ESSA Pharma Inc.: Selling For Under Cash Value

Summary

  • Shares of early-stage prostate cancer concern ESSA Pharma Inc. are down 90% since May 2021 as trial data delays and vague messaging suggest that its therapy is running into issues about effectiveness and the market size for its therapy.
  • It does not help that management has not conducted a conference call to better explain the clinical trial situation.
  • With a unique approach that seems ideally suited for combination therapy and trading at a significant discount to cash, the recent beneficial owner buying merited a deeper dive.
  • A full investment evaluation follows in the paragraphs below.
  • Looking for a helping hand in the market? Members of The Biotech Forum get exclusive ideas and guidance to navigate any climate. Learn More »

Compare of MRI prostate gland axial, coronal and sagittal T2W for diagnosis prostate cancer cell in aged men.

mr.suphachai praserdumrongchai

Humility is to make a right estimate of oneself." - Charles H. Spurgeon

Today, we put the spotlight on a small biopharma concern from north of the border. The stock basically trades at cash value and there has been some

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This article was written by

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Bret Jensen has over 13 years as a market analyst, helping investors find big winners in the biotech sector. Bret specializes in high beta sectors with potentially large investor returns.

Bret leads the investing group The Biotech Forum, in which he and his team offer a model portfolio with their favorite 12-20 high upside biotech stocks, live chat to discuss trade ideas, and weekly research and option trades. The group also provides market commentary and a portfolio update every weekend. Learn More.

Analyst’s Disclosure:I/we have a beneficial long position in the shares of EPIX either through stock ownership, options, or other derivatives. I wrote this article myself, and it expresses my own opinions. I am not receiving compensation for it (other than from Seeking Alpha). I have no business relationship with any company whose stock is mentioned in this article.

Bret Jensen is the Founder of and authors articles for the Biotech Forum, Busted IPO Forum and Insiders Forum.

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