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.£26.9m
Last close5.10p
High / Low (52 weeks)19.0p / 2.9p
Stock market listingLN
Forecast net debt (m)N/A
Forecast gearing ratio (%)N/A
TeamHealthcare
SectorPharmaceutical & healthcare

Price performance

%1m3m12m
Actual39.7(14.4)(71.1)
Relative *31.6(20.5)(72.6)

* % Relative to local index

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Company news

Vernalis shares fall as the firm puts itself up for sale, CEO and CFO to ...

Thu, 15 Mar 2018 10:01:39 GMT

Vernalis reports 'slower than hoped for' sales of its cough and cold drug ...

Wed, 28 Feb 2018 12:41:18 GMT

Vernalis plc

Fri, 10 Feb 2012 10:28:12 GMT

Vernalis rock solid despite heavy losses

Thu, 29 Mar 2018 10:07:30 GMT

Is It The Right Time To Buy Vernalis plc (AIM:VER)?

Wed, 11 Oct 2017 18:22:30 GMT

Y/E Jun Revenue (£m) EBITDA (£m) PBT (£m) EPS (p) P/E (x) P/CF (x)
2016A 12.0 (23.9) (16.3) (3.4) N/A N/A
2017A 20.8 (23.3) (21.3) (3.6) N/A N/A
2018E N/A N/A N/A N/A N/A N/A
2019E N/A N/A N/A N/A N/A N/A

Last updated on 13/04/2018

Investment summary

Following a disappointing uptake in the current cough cold season (~65% of the season is complete), Vernalis has downgraded guidance on prescription numbers and, in light of slow progress in the US cough and flu business, is seeking alternative strategies for the US business and the group. As such, we place our financial forecasts and valuation under review until we receive clarity on strategic next steps and the potential impact on cash burn, given a cash balance of £44m (unaudited at 31 January 2018).

Last updated on 27/04/2018

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.

Last updated on 27/04/2018

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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