Clinuvel Pharmaceuticals Ltd advised on Appeal Against NICE Recommendation in England

  • Oct 10, 2018 AEDT
  • Team Kalkine
Clinuvel Pharmaceuticals Ltd advised on Appeal Against NICE Recommendation in England

Clinuvel Pharmaceuticals Ltd (ASX: CUV) and other three consultee organisations representing the erythropoietic protoporphyria  patients (EPP patients) and expert physician requested the appeal hearing appointed by NICE (National Institute of Health and Care Excellence) at London for not using  SCENESSE on English NHS for adult patients diagnosed with EPP which is a rare metabolic disorder. The final evaluation document was the outcome of more than 2 years of discussions with CUV and the HST committee (highly specialised technology committee). The appeal made to NICE has allowed the consultees to go for HST evaluation and lodging appeal to final evaluation document (FED) which will then be evaluated by panel of chair and 4 other members. Appeal was made under 2 categories. First was Failure in assessment, if NICE doesn’t act fairly or exceeds its power; and secondly HST committee’s decision against SCENESSE for no reimbursement if found unreasonable. 

The appeal panel has made a formal judgement in regards to the evaluation that is to be remitted to the HST committee in order the take reasonable steps for the following issues:

  • Unable to represent a member of IPPN in next HST committee meeting.
  • The panel viewed that under Equality act 2010, SCENESSE failed to demonstrate adequate considerations on legal duties. Further concerns were expressed on methodology of evaluation of drug.
  • Moreover the panel stated that the view of the committee on SCENESSE showed that small benefits were unreasonable.

The findings of the appeal was that in the evaluation of SCENESSE HST committee failed to perform few of its function in proper manner and as per Mr Hay, the committee will be reaching out to all sources and access all avenues in order to ensure proper outcome for  EPP patients in England.

CUV shows a very good performance since its inception showing a positive performance report of 803.07%. in one-year it shows a performance of 186.76%. By 5 years the performance was 1142.04% and by 10 years it was 733.96%. The quarterly cash and cash equivalent of the company was A$ 36.198 million. The company currently holds a total assets worth A$ 42,904,617 with corresponding total liabilities of A$ 3,488,629 showing strong ability to pay long term obligations. Also total shareholder equity value is worth A$ 39,415,988.

Today, the share traded at A$ 19.73 with market cap of A$ 933.23 million and PE ratio of 70.40x. Also the moving average convergence and divergence line cutting the signal line from the top indicated that prices might go down.

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.

There is no investor left unperturbed with the ongoing trade conflicts between US-China and the devastating bushfire in Australia.

Are you wondering if the year 2020 might not have taken the right start? Dividend stocks could be the answer to that question.

As interest rates in Australia are already at record low levels, find out which dividend stocks are viewed as the most attractive investment opportunity in the current scenario in our report.

CLICK HERE FOR YOUR FREE REPORT!
   
x
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. OK