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Agentix Corp.

CIK: 16033452 Annual ReportsLatest: 2025-07-16

10-K / July 16, 2025

Revenue:N/A
Income:-$567,048

10-K / August 30, 2024

Revenue:N/A
Income:-$585,154

10-K / July 16, 2025

Company Summary: Agentix Corp.

Business Focus

  • Industry: Biotechnology and pharmaceutical development
  • Specialization: Development of therapeutics targeting metabolic diseases, specifically focusing on "peripherally-restricted" drugs that do not cross the blood-brain barrier (BBB).

Core Assets & Pipeline

  • Main Product Candidate: AGTX-2004 (DBPR211)

    • A peripherally-acting CB1 receptor antagonist designed to treat obesity and Type 2 diabetes mellitus (T2DM).
    • Demonstrated efficacy in animal models; does not cross the BBB.
    • Has received FDA clearance for an IND application, with plans to initiate Phase 1 safety and tolerability trials in Australia.
  • Additional Asset: AGTX-2003 (RTI-1092769)

    • Also a peripherally-acting CB1 receptor inverse agonist.
    • Shows efficacy in animal models for obesity and non-alcoholic fatty liver disease (NAFLD).
    • Currently being prepared for IND filing with the FDA.
  • License Agreements:

    • Exclusive worldwide rights to AGTX-2004 licensed from Taiwan’s National Health Research Institute (NHRI).
    • License for technology related to pyrazole compounds for T2D, obesity, and fatty liver disease from Taiwan’s NHRI.

Market & Industry Context

  • Market Drivers:

    • Increasing prevalence of metabolic syndrome, obesity, and Type 2 diabetes globally.
    • Rising adoption of biopharmaceuticals and strategic industry partnerships.
    • The market includes monoclonal antibodies, recombinant proteins, vaccines, and hormones.
    • North America is a major market, with high growth projected in Asia Pacific.
  • Competitors:

    • Major biopharma companies like Novo Nordisk, Johnson & Johnson, Pfizer, Roche, Eli Lilly, Biogen, Merck, Sanofi, Bristol-Myers Squibb, Bayer.

Business Stage & Operations

  • Stage: Clinical development stage; no revenue has been generated yet.
  • Employees: None as of March 31, 2025.
  • Operational Focus:
    • Research and development of drug candidates.
    • Initiating and preparing for Phase 1 clinical trials.
    • Developing intellectual property and licensing agreements.

Financial & Commercial Status

  • Revenue: None reported for fiscal years ending March 31, 2024 and 2025.
  • Net Loss:
    • Approximately $567,048 in the year ending March 31, 2025
    • Approximately $585,154 in the year ending March 31, 2024
  • Assets:
    • Total current assets of about $100,274 as of March 31, 2025.
    • No long-term assets reported.
  • Liabilities:
    • Total liabilities of approximately $3,204,523 as of March 31, 2025, mainly owed to related parties and vendors.
  • Cash Position:
    • Approximately $4,477 as of March 31, 2025.
    • Significant doubt about the company's ability to continue as a going concern due to net losses and high liabilities.

Key Highlights

  • No full-time or part-time employees; operations managed by Rehan Huda, CEO and Director.
  • Focused on drug development, partnerships, licensing, and clinical trials rather than sales or commercial production at this stage.
  • The company is operating at a significant net loss, with no current revenue, and heavily reliant on external funding and licensing milestones to progress.