Photocure (PHO)

Business description

Photocure specialises in photodynamic therapy. Its bladder cancer imaging product is sold as Hexvix in Europe and Cysview in the US. Photocure handles the marketing in Nordic countries and the US, while Ipsen is its marketing partner in the EU.

Stock data

Market cap.NOK638.1m
Last closeNOK29.60
High / Low (52 weeks)NOK37.9 / NOK22.1
Stock market listingNO
Forecast net cash (NOKm)112.8
Forecast gearing ratio (%)N/A
TeamHealthcare
SectorPharmaceutical & healthcare

Price performance

%1m3m12m
Actual9.016.5(24.9)
Relative *12.915.6(33.9)

* % Relative to local index

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Company news

Photocure ASA: Presentation at the DNB Nordic Healthcare Conference, Oslo

Wed, 13 Dec 2017 09:56:15 GMT

Photocure ASA: Results for the third quarter of 2017

Wed, 08 Nov 2017 06:11:15 GMT

Photocure ASA: Results for second quarter and first half year of 2017

Wed, 23 Aug 2017 05:14:57 GMT

Photocure ASA: Presentation at the Carnegie Nordic Healthcare Day, New York

Tue, 05 Dec 2017 12:00:00 GMT

Photocure ASA: FDA grants priority review for Cysview® supplemental New Drug ...

Wed, 18 Oct 2017 06:11:15 GMT

Y/E Dec Revenue (NOKm) EBITDA (NOKm) PBT (NOKm) EPS (øre) P/E (x) P/CF (x)
2015A 134.7 (18.1) (17.4) (82.0) N/A N/A
2016A 143.6 (8.0) 12.8 59.0 50.2 33.2
2017E 150.0 (33.1) (43.9) (204.0) N/A N/A
2018E 242.5 15.9 10.2 47.0 63.0 N/A

Last updated on 13/12/2017

Investment summary

Photocure specialises in photodynamic therapy. Its bladder cancer imaging product (known as Hexvix in Europe and Cysview in the US) improves detection rates and helps prolong recurrence-free survival. The company recently announced positive Phase III data in the surveillance setting which may vastly increase their addressable market size as well as a new CMS rule which will increase reimbursement in the United States. Cevira is a Phase III-ready product for HPV-related diseases of the cervix and Visonac is a Phase III-ready product for acne. Photocure recently announced that the search for partners for Cevira and Visonac is expanded to include outright sale of those products, possible spinoffs or other strategic alternatives.

Last updated on 02/02/2018

Industry outlook

Photocure is a photodynamic therapy company focused on bladder cancer imaging, HPV-related diseases and acne. As its products typically are a combination of a drug and a device, hurdles for generics are typically higher than with other therapeutics.

Last updated on 02/02/2018

Key management

Kjetil Hestdal, CEO
Erik Dahl, CFO

Company address

Hoffsveien 4
NO-0275
Oslo
Norway
+47 22 06 22 10
View website