Pixium Vision (PIX)

Business description

Pixium Vision develops retinal implants for patients with severe vision loss. Its lead product Iris is an epi-retinal implant, which received CE mark approval in 2016; a sub-retinal implant (Prima) is expected to start a human study in 2017 .

Stock data

Market cap.€40.7m
Last close€3.08
High / Low (52 weeks)€7.3 / €2.8
Stock market listingEU
Forecast net debt (€m)1.8
Forecast gearing ratio (%)16
TeamHealthcare
SectorPharmaceutical & healthcare

Price performance

%1m3m12m
Actual(6.7)(45.6)(45.5)
Relative *(5.9)(47.7)(54.3)

* % Relative to local index

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Company news

Pixium Vision Receives Approval for First-in-Human Clinical Trial of PRIMA ...

Thu, 19 Oct 2017 05:01:31 GMT

Pixium Vision announces CE market approval of IRIS

Mon, 25 Jul 2016 04:52:30 GMT

Pixium Vision Announces Updates on Its Epi-retinal IRIS

Wed, 27 Sep 2017 05:01:34 GMT

Pixium Vision Receives NUB Innovation Reimbursement Status-1 for 150 Electrode ...

Tue, 14 Feb 2017 06:01:29 GMT

Pixium Vision Receives Clinical Trial Approval from UK Regulatory Authority ...

Tue, 31 May 2016 06:56:15 GMT

Y/E Dec Revenue (€m) EBITDA (€m) PBT (€m) EPS (c) P/E (x) P/CF (x)
2015A 3.3 (14.6) (15.6) (122.88) N/A N/A
2016A 2.5 (11.4) (12.4) (97.60) N/A N/A
2017E 2.8 (11.5) (13.3) (101.00) N/A N/A
2018E 3.0 (14.6) (18.8) (138.68) N/A N/A

Last updated on 24/10/2017

Investment summary

Pixium Vision is developing two different retinal implant systems that transform images into electrical signals to elicit visual perception in patients with severe retinal disease. Pixium recently reported data from its 10-patient Iris II study showing that it improves visual performance, but stops operating as intended at approximately nine to 12 months post-implantation. Pixium has halted new implantations as it plans to study a potential remedy to improve longevity. Positive pre-clinical data with Prima, a subretinal implant potentially providing better visual acuity than Iris II, should support first human testing by YE17. Pixium held €14.9m in gross cash at 30 June 2017 and has up to €3m available in additional debt financing available.

Last updated on 02/11/2017

Industry outlook

Second Sight (EYES) is commercialising an epiretinal implant (Argus II) in the US and EU. Prima is less surgically invasive and could potentially be a viable treatment option for macular degeneration patients.

Last updated on 02/11/2017

Key management

Khalid Ishaque, CEO
Didier Laurens , CFO

Company address

74 rue du Faubourg Saint-Antoine
Paris
75012
United Kingdom
+33 1 76 21 47 30
View website