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Acerus Pharmaceuticals Corporation (T:ASP)

Business Focus: Pharmaceuticals (NEC)

Sector:  Healthcare Industry:  Pharmaceuticals
 
See Regulatory Filings on SEDAR
Company Contact
Address: 7025 Langer Drive, Suite 205
MISSISSAUGA ON L5N 0E8
Tel: N/A
Website: www.aceruspharma.com
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 is a Canada-based specialty pharmaceutical company. The Company is focused on the commercialization and development of prescription products with a primary focus in the field of men's health. Its product, Natesto, is a testosterone nasal gel for testosterone replacement therapy in adult males diagnosed with hypogonadism. It has two product pipelines, such as avanafil, which is a chemical entity PDE5 inhibitor for the treatment of erectile dysfunction and Lidbree, is a short acting lidocaine formulation delivered through a device into the vaginal mucosal tissue. It also has product rights to Tefina, a clinical stage product aimed at addressing an unmet need for women with female sexual dysfunction. Its non-prescription product includes Elegant, which is a vaginal moisturizer. Its primary market is the United States where it commercializes its product with their contract commercial provider Syneos Health (Syneos).
Financial Overview
For the nine months ended 30 September 2021, AcerusPharmaceuticals Corporation revenues increased 70% to$1.4M. Net loss increased 43% to $24.8M. Revenues reflectUnited states segment increase of 57% to $982K. Higher netloss reflects Change in fair value of derivative finandecrease of 74% to $41K (income), Interest income decreaseof 89% to $7K (income). Basic Earnings per Share excludingExtraordinary Items remained flat at -$0.02.
Employees: 10 as of Dec 31, 2020
Reporting Currency: U.S. Dollars
Enterprise value: $52.69M as of Sep 30, 2021
Annual revenue (TTM): $2.07M as of Sep 30, 2021
EBITDA (TTM): -$29.00M as of Sep 30, 2021
Net annual income (TTM): -$39.91M as of Sep 30, 2021
Free cash flow (TTM): -$26.70M as of Sep 30, 2021
Net Debt Last Fiscal Year: $18.45M as of Sep 30, 2021
Shares outstanding: 1,537,588,081 as of Sep 30, 2021
TTM: Trailing Twelve Months
EBITDA: Earnings Before Interest, Taxes, Depreciation, & Amortization