Vernalis (VER)

Business description

Vernalis is a UK speciality pharma company with an FDA-approved, prescription-only cough cold treatment, Tuzistra XR; an FDA approved amoxicillin, Moxatag; and a late-stage US cough cold pipeline of four products.

Stock data

Market cap.£85.6m
Last close16.25p
High / Low (52 weeks)45.0p / 14.9p
Stock market listingLN
Forecast net cash (£m)56.6
Forecast gearing ratio (%)N/A
TeamHealthcare
SectorPharmaceutical & healthcare

Price performance

%1m3m12m
Actual0.0(10.3)(63.1)
Relative *1.2(9.1)(65.3)

* % Relative to local index

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Company news

Vernalis plc

Fri, 10 Feb 2012 10:28:12 GMT

Vernalis PLC: FDA Issues Complete Response Letter on CCP-08 NDA

Mon, 07 Aug 2017 06:00:00 GMT

Servier and Vernalis plc announce achievement of 3 milestones in their ...

Wed, 26 Apr 2017 06:00:00 GMT

Chartists Are Peeling Back The Layers on Vernalis PLC (VER.L)

Tue, 26 Sep 2017 00:56:15 GMT

Is Vernalis plc The Perfect Partner For GlaxoSmithKline plc In Your Portfolio?

Mon, 15 Sep 2014 10:18:45 GMT

Y/E Jun Revenue (£m) EBITDA (£m) PBT (£m) EPS (p) P/E (x) P/CF (x)
2015A 19.9 (8.9) (6.9) (1.0) N/A N/A
2016A 12.0 (23.9) (16.2) (3.4) N/A N/A
2017E 17.5 (29.4) (24.9) (4.4) N/A N/A
2018E 25.8 (32.4) (32.4) (6.0) N/A N/A

Last updated on 10/08/2017

Investment summary

Investment into addressing barriers to higher Tuzistra XR prescribing is starting to translate into higher prescription (Rx) rates; both Rx and sales are showing positive trends and gathering momentum. Ongoing focus on improved salesforce effectiveness means the post-season update should better inform the future potential of Vernalis’s extended release Rx-only cough cold franchise. The FDA has issued a Complete Response Letter for the CCP-07 NDA highlighting undisclosed outstanding questions (unrelated to formulation and pharmacokinetics), and CCP-08 NDA (indicating that the outstanding items which resulted in the CRL for CCP-07 remain and need to be addressed prior to the resubmission and approval of both NDAs).

Last updated on 06/09/2017

Industry outlook

Generic IR liquid products dominate the US Rx cough cold market, reflecting difficulties in formulating ER liquids that satisfy current FDA regulations; Tuzistra XR meets these standards. Favourable pricing and reimbursement of the five cough cold products in development by Vernalis would value the addressable market at up to $3.5bn.

Last updated on 06/09/2017

Key management

Peter Fellner, Chairman
Ian Garland, CEO
David Mackney, CFO

Company address

100 Berkshire Place
Wharfedale Road
Winnersh
Berkshire
RG41 5RD
United Kingdom
0118 938 0000
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