Clinuvel Pharmaceuticals (CUV AU) announced strong FY22 performance, with 38% y/y revenue growth to A$67 million. Profit before tax increased 33% y/y to A$34.3 million.
The cash reserves increased 47% y/y to A$121.51 million as of June 30, 2022. Balance sheet is strong with no debt, and high liquidity due to the accumulated cash reserves.
Increasing penetration of Scenesse in existing jurisdictions and new jurisdictions, and extend the use of afamelanotide to adolescent EPP patients should drive near-term growth of the company.
Get started on the Smartkarma Research Network with a complimentary Preview Pass to:
Unlock all research summaries
Follow top, independent analysts
Receive personalised alerts and emails
Access Briefings, Analytics, and Events
Upgrade anytime to our paid plans for full-length research, real-time analyst discussions, and more.
Join a thriving community of 45,000+ investors, including the top global asset managers managing over $13trn in assets.