ReNeuron Group (RENE)

Business description

ReNeuron is a UK biotech company developing allogeneic cell therapies: CTX neural stem cell products for stroke disability (Phase IIb) and human retinal progenitor cells for retinitis pigmentosa (Phase I/II).

Stock data

Market cap.£29m
Last close91.50p
High / Low (52 weeks)242.5p / 91.5p
Stock market listingLN
Forecast net cash (£m)47.4
Forecast gearing ratio (%)N/A
SectorPharmaceutical & healthcare

Price performance

Relative *(10.4)(53.1)(61.2)

* % Relative to local index

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Company news

Investment summary

ReNeuron is focused on two cell therapy-based programmes. This includes the CTX neural stem cell programme which recently announced that positive response rates in key measures were sustained after 12 months of treatment. They also recently announced they will be moving forward with a Phase IIb in the US with data expected around H219. It also includes the hRPC (human retinal progenitor cells) programme for retinitis pigmentosa (currently in Phase II). It will also be commencing a Phase II trial in cone-rod dystrophy. ReNeuron has promising early data for its exosome nanomedicine platform in oncology.

Last updated on 02/03/2018

Y/E Mar Revenue (£m) EBITDA (£m) PBT (£m) EPS (p) P/E (x) P/CF (x)
2016A 0.0 (13.6) (12.8) (43.51) N/A N/A
2017A 0.0 (11.7) (10.2) (23.93) N/A N/A
2018E 0.0 (14.5) (14.2) (42.20) N/A N/A
2019E 0.0 (15.0) (15.4) (45.82) N/A N/A

Last updated on 16/02/2018

Latest video

Executive Interview - ReNeuron

Industry outlook

Limited drug development has targeted chronic stroke to date, which is the area in which ReNeuron is attempting to demonstrate a meaningful reduction in disability. If shown, it would offer a compelling case for further development and/or partnering.

Last updated on 02/03/2018

Key management

John Berriman, Chairman
Olav Hellebø , CEO
Michael Hunt, CFO
John Sinden, Chief Scientific Officer

Company address

Pencoed Business Park
CF35 5HY
United Kingdom
+44 (0)1483 302560
View website