Read Edison's note on VERNALIS, out this morning, by visiting https://www.research-tree.com/company/GB00B3Y5L754 "Vernalis intends to raise £40m (gross) through the issue of 80m new shares at 50p per share. This equity raise will remove any uncertainty over whether Vernalis’s cash position is sufficient to take it through to sustainable profitability in FY18 (on our current forecasts). New funds will be used to boost existing working capital required for a conservative Tuzistra… Read More
Read Edison’s note on Vernalis (VER), out this morning, by visiting www.research-tree.com … “Vernalis reported a modest £0.6m in Tuzistra XR sales over the first four months post-launch due to the mild cough cold season. The US launch of this prescription-only (Rx), extended release (ER) cough cold medicine is the first step in Vernalis’s transition into a commercial-stage speciality pharma company, targeting a $3.5bn market opportunity. The emphasis for year one… Read More
92% of Vernalis is owned by institutional investors with Woodford and Invesco owning over 50% between them. Vernalis has significant products to help with migraine and even the common cold.These are at advanced stages of development in America. The future revenue stream will be in US dollars.Broker targets are over 91p. Be happy
comparing minnow Sar rising 22%, the share price of VER is still falling, anyone reckon this will touch the 20s range back in 2104? What's the real reason of the falling share price, is it the huge sales cost and the very moderate revenue income reported in the half yearly results?
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