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Check-up: Novita cracked some codes in the US and sextupled its share price
Health & Biotech
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Here’s our fortnightly wrap of the major small cap health stock winners and losers.
One small cap ASX healthcare company has stormed home to top the tables at the end of October.
Novita Healthcare (ASX:NHL) shares have exploded 500 per cent in the past fortnight, hitting 6c after announcing its TALi Detect program — a tool used identify potential attention deficits in children — had been approved for reimbursement under the relevant ‘CPT’ codes.
Current Procedural Terminology (CPT) codes are medical codes are administered by the American Medical Association, as a way to provide a standardised set of guidelines for clinical validation.
The regulatory approval means that Novita will be able to deploy its TALi Detect program before the end of the year and the company says clinician payments for attention deficit screening services amount to around $US36.04 — an amount that will be split between participants delivering the service and Novita.
And the news that the company would be generating revenue made shareholders ravenous; NHL shares hit their highest point since 2011, when the company was known as Avexa and focused on infectious diseases.
Medtech companies gained in the past two weeks, though there was little in the way of national health news to spur them on (though there may be an opportunity for stocks with exposure to mental illnesses, with a recent report outlining it is costing the Australian economy $180 billion a year).
LBT Innovations (ASX:LBT) was the third-biggest gainer in the period, up 65 per cent after announcing the first sale of its APAS Independence instrument in the European Union.
The Automated Plate Assessment System (APAS) is based on LBT’s intelligent imaging and machine learning software and is the only US FDA-cleared artificial intelligence technology for automated imaging, analysis and interpretation of culture plates following incubation.
Allegra Orthopaedics (ASX:AMT) gained 36 per cent, though it had no news.
Overall, not accounting for Novita’s massive run, the healthcare small cap healthcare sector shed 4 per cent.
Skin disease biotech Botanix (ASX:BOT) was the period’s biggest loser. An announcement last week on its drug BTX 1503, designed to treat acne, read positively, but it missed its primary endpoint, the reduction in inflammatory lesions, sending shares crashing 54 per cent.
Here are all the ASX small cap health and biotech stocks and their performance in the past fortnight:
Swipe or scroll to reveal the full table. Click headings to sort
| Code | Name | Price (1pm 31-Oct) | 2 Week Return | 1 Year Return | Market Cap |
|---|---|---|---|---|---|
| NHL | NOVITA HEALTHCARE LTD | 0.06 | 500 | 100 | $ 38,958,312.00 |
| TDL | TBG DIAGNOSTICS LTD | 0.05 | 67 | 6 | $ 10,879,364.00 |
| LBT | LBT INNOVATIONS LTD | 0.215 | 65 | 90 | $ 44,714,560.00 |
| ACR | ACRUX LTD | 0.24 | 39 | 16 | $ 41,683,176.00 |
| AMT | ALLEGRA ORTHOPAEDICS LTD | 0.15 | 36 | -12 | $ 14,933,858.00 |
| OCC | ORTHOCELL LTD | 0.63 | 26 | 141 | $ 91,270,696.00 |
| GMV | G MEDICAL INNOVATION HOLDING | 0.11 | 23 | -73 | $ 40,366,520.00 |
| CGS | COGSTATE LTD | 0.355 | 18 | -49 | $ 56,147,036.00 |
| OSL | ONCOSIL MEDICAL LTD | 0.1 | 18 | -49 | $ 63,070,880.00 |
| MVP | MEDICAL DEVELOPMENTS INTERNA | 5.96 | 17 | 21 | $ 381,178,240.00 |
| CTE | CRYOSITE LTD | 0.05 | 14 | -22 | $ 2,342,978.25 |
| JHL | JAYEX HEALTHCARE LTD | 0.036 | 13 | 64 | $ 6,214,069.00 |
| ICS | ICSGLOBAL LTD | 1.55 | 11 | 65 | $ 16,467,229.00 |
| HCT | HOLISTA COLLTECH LTD | 0.077 | 10 | 1 | $ 18,021,010.00 |
| LSH | LIFESPOT HEALTH LTD | 0.05 | 10 | -26 | $ 4,266,277.50 |
| SOM | SOMNOMED LTD | 2.73 | 9 | 72 | $ 170,199,296.00 |
| CAJ | CAPITOL HEALTH LTD | 0.255 | 9 | -5 | $ 192,099,856.00 |
| VHT | VOLPARA HEALTH TECHNOLOGIES | 1.875 | 9 | 30 | $ 385,970,592.00 |
| 1AD | ADALTA LTD | 0.125 | 8 | -48 | $ 23,002,280.00 |
| CMP | COMPUMEDICS LTD | 0.7 | 8 | 94 | $ 124,014,064.00 |
| PAR | PARADIGM BIOPHARMACEUTICALS | 2.99 | 8 | 258 | $ 573,674,816.00 |
| SCU | STEMCELL UNITED LTD | 0.015 | 7 | -35 | $ 9,624,125.00 |
| CDX | CARDIEX LTD | 0.031 | 7 | -16 | $ 21,560,570.00 |
| BD1 | BARD1 LIFE SCIENCES LTD | 0.05 | 6 | 36 | $ 68,359,248.00 |
| BWX | BWX LTD | 3.97 | 6 | 58 | $ 494,514,560.00 |
| CDY | CELLMID LTD | 0.21 | 5 | -38 | $ 18,481,990.00 |
| PSQ | PACIFIC SMILES GROUP LTD | 1.7 | 5 | 27 | $ 258,388,768.00 |
| IMU | IMUGENE LTD | 0.023 | 5 | 10 | $ 79,526,664.00 |
| RSH | RESPIRI LTD | 0.067 | 5 | -22 | $ 38,562,932.00 |
| UCM | USCOM LTD | 0.12 | 4 | -14 | $ 17,092,354.00 |
| OSX | OSTEOPORE LTD | 0.81 | 4 | 305 | $ 86,552,080.00 |
| AVH | AVITA MEDICAL LTD | 0.625 | 4 | 561 | $ 1,151,824,128.00 |
| IMC | IMMURON LTD | 0.12 | 4 | -54 | $ 22,097,614.00 |
| NOX | NOXOPHARM LTD | 0.385 | 4 | -32 | $ 50,547,996.00 |
| PAL | PALLA PHARMA LTD | 0.88 | 4 | -33 | $ 97,573,928.00 |
| TLX | TELIX PHARMACEUTICALS LTD | 1.625 | 3 | 92 | $ 407,780,800.00 |
| NC6 | NANOLLOSE LTD | 0.075 | 3 | -12 | $ 5,624,999.50 |
| THC | THC GLOBAL GROUP LTD | 0.385 | 3 | -25 | $ 53,262,968.00 |
| NSB | NEUROSCIENTIFIC BIOPHARMACEU | 0.23 | 2 | 55 | $ 18,790,460.00 |
| BLT | BENITEC BIOPHARMA LTD | 0.053 | 2 | -69 | $ 16,590,560.00 |
| RCE | RECCE PHARMACEUTICALS LTD | 0.265 | 2 | 50 | $ 36,129,924.00 |
| PIQ | PROTEOMICS INTERNATIONAL LAB | 0.33 | 1 | 42 | $ 27,471,230.00 |
| PBP | PROBIOTEC LTD | 1.91 | 1 | 61 | $ 149,557,744.00 |
| KKT | KONEKT LTD | 0.5 | 1 | 73 | $ 52,893,416.00 |
| SDI | SDI LTD | 0.875 | 1 | 58 | $ 104,007,336.00 |
| IDT | IDT AUSTRALIA LTD | 0.165 | 0 | 0 | $ 39,097,268.00 |
| ATH | ALTERITY THERAPEUTICS LTD | 0.025 | 0 | -41 | $ 22,588,786.00 |
| RNO | RHINOMED LTD | 0.265 | 0 | 2 | $ 44,839,596.00 |
| ALT | ANALYTICA LTD | 0.004 | 0 | -33 | $ 14,078,449.00 |
| IMM | IMMUTEP LTD | 0.028 | 0 | -31 | $ 108,559,424.00 |
| LCT | LIVING CELL TECHNOLOGIES LTD | 0.021 | 0 | -56 | $ 12,000,261.00 |
| PXS | PHARMAXIS LTD | 0.195 | 0 | -29 | $ 76,961,080.00 |
| PTX | PRESCIENT THERAPEUTICS LTD | 0.058 | 0 | -38 | $ 22,078,596.00 |
| RHY | RHYTHM BIOSCIENCES LTD | 0.165 | 0 | -6 | $ 16,623,750.00 |
| DXB | DIMERIX LTD | 0.11 | 0 | 0 | $ 16,673,941.00 |
| SVA | SIMAVITA LTD-CDI | 0.008 | 0 | -76 | $ 3,342,225.00 |
| NTI | NEUROTECH INTERNATIONAL LTD | 0.015 | 0 | -79 | $ 2,036,158.00 |
| MVF | MONASH IVF GROUP LTD | 1.0075 | -1 | 17 | $ 235,785,888.00 |
| BIT | BIOTRON LTD | 0.075 | -1 | -48 | $ 43,511,460.00 |
| ONT | 1300 SMILES LTD | 6.32 | -1 | 7 | $ 149,410,608.00 |
| ELX | ELLEX MEDICAL LASERS LTD | 0.57 | -2 | -12 | $ 81,852,648.00 |
| HLA | HEALTHIA LTD | 0.92 | -2 | -22 | $ 57,991,884.00 |
| PGC | PARAGON CARE LTD | 0.43 | -2 | -37 | $ 145,290,672.00 |
| OPT | OPTHEA LTD | 3.46 | -2 | 427 | $ 830,962,240.00 |
| NVL | NATIONAL VETERINARY CARE LTD | 2.29 | -3 | 9 | $ 156,783,200.00 |
| GLH | GLOBAL HEALTH LTD | 0.155 | -3 | -13 | $ 5,514,869.50 |
| ATX | AMPLIA THERAPEUTICS LTD | 0.08 | -4 | -71 | $ 4,253,647.00 |
| AC8 | AUSCANN GROUP HOLDINGS LTD | 0.27 | -4 | -62 | $ 84,017,552.00 |
| CP1 | CANNPAL ANIMAL THERAPEUTICS | 0.125 | -4 | -24 | $ 11,640,625.00 |
| RGS | REGENEUS LTD | 0.078 | -4 | -59 | $ 20,129,034.00 |
| VLS | VITA LIFE SCIENCES LTD | 0.6 | -4 | -22 | $ 33,382,354.00 |
| S66 | STAR COMBO PHARMA LTD | 0.465 | -4 | -20 | $ 40,239,520.00 |
| AHX | APIAM ANIMAL HEALTH LTD | 0.45 | -4 | -7 | $ 50,657,908.00 |
| DVL | DORSAVI LTD | 0.04 | -5 | -48 | $ 8,160,671.50 |
| KZA | KAZIA THERAPEUTICS LTD | 0.465 | -5 | 22 | $ 28,907,502.00 |
| CYC | CYCLOPHARM LTD | 1.21 | -5 | 16 | $ 83,367,640.00 |
| MXC | MGC PHARMACEUTICALS LTD | 0.035 | -6 | -35 | $ 45,101,464.00 |
| M7T | MACH7 TECHNOLOGIES LTD | 0.655 | -6 | 172 | $ 96,199,080.00 |
| PYC | PHYLOGICA LTD | 0.062 | -6 | 88 | $ 151,457,120.00 |
| PCK | PAINCHEK LTD | 0.255 | -6 | 490 | $ 278,850,304.00 |
| MDC | MEDLAB CLINICAL LTD | 0.425 | -7 | 17 | $ 90,453,160.00 |
| ADR | ADHERIUM LTD | 0.052 | -7 | -29 | $ 9,049,663.00 |
| RAC | RACE ONCOLOGY LTD | 0.135 | -7 | 24 | $ 14,188,837.00 |
| JHC | JAPARA HEALTHCARE LTD | 1.105 | -7 | 2 | $ 292,635,840.00 |
| AZV | AZURE HEALTHCARE LTD | 0.075 | -7 | -19 | $ 17,453,462.00 |
| NXS | NEXT SCIENCE LTD | 2.58 | -8 | 145 | $ 455,213,760.00 |
| ADO | ANTEO DIAGNOSTICS LTD | 0.013 | -8 | -10 | $ 19,425,996.00 |
| MDR | MEDADVISOR LTD | 0.048 | -8 | 23 | $ 82,491,320.00 |
| UBI | UNIVERSAL BIOSENSORS INC-CDI | 0.175 | -8 | -27 | $ 31,036,102.00 |
| ANR | ANATARA LIFESCIENCES LTD | 0.2 | -9 | -57 | $ 9,882,647.00 |
| OBJ | OBJ LTD | 0.015 | -9 | -21 | $ 27,141,940.00 |
| PAB | PATRYS LTD | 0.019 | -9 | -38 | $ 21,451,806.00 |
| IPD | IMPEDIMED LTD | 0.15 | -9 | -63 | $ 73,552,256.00 |
| ZLD | ZELDA THERAPEUTICS LTD | 0.067 | -9 | 8 | $ 50,842,408.00 |
| ANP | ANTISENSE THERAPEUTICS LTD | 0.095 | -10 | 120 | $ 37,822,808.00 |
| 1ST | 1ST GROUP LTD | 0.057 | -10 | 103 | $ 22,389,326.00 |
| BXN | BIOXYNE LTD | 0.021 | -11 | -53 | $ 10,882,472.00 |
| NEU | NEUREN PHARMACEUTICALS LTD | 2.29 | -11 | 82 | $ 235,227,648.00 |
| GTG | GENETIC TECHNOLOGIES LTD | 0.005 | -11 | -61 | $ 16,252,537.00 |
| OIL | OPTISCAN IMAGING LTD | 0.04 | -11 | -31 | $ 18,807,152.00 |
| APH | AUSTRALIAN PRIMARY HEMP LTD | 0.2 | -11 | -25 | $ 13,558,377.00 |
| CYP | CYNATA THERAPEUTICS LTD | 1.31 | -12 | 23 | $ 133,685,568.00 |
| ALC | ALCIDION GROUP LTD | 0.21 | -13 | 388 | $ 189,145,744.00 |
| ACW | ACTINOGEN MEDICAL LTD | 0.034 | -13 | -31 | $ 36,934,632.00 |
| IHL | IMPRESSION HEALTHCARE LTD | 0.073 | -13 | 213 | $ 45,598,488.00 |
| IVX | INVION LTD | 0.013 | -13 | -52 | $ 71,507,880.00 |
| FTT | FACTOR THERAPEUTICS LTD | 0.003 | -14 | -96 | $ 3,128,507.00 |
| FFC | FARMAFORCE LTD | 0.12 | -14 | 20 | $ 15,452,518.00 |
| GSS | GENETIC SIGNATURES LTD | 1 | -14 | 76 | $ 106,140,624.00 |
| PNV | POLYNOVO LTD | 2.23 | -15 | 273 | $ 1,454,393,728.00 |
| MEB | MEDIBIO LTD | 0.011 | -15 | -71 | $ 10,946,430.00 |
| EHH | EAGLE HEALTH HOLDINGS LTD | 0.11 | -16 | -46 | $ 33,979,744.00 |
| AVE | AVECHO BIOTECHNOLOGY LTD | 0.005 | -17 | -81 | $ 7,887,287.00 |
| MX1 | MICRO-X LTD | 0.255 | -17 | -25 | $ 44,555,496.00 |
| SIL | SMILES INCLUSIVE LTD | 0.044 | -17 | -95 | $ 5,862,809.50 |
| MEM | MEMPHASYS LTD | 0.071 | -17 | 97 | $ 42,269,616.00 |
| RHT | RESONANCE HEALTH LTD | 0.125 | -17 | 287 | $ 51,256,072.00 |
| ESE | ESENSE-LAB LTD-CDI | 0.014 | -18 | -73 | $ 2,661,076.75 |
| VTI | VISIONEERING TECH-CDI | 0.066 | -19 | -64 | $ 26,342,920.00 |
| VBS | VECTUS BIOSYSTEMS LTD | 0.51 | -19 | -3 | $ 13,620,718.00 |
| RAP | RESAPP HEALTH LTD | 0.32 | -20 | 161 | $ 208,876,656.00 |
| ONE | ONEVIEW HEALTHCARE PLC-CDI | 0.23 | -20 | -80 | $ 38,035,028.00 |
| SDX | SIENNA CANCER DIAGNOSTICS LT | 0.038 | -20 | -50 | $ 11,562,207.00 |
| OSP | OSPREY MEDICAL INC-CDI | 0.039 | -21 | -74 | $ 16,840,098.00 |
| MMJ | MMJ GROUP HOLDINGS LTD | 0.195 | -22 | -45 | $ 40,391,816.00 |
| PAA | PHARMAUST LTD | 0.098 | -22 | 138 | $ 29,276,020.00 |
| SKN | SKIN ELEMENTS LTD | 0.011 | -23 | -80 | $ 1,624,638.25 |
| BNO | BIONOMICS LTD | 0.09 | -24 | -38 | $ 47,387,672.00 |
| CAN | CANN GROUP LTD | 1 | -29 | -60 | $ 143,290,496.00 |
| EXL | ELIXINOL GLOBAL LTD | 1.535 | -30 | -18 | $ 210,977,984.00 |
| OVN | OVENTUS MEDICAL LTD | 0.545 | -30 | 82 | $ 70,486,048.00 |
| CPH | CRESO PHARMA LTD | 0.21 | -32 | -52 | $ 30,308,866.00 |
| SUD | SUDA PHARMACEUTICALS LTD | 0.003 | -33 | -65 | $ 7,112,743.50 |
| AGH | ALTHEA GROUP HOLDINGS LTD | 0.39 | -41 | -3 | $ 88,657,800.00 |
| IBX | IMAGION BIOSYSTEMS LTD | 0.022 | -47 | -53 | $ 6,547,387.50 |
| BPH | BPH ENERGY LTD | 0.001 | -50 | -47 | $ 2,990,277.75 |
| BOT | BOTANIX PHARMACEUTICALS LTD | 0.11 | -54 | 38 | $ 106,095,480.00 |
