Professional
Added to YB: 2026-01-09
Pitch date: 2026-01-07
CPH.TO [neutral]
Cipher Pharmaceuticals Inc.
+2.57%
current return
Author Info
Halvio Capital is an investment firm that seeks to compound capital at high rates of return while taking limited risk of capital impairment through separately managed accounts. The firm’s goal is to outperform the broader indices over a long time frame. Sign up for the newsletter.
Company Info
Cipher Pharmaceuticals Inc. operates as a specialty pharmaceutical company in Canada. It offers Epuris (isotretinoin), an oral retinoid indicated for the treatment of severe nodular and/or inflammatory acne, acne conglobate and recalcitrant acne; Actikerall, a topical solution indicated for the treatment of slightly palpable and/or moderately thick hyperkeratotic actinic keratosis (Grade I/II) of the face, forehead, and balding scalp; Natroba for the topical treatment of head lice and scabies infestations in adult and pediatric patients; Vaniqa, a topical cream for the slowing of the growth of unwanted facial hair in women; Durela, an opioid analgesic for the management of moderate to moderately severe pain in adults; Brinavess for the rapid conversion of onset atrial fibriallation to sinus rhythm in adults; and Aggrastat, a reversible GP IIb/IIIa inhibitor for use in patients with Acute Coronary Syndrome.
Market Cap
CAD 271.2M
Pitch Price
CAD 14.76
Price Target
N/A
Dividend
N/A
EV/EBITDA
14.01
P/E
15.97
EV/Sales
5.52
Sector
Pharmaceuticals
Category
special_situation
Halvio Capital Portfolio Holding: Cipher Pharmaceuticals Inc.
CPH.TO (holding update): Generates US$21M FCF in 9M, debt-free by Dec 31 with access to $90M financing. Natroba struggles vs competitor but 2026 initiatives planned (DTC ads, Medicaid status). Won $4M+ litigation vs Sun Pharma + 15% royalty on Canadian acne sales (under appeal).
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