property rights, and we may be unable to protect our rights in, or to use, our technology.
- Risks Related to the Ownership of Our Common Stock
- An active, liquid trading market for our common stock may not develop.
- Our principal shareholders, executive officers and directors own a significant percentage of our common stock and will continue to have significant control of our management and affairs, and they can take actions that may be against your best interests.
- Investors may face significant restrictions on the resale of our common stock due to federal regulations of penny stocks.
- The trading price of our common stock may be volatile.
- We may seek to raise additional capital in the future; however, such capital may not be available to us on reasonable terms, if at all, when or as we require additional funding. If we issue additional shares of our common stock or other securities that may be convertible into, or exercisable or exchangeable for, our common stock, our existing stockholders would experience further dilution.
- Because we do not expect to pay dividends on our common stock, stockholders will benefit from an investment in our common stock only if it appreciates in value.
Legal proceedings
The Company’s activities are subject to regulation by various governmental agencies, including the FDA, which regularly monitor the Company’s operations and often impose requirements on the conduct of its clinical trials and other aspects of the Company’s business operations. The Company’s policy is to comply with all such regulatory requirements. From time to time, the Company is also subject to potential claims by patients and other potential claimants commonly arising out of the operation of a medical practice. The Company seeks to minimize its exposure to claims of this type wherever possible.
Currently, the Company is not a party to any material pending legal proceedings. Moreover, the Company is not aware of any such legal proceedings that are contemplated by governmental authorities with respect to the Company.
The opening of Item 3, Legal Proceedings.4
Sources
The numbers on this page point here. Each one links to the record it came from.
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- 14SEC EDGARStanislaw Burzynski, President
- 15
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- 19SEC EDGARBarbara Burzynski, Board member
- 20SEC EDGARCarlton Hazlewood, Board member
- 21SEC EDGARGregory Burzynski, Board member
- 22SEC EDGAROther events
- 23SEC EDGARExecutive or director change
- 24SEC EDGARChange of auditor
- 25SEC EDGARChange of auditor
- 26SEC EDGAREntered a material agreement
- 27SEC EDGARExecutive or director change
- 28SEC EDGARExecutive or director change