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TICKERS: GUD; KHTRF

Pharma Co. Primed for Future Business
Research Report

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Analysts at Research Capital believe that Knight Therapeutics Inc. is primed to conduct future business development.

Knight Therapeutics Inc. (GUD:TSX; KHTRF:OTCMKTS) has raised its Canadian franchise sales and added to its CNS therapeutic area, according to a January 25 Research Capital note by analysts Dr. Andre Uddin and Seungwoo (Steve) Lee.

New Licensing Deals

The report stated that Knight Therapeutics signed an exclusive licensing deal with Amneal Pharmaceuticals Inc. (AMRX:NASDAQ) to pursue regulatory approval and eventually market Amneal's IPX203 drug for Parkinson's disease in Canada and Latin America. IPX203 is a new oral extended-release capsule that delivers a combination of carbidopa and levodopa. 

Uddin and Lee also mentioned that on December 19, Knight Therapeutics had signed an exclusive licensing deal with Supernus Pharmaceuticals Inc. (SUPN:NASDAQ) for the rights to develop and market Supernus's drug Qelbree for Attention-Deficit Hyperactivity Disorder (ADHD) in Canada. Qelbree is an extended-release formulation containing viloxazine, a compound that modulates serotonin and norepinephrine activity in the brain.

The report also touched on Knight's acquisition of Exelon, saying it is a part of Knight's diversified profile, but did not provide further details. 

Primed for Future Business

According to the report, Knight had a strong cash position in quarter three of 2023. This included $142 million in cash and $75 million in debt. The analysts noted that with this position, they believe Knight may be printed for future business development. 

"With the ongoing share buyback program and expansion of multiple portfolio assets, especially in the Latin American markets, we remain bullish and are maintaining our Buy rating and target price of $6.50," the analysts said.


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  1.  This article does not constitute investment advice and is not a solicitation for any investment. Streetwise Reports does not render general or specific investment advice and the information on Streetwise Reports should not be considered a recommendation to buy or sell any security. Each reader is encouraged to consult with his or her personal financial adviser and perform their own comprehensive investment research. By opening this page, each reader accepts and agrees to Streetwise Reports' terms of use and full legal disclaimer. Streetwise Reports does not endorse or recommend the business, products, services or securities of any company. 
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Disclosures for Research Capital Corp., Knight Therapeutics Inc., January 25, 2024

Analyst Certification I, Andre Uddin, Ph.D., certify the views expressed in this report were formed by my review of relevant company data and industry investigation, and accurately reflect my opinion about the investment merits of the securities mentioned in the report. I also certify that my compensation is not related to specific recommendations or views expressed in this report. Research Capital Corporation publishes research and investment recommendations for the use of its clients. Information regarding our categories of recommendations, quarterly summaries of the percentage of our recommendations which fall into each category and our policies regarding the release of our research reports is available at www.researchcapital.com or may be requested by contacting the analyst. Each analyst of Research Capital Corporation whose name appears in this report hereby certifies that (i) the recommendations and opinions expressed in this research report accurately reflect the analyst’s personal views and (ii) no part of the research analyst’s compensation was or will be directly or indirectly related to the specific conclusions or recommendations expressed in this research report.

Relevant Disclosures Applicable to Companies Under Coverage Relevant disclosures required under IIROC Rule 3400 applicable to companies under coverage discussed in this research report are available on our website at www.researchcapital.ca

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RC USA INC. Information about Research Capital Corporation’s Rating System, the distribution of our research to clients and the percentage of recommendations which are in each of our rating categories is available on our website at www.researchcapital.com. The information contained in this report has been drawn from sources believed to be reliable but its accuracy or completeness is not guaranteed, nor in providing it does Research Capital Corporation assume any responsibility or liability. Research Capital Corporation, its directors, officers and other employees may, from time to time, have positions in the securities mentioned herein. Contents of this report cannot be reproduced in whole or in part without the express permission of Research Capital Corporation. US Institutional Clients – Research Capital USA Inc., a wholly owned subsidiary of Research Capital Corporation, accepts responsibility for the contents of this report subject to the terms and limitations set out above. US firms or institutions receiving this report should effect transactions in securities discussed in the report through Research Capital USA Inc., a Broker – Dealer registered with the Financial Industry Regulatory Authority (FINRA).





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