ImmuPharma (IMMX)

Last close As at 25/04/2024

USD2.13

−0.17 (−7.39%)

Market capitalisation

USD57m

ImmuPharma is a UK drug development company linked to the leading French research organisation (CNRS). The lead project, Lupuzor, is in a Phase IIb trial with partner Cephalon for lupus. A new peptide cancer product, Nucant-6L, has entered Phase I/II studies.

Sector

Healthcare

Balance Sheet

Forecast net debt (US$m)

15.1

Forecast gearing ratio (%)

N/A

Share Price Performance

Price Performance
% 1M 3M 12M
Actual (35.3) (54.5) 19.0
Relative (33.2) (56.3) (2.9)
52 week high/low 7.3p/1.6p

Financials

ImmuPharma’s ability to secure a new partner for Lupuzor, having re-claimed the rights in the wake of Teva’s acquisition of Cephalon, is fundamental to its investment case and provides a major near-term catalyst. ImmuPharma believes it can secure a deal on terms at least as good as those with Cephalon – $45m upfront in a $500m plus royalties deal – given the product is now Phase III-ready, has an SPA and fast-track status in place.

Y/E Dec Revenue (US$m) EBITDA (US$m) PBT (US$m) EPS (c) P/E (x) P/CF (x)
2020A 0.0 (0.5) (0.6) (50.88) N/A N/A
2021A 0.0 (1.4) (1.3) (35.91) N/A N/A
2022E 0.0 (6.2) (5.9) (42.56) N/A N/A
2023E 0.0 (8.8) (8.8) (63.12) N/A N/A

Thematics

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