3 Healthcare Stocks Moving Up Lately - GMV, TLX And OPT

November 27, 2018 09:04 AM AEDT | By Team Kalkine Media
 3 Healthcare Stocks Moving Up Lately - GMV, TLX And OPT

G Medical Innovations Holdings Limited (ASX:GMV)

G Medical Innovations Holdings Limited (ASX:GMV) has recently announced that its wholly-owned Delaware incorporated subsidiary, G Medical Innovations USA Inc, is going to acquire all the outstanding membership interest of US-based cardiac diagnostic monitoring services provider Telerhythmics LLC for a total consideration of US$1.95 million. With this acquisition, the company will gain access to the number of large health systems that include Baptist, Ochsner, and HCA. Moreover, this synergistic acquisition will be strengthening the company’s footprint in the US market and support to increase the market share in the area of digital health delivery across the US. On 31 October 2018, the company’s CEO Mr. Yacov Geva provided an additional unsecured loan of up to US$7.0 million. Besides this, the company has achieved regulatory approval from CE, FDA, and CFDA for its Production Facility in Guangzhou China. In 1HFY18, the company earned US$1.001 Mn worth of revenue from ordinary activities. However, the company incurred a loss of US$8.509 Mn in 1H FY18 from the prior corresponding period which was at US$21.74 Mn, exhibiting downfall of 61% on PCP basis. As at 30 September 2018, the company had cash and cash equivalent of US$2.397 Mn, showing decent liquidity position. Meanwhile, the share price has fallen 19.12 percent in the last three months as on 26 November 2018. GMV’s shares traded at A$0.290 with a market capitalization of circa A$98.3 million.

Telix Pharmaceuticals Limited (ASX:TLX)

Biopharmaceutical company Telix Pharmaceuticals Limited (ASX:TLX) made an announcement on 27 November 2018, stating that the group will release 2,083,925 fully ordinary shares from voluntary escrow on December 11, 2018 as per the appropriate Listing Rule. Following the release of this news, the share price of the company increased by 3.704 percent as on 27 November 2018. Besides this, the company has recently acquired Belgium-based Advanced Nuclear Medicine Ingredients (ANMI) SA for the purpose of strengthening its business operations on a global basis instead of territorially-segmented manner. The deal is expected to complete in December 2018 which is subjected to the satisfaction of standard conditions. As at 30 September 2018, the company was having cash reserves of $37.293 million. The Cash outflows relating to operating expenses were $6.168 million in the September quarter, with total spend on direct R&D activities at $4.465 million. During the September quarter, the company received $1.190 million in R&D tax rebate for eligible overseas R&D activities undertaken in 2017. In the September quarter, the company commenced a research collaboration with the University of Melbourne to investigate the use of MTR products for improved treatments for colorectal cancer patients. In the last six months, the share price of the company increased by 7.14 percent as on 26 November 2018. TLX’s shares traded at $0.700 with a market capitalization of circa $143.29 million.

Opthea Limited (ASX:OPT)

Biopharmaceutical company Opthea Limited (ASX:OPT) is involved in the development of novel biologic therapies for the treatment of eye-related problems. On 26 November 2018, the company disclosed about its last patient which has been enrolled in the company’s ongoing Phase 2b trial of OPT302 for wet age-related macular degeneration and the group confirmed its final number of patients is 366. According to the management, this patient enrolment clinical milestone was completed ahead of schedule, and now the group is focusing on the completion of six-month treatment phase study. After that, the company will release top-line data in Q4 FY19. In FY 2018, the revenue of the company increased by 99.5 percent to $1.14 million as compared to the previous corresponding Period. The company’s total loss in FY 2018 increased by 172.9 percent to $16.90 million. Net tangible asset backing per ordinary security reduced from $0.27 in FY 2017 to $0.19 in FY 2018. No dividend paid or declared by the group during the year. In the last six months, the share price of the company increased by 33.33 percent as on 26 November 2018. OPT’s shares traded at $0.580 with a market capitalization of circa $129.56 million.


Disclaimer

This website is a service of Kalkine Media Pty. Ltd. A.C.N. 629 651 672. The website has been prepared for informational purposes only and is not intended to be used as a complete source of information on any particular company. Kalkine Media does not in any way endorse or recommend individuals, products or services that may be discussed on this site. Our publications are NOT a solicitation or recommendation to buy, sell or hold. We are neither licensed nor qualified to provide investment advice.


Disclaimer

The content, including but not limited to any articles, news, quotes, information, data, text, reports, ratings, opinions, images, photos, graphics, graphs, charts, animations and video (Content) is a service of Kalkine Media Pty Ltd (Kalkine Media, we or us), ACN 629 651 672 and is available for personal and non-commercial use only. The principal purpose of the Content is to educate and inform. The Content does not contain or imply any recommendation or opinion intended to influence your financial decisions and must not be relied upon by you as such. Some of the Content on this website may be sponsored/non-sponsored, as applicable, but is NOT a solicitation or recommendation to buy, sell or hold the stocks of the company(s) or engage in any investment activity under discussion. Kalkine Media is neither licensed nor qualified to provide investment advice through this platform. Users should make their own enquiries about any investments and Kalkine Media strongly suggests the users to seek advice from a financial adviser, stockbroker or other professional (including taxation and legal advice), as necessary. Kalkine Media hereby disclaims any and all the liabilities to any user for any direct, indirect, implied, punitive, special, incidental or other consequential damages arising from any use of the Content on this website, which is provided without warranties. The views expressed in the Content by the guests, if any, are their own and do not necessarily represent the views or opinions of Kalkine Media. Some of the images/music that may be used on this website are copyright to their respective owner(s). Kalkine Media does not claim ownership of any of the pictures displayed/music used on this website unless stated otherwise. The images/music that may be used on this website are taken from various sources on the internet, including paid subscriptions or are believed to be in public domain. We have used reasonable efforts to accredit the source wherever it was indicated as or found to be necessary.


AU_advertise

Advertise your brand on Kalkine Media

Sponsored Articles


Investing Ideas

Previous Next
We use cookies to ensure that we give you the best experience on our website. If you continue to use this site we will assume that you are happy with it.