Medical Developments International Entered Penthrox Agreement With China And Daiichi Sankyo

MVP

Medical Developments International Limited (ASX: MVP) is happy to announce its agreement on Penthrox (a non-opioid analgesic used for pain relief for patients suffering from trauma or those requiring analgesics during surgeries) with Daiichi Sankyo located in China, Vietnam, and Thailand. Daiichi Sankyo is a Tokyo stock exchange listed company under the ticker “TSE: 4568”. As per the agreement, Daiichi Sankyo will pay MVP an amount up to $32.5m (USD), which include $15 million (USD) upfront and sales-based milestone payments.

Daiichi Sankyo group focused to reach the needs of those patients whose medical needs are not met by creating and supplying innovative pharmaceutical products catering to both emerging and mature, markets. It has over 100 years of scientific expertise in more than 20 countries with 15,000 employees across the world with a robust channel and promises to reach new medicines to help in curing the people. Also, the company’s vision is to have a competitive edge toward Global pharma innovation in the fields of Oncology. They are also focused to cater and achieve novel therapies in oncology along with immune-oncology, neurodegenerative diseases, pain management, heart and kidney diseases, and other rare diseases.

MVP and Daiichi will both be entering into the master service agreement with the EPS International Holding Co. Limited which is Japan’s leading full clinical and regulatory service provider. EPS International Holding Co. Limited is a fully 100% subsidiary unit of EPS Holdings Inc. These two companies have entered into the agreement to get Penthrox for sale in China market. MVP is going to fund for the approval process for the amount $10m (USD) and will be the owner of the intellectual property from this program. Simultaneously, MVP will become the owner of the “Drug Import License” once this agreement on Penthrox is approved. [optin-monster-shortcode id=”wxhmli4jjedneglg1trq”]

As per Mr. Sharman, under Chinese healthcare system, Acute pain which occurs during trauma and minor surgical procedures are not treated up to the mark. MVP feels a strong market for Penthrox in China as Penthrox with the characteristic features of being non-addictive, non-opioid that is an important tool in pain management in Chinese, Thai, and Vietnam markets.

If we see the performance record of the company, for 1-year company performance in negative with a value of -8.24%. For the past 5 years, the company has performed very well with the performance of 295.16%. For the past 10 years, the company has performed exceptionally well with the performance of 2,121.27%. For FY 2018 net profit of the year was only A$ 0.243 million which is very low as compared to the previous FY 2017 with the net profit of A$ 1.820 million.

The company shows a strong balance sheet total asset being A$ 49.54 million and total liabilities being A$ 28.50 million showing that the company has the potentiality to pay back its long-term liabilities. Also, the current asset stood at A$ 8.74 million corresponding to its current liabilities which is A$ 6.10 million, showing the company has the capacity to pay its short-term liabilities. The Company’s existing cash and cash equivalent is A$ 0.794 million. The company has generated cash from its operations worth A$1.79 million only. The company has made an investments in payment for the plants and equipment and for other intangible assets worth A$10.676 million. The net cash generated from the financing activities is A$9.793 million. As a result of which there was a net decrease in the cash and cash equivalents of A$ 0.913 million.

As per the chart, it is observed that the MACD line is above the signal line and appears to be bullish in nature. MVP’s share traded at A$5.5 with the market capitalization of circa $319.92 million and PE ratio of 1,225.0x as on October 08, 2018.

Dividend Stocks To Buy

The Income available from dividends remains attractive for many investors.

We take a look at the best yields on the market and assess what they say about a company’s prospect.

One Thing is certain, though, Australia interest rates are still low, making income difficult to come by and keeping the focus for many investors on high yielding stocks. Kalkine’s team of analysts bought you handpicked report for “Top 25 Dividend Stocks For 2018.”

ASX-relevant Special Reports are published year-round to provide a detailed analysis into an investing opportunity or a potential risk to your portfolio.

Click here to get your free report.


Disclaimer

The advice given by Kalkine Pty Ltd and provided on this website is general information only and it does not take into account your investment objectives, financial situation or needs. You should therefore consider whether the advice is appropriate to your investment objectives, financial situation and needs before acting upon it. You should seek advice from a financial adviser, stockbroker or other professional (including taxation and legal advice) as necessary before acting on any advice. Not all investments are appropriate for all people. Kalkinemedia.com and associated websites are published by Kalkine Pty Ltd ABN 34 154 808 312 (Australian Financial Services License Number 425376). website), employees and/or associates of Kalkine Pty Ltd do not hold positions in any of the stocks covered on the website. These stocks can change any time and readers of the reports should not consider these stocks as advice or recommendations.

Checkout our Free Dividend Stocks Report

Specially made for income-hungry investors, Invest in growing Franked Dividends an opportunity that should not be missed.


6 Cannabis Stocks under Investor’s Limelight…

Cannabis companies that sell both medicinal weed and recreational pot. Marijuana stocks to look at. Marijuana mergers and acquisitions. Dispensary data analytics. Upcoming marijuana IPO’s Those phrases have become increasingly common as marijuana legalization spreads.

Global spending on legal cannabis is expected to grow 230% to $32 billion in 2020 as compared to $9.5 in 2017, according to Arcview Market Research and BDS Analytics. As of June 29, 2018 the United States Marijuana Index, despite a lot of uncertainty around regulations, has over the past 1 year gained 71.49%, as compared to about 12% gain seen by the S&P 500.

Click here for your FREE Report