"Solid short term milestones"
PAC Partners Equity Research Report
- ANR is much more than "another biotech" promising its $24m market capital in revenue by FY'23F.
- ANR's platform gut health product, Bromelain, is permitted for commercial sale in Australia, and partnered globally with Zoetis for pigs, poultry, livestock and horses.
- Zoetis has already paid US$2.5m milestone payments and set to pay another US$6.3m over the next five years with 3.5% royalties (PAC est.) on sales from FY'20F.
- We see more than half of ANR's revenue coming from human applications of Bromelain from FY'22F, and initiation discussions with preferred partner in 2HCY'19.
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About Anatara Lifesciences Ltd
Anatara Lifesciences (ASX:ANR) is developing and commercialising innovative, evidence-based products for gastrointestinal health where there is significant unmet need. Anatara is a life sciences company with expertise in developing products for animal and human health. Following the successful licencing of our first product to leading global animal health company, Zoetis Inc, we are now focused on building a pipeline of human gastrointestinal health products. Underlying this product development program is our commitment to delivering real outcomes for patients and strong value for our shareholders. For more information, please visit www.anataralifesciences.com.
Anatara Lifesciences Ltd