Phosphagenics (POH.AX)Initiating Coverage Report

Phosphagenics (ASX: POH) is an Australia based biotechnology company that is commercializing various products within the pharmaceutical, cosmetics and animal health sectors, using its proprietary drug delivery system called TPM® (Targeted Penetration Matrix). The lead products advancing through clinical trials are oxymorphone and oxycodone patches for the relief of various types of chronic pain. Based on our NPV valuation, we believe that Phosphagenics is substantially undervalued at the current share price and is trading heavily below cash. 

MDxHealth (MDXH.BR): Initiating Coverage Report

MDxHealth  is a market leader in the fast growing field of molecular testing focused on identification of DNA or RNA imprints, which can turn a healthy cell into a cancer cell. The main commercial focus of the Company is on urologic cancers, including prostate and bladder cancer, and it currently commercializes its proprietary ConfirmMDx® for Prostate Cancer test on the U.S. market and SelectMDx™ for Prostate Cancer on the European market. Using our valuation model the company’s current total value should be EUR 395 million, or EUR 8.72 per share

Biofrontera (B8F.DE, B8F.L): Research Note

Biofrontera AG (B8F.DE, B8F.L) is a biopharmaceutical company specializing in the development of dermatological drugs. Its lead product is Ameluz®, a prescription drug approved for use in Europe for the treatment of mild to moderate actinic keratosis (AK) on the face and scalp in conjunction with photodynamic therapy (PDT). Recently, the company achieved a major milestone with the acceptance to file of the approval application for Ameluz® by the FDA in the US. Using our valuation model, the Company’s current total value is EUR 120-165 million, or EUR 5.00-7.00 per share.

Simavita (ASX:SVA): Initiating Coverage Report

Simavita Limited (ASX: SVA; TSX-V: SV) is an Australian based medical device company in digital healthcare that has developed an innovative and unique solution for the management of urinary incontinence, with a focus on the elderly. we expect a fivefold increase in revenues in the next 1-2 years that will propel the company towards profitability, especially if Simavita is able to sign up one of the large aged care groups in the US.  Based on NPV based valuation, we believe that Simavita is clearly undervalued at the current share price of AUD 0.45. Using our valuation model, the Company’s current total value is AUD 150-180 million, or AUD 1.60-2.00 per share. 

Cellmid (ASX:CDY): Research Note

Cellmid Limited (ASX:CDY) is an Australian biotechnology company with a revenue generating consumer health division and a strong pipeline around a novel target,  midkine (MK), with applications in the treatment of cancer and inflammatory diseases. Cellmid has a fast growing consumer health division, which is generating increasing revenues from the Company’s proprietary FGF5 inhibitor hair growth products. . In 2015 the Company’s revenues increased by 63% to AUD 1.82 million and it is expected to generate close to AUD 4 million during the 2016 financial year from sales in Australia and Japan alone.


antonie van leeuwenhoek

(delft, netherlands 1632-1723):

founding father of modern biotechnology

We are proud our firm is named after one of the founding fathers of modern biotechnology: Antonie van Leeuwenhoek. Antonie van Leeuwenhoek was a Dutch scientist that lived in the 17th century: 'The Dutch Golden Age", a period in Dutch history, roughly spanning the 17th century, in which Dutch trade, science, military, and art were among the most acclaimed in the world. He was a Dutch tradesman and scientist and is commonly known as "the Father of Microbiology", and considered to be the first microbiologist.

He is best known for his work on the improvement of the microscope and for his contributions towards the establishment of microbiology. Using his handcrafted microscopes, he was the first to observe and describe single-celled organisms, which he originally referred to as animalculs,and which are now referred to as micro organisms. He was also the first to record microscopic observations of muscle fibers, bacteria, spermatozoa, and blood flow in capillaries (small blood vessels). Leeuwenhoek did not author any books; his discoveries came to light through correspondence with the Royal Society, which published his letters.


Resverlogix (RVX.TO): Initiating Coverage Report 

Resverlogix is a clinical stage cardiovascular company with an epigenetic platform technology that modulates protein production. The company is the first to test the BET inhibition hypothesis as a new approach for reducing major adverse cardiovascular events (MACE) in high risk diabetes and CKD patients.

an unbiased and independent view on companies in the global life sciences sector

Van Leeuwenhoeck Institute (VLI) provides institutional investors and other professional investors with independent, un-biased research on the real value of innovative Life Sciences companies. Many institutional and individual investors will not invest in companies lacking independent third-party research coverage, yet few investment banks cover this sector because it requires dedicated expertise.

In spite of the lack of quality knowledge on an industry-wide basis, there is increased demand for life science-specific market research as investors are seeking information about leading companies in the sector in order to make well-informed investment decisions.


Invion Group (ASX:IVX): Initiating Coverage Report 

Invion Group (ASX:IVX) is an Australian based biotech company focused on the development of treatments for large indications in respiratory disease and autoimmune disease. There are a number of key milestones to focus on in the next several months which include: data from the Phase II oral INV102 in patients undergoing smoking cessation, data from a Phase II trial of INV103 in lupus patients and completion of enrolment of the NIH-funded Phase II trial of INV102 in asthma patients. 

Anteo Diagnostics (ASX:ADO): Initiating Coverage

Anteo Diagnostics (ASX: ADO) is an Australia based medical technology company that provides scientists in the Life Sciences, In Vitro Diagnostic (IVD), Medical Device and Energy markets with powerful tools developed with its patented core nanotechnology. In August, Anteo entered into an agreement to acquire Belgian diagnostic company DIAsource ImmunoAssays SA. The acquisition provides Anteo with a truly global distribution platform, manufacturing capabilities and a significantly broadened product range, which calls fora rerating of the stock.

MDxHealth (MDXH.BR): Research Note January 19th

The authoritative Journal of Urology published data demonstrating the clinical potential of its urine-based epigenetic bladder cancer test AssureMDx™ to aid urologists in the management of patients presenting with haematuria. The study demonstrated the test's high negative predictive value (99.2%) for the detection of bladder cancer in this cohort of haematuria patients.