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Cipher Pharmaceuticals Inc. operates as a specialty pharmaceutical company in Canada. It offers Epuris (isotretinoin), an oral retinoid for the treatment of severe nodular and/or inflammatory acne, acne conglobate, and recalcitrant acne; Actikerall, a topical solution for the treatment of slightly palpable and/or moderately thick hyperkeratotic actinic keratosis (Grade I/II) of the face, forehead, and balding scalp; Vaniqa, a topical cream for the slowing of the growth of unwanted facial hair in women; Durela, an opioid analgesic for the management of moderate to moderately severe pain in adults; Brinavess for the rapid conversion of onset atrial fibrillation to sinus rhythm in adults; Aggrastat, a reversible GP IIb/IIIa inhibitor for use in patients with acute coronary syndrome; and Natroba for the topical treatment of head lice and scabies infestations in adult and pediatric patients. The company's licensed products comprise Absorica, an oral retinoid for the treatment of severe nodular and/or inflammatory acne, acne conglobate, and recalcitrant acne; Conzip, an opioid agonist for the management of moderate to moderately severe chronic pain in adults; and Lipofen, an adjunctive therapy to diet to reduce elevated LDL-C, total-C, triglycerides, and Apo B, as well as to increase HDL-C. Its pipeline products include piclidenoson CF-101, a novel chemical entity for moderate to severe plaque psoriasis and rheumatoid arthritis; MOB-015, a topical formulation of terbinafine, which is in phase 3 clinical trial for treatment of onychomycosis; and DTR-001, a tattoo removal cream. The company was founded in 2000 and is headquartered in Mississauga, Canada.
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A unique technical analysis driven score developed by Kalkine showing momentum in stock prices based on select technical indicators identified.
Cipher Pharmaceuticals Inc is a Canadian specialty pharmaceutical company that licenses, develops and commercializes prescription medicines in Canada and selected international markets. Long-term growth may be driven by new product launches, in-licensing deals and scaling sales through its commercial channels, which may appeal to investors seeking exposure to recurring branded-drug revenue.
Material risks include regulatory and reimbursement uncertainty, concentration on a few products and partners, competitive pricing pressure and limited scale and financing flexibility typical of small-cap specialty pharma.
Note: The summary and risk score provided above is created by AI and should not be construed as a recommendation of Kalkine.
| Breakdown | 2025-12-31 | 2024-12-31 | 2023-12-31 | 2022-12-31 | 2021-12-31 |
|---|---|---|---|---|---|
| Type | yearly | yearly | yearly | yearly | yearly |
| Date | 2025-12-31 | 2024-12-31 | 2023-12-31 | 2022-12-31 | 2021-12-31 |
| Income before tax | 17.46M | 2.96M | 12.68M | 11.48M | 11.06M |
| Net income | 27.81M | 11.54M | 20.38M | 26.64M | 7.76M |
| Selling general administrative | 16.30M | 10.69M | 4.67M | 5.54M | 5.11M |
| Selling and marketing expenses | - | 1.55M | 0.75M | - | - |
| Gross profit | 33.77M | 24.10M | 17.09M | 16.68M | 18.26M |
| Reconciled depreciation | 7.23M | 4.02M | 1.23M | 0.99M | 0.70M |
| Ebit | - | 7.85M | 10.30M | 11.09M | 11.82M |
| Ebitda | 16.80M | 11.87M | 11.53M | 12.07M | 12.52M |
| Depreciation and amortization | - | 4.02M | 1.23M | 0.99M | 0.70M |
| Operating income | 16.80M | 7.85M | 11.53M | 11.09M | 11.82M |
| Other operating expenses | 34.53M | 25.52M | 9.63M | 9.62M | 10.13M |
| Interest expense | 1.19M | - | - | 0.46M | 0.09M |
| Tax provision | -10.17M | -8.59M | -7.70M | -15.16M | 3.30M |
| Interest income | - | 2.18M | 1.87M | 0.43M | 0.01M |
| Net interest income | -1.17M | 0.33M | 1.87M | 0.46M | -0.08M |
| Extraordinary items | - | - | - | - | 0.00M |
| Income tax expense | -10.34M | -8.59M | -7.70M | -15.16M | 3.30M |
| Total revenue | 51.33M | 33.36M | 21.16M | 20.68M | 21.94M |
| Total operating expenses | 16.97M | 16.25M | 5.56M | 5.63M | 6.45M |
| Cost of revenue | 17.56M | 9.26M | 4.07M | 3.99M | 3.68M |
| Total other income expense net | 0.66M | -4.89M | 1.15M | 0.39M | -0.76M |
| Net income from continuing ops | 27.33M | 11.54M | 20.38M | 26.64M | 7.76M |
| Net income applicable to common shares | - | 11.54M | 20.38M | 26.64M | 7.76M |
| Breakdown | 2025-12-31 | 2024-12-31 | 2023-12-31 | 2022-12-31 | 2021-12-31 |
|---|---|---|---|---|---|
| Type | yearly | yearly | yearly | yearly | yearly |
| Date | 2025-12-31 | 2024-12-31 | 2023-12-31 | 2022-12-31 | 2021-12-31 |
| Total assets | 156.22M | 162.51M | 86.03M | 73.78M | 51.65M |
| Intangible assets | 71.88M | 78.75M | 1.76M | 2.75M | 3.65M |
| Other current assets | 1.16M | 0.99M | 0.38M | 0.37M | 0.47M |
| Total liab | 30.20M | 60.17M | 5.51M | 9.70M | 12.75M |
| Total stockholder equity | 126.01M | 102.34M | 80.52M | 64.08M | 38.90M |
| Other current liab | 18.33M | - | - | 4.90M | 6.23M |
| Common stock | 27.81M | - | 18.01M | 17.72M | 18.12M |
| Capital stock | 27.86M | 27.68M | 18.01M | 17.72M | 18.12M |
| Retained earnings | 99.93M | 77.65M | 66.27M | 50.52M | 25.20M |
| Good will | 17.42M | 17.45M | 15.71M | 15.71M | 15.71M |
| Other assets | - | - | - | 16.67M | 2.47M |
| Cash | 7.48M | 17.84M | 39.83M | 28.84M | 20.55M |
| Total current liabilities | 25.00M | 19.87M | 5.25M | 9.37M | 12.29M |
| Current deferred revenue | - | - | 0.52M | 0.26M | 0.45M |
| Net debt | -1.98M | 22.16M | -39.47M | -28.41M | -20.03M |
| Short term debt | 0.29M | - | 0.09M | 0.10M | 0.06M |
| Short long term debt total | 5.49M | - | 0.35M | 0.43M | 0.52M |
| Other stockholder equity | 7.77M | - | 5.75M | 5.36M | 5.09M |
| Property plant equipment | - | - | - | 0.48M | 0.50M |
| Total current assets | 28.00M | 38.48M | 48.27M | 38.16M | 29.33M |
| Net tangible assets | - | - | - | 45.62M | 19.54M |
| Net receivables | 11.19M | 13.86M | 5.09M | 6.80M | 6.66M |
| Long term debt | 5.00M | 40.00M | - | - | - |
| Inventory | 8.18M | 5.79M | 2.98M | 2.15M | 1.65M |
| Accounts payable | 6.38M | 5.87M | 4.64M | 4.11M | 5.55M |
| Accumulated other comprehensive income | -9.50M | - | -9.51M | -9.51M | -9.51M |
| Non currrent assets other | 0.24M | - | 19.89M | - | - |
| Non current assets total | 128.22M | 124.03M | 37.76M | 35.62M | 22.32M |
| Capital lease obligations | 0.51M | 0.58M | 0.35M | 0.43M | 0.52M |
| Long term debt total | - | - | - | 0.33M | 0.46M |
| Breakdown | 2025-12-31 | 2024-12-31 | 2023-12-31 | 2022-12-31 | 2021-12-31 |
|---|---|---|---|---|---|
| Type | yearly | yearly | yearly | yearly | yearly |
| Date | 2025-12-31 | 2024-12-31 | 2023-12-31 | 2022-12-31 | 2021-12-31 |
| Investments | - | -80.04M | -0.14M | -0.08M | 0.00M |
| Change to liabilities | - | - | - | -1.64M | -1.09M |
| Total cashflows from investing activities | -0.07M | -80.04M | -0.14M | -0.08M | -0.08M |
| Net borrowings | -35.31M | 39.79M | -0.11M | -0.06M | -0.83M |
| Total cash from financing activities | -41.18M | 39.30M | -5.24M | -1.91M | -2.47M |
| Change to operating activities | - | - | - | 0.10M | 0.37M |
| Net income | 27.81M | 11.54M | 20.38M | 26.64M | 7.76M |
| Change in cash | -11.20M | -21.99M | 10.99M | 8.29M | 11.41M |
| Begin period cash flow | 18.68M | 39.83M | 28.84M | 20.55M | 9.14M |
| End period cash flow | 7.48M | 17.84M | 39.83M | 28.84M | 20.55M |
| Total cash from operating activities | 30.25M | 19.55M | 16.00M | 10.57M | 13.81M |
| Issuance of capital stock | - | 0.00M | 0.00M | - | - |
| Depreciation | 7.23M | 4.02M | 1.23M | 0.99M | 0.70M |
| Other cashflows from investing activities | - | -80.00M | -0.12M | - | - |
| Change to inventory | -2.44M | 3.60M | -0.83M | -0.50M | -0.76M |
| Change to account receivables | 2.70M | -8.77M | 1.71M | -0.14M | 2.56M |
| Sale purchase of stock | -5.48M | -0.18M | -5.56M | -1.99M | -1.72M |
| Other cashflows from financing activities | -0.31M | -0.32M | 0.43M | 0.13M | 0.07M |
| Change to netincome | - | - | - | -14.02M | 0.68M |
| Capital expenditures | 0.03M | 0.04M | 0.14M | 0.08M | 0.08M |
| Change in working capital | 5.32M | 8.95M | -3.28M | -3.03M | 4.68M |
| Stock based compensation | 1.74M | 1.07M | 1.19M | 0.40M | 0.14M |
| Other non cash items | -2.88M | 2.60M | -0.79M | -0.11M | 0.65M |
| Free cash flow | 30.22M | 19.50M | 15.98M | 10.49M | 13.81M |
Sector: Healthcare Industry: Drug Manufacturers - Specialty & Generic
|
Stock Name
|
Change
(CAD) |
Price
(CAD) |
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) |
|---|---|---|---|---|---|---|---|---|
| CPH Cipher Pharmaceuticals Inc |
-0.08 0.61% |
12.99 | 12.74 | 14.22 | 9.23 | 2.69 | 6.72 | 14.07 |
| CURA Curaleaf Holdings Inc. |
-0.74 5.20% |
13.49 | - | 138.89 | 2.57 | 3.14 | 2.47 | 13.10 |
| BHC Bausch Health Companies Inc |
0.31 2.72% |
11.72 | 13.98 | 1.35 | 0.28 | 18.74 | 2.12 | 6.84 |
| CRON Cronos Group Inc |
0.16 3.36% |
4.92 | - | 32.15 | 9.80 | 0.95 | 1.47 | 1.90 |
| TLRY Tilray Inc |
0.41 11.02% |
4.13 | - | 1000.00 | 1.28 | 0.53 | 1.08 | -2.30 |
Cipher Pharmaceuticals Inc. operates as a specialty pharmaceutical company in Canada. It offers Epuris (isotretinoin), an oral retinoid for the treatment of severe nodular and/or inflammatory acne, acne conglobate, and recalcitrant acne; Actikerall, a topical solution for the treatment of slightly palpable and/or moderately thick hyperkeratotic actinic keratosis (Grade I/II) of the face, forehead, and balding scalp; Vaniqa, a topical cream for the slowing of the growth of unwanted facial hair in women; Durela, an opioid analgesic for the management of moderate to moderately severe pain in adults; Brinavess for the rapid conversion of onset atrial fibrillation to sinus rhythm in adults; Aggrastat, a reversible GP IIb/IIIa inhibitor for use in patients with acute coronary syndrome; and Natroba for the topical treatment of head lice and scabies infestations in adult and pediatric patients. The company's licensed products comprise Absorica, an oral retinoid for the treatment of severe nodular and/or inflammatory acne, acne conglobate, and recalcitrant acne; Conzip, an opioid agonist for the management of moderate to moderately severe chronic pain in adults; and Lipofen, an adjunctive therapy to diet to reduce elevated LDL-C, total-C, triglycerides, and Apo B, as well as to increase HDL-C. Its pipeline products include piclidenoson CF-101, a novel chemical entity for moderate to severe plaque psoriasis and rheumatoid arthritis; MOB-015, a topical formulation of terbinafine, which is in phase 3 clinical trial for treatment of onychomycosis; and DTR-001, a tattoo removal cream. The company was founded in 2000 and is headquartered in Mississauga, Canada.
| Name | Title | Year Born |
|---|---|---|
| Mr. Craig J. Mull | Interim CEO & Chairman | NA |
| Dr. Diane Gajewczyk | VP of Scientific & Medical Affairs | NA |
| Mr. Bryan Jacobs | Chief Financial Officer | NA |
| Mr. Emilio Presti | Director of Sales, Marketing & Hospital Bus. | NA |
| Chuoru Li | Corp. Controller | NA |
| David Miller | Director of Fin. | NA |
| Mr. Craig J. Mull | Interim CEO & Chairman of the Board | NA |
| Mr. Emilio Presti | Director of Sales & Marketing | NA |
| Dr. Hamed Ghanei | Chief Business Officer | NA |
| Mr. Bryan Jacobs | President | NA |
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