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Added to YB: 2024-02-16

Pitch date: 2024-02-14

CPH.TO [bullish]

Cipher Pharmaceuticals Inc.

+97.04%

current return

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 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 253.4M

Pitch Price

CAD 7.10

Price Target

20.00 (+43%)

Dividend

N/A

EV/EBITDA

13.11

P/E

14.93

EV/Sales

5.16

Sector

Pharmaceuticals

Category

value

Show full summary:
Unlocking the Value of Cipher Pharmaceuticals

CPH.TO: Compelling asymmetric opportunity w/ $20 PT. Low EV of C$100M @ 20%+ FCF yield enables M&A & buybacks. Epuris leads Canadian acne market w/ 45% share. CEO's 40%+ stake aligns interests. MOB-015 nail fungus drug to drive EBIT from $9M to $32M by FY27, implies $18/share. Approval expected by 2025. Pipeline + cheap multiple = margin of safety & upside.

Read full article (3 min)