Akari Therapeutics (AKTX)

Business description

Akari Therapeutics is a biopharmaceutical company developing Coversin, a complement system inhibitor for the treatment of paroxysmal nocturnal hemoglobinuria (PNH), atypical hemolytic uremic syndrome (aHUS), and other immune disorders without a standard of care.

Stock data

Market cap.US$94.2m
Last closeUS$8.00
High / Low (52 weeks)US$18.9 / US$6.7
Stock market listingUS
Forecast net cash (US$m)39.4
Forecast gearing ratio (%)N/A
TeamHealthcare
SectorPharmaceutical & healthcare

Price performance

%1m3m12m
Actual9.1(12)(52.2)
Relative *9.1(16.6)(60.3)

* % Relative to local index

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Company news

Y/E Dec Revenue (US$m) EBITDA (US$m) PBT (US$m) EPS (c) P/E (x) P/CF (x)
2014A N/A N/A N/A N/A N/A N/A
2015A 0.0 (11.3) (49.0) (573.33) N/A N/A
2016E 0.0 (25.1) (17.4) (143.86) N/A N/A
2017E 0.0 (49.5) (51.3) (404.55) N/A N/A

Last updated on 10/01/2017

Investment summary

Akari provided an update at the American Society of Hematology (ASH) meeting on the Soliris-resistant patient who has now been well controlled with Coversin for nine months. New data were released supporting a once-daily dosing, with complete inhibition of hemolysis with 22.5mg and 30mg per day. The company also provided guidance on new indications either by leveraging Coversin’s leukotriene B4 activity, or its ease of derivatization into new longer lasting and targeted versions. Results from the Phase II paroxysmal nocturnal hemoglobinuria study are expected in Q117.

Last updated on 09/01/2017

Industry outlook

Akari is targeting a $2.59 billion market with their tick derived complement inhibitor. A main advantage over the competition is that Coversin can be given subcutaneously at home while competitors generally need to be given via infusion at an infusion center.

Last updated on 21/12/2016

Key management

Ray Prudo, Chairman
Gur Roshwalb, CEO
Dov Elefant, CFO

Company address

24 West 40th Street
New York
10018
United States
+1 646 350 0702
View website