NexgenRx Inc. (NEGXF) Research

NexgenRx Inc., established in 2003 and based in Toronto, Canada, functions as a third-party administrator for health benefit plans. The company's primary role involves efficiently managing, adjudicating, and processing payments for prescription drug, dental, and various other extended healthcare claims for individuals covered by plans offered by its clients across Canada. Beyond core claims handling, NexgenRx offers Health Care Spending Accounts (HCSAs), providing individuals with dedicated funds for their health or dental expenses. Its service portfolio also encompasses individual and aggregate stop-loss insurance products, emergency medical and travel assistance insurance, and a suite of administrative support functions. These administrative services include the collection and disbursement of premiums for life and long-term disability (LTD) coverage, complemented by advanced reporting tools. To enhance convenience, the company facilitates online claims submission and direct deposit services, along with other specialized ancillary services.

Market snapshot

Symbol
NEGXF
Price
$0.33
Day change
0.00%
Market cap
$32.8M
P/E ratio
16.42x
52-week range
0.19-0.325
Sector
Healthcare
Industry
Medical - Healthcare Plans
Next earnings
in 2 months

Peer companies

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  • Nurosene Health Inc. (MNNDF)
  • Noxopharm Limited (NOXOF)
  • Simply Better Brands Corp. (PKANF)
  • Poxel S.A. (PXXLF)
  • RAMM Pharma Corp. (RAMMF)
  • Rapid Dose Therapeutics Corp. (RDTCF)
  • Red White & Bloom Brands Inc. (RWBYF)

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