Atossa Genetics (ATOS)

Business description

Based in Seattle, WA, Atossa Genetics is focused on the development of locally administered pharmaceuticals for the treatment of pre-cancer and early-stage breast cancer. Lead candidate afimoxigene topical gel is expected to start a Phase II study in 2016 in breast hyperplasia or DCIS.

Stock data

Market cap.US$2.8m
Last closeUS$0.38
High / Low (52 weeks)US$4.0 / US$0.4
Stock market listingUS
Forecast net debt (US$m)2.9
Forecast gearing ratio (%)106
TeamHealthcare
SectorPharmaceutical & healthcare

Price performance

%1m3m12m
Actual(28.3)(36.7)(90.9)
Relative *(29.4)(38.9)(92.1)

* % Relative to local index

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Company news

Atossa Genetics Completes Enrollment in Endoxifen Phase 1 Study and Provides ...

Tue, 25 Jul 2017 13:07:30 GMT

Atossa Genetics Announces Warrant Exercises

Fri, 30 Jun 2017 14:38:34 GMT

Atossa Genetics Inc.

Tue, 02 Oct 2012 23:29:04 GMT

Ambitious Atossa Genetics Going After Two Breast Cancer Blockbusters

Thu, 10 Dec 2015 18:23:21 GMT

Atossa Genetics Announces First Quarter 2017 Financial Results and Provides ...

Thu, 11 May 2017 21:22:30 GMT

Y/E Dec Revenue (US$m) EBITDA (US$m) PBT (US$m) EPS (c) P/E (x) P/CF (x)
2015A 0.0 (9.5) (9.8) (514.81) N/A N/A
2016A 0.0 (6.9) (7.3) (245.98) N/A N/A
2017E 0.0 (9.7) (9.9) (210.84) N/A N/A
2018E 0.0 (10.9) (11.2) (216.54) N/A N/A

Last updated on 30/05/2017

Investment summary

Atossa raised $4.4m in April 2017 in an equity raise consisting of common shares, Series A convertible preferred shares (SACPS), and warrants. We believe the proceeds should extend its cash runway into Q417 as it advances its 30-patient Phase II study on IDMC-delivering fulvestrant in patients scheduled for mastectomy or lumpectomy, and its 48-patient Phase I trial on endoxifen. We obtain an rNPV-based equity valuation of $9.3m.

Last updated on 30/05/2017

Industry outlook

IDMC-fulvestrant development may hinge on future FDA guidance on whether the projects can fall under the 505(b)2 development pathway, which would reduce the breadth of clinical data needed to support a marketing application. An endoxifen human study started in April 2017. Atossa had $3.1 net cash at YE16, and recently raised $4.4m (gross) in an equity offering, which we estimate extends its runway into Q417.

Last updated on 02/05/2017

Key management

Steven Quay , CEO
Kyle Guse, CFO

Company address

2300 Eastlake Ave E
Suite 200
Seattle
WA 98102
United States
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