Report

Acacia Pharma - BARHEMSYS and BYFAVO launched in the US

The year 2020 was transformational for Acacia Pharma, with the US approval of its two lead assets, BARHEMSYS (amisulpride injection) for the treatment and prevention of post-operative nausea and vomiting (PONV) and BYFAVO (remimazolam), an IV sedative for use during invasive medical procedures. Both assets have now been launched, BARHEMSYS in August 2020 and BYFAVO in January 2021. By marketing two products through a small but experienced salesforce, Acacia should realise significant operational synergies. Launches are in the early phase, with the focus on gaining wide formulary access in FY21; this should translate to significant revenue generation from FY22 onwards and maiden operating profit from FY23. Our updated valuation of Acacia Pharma is €1,278m.
Underlying
Acacia Pharma Group PLC

Acacia Pharma Group Plc. Acacia Pharma Group PLC is a United Kingdom-based company specialized in the pharmaceutical industry. The pharmaceutical group focuses on the development and commercialization of new nausea and vomiting treatments for surgical and cancer patients. Its pipeline includes BAREMIS, an intravenous formulation of amisulpride, which is a selective dopamine antagonist that has completed phase 3 clinical development for the prophylaxis and treatment of Postoperative nausea and vomiting (PONV), and APD403, which is based on the selective dopamine antagonist amisulpride and it is being developed as an intravenous injection for cancer patients to be administered immediately before chemotherapy to prevent acute chemotherapy-induced nausea & vomiting ( CINV).

Provider
Edison Investment Research
Edison Investment Research

Edison is an investment research and advisory company, with offices in North America, Europe, the Middle East and AsiaPac. The heart of Edison is our world renowned equity research platform and deep multi-sector expertise. At Edison Investment Research, our research is widely read by international investors, advisors and stakeholders. Edison Advisors leverages our core research platform to provide differentiated services including investor relations and strategic consulting.

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Analysts
Sean Conroy

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