Therapix Biosciences (TRPX)

Business description

Therapix Biosciences is an Israeli pharmaceutical company developing two cannabinoids to treat Tourette syndrome and mild cognitive impairment. It is currently in Phase IIa and soon to begin Phase I, respectively, and owns or licenses several IPs for cannabinoid nasal and sublingual administration.

Stock data

Market cap.US$6.3m
Last closeUS$6.14
High / Low (52 weeks)US$10.1 / US$6.0
Stock market listingTel Aviv Stock Exchange, US
Forecast net cash (US$m)11.9
Forecast gearing ratio (%)N/A
TeamHealthcare
SectorPharmaceutical & healthcare

Price performance

%1m3m12m
Actual(9)(16)(23.4)
Relative *(11.1)(18.9)(33)

* % Relative to local index

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Y/E Dec Revenue (US$m) EBITDA (US$m) PBT (US$m) EPS (c) P/E (x) P/CF (x)
2015A N/A N/A N/A N/A N/A N/A
2016A 0.0 (1.7) (1.7) (180.01) N/A N/A
2017E 0.0 (2.2) (2.2) (61.21) N/A N/A
2018E 0.0 (5.6) (5.6) (144.36) N/A N/A

Last updated on 12/07/2017

Investment summary

Therapix is investigating the potential of new formulations of cannabinoids to address underserved diseases of the brain. It recently listed on NASDAQ in the US 2.3m ADS (worth $13.8m). The lead clinical program, THX-TS01, is currently in Phase II trials testing its potential for treating Tourette’s in adults and THX-ULD01 is scheduled to begin Phase I trials for the treatment of mild cognitive impairment (MCI) in mid-2017. Both programs should qualify for a 505(b)(2) pathway to streamline approval. We arrive at an initial valuation of $38.4m or $10.97 per ADS.

Last updated on 29/06/2017

Key management

Elran Haber, CEO
Josh Blacher, CFO Designate

Company address

5 Azrieli Center 27th Floor
Tel-Aiv, Israel
6702501
Israel
97236167055
View website