Pacific Edge (PEB)

Business description

Pacific Edge develops and sells a portfolio of molecular diagnostic tests based on biomarkers for the early detection and management of cancer. Tests utilising its Cxbladder technology for detecting and monitoring bladder cancer are sold in the US, New Zealand and Australia.

Stock data

Market cap.NZ$189.9m
Last closeNZ$0.48
High / Low (52 weeks)NZ$0.6 / NZ$0.4
Stock market listingNZ
Forecast net cash (NZ$m)8.7
Forecast gearing ratio (%)N/A
TeamHealthcare
SectorPharmaceutical & healthcare

Price performance

%1m3m12m
Actual(6.9)(18.1)(19.5)
Relative *(8.8)(21.7)(20.8)

* % Relative to local index

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Company news

Pacific Edge Launches Cxbladder Monitorâ„¢ in the United States

Mon, 12 Dec 2016 21:36:48 GMT

Research Shows Pacific Edge's Cxbladder Detect Outperforms Other Non-Invasive ...

Tue, 26 May 2015 13:03:54 GMT

Pacific Edge Limited Full Year Results to 31 March 2017

Tue, 23 May 2017 22:52:05 GMT

Pacific Edge Presents Positive Cxbladder Monitorâ„¢ Results

Mon, 16 May 2016 20:02:11 GMT

Pacific Edge announces commercial launch of Cxbladder Monitor in the US

Thu, 15 Dec 2016 13:07:30 GMT

Investment summary

Pacific Edge develops and sells a portfolio of molecular diagnostic tests based on biomarkers for the early detection and management of cancer. Tests utilising its Cxbladder technology for detecting and monitoring bladder cancer are sold in the US, New Zealand and Australia. The company announced the signing of a Federal Supply Schedule to the Veterans Administration, allowing the marketing of Cxbladder tests within the organization - the largest integrated healthcare system in the US. The company has also signed an agreement recently with Tricare, which handles the healthcare for all uniformed service members and their families. The company also announced positive data from a user programme with Kaiser Permanente Southern California, which could lead to a commercial agreement with that group.

Last updated on 03/08/2017

Y/E Mar Revenue (NZ$m) EBITDA (NZ$m) PBT (NZ$m) EPS (c) P/E (x) P/CF (x)
2016A 6.4 (14.9) (15.5) (4.1) N/A N/A
2017A 9.3 (19.6) (20.8) (5.4) N/A N/A
2018E 18.5 (8.2) (9.2) (2.3) N/A N/A
2019E 41.8 12.3 11.2 1.9 25.3 13.5

Last updated on 14/07/2017

Latest video

Industry outlook

Molecular diagnostics is a growing, but increasingly competitive field. Lead time from the initiation of user programmes to payment can be long.

Last updated on 03/08/2017

Key management

Christopher Swann , Chairman
David Darling, CEO

Company address

87 St David Street
PO Box 56
Dunedin
New Zealand
+64 3 479 5800
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