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Biotech / Medical
Ethical Holdings (Ethcy) - seriously undervalued
An SI Board Since February 1997
Posts SubjectMarks Bans Symbol
345 1 0 ETHCY
Emcee:  James Reynolds Type:  Unmoderated
Introduction Market Data Compact
Anyone follow this drug delivery company?

Core technologies are transdermal drug delivery and oral controlled release delivery.

Current market cap is around $80 million.

Strategic alliance with Elan could yield licensing and development revenues in excess of $40 million over next few years.

Strategic alliance with Schein could yield licensing and development revenues of around $32 million over next few years.

Strategic alliance with G.D. Searle recently signed. Other partners include American Home products, Boehringer, Novo Nordisk, Pharmacia & Upjohn - not a bad endorsement of the company's technologies.

Holds 29% stake in UK biotech Phytopharm - worth around $30 million

Holds 18% stake in Medi-Ject (MEDJ) - worth around $7 million

Cash = around $6 million

Analysts forecast eps for 1999 = $0.65 - $0.85

Conservative p/e multiple of 30x gives a share price target of $20-25
by 1999.

Current share price = $5.625

Any thoughts?
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ReplyMessage PreviewFromRecsPosted
345Ethical Holdings became Amarin Corporation in December 1999 Amarin CorporationThomas Kirwin-11/12/2006
344 Get a load of this report - they think that ETHCY has cutting edge drug deliverJoe Dancy-10/2/1999
343 Quit buying here Tim, we are up 1 7/8 at the open. Are you trying to make this Joe Dancy-5/20/1999
342 Have a note into them. They were supposed to get with me last week when they weJoe Dancy-4/15/1999
341 new us president. the company also recently announced a strong hire to grow thtim wilson-4/14/1999
340 Did you ever interview ETHCY's management? They just launched a patch in APeter Jones-4/12/1999
339 Interviewed Richard Moroney, Editor of the Dow Theory Forecasts. Oldest investmJoe Dancy-4/3/1999
338 peter, you are correct on the market cap calculation. joe; i am glad you will tim wilson-3/29/1999
337 I understand ETHCY has been working on a AB-rated Diltiazem product for the US Peter Jones-3/29/1999
336 Good call Tim, you mentioned this strategy a few weeks ago if I recall. I'Joe Dancy-3/27/1999
335 What kinds of announcements do you think will follow? Have you spoken to managePeter Jones-3/26/1999
334 elan deal this is another solid step in ethicals rejuvination. it verifies thetim wilson-3/26/1999
333 The heavens have parted Peter. We have broken 10, this time in the right directJoe Dancy-3/19/1999
332 Surely, they must soon have something positive to say about the development of Peter Jones-3/18/1999
331 Glad to see someone else like this company Tim. Has been lonely here the last fJoe Dancy-3/17/1999
330 news? joe my sense is there are a number of things percolating at ethical bottim wilson-3/17/1999
329 No. Have been in contact periodically with new management team by e-mail. Like Joe Dancy-3/17/1999
328 Hi Joe, Have you heard of any rumours regarding ETHCY? The share price has beePeter Jones-3/17/1999
327 joe I happened to pick it up from dow jones interactive, which is a service whtim wilson-2/11/1999
326 "elan bought an additional 50,000 shares in january, at prices up to $7.50Joe Dancy-2/10/1999
325 Very sick I2, but with new management from one of the largest drug delivery comJoe Dancy-2/9/1999
324 Excuse me for butting in, but what happened to ETHCY that caused a drop of 99% Investor2-2/8/1999
323 Thanks Tim. I also continue to add to my position. Now own nearly 3% of the comJoe Dancy-2/8/1999
322 insider buying elan bought an additional 50,000 shares in january, at prices utim wilson-2/8/1999
321 Have requested an interview with the new management team at ETHCY - to get a feJoe Dancy-2/3/1999
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