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Acerus Pharmaceuticals Corporation (T:ASP)

Business Focus: Pharmaceuticals

Sector:  Healthcare Industry:  Pharmaceuticals
See Regulatory Filings on SEDAR
Company Contact
Address: 7025 Langer Drive, Suite 205
Tel: N/A
IR: See website
Key People
Ian O. Ihnatowycz
Chairman of the Board
Edward Joseph Gudaitis
President, Chief Executive Officer, Director
Robert M. Motz
Chief Financial Officer
Gavin Damstra
Senior Vice President - International Commercial
Kevin Hickey
Senior Vice President - US Commercial
Philippe Savard
Vice President, General Counsel, Corporate Secretary
Christopher Sorli
Chief Medical Officer
Business Overview
Acerus Pharmaceuticals Corporation, formerly Trimel Pharmaceuticals Corporation, is a Canada-based pharmaceutical company. The Company is engaged in the development, manufacture, marketing and distribution of products with a focus on men's health, including urology, and women's health, including hormone replacement therapy and female sexual dysfunction. The Company markets Estrace in Canada, which is an oral, plant-derived 17-beta estradiol therapy for the relief of symptoms of menopause. The Company offers Natesto, which is the testosterone nasal gel in the United States for replacement therapy in adult males for conditions associated with a deficiency or absence of endogenous testosterone (hypogonadism). The Company offers TEFINA, which is a low-dose nasal testosterone gel treatment in development for female sexual dysfunction. The Company focuses on TriVair Deposition/Dispersion System, which is a unit dose dry powder inhaler and nasal dispersion system.
Financial Overview
For the six months ended 30 June 2021, AcerusPharmaceuticals Corporation revenues increased from $321Kto $796K. Net loss increased 94% to $19.9M. Revenuesreflect United states segment increase from $131K to $395K.Higher net loss reflects Change in fair value of derivativefinan decrease from $104K (income) to $12K (expense),Interest income decrease of 89% to $7K (income).
Employees: 10 as of Dec 31, 2020
Reporting Currency: U.S. Dollars
Enterprise value: $60.36M as of Jun 30, 2021
Annual revenue (TTM): $1.97M as of Jun 30, 2021
EBITDA (TTM): -$29.54M as of Jun 30, 2021
Net annual income (TTM): -$43.08M as of Jun 30, 2021
Free cash flow (TTM): -$29.81M as of Jun 30, 2021
Net Debt Last Fiscal Year: $13.35M as of Jun 30, 2021
Shares outstanding: 1,537,588,081 as of Jun 30, 2021
TTM: Trailing Twelve Months
EBITDA: Earnings Before Interest, Taxes, Depreciation, & Amortization