Pharma Mar SA
OTC:PHMMF

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Pharma Mar SA
OTC:PHMMF
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Price: 86.26 USD
Market Cap: 1.5B USD

Pharma Mar SA
Investor Relations

Nestled in the vibrant biotech landscape of Spain, Pharma Mar SA emerges as a pioneer, weaving the wonders of the sea into groundbreaking medical therapies. Born from the vision of harnessing marine biodiversity, the company delves into the vast oceanic expanse, unearthing bioactive compounds with potential therapeutic uses. This oceanic pursuit forms the backbone of its innovative approach, focusing on oncological drugs derived from the depths of the sea. Their portfolio showcases significant breakthroughs, with products like Yondelis, originally discovered in a sea squirt, reflecting their unique niche in the drug development pipeline. By advancing these marine-based molecules through intensive clinical research, Pharma Mar translates the ocean's secrets into lifesaving treatments, underscoring its hallmark presence in oncology.

The company ingeniously monetizes this frontier exploration by orchestrating a business model encompassing rigorous R&D, strategic partnerships, and licensing agreements. Pharma Mar invests heavily in its research, channeling substantial resources into both preclinical and clinical trials to elevate these marine compounds into market-ready drugs. Partnering with global pharmaceutical heavyweights enables them to extend their market reach while sharing development costs and multiplying revenue streams through royalties and milestone payments. Furthermore, licensing their findings expands their financial foothold, allowing them to reap returns on their intellectual exploits without the burden of full-scale commercialization. Pharma Mar’s adept navigation of the pharmaceutical seas has thus firmly anchored its place within the global biotech arena.

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Last Earnings Call
Fiscal Period
Q3 2023
Call Date
Oct 27, 2023
AI Summary
Q3 2023

R&D Investment: PharmaMar significantly increased R&D spending, especially in oncology, with a 19% rise to EUR 70.3 million driven by ongoing Phase III trials.

ZEPZELCA Royalties: Royalties from ZEPZELCA sales in the US showed a notable increase this quarter and rose 8% year-over-year for the first nine months.

YONDELIS Decline: YONDELIS sales dropped 61% year-on-year, mainly due to generic competition and lower prices in Europe.

Clinical Progress: Key clinical trials progressed as planned, with LAGOON Phase III recruitment on track and new trials for lurbinectedin in leiomyosarcoma about to launch.

Balance Sheet: Company maintains a strong cash position of EUR 145.9 million after debt, supporting ongoing investment and share buyback.

Upcoming Readouts: Multiple important trial results, including Phase II and III data, are expected throughout next year, making 2024 a pivotal period.

Key Financials
R&D Expenditure
EUR 70.3 million
Net Result
EUR 8 million
Positive Income Tax (R&D deduction)
EUR 5.1 million
Net Cash Position (Sept 2023)
EUR 145.9 million
Total Financial Debt
EUR 39.8 million
CapEx Investment
Over EUR 10 million
Share Buyback Allocation
About EUR 7 million
Earnings Call Recording
Other Earnings Calls

Management

Mr. Jose Maria Fernandez Sousa-Faro Ph.D.
Founder, Executive Chairman, CEO & President
No Bio Available
Mr. Pedro Francisco Fernandez Puentes
Executive Vice-Chairman
No Bio Available
Mr. Juan Carlos-Torres Carretero
Founder
No Bio Available
Ms. María Luisa de Francia Caballero
Chief Financial Officer
No Bio Available
Mr. José Luis Moreno Martinez-Losa
Head of Capital Markets & Investor Relations
No Bio Available
Mr. Juan Gomez Pulido
General Counsel & Secretary of the Board of Directors
No Bio Available
Ms. Sandra Llamera Sanchez
Global Compliance Head
No Bio Available
Ms. Lara Vadillo
Communication Director
No Bio Available
Ms. Belén Sopesén Veramendi Ph.D.
Director of Corporate Development
No Bio Available
Mr. Luis Rupérez Cuenca
Director of Human Resources & IT
No Bio Available

Contacts

Address
MADRID
Colmenar Viejo
Avda. De los Reyes, 1, Pol. Ind. La Mina
Contacts
+34918466000.0
www.pharmamar.com