Ginger Rae has her blood pressure checked by registered nurse practitioner Rachel Eisenberg during a checkup. Pic: Joe Raedle / Getty
Check-up: What’s happening with the ASX small cap health stocks?
Health & Biotech
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Here’s our monthly wrap of all the news driving ASX small cap health stocks.
This might not make initial sense, but the biggest winner in small cap health and biotech land at the moment? Factor Therapeutics (ASX:FTT).
Factor is the company which lost 97 per cent of its value last year when its venous leg ulcer trial failed to show any improvement over standard of care.
Dr Rosalind Wilson, who resigned as Factor’s CEO in January but continues to work with the company in an advisory capacity as it seeks to find a new opportunity, recently told Stockhead the trial could not be considered a failure as it had produced unambiguous results that provided “a clear basis for decision-making”. Unfortunately for all involved, that decision was to cease all research and development and scale the company down.
But its shares are up 80 per cent since we last checked in on the 140-odd small cap healthcare stocks.
On the one hand, that’s not hard, given FTT shares have been trading two-tenths of a cent and half a cent since November.
But there have been rumblings behind the movement, too: it raised $417,000 in capital and also fought off a 249d notice that would have seen three of its directors ousted.
Bionomics (ASX:BNO), another company that had a busted clinical trial last year, is also a big winner, with shares up 54 per cent to 20c.
That is because the company has been telling investors that its PTSD drug might work after all.
A spokesman for the company said the original trial included people who didn’t take the drug properly — with food — and later analysis showed that among those who did take the drug correctly, it remained in the patients’ bloodstream and did have a positive effect on PTSD symptoms.
Pot stock Althea (ASX:AGH) is up 46 per cent in the past month as it has expanded into the UK, sponsored a medicinal cannabis education portal and signed a supply and distribution agreement with Cannvalate, a network of clinicians who can prescribe medicinal cannabis.
CEO Josh Fegan recently told Stockhead that it would be growing enough marijuana to start commercial sales in the next 18 months.
Meanwhile, Matt Callahan, CEO of Botanix (ASX:BOT) — a company trialling synthetically-derived cannabidiol (CBD) treatment for acne, psoriasis and dermatitis but not one that considers itself a cannabis company — recently told Stockhead that synthetics are the future of cannabis drugs.
His company’s shares are up 15 per cent in the past month to 11c, as it nears data collection from a couple of Phase 2 trials.
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The common factor for the biggest losers in the past month is they have all reported financial results that have been met with skepticism from investors.
Allegra Orthopaedics (ASX:AMT) is the worst of the lot, losing nearly half of its value, falling to 10.5c. Money-making lens manufacturer Visioneering Technologies (ASX:VTI) has fallen 39 per cent to 9.9c thanks to a full-year bottom line that barely moved on the previous year.
AusCann (ASX:AC8) has also suffered a fall, shares dropping 33 per cent to 44c in the past month.
It has finally appointed a new CEO, five months after the company began its search: Ido Kanyon, currently Israeli firm Teva Pharmaceutical’s global head of specialty products, will start at the end of May.
Here’s a table showing price performance for the ASX’s small cap health stocks since mid-November.
Swipe or scroll to reveal full table. Click headings to sort
| ASX code | Company | Last price | Market cap | 1-mnth return |
|---|---|---|---|---|
| AMT | ALLEGRA ORTHOPAEDICS LTD | 0.105 | $10,453,700.00 | -48 |
| VTI | VISIONEERING TECH-CDI | 0.099 | $25,245,368.00 | -39 |
| DVL | DORSAVI LTD | 0.04 | $8,568,705.00 | -38 |
| ADR | ADHERIUM LTD | 0.023 | $4,182,574.25 | -34 |
| AC8 | AUSCANN GROUP HOLDINGS LTD | 0.44 | $131,363,184.00 | -33 |
| RGS | REGENEUS LTD | 0.105 | $22,977,366.00 | -32 |
| BIT | BIOTRON LTD | 0.075 | $41,085,988.00 | -32 |
| NTI | NEUROTECH INTERNATIONAL LTD | 0.028 | $3,529,340.50 | -29 |
| IBX | IMAGION BIOSYSTEMS LTD | 0.027 | $8,068,570.50 | -29 |
| IVQ | INVITROCUE LTD | 0.075 | $38,500,000 | -29 |
| ATX | AMPLIA THERAPEUTICS LTD | 0.12 | $5,127,913.00 | -25 |
| KKT | KONEKT LTD | 0.215 | $22,701,170.00 | -25 |
| LSH | LIFESPOT HEALTH LTD | 0.068 | $5,429,807.50 | -24 |
| OSP | OSPREY MEDICAL INC-CDI | 0.105 | $49,656,696.00 | -23 |
| BD1 | BARD1 LIFE SCIENCES LTD | 0.017 | $17,899,114.00 | -23 |
| CAN | CANN GROUP LTD | 1.74 | $243,783,904.00 | -22 |
| FFC | FARMAFORCE LTD | 0.095 | $12,141,093.00 | -21 |
| ESE | ESENSE-LAB LTD-CDI | 0.023 | $4,270,569.00 | -21 |
| CPH | CRESO PHARMA LTD | 0.39 | $52,160,288.00 | -20 |
| SUD | SUDA PHARMACEUTICALS LTD | 0.005 | $11,618,816.00 | -20 |
| PGC | PARAGON CARE LTD | 0.47 | $158,449,568.00 | -19 |
| TPE | TPI ENTERPRISES LTD | 0.95 | $77,031,312.00 | -19 |
| RNO | RHINOMED LTD | 0.155 | $21,999,658.00 | -18 |
| LCT | LIVING CELL TECHNOLOGIES LTD | 0.038 | $22,286,198.00 | -18 |
| CGS | COGSTATE LTD | 0.305 | $56,618,192.00 | -17 |
| MEM | MEMPHASYS LTD | 0.027 | $9,466,318.00 | -16 |
| VHT | VOLPARA HEALTH TECHNOLOGIES | 1.065 | $190,111,168.00 | -16 |
| NC6 | NANOLLOSE LTD | 0.084 | $6,224,999.50 | -16 |
| IMU | IMUGENE LTD | 0.017 | $57,757,540.00 | -16 |
| ACR | ACRUX LTD | 0.165 | $27,482,188.00 | -15 |
| GLH | GLOBAL HEALTH LTD | 0.145 | $4,883,396.00 | -15 |
| RAP | RESAPP HEALTH LTD | 0.086 | $63,768,008.00 | -14 |
| ANR | ANATARA LIFESCIENCES LTD | 0.39 | $19,765,294.00 | -13 |
| VLS | VITA LIFE SCIENCES LTD | 0.865 | $47,164,340.00 | -13 |
| BXN | BIOXYNE LTD | 0.022 | $13,443,053.00 | -12 |
| CP1 | CANNPAL ANIMAL THERAPEUTICS | 0.11 | $10,709,375.00 | -12 |
| 1AD | ADALTA LTD | 0.24 | $28,225,086.00 | -11 |
| IVX | INVION LTD | 0.016 | $82,509,096.00 | -11 |
| NEU | NEUREN PHARMACEUTICALS LTD | 1.18 | $124,835,728.00 | -11 |
| MDC | MEDLAB CLINICAL LTD | 0.38 | $78,008,128.00 | -11 |
| PYC | PHYLOGICA LTD | 0.026 | $61,071,416.00 | -11 |
| RVA | REVA MEDICAL INC - CDI | 0.17 | $70,561,504.00 | -11 |
| SVA | SIMAVITA LTD-CDI | 0.017 | $7,102,228.00 | -11 |
| RHT | RESONANCE HEALTH LTD | 0.078 | $31,394,810.00 | -10 |
| ACL | ALCHEMIA LTD | 0.009 | $2,922,512.50 | -10 |
| ALT | ANALYTICA LTD | 0.0045 | $15,016,556.00 | -10 |
| ANP | ANTISENSE THERAPEUTICS LTD | 0.038 | $13,006,652.00 | -10 |
| LBT | LBT INNOVATIONS LTD | 0.071 | $14,868,600.00 | -10 |
| CTE | CRYOSITE LTD | 0.041 | $1,921,242.13 | -9 |
| PAB | PATRYS LTD | 0.021 | $22,524,396.00 | -9 |
| ONE | ONEVIEW HEALTHCARE PLC-CDI | 0.5 | $35,084,308.00 | -8 |
| NHL | NOVITA HEALTHCARE LTD | 0.024 | $11,681,934.00 | -7 |
| HLA | HEALTHIA LTD | 1 | $63,034,656.00 | -7 |
| PAR | PARADIGM BIOPHARMACEUTICALS | 1.12 | $159,941,360.00 | -7 |
| UBI | UNIVERSAL BIOSENSORS INC-CDI | 0.225 | $37,221,140.00 | -7 |
| RCE | RECCE PHARMACEUTICALS LTD | 0.145 | $16,069,488.00 | -6 |
| CAJ | CAPITOL HEALTH LTD | 0.18 | $188,536,544.00 | -6 |
| CYC | CYCLOPHARM LTD | 1.185 | $81,408,168.00 | -6 |
| PAA | PHARMAUST LTD | 0.034 | $6,970,463.00 | -6 |
| RSH | RESPIRI LTD | 0.08 | $43,122,416.00 | -6 |
| OSL | ONCOSIL MEDICAL LTD | 0.175 | $110,374,040.00 | -6 |
| PTX | PRESCIENT THERAPEUTICS LTD | 0.066 | $15,043,697.00 | -6 |
| DXB | DIMERIX LTD | 0.085 | $13,815,551.00 | -5 |
| IHL | IMPRESSION HEALTHCARE LTD | 0.017 | $9,805,686.00 | -5 |
| PSQ | PACIFIC SMILES GROUP LTD | 1.3 | $193,031,616.00 | -5 |
| TLX | TELIX PHARMACEUTICALS LTD | 0.7 | $157,223,408.00 | -5 |
| ELX | ELLEX MEDICAL LASERS LTD | 0.585 | $81,852,624.00 | -4 |
| ZLD | ZELDA THERAPEUTICS LTD | 0.053 | $40,788,464.00 | -4 |
| AZV | AZURE HEALTHCARE LTD | 0.055 | $12,799,205.00 | -4 |
| OVN | OVENTUS MEDICAL LTD | 0.29 | $31,781,764.00 | -3 |
| OPT | OPTHEA LTD | 0.74 | $190,802,352.00 | -3 |
| MXC | MGC PHARMACEUTICALS LTD | 0.039 | $48,513,216.00 | -3 |
| SCU | STEMCELL UNITED LTD | 0.021 | $10,822,249.00 | -2 |
| ALC | ALCIDION GROUP LTD | 0.042 | $37,060,872.00 | -2 |
| MMJ | MMJ GROUP HOLDINGS LTD | 0.25 | $55,235,756.00 | -2 |
| VBS | VECTUS BIOSYSTEMS LTD | 0.36 | $8,533,699.00 | -1 |
| ONT | 1300 SMILES LTD | 6.17 | $146,569,200.00 | -1 |
| RAC | RACE ONCOLOGY LTD | 0.082 | $7,236,751.50 | -1 |
| PBP | PROBIOTEC LTD | 1.51 | $96,701,472.00 | 0 |
| BPH | BPH ENERGY LTD | 0.001 | $2,543,277.75 | 0 |
| CMP | COMPUMEDICS LTD | 0.36 | $60,235,404.00 | 0 |
| GTG | GENETIC TECHNOLOGIES LTD | 0.008 | $21,152,926.00 | 0 |
| ICS | ICSGLOBAL LTD | 0.95 | $10,054,818.00 | 0 |
| IMC | IMMURON LTD | 0.26 | $37,952,164.00 | 0 |
| IMM | IMMUTEP LTD | 0.03 | $101,507,952.00 | 0 |
| KZA | KAZIA THERAPEUTICS LTD | 0.49 | $30,772,504.00 | 0 |
| M7T | MACH7 TECHNOLOGIES LTD | 0.195 | $29,493,632.00 | 0 |
| MEB | MEDIBIO LTD | 0.018 | $3,849,937.25 | 0 |
| MGZ | MEDIGARD LTD | 0.02 | $2,706,006.50 | 0 |
| OBJ | OBJ LTD | 0.021 | $36,189,252.00 | 0 |
| POH | PHOSPHAGENICS LTD | 0.004 | $5,521,101.00 | 0 |
| RHY | RHYTHM BIOSCIENCES LTD | 0.135 | $14,105,000.00 | 0 |
| SDX | SIENNA CANCER DIAGNOSTICS LT | 0.064 | $17,380,312.00 | 0 |
| SIL | SMILES INCLUSIVE LTD | 0.29 | $16,800,540.00 | 0 |
| TDL | TBG DIAGNOSTICS LTD | 0.041 | $8,921,079.00 | 0 |
| UCM | USCOM LTD | 0.12 | $17,205,108.00 | 0 |
| JHC | JAPARA HEALTHCARE LTD | 1.24 | $336,590,432.00 | 2 |
| GMV | G MEDICAL INNOVATION HOLDING | 0.29 | $106,745,136.00 | 2 |
| ACW | ACTINOGEN MEDICAL LTD | 0.054 | $60,368,952.00 | 2 |
| MX1 | MICRO-X LTD | 0.27 | $31,110,410.00 | 2 |
| AHX | APIAM ANIMAL HEALTH LTD | 0.48 | $52,637,372.00 | 2 |
| EHH | EAGLE HEALTH HOLDINGS LTD | 0.215 | $68,462,416.00 | 2 |
| SOM | SOMNOMED LTD | 1.71 | $109,593,272.00 | 3 |
| IDT | IDT AUSTRALIA LTD | 0.16 | $36,727,740.00 | 3 |
| OCC | ORTHOCELL LTD | 0.135 | $16,303,921.00 | 4 |
| CDY | CELLMID LTD | 0.265 | $22,288,776.00 | 4 |
| PXS | PHARMAXIS LTD | 0.265 | $106,458,648.00 | 4 |
| MVP | MEDICAL DEVELOPMENTS INTERNA | 4.26 | $248,527,376.00 | 4 |
| SKN | SKIN ELEMENTS LTD | 0.021 | $2,597,986.50 | 5 |
| ADO | ANTEO DIAGNOSTICS LTD | 0.019 | $20,875,618.00 | 6 |
| MVF | MONASH IVF GROUP LTD | 1 | $230,869,328.00 | 6 |
| ITD | ITL HEALTH GROUP LTD | 0.145 | $10,293,451.00 | 7 |
| THC | THC GLOBAL GROUP LTD | 0.5 | $64,911,560.00 | 7 |
| NOX | NOXOPHARM LTD | 0.43 | $54,364,212.00 | 9 |
| PIQ | PROTEOMICS INTERNATIONAL LAB | 0.34 | $27,374,068.00 | 10 |
| CYP | CYNATA THERAPEUTICS LTD | 1.55 | $151,735,104.00 | 10 |
| EXL | ELIXINOL GLOBAL LTD | 3.48 | $414,752,032.00 | 10 |
| MDR | MEDADVISOR LTD | 0.041 | $58,502,128.00 | 11 |
| S66 | STAR COMBO PHARMA LTD | 0.61 | $52,354,644.00 | 11 |
| JHL | JAYEX HEALTHCARE LTD | 0.03 | $4,693,164.50 | 11 |
| 1ST | 1ST GROUP LTD | 0.03 | $7,059,248.00 | 12 |
| CDX | CARDIEX LTD | 0.061 | $38,500,280.00 | 13 |
| PCK | PAINCHEK LTD | 0.04 | $33,515,384.00 | 14 |
| PBT | PRANA BIOTECHNOLOGY LTD | 0.04 | $22,741,750.00 | 14 |
| PNV | POLYNOVO LTD | 0.76 | $485,899,712.00 | 15 |
| BOT | BOTANIX PHARMACEUTICALS LTD | 0.11 | $87,103,832.00 | 15 |
| NVL | NATIONAL VETERINARY CARE LTD | 2.1 | $135,342,752.00 | 21 |
| NSB | NEUROSCIENTIFIC BIOPHARMACEU | 0.2 | $15,084,021.00 | 21 |
| AVH | AVITA MEDICAL LTD | 0.14 | $251,699,344.00 | 22 |
| GSS | GENETIC SIGNATURES LTD | 0.94 | $98,825,592.00 | 25 |
| AXP | AIRXPANDERS INC-CDI | 0.039 | $21,779,934.00 | 25 |
| BLT | BENITEC BIOPHARMA LTD | 0.135 | $30,843,532.00 | 27 |
| SDI | SDI LTD | 0.84 | $100,441,376.00 | 27 |
| OIL | OPTISCAN IMAGING LTD | 0.058 | $26,393,406.00 | 29 |
| IPD | IMPEDIMED LTD | 0.245 | $96,722,600.00 | 29 |
| BWX | BWX LTD | 2.29 | $288,259,744.00 | 38 |
| HCT | HOLISTA COLLTECH LTD | 0.063 | $14,744,462.00 | 43 |
| AGH | ALTHEA GROUP HOLDINGS LTD | 0.435 | $85,390,200.00 | 46 |
| BNO | BIONOMICS LTD | 0.2 | $106,213,744.00 | 54 |
| FTT | FACTOR THERAPEUTICS LTD | 0.005 | $3,128,507.00 | 80 |
| SIL | SMILES INCLUSIVE | 0.545 | ||
| RAP | RESAPP HEALTH | 0.105 | ||
| AXP | AIRXPANDERS-CDI | 0.04 |
