BioLight Life Sciences (BOLT)

Business description

Based in Israel, BioLight is an emerging ophthalmic company focused on the development and commercialisation of products and product candidates that address ocular conditions. Lead products IOPtiMate and VS-101 are directed towards the treatment of glaucoma.

Stock data

Market cap.NIS50.3m
Last closeNIS13.84
High / Low (52 weeks)NIS16.8 / NIS8.4
Stock market listingTel Aviv Stock Exchange
Forecast net cash (NISm)8.9
Forecast gearing ratio (%)N/A
TeamHealthcare
SectorPharmaceutical & healthcare

Price performance

%1m3m12m
Actual(0.7)7.9(7.1)
Relative *3.811.8(4.6)

* % Relative to local index

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Company news

BioLight Reports Successful Results in Phase 1/2a Clinical Trial for Glaucoma ...

Mon, 24 Jul 2017 15:00:00 GMT

Biolight Life Sciences: Promising Eye-d Vs-101 Phase I/iia Data

Mon, 07 Aug 2017 09:11:15 GMT

BioLight's TeaRx Multi-Parameter Diagnostic Assays to be Used in Dry Eye ...

Thu, 23 Feb 2017 12:00:00 GMT

BioLight Announces Partnership With Axella Research For CellDetect® Non ...

Mon, 30 Nov 2015 12:00:00 GMT

BioLight Israeli: A Small-Cap Biotech With Potential Upside

Wed, 01 Oct 2014 17:45:37 GMT

Y/E Dec Revenue (NISm) EBITDA (NISm) PBT (NISm) EPS (NIS) P/E (x) P/CF (x)
2015A 1.4 (24.3) (25.1) (6.96) N/A N/A
2016A 2.1 (20.2) (26.3) (5.55) N/A N/A
2017E 4.9 (24.5) (27.0) (6.93) N/A N/A
2018E 11.3 (31.2) (33.7) (8.63) N/A N/A

Last updated on 07/08/2017

Investment summary

BioLight reported positive results from a 77-patient US Phase I/IIa study on Eye-D VS-101, being developed as an extended-dose platform for treating glaucoma. We have raised our estimate for the candidate’s probability of commercial success to 30% (from 20%), which, with other adjustments, leads to an increase in our rNPV valuation to NIS121.6-135.7m.

Last updated on 07/08/2017

Industry outlook

IOPtima signed a non-binding term sheet in April 2017 for it to be acquired by a Chinese company, Chengdu Kanghong Pharma. While there is uncertainty on whether the deal will proceed, the transaction could potentially provide IOPtima shareholders with $17m (NIS62m) within six months of completion. This amount will be allocated to IOPtima shareholders on a pro rata basis according to the preferences assigned to different classes of IOPtima shares, and the potential allocation to BioLight has not been disclosed. BioLight in June 2017 completed a rights offering (96% subscribed) that raised NIS11.5m (1.03m shares purchased at NIS11.20 per share).

Last updated on 03/08/2017

Key management

Israel Makov, Chairman
Suzana Nahum Zilberberg, CEO
Itai Bar-Natan, CFO

Company address

Kiryat Atidim Building 3
5th Floor
Tel Aviv
6158101
Israel
972-73-2753400
View website