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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.

Stock data

Market cap.NZ$153.9m
Last closeNZ$0.33
High / Low (52 weeks)NZ$0.5 / NZ$0.2
Stock market listingNZ
Forecast net debt (NZ$m)0.3
Forecast gearing ratio (%)189
TeamHealthcare
SectorPharmaceutical & healthcare

Price performance

%1m3m12m
Actual20.03.1(29.5)
Relative *19.8(1.4)(36.2)

* % Relative to local index

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Company news

Y/E Mar Revenue (NZ$m) EBITDA (NZ$m) PBT (NZ$m) EPS (c) P/E (x) P/CF (x)
2017A 4.4 (22.3) (22.4) (5.9) N/A N/A
2018A 4.8 (19.4) (19.5) (4.4) N/A N/A
2019E 7.8 (17.9) (17.7) (3.7) N/A N/A
2020E 12.7 (14.1) (14.2) (2.8) N/A N/A

Last updated on 12/07/2018

Investment summary

Pacific Edge develops and sells a portfolio of molecular diagnostic tests based on biomarkers for the early detection and management of cancer. Tests using its Cxbladder technology for detecting and monitoring bladder cancer are sold in the US, New Zealand and Australia. The company recently announced that the number of tests processed increased by 29% in FY18 and is guiding for 60% growth in FY19. The company is negotiating agreements with the Centers for Medicare and Medicaid as well as private payers to provide for improved reimbursement, which would be a major driver in the future.

Last updated on 27/07/2018

Industry outlook

Molecular diagnostics is a growing, but increasingly competitive field. Lead time from the initiation of user programmes to payment can be long.

Last updated on 27/07/2018

Key management

Christopher Swann , Chairman
David Darling, CEO

Company address

87 St David Street
PO Box 56
Dunedin
New Zealand
+64 3 479 5800
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