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$193.9m
Last closeUS$16.46
High / Low (52 weeks)US$20.5 / US$6.4
Stock market listingUS
Forecast net debt (US$m)8.4
Forecast gearing ratio (%)70
TeamHealthcare
SectorPharmaceutical & healthcare

Price performance

%1m3m12m
Actual153.2142.1(3.2)
Relative *148.6132.9(15.2)

* % 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)
2015A 0.0 (11.3) (49.0) (573.33) N/A N/A
2016A 0.0 (27.3) (18.1) (157.37) N/A N/A
2017E 0.0 (49.0) (50.8) (410.41) N/A N/A
2018E 0.0 (68.8) (85.5) (658.72) N/A N/A

Last updated on 26/04/2017

Investment summary

Whilst following Edison’s normal publication process, which includes a review of a note by a supervisory analyst and a fact checking of the document by the issuer, it has come to light that there were material errors in the last note Edison published on Akari Therapeutics. Edison has withdrawn the last note from circulation and is conducting a review of the coverage. Whilst we undertake this review, the Director of Research has taken the decision to suspend coverage of Akari Therapeutics. Accordingly, our current investment views and earnings estimates for the stock are no longer in effect and should not be relied upon by investors.

Last updated on 27/04/2017

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 04/04/2017

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