Pacific Edge (PEB)

Business description

Pacific Edge develops and sells a portfolio of molecular diagnostic tests based on biomarkers for the early detection and management of cancer. Tests utilising its Cxbladder technology for detecting and monitoring bladder cancer are sold in the US, New Zealand and Australia.

On the edge of glory

Initiation | Pharmaceutical & healthcare | 29/09/2014

Pacific Edge (PEB) launched Cxbladderdetect, the first of its portfolio of urothelial cancer diagnostic tests, into the key US market in mid-2013. Sales from paying customers are beginning to feed through following the conclusion of initial user programmes and negotiations are fully underway with key public health organisations. We expect meaningful sales from Cxbladderdetect in calendar 2015 and positive cash flow for the company in calendar 2016. We value Pacific Edge at NZ$1.16 per share.

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Stock data

Market cap.NZ$177.2m
Last closeNZ$0.380
High / Low (52 weeks)NZ$0.6 / NZ$0.3
Stock market listingNZ
Forecast net cash (NZ$m)22.8
Forecast gearing ratio (%)N/A
SectorPharmaceutical & healthcare

Price performance

Relative *(8.8)6.6(41.2)

* % Relative to local index

Company news

Pacific Edge

Tue, 13 Mar 2018 21:22:30 GMT

Pacific Edge

Sun, 21 Jan 2018 22:52:30 GMT

Pacific Edge

Mon, 16 May 2016 20:01:58 GMT

Pacific Edge

Tue, 26 May 2015 13:03:54 GMT

Pacific Edge

Wed, 13 Dec 2017 22:35:06 GMT