INVION LIMITED (IVX)



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General Information
Company Name: Invion Limited
Stock Code: IVX
Website: www.invion.com.au
GICS Sub-Industry: Pharmaceuticals
Market Cap ($M): 18
Equiv. Shares (M): 409

Current Price Data+
Current Price Open High Low Last Close Volume Price Movement
$ 0.044 $ 0.000 $ 0.000 $ 0.000 $ 0.044 0 0%

Company Overview

Business Description:
Invion Limited (IVX, formerly CBIO Limited) is a clinical-stage drug development company in the biotechnology and pharmaceutical industry in Australia. IVX has two key development programs: INV102 for inflammatory respiratory disease, and Chaperonin10 (CPN10) for the treatment of lupus. IVX also exploits the patented use of beta-2 adrenergic inverse agonism for the development of treatments for inflammatory conditions of the lungs such as asthma, chronic bronchitis and cystic fibrosis.


Financial Summary
Year to Jun NPAT EPS EPS chg (%) PER DPS Yield (%) Franking (%)
2012  A -5.5 -2.6 -- 0.0 0.0 0.0 --
2011  A -13.7 -11.0 -- 0.0 0.0 0.0 --
2010  A -16.8 -22.8 -- 0.0 0.0 0.0 --
Source: Aspect actuals / Thomson IBES estimates

Peer Comparison
EPS Growth (%) P/E (%) Dividend Yield (%)
Company Mkt Cap 2010 A 2011 F 2012 F 2010 A 2011 F 2012 F 2010 A 2011 F 2012 F
Acrux Limited (ACR) $644 M -0.8713 0.9707 0.7463 87.1622 44.2286 25.3272 0.0207 0.0195 0.0452
Invion (IVX) $17 M -- -- -- -- -- -- 0.0000 -- --
Pharmaxis (PXS) $62 M -- -- -- -- -- -- 0.0000 -- --

Market Comparison
Earnings P/E Ratio P/B Ratio P/E Growth P/S Ratio
IVX -- -- 1.75 -- 2.73
Market 1.10 12.9 0.91 2.56 2.61
Sector 0.93 20.8 2.40 0.55 7.03

Directors
Name Position Start Date
Mr Gregory Thomas Brown Alternate Director 13 January 2012
Professor Gregory (Greg) Collier Chief Executive Officer,Managing Director 06 May 2013
Dr Mitchell Glass Chief Medical Officer,Executive Director 31 August 2012
Dr James Campbell Executive Director 27 February 2012
Dr Ralph Howard Craven Non-Executive Chairman 04 November 2011
Mr Brett Heading Non-Executive Director 27 February 2012
Mr Warren Thomas Brown Non-Executive Director 26 April 2012

Management
Name Position
Melanie Farris --
Tom Coogan Chief Financial Officer
Daina Vanags CSO and Acting CEO

Substantial Shareholders
Holding Name
12,249,189 (5.12%) Michael Monsour
13,671,970 (5.72%) Himstedt & Co Pty Ltd <The Himstedt Family Trust A/C>

Calendar of Events
Date Event
18 February 2014 Report (Interim)
04 October 2013 Report (Annual)
26 August 2013 Report (Annual)
26 August 2013 Report (Prelim)
© 2011 Morningstar, Inc. All rights reserved. The data and content contained herein are not guaranteed to be accurate, complete or timely. Neither Morningstar, nor its affiliates nor their content providers will have any liability for use or distribution of any of this information. To the extent that any of the content above constitutes advice, it is general advice that has been prepared by Morningstar Australasia Pty Ltd ABN: 95 090 665 544, AFSL: 240892 (a subsidiary of Morningstar, Inc.), without reference to your objectives, financial situation or needs. Before acting on any advice, you should consider the appropriateness of the advice and we recommend you obtain financial, legal and taxation advice before making any financial investment decision. If applicable investors should obtain the relevant product disclosure statement and consider it before making any decision to invest. Some material is copyright and published under licence from ASX Operations Pty Limited ACN 004 523 782 ("ASXO"). DISCLOSURE: Employees may have an interest in the securities discussed in this report. Please refer to our Financial Services Guide (FSG) for more information at www.morningstar.com.au/fsg.asp.

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