Biotech Daily

Daily news on ASX-listed biotechnology companies

Biotech Daily covers the major announcements from more than 140 ASX-listed biotech companies as well as research institutes and developments in government policy.

Published shortly after the stock market closes five days a week - excluding public holidays - Biotech Daily is the only comprehensive daily source of information on the listed biotechnology sector.

The Biotech Daily Top 40 Index (BDI-40) is selected on the basis of interesting technologies, benefit to human health and investment potential. Market capitalization is important, but is not a sole arbiter.

Base-rate subscriptions are $A1,750 a year (including GST in Australia).

Subscribers include biotech directors and CEOs, major pharmaceutical companies, universities, research institutes, investment houses, market analysts, retail investors, doctors, medical specialists and hospital management.

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July BDI-40 Up 26%, ASX200 Up 6%, Big Caps Up 9%, NBI Up 4%

Monday August 1, 2022

After a dramatic June downturn, the Biotech Daily Top 40 Index (BDI-40) stormed back 26.4 percent to a near full recovery, outperforming the ASX200 which was up 5.7 percent.

The collective three Big Caps of Cochlear, CSL and Resmed (which are not included in the BDI-40) rose 9.1 percent; and the Nasdaq Biotechnology Index (NBI) 4.1 percent.

The BDI-40 recovered to above its pre-Covid-19 pandemic high (see charts below) with improvements across the board, but was 16.1 percent below July 31, 2021.

Telix added $864 million, or 61.0 percent, taking its market capitalization to a record $2,281 million, on news of its first major sales of its Illucix kit for prostate cancer imaging. Pro Medicus, Nanosonics and Imugene added nearly $1.5 billion to the index.

In July, 32 of the BDI-40 companies were up, 28 by more than 10 percent, 18 by more than 20 percent and five by more than 50 percent. Just seven fell with three down by more than 10 percent. Uscom was unchanged.

Medical Developments was the best by percentage in July, up $76 million or 73.1 percent to $180 million, followed by: Volpara (63.2%), Telix (61.0%), Mesoblast (57.2%), Oncosil (50.6%), Next Science (49.7%), Neuren (48.2%), Alcidion (41.7%), Cyclopharm (38.95%), Nanosonics (38.5%), Atomo (37.5%), Imugene (33.3%), Dimerix (28.2%), Compumedics (25.9%), Resonance (23.1%), Impedimed (22.2%), Avita (21.4%) and Actinogen (20.0%).

Kazia led the falls for no apparent reason, down $14 million or 16.5 percent to $71 million, followed by: Universal Biosensors (14.1%), Starpharma (12.25%), Genetic Signatures (6.6%), Amplia (5.3%), Proteomics (5.1%) and Micro-X (4.6%).

While some might say the sector is “volatile”, Biotech Daily believes it was over-sold by panicking investors, both retail and institutional. As we’ve said before, biotech is not for the faint-hearted.

The collective value of the three Big Caps climbed 9.1 percent in July, with Resmed leading, again, up 11.4 percent to $50,072 million, Cochlear up 8.5 percent to $14,177 million, and CSL up 8.3 percent to $140,369 million.

The Big Caps were up 1.65 percent for the year to July 31, 2022.

All stocks outside the BDI-40 were generally in recovery, with few stand-outs. EBR was up 88.8 percent, Mach7 was up 38.5 percent, Mayne was up 36.1 percent and Althea recovered 163.2 percent to $50 million - just below its April market capitalization.

Cannabis Corner was up 18.9 percent in July, but 0.6 percent below July 31, 2021. Ten of the 11 companies were up, with Incannex the only fall and by just 2.2 percent.

 On the Nasdaq, Queensland’s Protagonist was up 24.2 percent to $693 million, Eyepoint (formerly Psivida) was up 14.7 percent to $445n million, but Redhill with Australian assets slipped $1 million or 1.25 percent to $79 million.

BDI-40 v S&P ASX200 Jun 30, 2006 to Jul 31, 2022

5-Year Big Caps (Cochlear, CSL, Resmed) to Jul 31, 2022

BDI-40 ($m) v S&P ASX200 – Jan 31, 2020 - Jul 31, 2022
(current, raw data)

Biotech Daily Top 40 With Market Capitalization At Jul 31, 2022

Biotech Daily editor, David Langsam, owns shares in Acrux, Actinogen, Alcidion, Alterity, Amplia, BTC Health, Clarity, Cochlear, Control Bionics, Cynata, Nanosonics, Neuren, Patrys, Polynovo, Telix and Volpara, as well as non-biotechnology stocks.

Through Australian Ethical Superannuation he has an indirect interest in a range of biotechnology companies.

These holdings are liable to change:
https://www.australianethical.com.au/personal/ethical-investing/companies-we-invest-in/

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