Herantis Pharma

OMX: HRTS

€35.2m market cap

€5.8 last close

Herantis Pharma is a Finnish innovative biopharmaceutical company focusing on regenerative medicines for unmet needs. Key assets include CDNF for Parkinson’s disease and Lymfactin for breast cancer associated lymphedema.

Investment summary

Herantis Pharma’s two lead assets are cerebral dopamine neurotrophic factor (CDNF), a potential disease-modifying treatment for Parkinson’s disease (PD), and Lymfactin, the only gene therapy in development for breast cancer-related associated secondary lymphedema (BCAL). The underlying science for both is novel. Top-line data from an ongoing proof-of-concept Phase I/II trial for CDNF in PD can be expected before end-2019, and the Lymfactin Phase II trial for BCAL (AdeLE) can be expected by end-2020; positive readouts for either would serve as strong validation of the research efforts and could crystallize value through partnering opportunities for these unique assets. €5.8m in funding has been secured to prepare for subsequent clinical development.

Y/E Dec
Revenue (€m)
EBITDA (€m)
PBT (€m)
EPS (c)
P/E (x)
P/CF (x)
2017A 0.0 N/A (2.2) (0.5) N/A N/A
2018A 0.0 N/A (4.2) (0.8) N/A N/A
2019E 0.0 N/A (4.5) (0.9) N/A N/A
2020E 0.0 N/A (4.2) (0.9) N/A N/A
Last updated on 15/08/2019
Industry outlook

Herantis Pharma is focused on the development of innovative regenerative medicines targeting unmet needs. Key assets include CDNF for Parkinson’s disease and Lymfactin for breast cancer-associated lymphedema.

Last updated on 15/08/2019
Sector
Healthcare
Share price graph
Balance sheet
Forecast net debt (€m) 7.4
Forecast gearing ratio (%) 8364
Price performance
%
1m
3m
12m
Actual 0.0 5.5 (22.1)
Relative* 5.5 7.6 (12.5)
52-week high/low €7.2/€4.8
*% relative to local index
Key management
Pekka Simula CEO
PeHenrikka Huttunen CSO