Argent Biopharma (LSE: RGT)

Last close As at 10/10/2024

GBP0.27

0.00 (0.00%)

Market capitalisation

GBP14m

Argent Biopharma is an Australia-headquartered specialist medical cannabis biopharma company, which has most of its operations based in Europe.

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Sector

Healthcare

Equity Analyst

Jyoti Prakash

Jyoti Prakash

Analyst, Healthcare

Arron Aatkar

Analyst

Soo Romanoff

Soo Romanoff

Managing Director - Head of Content, Healthcare

Key Management

  • Igor Bluvstein

    CFO

  • Roby Zomer

    Managing Director and Co-CEO

  • Yifat Steuer

    COO

Balance Sheet

Forecast net debt (£m)

N/A

Forecast gearing ratio (%)

N/A

Share Price Performance

Price Performance
% 1M 3M 12M
Actual 63.1 51.4 (64.7)
Relative 63.3 49.6 (68.3)
52 week high/low 80.0p/10.5p

Financials

Argent BioPharma is a clinical-stage specialty biopharma company developing therapeutics targeting areas of unmet need. Currently focused on CNS conditions and immunology, Argent has a broad pipeline of assets, led by CannEpil (drug-resistant epilepsy), CimetrA (acute lung disease) and CogniCann (CNS disorders). The first two are available under special access schemes in markets such as the UK, US and EU, generating early revenue streams as well as real-world evidence, which should aid regulatory outcomes. Argent has a strong internal IP position with two EU-GMP R&D and manufacturing sites (in Malta and Slovenia) supporting in-house drug development. These could potentially be monetised via contract manufacturing services. We expect the most significant upcoming catalysts to be the investigational new drug (IND) filings with the FDA for CannEpil and CimetrA, expected by end 2025 according to management.

Y/E Jun Revenue (£m) EBITDA (£m) PBT (£m) EPS (p) P/E (x) P/CF (x)
2008A 0.1 (1.2) (1.4) (11.5) N/A N/A
2009A 0.1 (0.4) (0.7) (2.4) N/A N/A
2010E N/A N/A N/A N/A N/A N/A
2011E N/A N/A N/A N/A N/A N/A

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