Taglich Brothers Initiates Coverage of Apricus Biosciences, Inc.
NEW YORK, February 18, 2015 - Taglich Brothers, Inc. announces it has initiated coverage of Apricus Biosciences, Inc.
Apricus Biosciences, Inc., headquartered in San Diego, California, manufactures a treatment for erectile dysfunction and is developing pharmaceuticals to treat urological and rheumatoid disorders, and women’s sexual disorders. The company’s lead product, Vitaros, is a topical treatment for erectile dysfunction (ED), delivery of which is based on a proprietary permeation enhancer technology (NexACT®) which facilitates the delivery of the drug into the blood stream.
Vitaros is aimed at patients who have not responded satisfactorily to oral ED medications and prefer a treatment that is less invasive or easier to use than other alternatives. Vitaros is cleared for marketing in a number of European countries and in Canada.
Vitaros was launched in the UK, Germany, Sweden, and Belgium in 2014. Revenue to date consists largely of upfront license fees. All product marketing is done by partners currently under exclusive licenses to sell Vitaros in Canada, Europe, most of Southeast Asia, the Mideast, Australia and New Zealand, and certain countries in Africa.
Revenue potential for Vitaros alone is substantial. Erectile dysfunction is a largely age-related ailment due in large measure to the incidence of such conditions as diabetes, hypertension, high cholesterol and heart disease in older patient populations. While the majority of cases are successfully treated with oral phosphodiesterase-5 (PDE5) inhibitors such as sildenafil, vardenafil, and tadalafil, commonly known, respectively, as Viagra, Cialis and Levitra, many ED patients are unresponsive to PDE5 inhibitors.
APRI has three more products in its pipeline. RayVa™, a rheumatology product, is now in a Phase 2a trial for the treatment of Raynaud’s Phenomenon, a symptom of rheumatic disease that causes numbness in the digits in response to cold temperatures or stress. RayVa also uses Apricus’ proprietary permeation enhancer. Apricus plans a 2015 Phase 2b clinical study of fispemifene, an in-licensed tissue-specific selective estrogen receptor modulator designed to treat secondary testosterone deficiency (hypogonadism), chronic prostatitis and lower urinary tract symptoms in men. Apricus is seeking one or more licensees to further develop and commercialize Femprox®, a potential treatment for female sexual interest/arousal disorder (FSIAD) that has been evaluated in earlier human studies.
The complete 17-page report is available at www.taglichbrothers.com.
Taglich Brothers, Inc. is a full-service broker dealer focused exclusively on microcap companies. The Company defines the microcap segment of the equity market as companies with less than $250 million in market capitalization. Taglich Brothers currently offers institutional and retail brokerage services, investment banking and comprehensive research coverage to the investment community.
We do not undertake to advise you as to changes in figures or our views. This is not a solicitation of any order to buy or sell. Taglich Brothers, Inc. is fully disclosed with its clearing firm, Pershing, LLC, is not a market maker and does not sell to or buy from customers on a principal basis. The above statement is the opinion of Taglich Brothers, Inc. and is not a guarantee that the target price for the stock will be met or that predicted business results for the company will occur. There may be instances when fundamental, technical and quantitative opinions contained in this report are not in concert. We, our affiliates, any officer, director or stockholder or any member of their families may from time to time purchase or sell any of the above-mentioned or related securities. Analysts and members of the Research Department are prohibited from buying or selling securities issued by the companies that Taglich Brothers, Inc. has a research relationship with, except if ownership of such securities was prior to the start of such relationship, then an Analyst or member of the Research Department may sell such securities after obtaining expressed written permission from Compliance. As of the date of this report no Taglich Brothers, Inc. employees had a position in the stock of the company mentioned in this report.
All research issued by Taglich Brothers, Inc. is based on public information. All research issued by Taglich Brothers, Inc. is based on public information. In Decemberr 2014 the company paid an initial monetary engagement fee of US$4,500 to Taglich Brothers, Inc. representing payment for the first three months of the creation and dissemination of research reports, after which the company will pay Taglich Brothers, Inc. a monetary fee of US$1,500 per month for another sixmonths of such services.
For further information and Taglich Brothers, Inc. ownership data please refer to each individual report.
Taglich Brothers, Inc.