Prana Biotechnology Limited (PBT)



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General Information
Company Name: Prana Biotechnology Limited
Stock Code: PBT
Website: www.pranabio.com
GICS Sub-Industry: Biotechnology
Market Cap ($M): 115
Equiv. Shares (M): 489

Current Price Data+
Current Price Open High Low Last Close Volume Price Movement
 $ 0.235 $ 0.235 $ 0.235 $ 0.235 $ 0.245 20,000 $ -0.010  -4.082 %

Company Overview

Business Description:
Prana Biotechnology Limited (PBT) is an Australian biotechnology company with a focus on the development of pharmaceutical products designed to treat the underlying causes of degeneration of the brain and the eye as the aging process progresses Potential applications for PBT’s MPAC (Metal-Protein Attenuating Compound) technology including Alzheimer’s, Parkinson’s and Huntington’s diseases and brain cancer.

Strategy Analysis:
The Company's focus is the development of the disease modifying therapeutics for the treatment of common neurological disorders, with a focus upon Alzheimer's, Parkinson's and Huntington's disease. Other potential applications for this platform technology include specific cancers and Age-related Macular Degeneration. Prana's lead compound PBT2 has completed Phase IIa clinical trial in patients with early Alzheimer's Disease. Planning is currently underway for a Phase IIb clinical trial of PBT2 in patients with mild to moderate Alzheimer's Disease. Prana is currently validating candidate leads from its MPAC library in the selection of PBT3 and PBT4 series compounds to be designated as follow ups of PBT2 in AD, or for use in secondary alternative indications..


Financial Summary
Year to Jun NPAT EPS EPS chg (%) PER DPS Yield (%) Franking (%)
2013  A -7.8 -2.3 -- 0.0 0.0 0.0 --
2012  A -5.2 -1.8 -- 0.0 0.0 0.0 --
2011  A -6.4 -2.6 -- 0.0 0.0 0.0 --
Source: Aspect actuals / Thomson IBES estimates

Peer Comparison
EPS Growth (%) P/E (%) Dividend Yield (%)
Company Mkt Cap 2011 A 2012 F 2013 F 2011 A 2012 F 2013 F 2011 A 2012 F 2013 F
CSL (CSL) $31,684 M 0.3878 0.1399 0.1149 25.4712 22.3449 20.0420 0.0165 0.0185 0.0215
Mesoblast (MSB) $1,287 M -- -- -- -- -- -- 0.0000 0.0000 0.0000
Prana Biotech (PBT) $120 M -- -- -- -- -- -- 0.0000 -- --
Starpharma (SPL) $237 M -- -- -- -- -- -- 0.0000 0.0000 0.0000
Sirtex Medical (SRX) $1,051 M 0.0596 0.3922 0.3320 58.1250 41.7508 31.3448 0.0000 0.0081 0.0123

Market Comparison
Earnings P/E Ratio P/B Ratio P/E Growth P/S Ratio
PBT -- -- 6.42 -- --
Market 1.20 14.3 0.99 1.05 3.46
Sector 0.55 20.3 3.46 1.76 12.2

Directors
Name Position Start Date
Mr Geoffrey Paul Kempler Chairman,Chief Executive Officer 11 November 1997
Mr Brian Derek Meltzer Non-Executive Director 09 December 1999
Dr George William Mihaly Non-Executive Director 09 December 1999
Mr Peter Marks Non-Executive Director 29 July 2005
Mr Lawrence Gozlan Non-Executive Director 08 August 2011
Professor Ira Shoulson Non-Executive Director 13 May 2014

Management
Name Position
Richard Revelins Chief Financial Officer,Company Secretary
Dianne Angus Chief Operating Officer

Calendar of Events
Date Event
25 February 2015 Report (Interim)
22 October 2014 Report (Annual)
30 September 2014 Report (Annual)
29 August 2014 Report (Annual)
29 August 2014 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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