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Added to YB: 2026-04-06

Pitch date: 2026-04-01

CPH.TO [neutral]

Cipher Pharmaceuticals Inc.

Author Info

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Company Info

Cipher Pharmaceuticals Inc. operates as a specialty pharmaceutical company in Canada. It offers Epuris (isotretinoin), an oral retinoid for the treatment of severe nodular and/or inflammatory acne, acne conglobate, and recalcitrant acne; Actikerall, a topical solution for the treatment of slightly palpable and/or moderately thick hyperkeratotic actinic keratosis (Grade I/II) of the face, forehead, and balding scalp; 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 fibrillation to sinus rhythm in adults; Aggrastat, a reversible GP IIb/IIIa inhibitor for use in patients with acute coronary syndrome; and Natroba for the topical treatment of head lice and scabies infestations in adult and pediatric patients.

Market Cap

CAD 330.8M

Pitch Price

N/A

Price Target

N/A

Dividend

N/A

EV/EBITDA

13.65

P/E

12.45

EV/Sales

6.52

Sector

Pharmaceuticals

Category

growth

Show full summary:
Cipher Pharmaceuticals Inc (TSX:CPH)

CPH.TO (earnings): FY25 rev $50.5M (+51% YoY), EPS $1.07 (+128%), adj EBITDA $28.1M (+79%) driven by transformative Natroba acquisition (July'24, $82.5M, generated $17.4M EBITDA). Repaid $35M of $40M revolver in 18mo. Launched DTC platform natroba.com (March'26) for volume growth. Pursuing M&A w/ $85M debt capacity, zero net debt, $134M tax shields. Canada approval exp. end'26. Licensing rev declined 46% on generics.

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