Here’s our fortnightly wrap of all the news driving ASX small cap health stocks.

Shares in pot stock Zelda Therapeutics (ASX:ZLD) have gained 6 per cent off the back of some recent momentum.

The company says it will look into treating breast cancer after Professor Cristina Sanchez, a member of its medical advisory board, found in a study that treatment with THC can promote anti-tumour responses under certain conditions. You can read the complicated science behind that study here.

It also is preparing for a future in the US, signing a binding agreement with US pot company Ilera Healthcare to open up a market there.

Cancer fighter Immutep (ASX:IMM) has been another company to see a modest rise in the share price after a series of incremental announcements.

The company, which already has deals with pharma giants Merck and Pfizer, has been busy over the past few weeks, presenting new data on its cancer and autoimmune disease drugs at various conferences, dosing patients in a Phase II trial with patients suffering from lung cancer and picking up a tidy $872k in the research and development tax incentive.

THC Global (ASX:THC) has gained 16 per cent in the past fortnight, as makes its first revenue from medicinal cannabis.

Calling itself the “leading medicinal cannabis company”, THC reported $815 in external sales in its medicinal cannabis segment for the 2018 financial year.

The rest of the $2.7 million it made came from sales of hydroponics equipment, materials and nutrients.

And a little like when we last checked inFactor Therapeutics (ASX:FTT) leads the charge with a 67 per cent rise, but that is due simply to its languishing share price fluctuating at less than half a cent.

It hasn’t been a great few weeks for Smiles Inclusive (ASX:SIL). The company lost its CEO in February, and then came under pressure to be more transparent with its finances. Its shares have fallen 40 per cent.

The company said its bankers have agreed – for the time being – to overlook any past breaches of their debt covenants.

In the half year accounts, Smiles said NAB was “considering” its request for a covenant waiver due to “significant events” in the first six months of the financial year.

Loan covenants are conditions that require the borrower to fulfil certain conditions or forbids them from taking certain actions while they owe money.

If they breach these conditions, they have to hope their debtor will waive the penalty.

Althea Group (ASX:AGH) have also suffered a share price drop, down 19 per cent.

The company has enough money for its Victorian cannabis growing facility in the current cash kitty and a large marketing spend, however.

Here’s a table showing price performance for the ASX’s small cap health stocks.

Swipe or scroll to reveal full table. Click headings to sort

ASX code Company Last price Market cap 1-mnth return
FTT FACTOR THERAPEUTICS LTD 0.005 $5,214,178.00 67
EHH EAGLE HEALTH HOLDINGS LTD 0.29 $92,344,656.00 35
IBX IMAGION BIOSYSTEMS LTD 0.034 $10,650,513.00 32
RNO RHINOMED LTD 0.2 $28,386,656.00 29
GSS GENETIC SIGNATURES LTD 1.15 $124,832,328.00 28
IHL IMPRESSION HEALTHCARE LTD 0.021 $12,529,487.00 28
ATX AMPLIA THERAPEUTICS LTD 0.15 $6,153,495.50 25
IMU IMUGENE LTD 0.018 $72,196,928.00 25
SUD SUDA PHARMACEUTICALS LTD 0.005 $12,909,796.00 25
BIT BIOTRON LTD 0.095 $57,758,564.00 24
PAR PARADIGM BIOPHARMACEUTICALS 1.505 $197,120,720.00 23
TDL TBG DIAGNOSTICS LTD 0.05 $10,879,364.00 22
MVP MEDICAL DEVELOPMENTS INTERNA 4.475 $305,427,072.00 18
VHT VOLPARA HEALTH TECHNOLOGIES 1.21 $218,807,200.00 17
UCM USCOM LTD 0.14 $19,269,722.00 17
THC THC GLOBAL GROUP LTD 0.58 $74,457,376.00 16
ELX ELLEX MEDICAL LASERS LTD 0.62 $94,776,728.00 16
ANP ANTISENSE THERAPEUTICS LTD 0.035 $13,749,890.00 16
AMT ALLEGRA ORTHOPAEDICS LTD 0.12 $11,947,086.00 14
AVH AVITA MEDICAL LTD 0.155 $298,310,336.00 14
RHY RHYTHM BIOSCIENCES LTD 0.16 $16,120,000.00 14
JHC JAPARA HEALTHCARE LTD 1.385 $371,317,984.00 14
MVF MONASH IVF GROUP LTD 1.095 $256,783,232.00 14
VBS VECTUS BIOSYSTEMS LTD 0.395 $9,235,098.00 13
KZA KAZIA THERAPEUTICS LTD 0.52 $32,948,336.00 10
JHL JAYEX HEALTHCARE LTD 0.033 $5,531,230.00 10
OSP OSPREY MEDICAL INC-CDI 0.11 $47,497,712.00 10
PBT PRANA BIOTECHNOLOGY LTD 0.044 $24,405,782.00 10
SKN SKIN ELEMENTS LTD 0.024 $3,175,317.00 10
CTE CRYOSITE LTD 0.045 $2,108,680.25 10
TPE TPI ENTERPRISES LTD 1.02 $85,139,872.00 9
ACR ACRUX LTD 0.175 $29,980,568.00 9
ADR ADHERIUM LTD 0.025 $4,356,848.50 9
ITD ITL HEALTH GROUP LTD 0.145 7
IMM IMMUTEP LTD 0.032 $108,275,144.00 7
ZLD ZELDA THERAPEUTICS LTD 0.055 $42,299,148.00 6
ADO ANTEO DIAGNOSTICS LTD 0.02 $22,035,374.00 6
LCT LIVING CELL TECHNOLOGIES LTD 0.04 $22,286,198.00 5
MDC MEDLAB CLINICAL LTD 0.395 $83,353,560.00 5
CYP CYNATA THERAPEUTICS LTD 1.65 $162,392,080.00 5
MEB MEDIBIO LTD 0.02 $4,052,565.50 5
BOT BOTANIX PHARMACEUTICALS LTD 0.115 $83,767,712.00 5
PAB PATRYS LTD 0.022 $23,596,988.00 5
RGS REGENEUS LTD 0.11 $22,977,366.00 5
CP1 CANNPAL ANIMAL THERAPEUTICS 0.115 $11,175,000.00 4
BLT BENITEC BIOPHARMA LTD 0.14 $34,698,972.00 4
NC6 NANOLLOSE LTD 0.083 $6,224,999.50 4
OCC ORTHOCELL LTD 0.14 $16,907,770.00 4
BWX BWX LTD 2.14 $283,289,760.00 4
RAP RESAPP HEALTH LTD 0.092 $61,688,616.00 3
KKT KONEKT LTD 0.22 $23,273,104.00 2
RHT RESONANCE HEALTH LTD 0.078 $31,797,308.00 1
S66 STAR COMBO PHARMA LTD 0.61 $52,787,328.00 1
PBP PROBIOTEC LTD 1.51 $90,224,888.00 1
1ST 1ST GROUP LTD 0.027 $7,059,248.00 0
1AD ADALTA LTD 0.24 $28,225,086.00 0
ALC ALCIDION GROUP LTD 0.042 $35,449,532.00 0
BPH BPH ENERGY LTD 0.001 $2,543,277.75 0
DXB DIMERIX LTD 0.087 $13,815,551.00 0
FFC FARMAFORCE LTD 0.095 $12,141,093.00 0
GTG GENETIC TECHNOLOGIES LTD 0.007 $21,152,926.00 0
IDT IDT AUSTRALIA LTD 0.155 $36,727,740.00 0
IVX INVION LTD 0.013 $82,509,096.00 0
MGZ MEDIGARD LTD 0.02 $2,706,006.50 0
OSL ONCOSIL MEDICAL LTD 0.165 $104,066,952.00 0
POH PHOSPHAGENICS LTD 0.004 $6,309,829.50 0
SVA SIMAVITA LTD-CDI 0.017 $7,102,228.00 0
SOM SOMNOMED LTD 1.75 $109,907,296.00 0
VLS VITA LIFE SCIENCES LTD 0.865 $48,277,604.00 0
HLA HEALTHIA LTD 0.98 $62,404,312.00 -1
ICS ICSGLOBAL LTD 0.92 $9,737,297.00 -1
ONT 1300 SMILES LTD 6.19 $145,385,280.00 -1
NEU NEUREN PHARMACEUTICALS LTD 1.21 $122,772,320.00 -1
OPT OPTHEA LTD 0.75 $187,061,136.00 -1
PNV POLYNOVO LTD 0.71 $479,288,832.00 -1
CMP COMPUMEDICS LTD 0.34 $61,121,216.00 -1
GMV G MEDICAL INNOVATION HOLDING 0.295 $103,313,808.00 -2
ACW ACTINOGEN MEDICAL LTD 0.054 $59,251,008.00 -2
PXS PHARMAXIS LTD 0.26 $102,515,736.00 -2
MMJ MMJ GROUP HOLDINGS LTD 0.23 $54,085,012.00 -2
UBI UNIVERSAL BIOSENSORS INC-CDI 0.2 $37,221,140.00 -2
MDR MEDADVISOR LTD 0.04 $54,420,584.00 -2
PCK PAINCHEK LTD 0.038 $32,735,998.00 -3
RSH RESPIRI LTD 0.083 $41,018,880.00 -3
BNO BIONOMICS LTD 0.19 $98,043,456.00 -3
PAA PHARMAUST LTD 0.032 $7,531,305.00 -3
PGC PARAGON CARE LTD 0.45 $153,392,672.00 -3
RCE RECCE PHARMACEUTICALS LTD 0.15 $16,069,488.00 -3
PSQ PACIFIC SMILES GROUP LTD 1.225 $186,191,904.00 -4
TLX TELIX PHARMACEUTICALS LTD 0.675 $148,488,768.00 -4
NTI NEUROTECH INTERNATIONAL LTD 0.025 $3,393,596.75 -4
PYC PHYLOGICA LTD 0.024 $58,628,560.00 -4
HCT HOLISTA COLLTECH LTD 0.06 $14,042,345.00 -5
SDI SDI LTD 0.805 $95,092,424.00 -5
MXC MGC PHARMACEUTICALS LTD 0.039 $44,874,724.00 -5
BD1 BARD1 LIFE SCIENCES LTD 0.016 $15,910,323.00 -6
AHX APIAM ANIMAL HEALTH LTD 0.47 $49,479,132.00 -6
CYC CYCLOPHARM LTD 1.105 $75,912,256.00 -7
OVN OVENTUS MEDICAL LTD 0.27 $28,603,588.00 -7
NOX NOXOPHARM LTD 0.41 $49,477,540.00 -7
SCU STEMCELL UNITED LTD 0.02 $10,306,904.00 -7
NVL NATIONAL VETERINARY CARE LTD 1.94 $130,652,664.00 -7
MX1 MICRO-X LTD 0.255 $37,939,524.00 -7
ANR ANATARA LIFESCIENCES LTD 0.36 $17,788,764.00 -8
NHL NOVITA HEALTHCARE LTD 0.023 $10,783,324.00 -8
SDX SIENNA CANCER DIAGNOSTICS LT 0.06 $16,043,364.00 -8
CAN CANN GROUP LTD 1.535 $222,129,760.00 -8
IPD IMPEDIMED LTD 0.2275 $85,387,200.00 -8
ESE ESENSE-LAB LTD-CDI 0.022 $3,899,215.25 -9
GLH GLOBAL HEALTH LTD 0.155 $5,220,182.00 -9
AZV AZURE HEALTHCARE LTD 0.05 $11,635,641.00 -9
BXN BIOXYNE LTD 0.021 $12,802,908.00 -9
OBJ OBJ LTD 0.019 $32,570,328.00 -10
RAC RACE ONCOLOGY LTD 0.073 $6,167,686.00 -11
ACL ALCHEMIA LTD 0.008 $2,597,789.00 -11
ALT ANALYTICA LTD 0.005 $13,348,049.00 -11
EXL ELIXINOL GLOBAL LTD 3.15 $392,333,024.00 -11
CDY CELLMID LTD 0.23 $19,765,520.00 -11
VTI VISIONEERING TECH-CDI 0.092 $22,119,750.00 -12
DVL DORSAVI LTD 0.035 $7,140,587.50 -13
M7T MACH7 TECHNOLOGIES LTD 0.175 $25,858,662.00 -13
CAJ CAPITOL HEALTH LTD 0.2 $157,113,792.00 -13
CPH CRESO PHARMA LTD 0.345 $45,473,072.00 -13
IMC IMMURON LTD 0.23 $32,939,612.00 -13
PIQ PROTEOMICS INTERNATIONAL LAB 0.295 $23,751,030.00 -13
AC8 AUSCANN GROUP HOLDINGS LTD 0.37 $117,454,144.00 -14
PTX PRESCIENT THERAPEUTICS LTD 0.061 $12,077,335.00 -14
MEM MEMPHASYS LTD 0.021 $8,192,006.00 -14
AXP AIRXPANDERS INC-CDI 0.036 $18,987,634.00 -15
NSB NEUROSCIENTIFIC BIOPHARMACEU 0.17 $12,508,701.00 -15
ONE ONEVIEW HEALTHCARE PLC-CDI 0.44 $29,686,722.00 -15
LSH LIFESPOT HEALTH LTD 0.059 $4,576,552.00 -16
OIL OPTISCAN IMAGING LTD 0.049 $20,768,582.00 -17
AGH ALTHEA GROUP HOLDINGS LTD 0.34 $71,158,496.00 -19
LBT LBT INNOVATIONS LTD 0.06 $12,055,622.00 -19
RVA REVA MEDICAL INC - CDI 0.17 $70,561,504.00 -19
CDX CARDIEX LTD 0.046 $31,990,036.00 -25
CGS COGSTATE LTD 0.34 $34,566,896.00 -39
SIL SMILES INCLUSIVE LTD 0.175 $10,138,257.00 -40
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