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Puma Biotechnology, Inc., a biopharmaceutical company, focuses on the development and commercialization of products to enhance cancer care in the United States and internationally. The company offers NERLYNX, an oral version of neratinib that is used to treat adult patients with early stage HER2-overexpressed/amplified breast cancer; and advanced or metastatic HER2-positive breast cancer when combined with capecitabine. It also develops alisertib, a small molecule inhibitor of aurora kinase A for the treatment of hormone receptor positive breast cancer, triple negative breast cancer, small cell lung cancer, and head and neck cancer. The company sells its products through specialty pharmacy and distributor networks. It has license agreements with Pfizer Inc. for the development, manufacture, and commercialization of neratinib (oral), neratinib (intravenous), PB357, and related compounds; and Takeda Pharmaceutical Company Limited for the research, development, and commercialization of alisertib, as well as sub-license agreements with Specialised Therapeutics Asia Pte Ltd., Medison Pharma Ltd., Pint Pharma International SA, Knight Therapeutics, Inc., Pierre Fabre Medicament SAS, and Bixink Therapeutics Co., Ltd. The company was founded in 2010 and is headquartered in Los Angeles, California.
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Puma Biotechnology develops and commercializes targeted oncology therapies, principally the oral HER2-directed tyrosine kinase inhibitor neratinib, and focuses on regulatory approvals, label expansions and partnering to grow sales. Long-term growth may be supported by new indications, international commercialization and business development, so investors may find exposure to a commercial-stage oncology asset with upside from trial and regulatory outcomes.
Key risks include clinical and regulatory setbacks, intense competition in HER2-targeted oncology, revenue concentration on a single approved product, potential patent and exclusivity challenges, and the company's need for ongoing financing if sales do not scale.
Note: The summary and risk score provided above is created by AI and should not be construed as a recommendation of Kalkine.
| Breakdown | 2022-12-31 | 2021-12-31 | 2020-12-31 | 2019-12-31 | 2018-12-31 |
|---|---|---|---|---|---|
| Type | yearly | yearly | yearly | yearly | yearly |
| Date | 2022-12-31 | 2021-12-31 | 2020-12-31 | 2019-12-31 | 2018-12-31 |
| Income before tax | 0.50M | -28.80M | -59.80M | -75.60M | -113.60M |
| Net income | 0.91M | -29.10M | -60.00M | -82.72M | -113.60M |
| Selling general administrative | 89.98M | 116.29M | 118.49M | 140.51M | 146.19M |
| Selling and marketing expenses | 0.02M | 0.01M | 0.09M | 1.19M | 0.01M |
| Gross profit | 172.90M | 189.50M | 185.70M | 235.50M | 216.40M |
| Reconciled depreciation | 8.92M | 10.60M | 10.03M | 8.08M | 7.38M |
| Ebit | 23.70M | -8.90M | -30.40M | -39.10M | -109.98M |
| Ebitda | 31.50M | 1.70M | -29.50M | -36.10M | -102.60M |
| Depreciation and amortization | 7.80M | 10.60M | 0.90M | 3.00M | 7.38M |
| Non operating income net other | -11.67M | -17.29M | -15.34M | -21.48M | -7.92M |
| Operating income | 23.70M | -8.90M | -30.40M | -39.10M | -94.70M |
| Other operating expenses | 197.30M | 251.90M | 255.50M | 311.40M | 345.70M |
| Interest expense | 11.50M | 12.80M | 14.10M | 15.00M | 11.00M |
| Tax provision | 0.46M | 0.32M | 0.20M | - | - |
| Interest income | 0.81M | 0.16M | 0.50M | 2.85M | 1.80M |
| Net interest income | -10.78M | -12.65M | -13.60M | -12.17M | -9.19M |
| Non recurring | 7.00M | - | - | - | - |
| Income tax expense | 0.50M | 0.30M | 0.20M | 7.12M | -7.92M |
| Total revenue | 228.00M | 253.20M | 225.10M | 272.30M | 251.00M |
| Total operating expenses | 142.20M | 188.20M | 216.10M | 274.60M | 311.10M |
| Cost of revenue | 55.10M | 63.70M | 39.40M | 36.80M | 34.60M |
| Total other income expense net | -23.20M | -19.90M | -29.40M | -36.50M | -9.70M |
| Net income from continuing ops | 0.00M | -29.13M | -59.99M | -75.59M | -113.58M |
| Net income applicable to common shares | 0.00M | -29.13M | -59.99M | -75.59M | -113.58M |
| Breakdown | 2023-12-31 | 2022-12-31 | 2021-12-31 | 2020-12-31 | 2019-12-31 |
|---|---|---|---|---|---|
| Type | yearly | yearly | yearly | yearly | yearly |
| Date | 2023-12-31 | 2022-12-31 | 2021-12-31 | 2020-12-31 | 2019-12-31 |
| Total assets | 230.53M | 222.06M | 226.59M | 244.22M | 234.91M |
| Intangible assets | 60.87M | 70.61M | 66.12M | 74.14M | 40.46M |
| Other current assets | 4.68M | 1.95M | 2.58M | 2.70M | 2.73M |
| Total liab | 177.09M | 200.45M | 229.03M | 250.17M | 217.44M |
| Total stockholder equity | 53.44M | 21.60M | -2.40M | -6.00M | 17.50M |
| Deferred long term liab | - | - | 0.74M | 0.95M | 0.87M |
| Other current liab | 53.70M | 66.90M | 2.26M | 2.48M | 69.03M |
| Common stock | 0.01M | 0.01M | 0.00M | 0.00M | 0.00M |
| Capital stock | 0.01M | 0.01M | 0.00M | 0.00M | 0.00M |
| Retained earnings | -1345.16M | -1366.76M | -1366.76M | -1337.63M | -1277.64M |
| Other liab | - | 12.83M | 6.38M | 32.34M | 9.00M |
| Other assets | 0.00M | 4.66M | 4.67M | 5.06M | 6.32M |
| Cash | 84.58M | 76.20M | 63.10M | 85.30M | 60.00M |
| Total current liabilities | 99.38M | 77.48M | 109.59M | 114.25M | 90.84M |
| Current deferred revenue | - | 5.90M | 92.58M | 82.32M | - |
| Net debt | 26.91M | 38.08M | 53.54M | 35.65M | 60.23M |
| Short term debt | 38.80M | 4.14M | 3.57M | 17.38M | 2.62M |
| Short long term debt | 34.00M | - | - | 14.29M | - |
| Short long term debt total | 111.49M | 114.28M | 116.64M | 120.95M | 120.23M |
| Other stockholder equity | 1398.61M | 1388.35M | 1364.36M | 1331.63M | 1295.07M |
| Property plant equipment | - | 1.15M | 15.77M | 2.48M | 3.30M |
| Total current assets | 156.19M | 134.28M | 140.02M | 146.14M | 166.30M |
| Net tangible assets | - | 21.61M | -68.57M | -80.09M | -23.00M |
| Short term investments | 11.35M | 4.87M | 18.98M | 8.10M | 51.60M |
| Net receivables | 48.49M | 42.27M | 32.53M | 25.54M | 28.90M |
| Long term debt | 65.66M | 98.31M | 97.09M | 84.03M | 94.96M |
| Inventory | 7.08M | 4.53M | 7.11M | 3.45M | 3.17M |
| Accounts payable | 6.89M | 6.44M | 11.17M | 12.08M | 19.18M |
| Accumulated other comprehensive income | -0.00M | - | -0.00M | - | 0.06M |
| Common stock total equity | - | 0.01M | 0.00M | 0.00M | 0.00M |
| Retained earnings total equity | - | -1366.76M | -1366.76M | -1337.63M | -1277.64M |
| Non currrent assets other | 2.73M | 4.66M | 4.67M | 5.06M | 6.32M |
| Non current assets total | 74.34M | 87.78M | 86.56M | 98.08M | 68.61M |
| Capital lease obligations | 11.83M | 15.97M | 19.55M | 22.64M | 25.27M |
| Long term debt total | - | - | 97.09M | 84.03M | 94.96M |
| Breakdown | 2022-12-31 | 2021-12-31 | 2020-12-31 | 2019-12-31 | 2018-12-31 |
|---|---|---|---|---|---|
| Type | yearly | yearly | yearly | yearly | yearly |
| Date | 2022-12-31 | 2021-12-31 | 2020-12-31 | 2019-12-31 | 2018-12-31 |
| Investments | 14.10M | -10.88M | 43.45M | 5.47M | -57.01M |
| Change to liabilities | -37.80M | -0.90M | 12.14M | 21.07M | 8.78M |
| Total cashflows from investing activities | 7.10M | -10.88M | 23.40M | 5.16M | -57.62M |
| Net borrowings | - | -1.50M | -1.50M | -68.42M | 100.80M |
| Total cash from financing activities | 12.20M | -31.90M | 0.10M | -67.10M | 108.40M |
| Change to operating activities | -33.60M | 9.94M | 18.20M | 33.48M | 13.56M |
| Net income | 0.00M | -29.13M | -59.99M | -75.59M | -113.58M |
| Change in cash | 3.50M | -22.16M | 24.24M | -39.53M | 26.72M |
| Begin period cash flow | 75.29M | 97.45M | 73.21M | 112.74M | 86.02M |
| End period cash flow | 78.79M | 75.29M | 97.45M | 73.21M | 112.74M |
| Total cash from operating activities | -15.80M | 20.70M | 0.80M | 22.40M | -24.10M |
| Issuance of capital stock | 12.50M | - | - | - | 0.00M |
| Depreciation | 8.92M | 10.60M | 10.03M | 8.08M | 7.38M |
| Other cashflows from investing activities | -7.00M | - | -20.05M | -0.31M | 5.20M |
| Change to inventory | 2.58M | -3.65M | -0.28M | -0.55M | -0.60M |
| Change to account receivables | -7.82M | -5.98M | 2.35M | -8.12M | -11.10M |
| Sale purchase of stock | 12.22M | - | 0.07M | 1.35M | 7.65M |
| Other cashflows from financing activities | -0.30M | 68.10M | 8.54M | 12.90M | 108.40M |
| Change to netincome | 18.83M | 39.78M | 37.58M | 66.61M | 87.23M |
| Capital expenditures | 7.00M | 0.00M | 20.05M | 0.31M | 0.61M |
| Change receivables | -7.82M | -5.98M | 2.35M | -8.12M | -11.10M |
| Cash flows other operating | -0.54M | 4.73M | -1.05M | 10.88M | -2.22M |
| Cash and cash equivalents changes | 3.50M | -22.16M | 24.24M | -39.53M | 26.72M |
| Change in working capital | -43.58M | -0.60M | 13.16M | 23.28M | -5.14M |
| Stock based compensation | 11.83M | 32.63M | 36.58M | 57.33M | 86.94M |
| Other non cash items | 7.03M | 7.20M | 1.03M | 9.31M | 0.29M |
| Free cash flow | -22.80M | 20.70M | -19.25M | 22.09M | -24.71M |
Sector: Healthcare Industry: Biotechnology
|
Stock Name
|
Change
(USD) |
Price
(USD) |
Trailing
PE (x) |
Forward
PE (x) |
Price Sales
TTM (x) |
Price to Book Value (x)
|
Enterprise Value
to Revenue (x) |
Enterprise Value
to EBITDA (x) |
|---|---|---|---|---|---|---|---|---|
| PBYI Puma Biotechnology Inc |
0.11 1.36% |
8.19 | 12.56 | 10.13 | 1.08 | 4.75 | 1.14 | 5.67 |
| NVO Novo Nordisk A/S |
-0.54 1.32% |
40.55 | 41.58 | 31.15 | 2.13 | 32.99 | 2.11 | 4.70 |
| VRTX Vertex Pharmaceuticals Inc |
-2.37 0.43% |
544.66 | 30.22 | 24.27 | 10.36 | 6.50 | 9.99 | 24.66 |
| REGN Regeneron Pharmaceuticals Inc |
-2.77 0.29% |
956.64 | 29.07 | 20.12 | 7.57 | 3.82 | 6.95 | 19.42 |
| ARGNF argenx SE |
- -% |
900.30 | 45.77 | 31.25 | 13.84 | 7.12 | 11.38 | 36.06 |
Puma Biotechnology, Inc., a biopharmaceutical company, focuses on the development and commercialization of products to enhance cancer care in the United States and internationally. The company offers NERLYNX, an oral version of neratinib that is used to treat adult patients with early stage HER2-overexpressed/amplified breast cancer; and advanced or metastatic HER2-positive breast cancer when combined with capecitabine. It also develops alisertib, a small molecule inhibitor of aurora kinase A for the treatment of hormone receptor positive breast cancer, triple negative breast cancer, small cell lung cancer, and head and neck cancer. The company sells its products through specialty pharmacy and distributor networks. It has license agreements with Pfizer Inc. for the development, manufacture, and commercialization of neratinib (oral), neratinib (intravenous), PB357, and related compounds; and Takeda Pharmaceutical Company Limited for the research, development, and commercialization of alisertib, as well as sub-license agreements with Specialised Therapeutics Asia Pte Ltd., Medison Pharma Ltd., Pint Pharma International SA, Knight Therapeutics, Inc., Pierre Fabre Medicament SAS, and Bixink Therapeutics Co., Ltd. The company was founded in 2010 and is headquartered in Los Angeles, California.
10880 Wilshire Boulevard, Los Angeles, CA, United States, 90024
424-248-6500
185
| Name | Title | Year Born |
|---|---|---|
| Mr. Alan H. Auerbach | Founder, Chairman, Pres, CEO & Sec. | 1970 |
| Mr. Maximo F. Nougues | CFO & Principal Accounting Officer | 1969 |
| Dr. Alvin F. Wong Pharm.d. | Chief Scientific Officer | NA |
| Mr. Douglas Hunt B.Sc., FRAPS | Sr. VP of Regulatory Affairs, Medical Writing & Project Management | 1965 |
| Mr. Jeffrey Jerome Ludwig | Chief Commercial Officer | 1966 |
| Mr. Mariann Ohanesian | Sr. Director of Investor Relations | NA |
| Mr. Alan H. Auerbach | Founder, Chairman, President, CEO & Secretary | 1970 |
| Dr. Alvin F. Wong Pharm.d. | Chief Scientific Officer | 1953 |
| Mr. Douglas Hunt B.Sc., FRAPS | Senior Vice President of Regulatory Affairs, Pharmacovigilance, Medical Affairs & Law | 1965 |
| Mr. Mariann Ohanesian | Senior Director of Investor Relations | NA |
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