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iCo Therapeutics

DB:0IT
Snowflake Description

Worrying balance sheet with weak fundamentals.

The Snowflake is generated from 30 checks in 5 different areas, read more below.
0IT
DB
CA$10M
Market Cap
  1. Home
  2. DE
  3. Pharmaceuticals & Biotech
Company description

iCo Therapeutics Inc., a biotechnology company, focuses on the identification, development, and commercialization of drug candidates to treat sight and life threatening diseases. The last earnings update was 141 days ago. More info.


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  • iCo Therapeutics has significant price volatility in the past 3 months.
0IT Share Price and Events
7 Day Returns
7%
DB:0IT
-1.4%
DE Biotechs
2.4%
DE Market
1 Year Returns
253.8%
DB:0IT
-10.6%
DE Biotechs
-6.2%
DE Market
0IT Shareholder Return
  7 Day 30 Day 90 Day 1 Year 3 Year 5 Year
iCo Therapeutics (0IT) 7% -13.2% 70.4% 253.8% 228.6% -80.2%
DE Biotechs -1.4% 2.6% -7.7% -10.6% 54.2% 8%
DE Market 2.4% 3% 7.4% -6.2% 9.6% 14.1%
1 Year Return vs Industry and Market
  • 0IT outperformed the Biotechs industry which returned -10.6% over the past year.
  • 0IT outperformed the Market in Germany which returned -6.2% over the past year.
Price Volatility
0IT
Industry
5yr Volatility vs Market

Value

 Is iCo Therapeutics undervalued based on future cash flows and its price relative to the stock market?

Value is all about what a company is worth versus what price it is available for. If you went into a grocery store and all the bananas were on sale at half price, they could be considered undervalued.

In this section, we usually try to help investors determine whether iCo Therapeutics is trading at an attractive price based on the cash flow it is expected to produce in the future. But as iCo Therapeutics has not provided consistent financial data, and the stock also has no analyst forecast or coverage, its intrinsic value cannot be reliably calculated by extrapolating past data or using analyst consensus cash flow predictions.

This is quite a rare situation as 89% of companies covered by Simply Wall St do have a valuation analysis. You can see them here.

Show me the analysis anyway

INTRINSIC VALUE BASED ON FUTURE CASH FLOWS
  • It is not possible to calculate the future cash flow value for iCo Therapeutics. This is due to cash flow or dividend data being unavailable. The share price is €0.046.
PRICE RELATIVE TO MARKET
We can also value a company based on what the stock market is willing to pay for it. This is similar to the price of fruit (e.g. Mangoes or Avocados) increasing when they are out of season, or how much your home is worth.

The amount the stock market is willing to pay for iCo Therapeutics's earnings, growth and assets is considered below, and whether this is a fair price.
Price based on past earnings
Are iCo Therapeutics's earnings available for a low price, and how does this compare to other companies in the same industry?
Raw Data
DB:0IT PE (Price to Earnings) Ratio Data Sources
Data Point Source Value
Earnings Per Share * Company Filings (2018-09-30) in CAD CA$-0.02
TSXV:ICO Share Price ** TSXV (2019-04-18) in CAD CA$0.09
Europe Biotechs Industry PE Ratio Median Figure of 30 Publicly-Listed Biotechs Companies 22.41x
Germany Market PE Ratio Median Figure of 422 Publicly-Listed Companies 19.67x

* Trailing twelve months (TTM) annual GAAP earnings per share excluding extraordinary items.

** Primary Listing of iCo Therapeutics.

DB:0IT PE (Price to Earnings) Ratio Calculation
Calculation Outcome
PE Ratio

= TSXV:ICO Share Price ÷ EPS (both in CAD)

= 0.09 ÷ -0.02

-4.55x

Learn more about our ratios and growth rates in Simply Wall St’s analysis model >

  • iCo Therapeutics is loss making, we can't compare its value to the Europe Biotechs industry average.
  • iCo Therapeutics is loss making, we can't compare the value of its earnings to the Germany market.
Price based on expected Growth
Does iCo Therapeutics's expected growth come at a high price?
Raw Data
DB:0IT PEG (Price to Earnings to Growth) Ratio Data Sources
Data Point Source Value
PE Ratio See PE Ratio Section -4.55x
Net Income Annual Growth Rate See Future Growth Section.
Line of Best Fit* through Consensus Estimate Earnings of 0 Analysts
Not available
Europe Biotechs Industry PEG Ratio Median Figure of 22 Publicly-Listed Biotechs Companies 1.3x
Germany Market PEG Ratio Median Figure of 270 Publicly-Listed Companies 1.58x

*Line of best fit is calculated by linear regression .

Learn more about our ratios and growth rates in Simply Wall St’s analysis model >

  • Unable to calculate PEG ratio for iCo Therapeutics, we can't assess if its growth is good value.
Price based on value of assets
What value do investors place on iCo Therapeutics's assets?
Raw Data
DB:0IT PB (Price to Book) Ratio Data Sources
Data Point Source Value
Book Value per Share Company Filings (2018-09-30) in CAD CA$0.00
TSXV:ICO Share Price * TSXV (2019-04-18) in CAD CA$0.09
Germany Biotechs Industry PB Ratio Median Figure of 15 Publicly-Listed Biotechs Companies 3.71x
Germany Market PB Ratio Median Figure of 570 Publicly-Listed Companies 1.85x
DB:0IT PB (Price to Book) Ratio Calculation
Calculation Outcome
PB Ratio

= TSXV:ICO Share Price ÷ Book Value per Share (both in CAD)

= 0.09 ÷ 0.00

-20.84x

* Primary Listing of iCo Therapeutics.

Learn more about our ratios and growth rates in Simply Wall St’s analysis model >

  • iCo Therapeutics has negative assets, we can't compare the value of its assets to the DE Biotechs industry average.

Next steps:

  1. Take a look at our analysis of 0IT’s management and see if the CEO’s compensation is within a reasonable range, who is on the board and if insiders have been trading lately.
  2. When valuing a company like this, investors focus more on how they perceive the size of the opportunity, the company's ability to deliver and scale, and the strength of the team. While we are not analysing this type of data at the moment, if you don’t know where to start, we recommend reading through iCo Therapeutics's regulatory filings and announcements.
  3. Show me more potentially undervalued companies in the Biotechs industry
  4. Use fundamentals to screen for another stock to analyse from our database of over 75,000 companies worldwide
X
Value checks
We assess iCo Therapeutics's value by looking at:
  1. Is the discounted cash flow value less than 20%, or 40% of the share price? (2 checks) ( Click here or on bar chart for details of DCF calculation. )
  2. Is the PE ratio less than the market average, and/ or less than the Biotechs industry average (and greater than 0)? (2 checks)
  3. Is the PEG ratio within a reasonable range (0 to 1)? (1 check)
  4. Is the PB ratio less than the Biotechs industry average (and greater than 0)? (1 check)
  5. iCo Therapeutics has a total score of 0/6, see the detailed checks below.

    Note: We use GAAP Earnings per Share in all our calculations including PE and PEG Ratio.

    Full details on the Value part of the Simply Wall St company analysis model.

Future Performance

 How is iCo Therapeutics expected to perform in the next 1 to 3 years based on estimates from 0 analysts?

In this section we usually present revenue and earnings growth projections based on the consensus estimates of professional analysts to help investors understand the company’s ability to generate profit. But as iCo Therapeutics has not provided enough past data and has no analyst forecast, its future earnings cannot be reliably calculated by extrapolating past data or using analyst predictions.

This is quite a rare situation as 97% of companies covered by Simply Wall St do have past financial data. You can see them here.

Show me the analysis anyway

The future performance of a company is measured in the same way as past performance, by looking at estimated growth and how much profit it is expected to make.

Future estimates come from professional analysts. Just like forecasting the weather, they don’t always get it right!
Annual Growth Rate
47.5%
Expected Biotechs industry annual growth in earnings.
Earnings growth vs Low Risk Savings
Is iCo Therapeutics expected to grow at an attractive rate?
  • Unable to compare iCo Therapeutics's earnings growth to the low risk savings rate as no estimate data is available.
Growth vs Market Checks
  • Unable to compare iCo Therapeutics's earnings growth to the Germany market average as no estimate data is available.
  • Unable to compare iCo Therapeutics's revenue growth to the Germany market average as no estimate data is available.
Annual Growth Rates Comparison
Raw Data
DB:0IT Future Growth Rates Data Sources
Data Point Source Value (per year)
Germany Biotechs Industry Earnings Growth Rate Market Cap Weighted Average 47.5%
Germany Biotechs Industry Revenue Growth Rate Market Cap Weighted Average 26%
Germany Market Earnings Growth Rate Market Cap Weighted Average 11.5%
Germany Market Revenue Growth Rate Market Cap Weighted Average 4.8%

*Line of best fit is calculated by linear regression .

Industry and Market average data is calculated daily.

Learn more about our growth rate calculations in Simply Wall St’s analysis model.

Analysts growth expectations
Raw Data
DB:0IT Analysts Growth Expectations Data Sources
Data Point Source Value
Past Financials Company Filings (6 months ago) See Below
Future Estimates Average of up to 0 Analyst Estimates (S&P Global) See Below
All numbers in CAD Millions and using Trailing twelve months (TTM) annual period rather than quarterly.
DB:0IT Past Financials Data
Date (Data in CAD Millions) Revenue Cash Flow Net Income *
2018-09-30 -1 -2
2018-06-30 -1 -2
2018-03-31 -1 -1
2017-12-31 -1 -1
2017-09-30 -1 -1
2017-06-30 -1 -1
2017-03-31 -1 -1
2016-12-31 -1 -1
2016-09-30 -2 -2
2016-06-30 -2 -2
2016-03-31 -4 -2
2015-12-31 -3 -2

*GAAP earnings excluding extraordinary items.

Super high growth metrics
High Growth Checks
  • Unable to determine if iCo Therapeutics is high growth as no earnings estimate data is available.
  • Unable to determine if iCo Therapeutics is high growth as no revenue estimate data is available.
Past and Future Earnings per Share
The accuracy of the analysts who estimate the future performance data can be gauged below. We look back 3 years and see if they were any good at predicting what actually occurred. We also show the highest and lowest estimates looking forward to see if there is a wide range.
Raw Data
DB:0IT Past and Future Earnings per Share
Data Point Source Value
Past Financials Company Filings (6 months ago) See Below
Future Estimates Average of up to 0 Analyst Estimates (S&P Global) See Below

All data from iCo Therapeutics Company Filings, last reported 6 months ago, and in Trailing twelve months (TTM) annual period rather than quarterly.

DB:0IT Past Financials Data
Date (Data in CAD Millions) EPS *
2018-09-30 -0.02
2018-06-30 -0.02
2018-03-31 -0.02
2017-12-31 -0.01
2017-09-30 -0.01
2017-06-30 -0.01
2017-03-31 -0.01
2016-12-31 -0.02
2016-09-30 -0.02
2016-06-30 -0.02
2016-03-31 -0.03
2015-12-31 -0.02

*GAAP earnings excluding extraordinary items.

Performance in 3 years
In the same way as past performance we look at the future estimated return (profit) compared to the available funds. We do this looking forward 3 years.
  • Unable to establish if iCo Therapeutics will efficiently use shareholders’ funds in the future without estimates of Return on Equity.

Next steps:

  1. Take a look at our analysis of 0IT’s management and see if the CEO’s compensation is within a reasonable range, who is on the board and if insiders have been trading lately.
  2. iCo Therapeutics's future outlook can be gauged by looking at industry trends and market size, and determining how well-positioned the company is compared to its competitors. Take a look at other high-growth Pharmaceuticals & Biotech companies here
  3. iCo Therapeutics's competitive advantages and company strategy can generally be found in its financial reports archived here.
  4. Use fundamentals to screen for another stock to analyse from our database of over 75,000 companies worldwide
X
Future performance checks
We assess iCo Therapeutics's future performance by looking at:
  1. Is the annual earnings growth rate expected to beat the low risk savings rate, plus a premium to keep pace with inflation?
  2. Is the annual earnings growth rate expected to beat the average growth rate in earnings of the Germany market? (1 check)
  3. Is the annual revenue growth rate expected to beat the average growth rate in revenue of the Germany market? (1 check)
  4. Is the annual earnings growth rate expected to be above 20%? (1 check)
  5. Is the annual revenue growth rate expected to be above 20%? (1 check)
  6. Is the Return on Equity in 3 years expected to be over 20%? (1 check)
Some of the above checks will fail if the company is expected to be loss making in the relevant year.
iCo Therapeutics has a total score of 0/6, see the detailed checks below.

Note 1: We use GAAP Net Income Excluding Exceptional Items for our Earnings in all our calculations.

Full details on the Future part of the Simply Wall St company analysis model.

Past Performance

  How has iCo Therapeutics performed over the past 5 years?

The past performance of a company can be measured by how much growth it has experienced and how much profit it makes relative to the funds and assets it has available.
Past earnings growth
Below we compare iCo Therapeutics's growth in the last year to its industry (Biotechs).
Past Earnings growth analysis
We also check if the company has grown in the past 5 years, and whether it has maintained that growth in the year.
  • iCo Therapeutics does not make a profit even though their year on year earnings growth rate was positive over the past 5 years.
  • Unable to compare iCo Therapeutics's 1-year earnings growth to the 5-year average as it is not currently profitable.
  • Unable to compare iCo Therapeutics's 1-year growth to the Europe Biotechs industry average as it is not currently profitable.
Earnings and Revenue History
iCo Therapeutics's revenue and profit over the past 5 years is shown below, any years where they have experienced a loss will show up in red.
Raw Data

All data from iCo Therapeutics Company Filings, last reported 6 months ago, and in Trailing twelve months (TTM) annual period rather than quarterly.

DB:0IT Past Revenue, Cash Flow and Net Income Data
Date (Data in CAD Millions) Revenue Net Income * G+A Expenses R&D Expenses
2018-09-30 -1.67 0.80 1.36
2018-06-30 -1.56 0.68 1.33
2018-03-31 -1.27 0.66 0.81
2017-12-31 -1.24 0.66 0.81
2017-09-30 -1.25 0.40 0.64
2017-06-30 -1.15 0.33 0.71
2017-03-31 -1.01 0.36 0.65
2016-12-31 -1.49 0.67 0.56
2016-09-30 -1.97 1.40 0.73
2016-06-30 -1.93 1.54 0.67
2016-03-31 -2.47 1.81 0.76
2015-12-31 -1.79 1.62 0.59
2015-09-30 -0.93 1.40 -0.05
2015-06-30 -1.05 1.48 -0.09
2015-03-31 -1.59 1.57 0.13
2014-12-31 -2.01 1.65 0.61
2014-09-30 -3.52 1.81 1.56
2014-06-30 -4.95 1.90 2.84
2014-03-31 -4.46 1.87 3.43
2013-12-31 -5.67 2.13 4.00
2013-09-30 -5.62 1.99 4.47
2013-06-30 -4.81 1.91 3.69
2013-03-31 -4.67 1.67 3.03
2012-12-31 -3.64 1.43 2.24
2012-09-30 -2.99 1.52 1.47
2012-06-30 -2.72 1.57 1.14

*GAAP earnings excluding extraordinary items.

Performance last year
We want to ensure a company is making the most of what it has available. This is done by comparing the return (profit) to a company's available funds, assets and capital.
  • It is difficult to establish if iCo Therapeutics has efficiently used shareholders’ funds last year (Return on Equity greater than 20%) due to its liabilities exceeding its assets.
  • It is difficult to establish if iCo Therapeutics has efficiently used its assets last year compared to the Europe Biotechs industry average (Return on Assets) as it is loss-making.
  • It is difficult to establish if iCo Therapeutics improved its use of capital last year versus 3 years ago (Return on Capital Employed) due to its liabilities exceeding its assets.
X
Past performance checks
We assess iCo Therapeutics's performance over the past 5 years by checking for:
  1. Has earnings increased in past 5 years? (1 check)
  2. Has the earnings growth in the last year exceeded that of the Biotechs industry? (1 check)
  3. Is the recent earnings growth over the last year higher than the average annual growth over the past 5 years? (1 check)
  4. Is the Return on Equity (ROE) higher than 20%? (1 check)
  5. Is the Return on Assets (ROA) above industry average? (1 check)
  6. Has the Return on Capital Employed (ROCE) increased from 3 years ago? (1 check)
The above checks will fail if the company has reported a loss in the most recent earnings report. Some checks require at least 3 or 5 years worth of data.
iCo Therapeutics has a total score of 0/6, see the detailed checks below.

Note: We use GAAP Net Income excluding extraordinary items in all our calculations.

Full details on the Past part of the Simply Wall St company analysis model.

Health

 How is iCo Therapeutics's financial health and their level of debt?

A company's financial position is much like your own financial position, it includes everything you own (assets) and owe (liabilities).

The boxes below represent the relative size of what makes up iCo Therapeutics's finances.

The net worth of a company is the difference between its assets and liabilities.
Net Worth
  • iCo Therapeutics's short term (1 year) commitments are greater than its holdings of cash and other short term assets.
  • iCo Therapeutics has no long term commitments.
Balance sheet
This treemap shows a more detailed breakdown of iCo Therapeutics's finances. If any of them are yellow this indicates they may be out of proportion and red means they relate to one of the checks below.
Assets
Liabilities and shares
The 'shares' portion represents any funds contributed by the owners (shareholders) and any profits.
  • Low level of unsold assets.
  • iCo Therapeutics has negative shareholder equity (liabilities exceed assets) therefore debt is not covered by short term assets.
Historical Debt
Nearly all companies have debt. Debt in itself isn’t bad, however if the debt is too high, or the company can’t afford to pay the interest on its debts this may have impacts in the future.

The graphic below shows equity (available funds) and debt, we ideally want to see the red area (debt) decreasing.

If there is any debt we look at the companies capability to repay it, and whether the level has increased over the past 5 years.
Raw Data

All data from iCo Therapeutics Company Filings, last reported 6 months ago.

DB:0IT Past Debt and Equity Data
Date (Data in CAD Millions) Total Equity Total Debt Cash & Short Term Investments
2018-09-30 -0.36 0.00 0.14
2018-06-30 0.05 0.00 0.40
2018-03-31 0.67 0.00 0.63
2017-12-31 1.09 0.00 1.13
2017-09-30 1.30 0.00 1.42
2017-06-30 1.61 0.00 1.62
2017-03-31 1.94 0.00 1.92
2016-12-31 2.31 0.00 2.36
2016-09-30 2.54 0.00 2.52
2016-06-30 2.74 0.00 2.73
2016-03-31 2.93 0.00 2.89
2015-12-31 3.78 0.00 3.75
2015-09-30 4.42 0.00 4.34
2015-06-30 4.58 0.00 4.53
2015-03-31 5.32 0.00 6.08
2014-12-31 5.50 0.00 5.71
2014-09-30 6.36 0.00 5.73
2014-06-30 5.97 0.00 6.48
2014-03-31 8.97 0.00 7.24
2013-12-31 1.30 0.00 1.90
2013-09-30 0.96 0.00 3.59
2013-06-30 3.17 0.00 3.20
2013-03-31 1.03 0.00 1.07
2012-12-31 2.05 0.00 1.26
2012-09-30 2.72 0.00 1.79
2012-06-30 1.35 0.00 0.28
  • iCo Therapeutics has negative shareholder equity (liabilities exceed assets), this is a more serious situation compared with a high debt level.
  • Irrelevant to check if iCo Therapeutics's debt level has increased considering it has negative shareholder equity.
CASH RUNWAY ANALYSIS

For companies that have on average been loss making in the past we assess whether they have at least 1 year of cash runway.

  • iCo Therapeutics has less than a year of cash runway based on current free cash flow.
  • iCo Therapeutics has less than a year of cash runway if free cash flow continues to reduce at historical rates of -41.6% each year.
X
Financial health checks
We assess iCo Therapeutics's financial health by checking for:
  1. Are short term assets greater than short term liabilities? (1 check)
  2. Are short term assets greater than long term liabilities? (1 check)
  3. Has the debt to equity ratio increased in the past 5 years? (1 check)
  4. Is the debt to equity ratio over 40%? (1 check)
  5. Is the debt covered by operating cash flow? (1 check)
  6. Are earnings greater than 5x the interest on debt (if company pays interest at all)? (1 check)
  7. iCo Therapeutics has a total score of 1/6, see the detailed checks below.
For companies that are loss making and have been so on average in the past we replace the last 2 checks with:
  1. Does cash and short term investments cover stable operating expenses (recurring G&A and R&D) for more than 3 years? (1 check)
  2. Does cash and short term investments cover growing operating expenses (recurring G&A and R&D) for more than 3 years? (1 check)


Full details on the Health part of the Simply Wall St company analysis model.

Dividends

 What is iCo Therapeutics's current dividend yield, its reliability and sustainability?

Dividends are regular cash payments to you from the company, similar to a bank paying you interest on a savings account.
Annual Dividend Income
Dividend payments
0%
Current annual income from iCo Therapeutics dividends.
If you bought €2,000 of iCo Therapeutics shares you are expected to receive €0 in your first year as a dividend.
Dividend Amount
Here we look how much dividend is being paid, if any. Is it above what you can get in a savings account? It is up there with the best dividend paying companies?
  • Unable to evaluate iCo Therapeutics's dividend yield against the bottom 25% of dividend payers as the company has not reported any payouts.
  • Unable to evaluate iCo Therapeutics's dividend against the top 25% market benchmark as the company has not reported any payouts.
Annualized Historical and Future Dividends
It is important to see if the dividend for a company is stable, and not wildly increasing/decreasing each year. This graph shows you the historical rate to count toward your assessment of the stock.

We also check to see if the dividend has increased in the past 10 years.
Raw Data
DB:0IT Annualized Past and Future Dividends
Data Point Source Value
Past Annualized Dividend Yield S&P Global Market Data See Below
Past Dividends per Share Company Filings/ Annualized Dividend Payments See Below
Future Dividends per Share Estimates Average of up to 0 Analyst Estimates (S&P Global) See Below
Europe Biotechs Industry Average Dividend Yield Market Cap Weighted Average of 9 Stocks 0.9%
Germany Market Average Dividend Yield Market Cap Weighted Average of 325 Stocks 3%
Germany Minimum Threshold Dividend Yield 10th Percentile 0.8%
Germany Bottom 25% Dividend Yield 25th Percentile 1.4%
Germany Top 25% Dividend Yield 75th Percentile 3.7%

Industry and Market average data is calculated daily.

Note all dividend per share amounts are annualized and not quarterly or other period.

Learn more about our ratios and growth rates in Simply Wall St’s analysis model >

  • Unable to perform a dividend volatility check as iCo Therapeutics has not reported any payouts.
  • Unable to verify if iCo Therapeutics's dividend has been increasing as the company has not reported any payouts.
Current Payout to shareholders
What portion of iCo Therapeutics's earnings are paid to the shareholders as a dividend.
  • Unable to calculate sustainability of dividends as iCo Therapeutics has not reported any payouts.
Future Payout to shareholders
  • Insufficient estimate data to determine if a dividend will be paid in 3 years and that it will be sustainable.
X
Income/ dividend checks
We assess iCo Therapeutics's dividend by checking for:
  1. Firstly is the company paying a notable dividend (greater than 0.8%) - if not then the rest of the checks are ignored.
  2. Is current dividend yield above the bottom 25% of dividend payers? (1 check)
  3. Is current dividend yield above the top 25% of dividend payers? (1 check)
  4. Have they paid a dividend for 10 years, and during this period has the dividend been volatile (drop of more than 25%)? (1 check)
  5. If they have paid a dividend for 10 years has it increased in this time? (1 check)
  6. How sustainable is the dividend, can iCo Therapeutics afford to pay it from its earnings today and in 3 years (Payout ratio less than 90%)? (2 checks)
  7. iCo Therapeutics has a total score of 0/6, see the detailed checks below.


Full details on the Dividends part of the Simply Wall St company analysis model.

Management

 What is the CEO of iCo Therapeutics's salary, the management and board of directors tenure and is there insider trading?

Management is one of the most important areas of a company. We look at unreasonable CEO compensation, how long the team and board of directors have been around for and insider trading.
CEO
Andrew Rae
COMPENSATION CA$195,300
AGE 51
TENURE AS CEO 14.2 years
CEO Bio

Mr. Andrew J. Rae, BSc, MBA, Co-founded ICo Therapeutics Inc. in 2005 and serves as its Chief Executive Officer and President since February 2005. Mr. Rae serves as a Consultant to Ventures West Management. He has a decade of experience in the biotechnology field. He served as the Chief Financial Officer of Ability Biomedical Corp. of Irvine, California and Vancouver, British Columbia and as its Chief Executive Officer since February 2005. He served as Vice-President of Finance and Corporate Affairs at Active Pass Pharmaceuticals Inc. of Vancouver, British Columbia. He served as a Biotechnology Equities Analyst for Goepel Shields and Partners (now Raymond James Ltd., Research Division), covering Canadian biotechnology stocks including Angiotech Pharmaceuticals, Inc., QLT Inc. and ID Biomedical Corporation. He raised approximately $20,000,000 in venture finance, engaged in a successful cross border M&A transaction and played a significant role in shaping multiple business development deals. He has been Director of Ico Therapeutics Inc. since February 15, 2005. He served as a Director of Carrus Capital Corporation (formerly BioWest Therapeutics Inc) from February 1, 2010 to November 7, 2012. He served as a Director of Liponex Inc., since 2006 until August 15, 2007. Mr. Rae serves on Dean's External Advisory Board for the Faculty of Business Administration at Simon Fraser University and the Board of Directors of Covenant House Vancouver. He served as a Director of Migenix Inc. (now Metro Vancouver Properties Corp.) since August 11, 2008. He holds a B.Sc. Degree from University of Western Ontario and an MBA degree from Simon Fraser University.

CEO Compensation
  • Andrew's compensation has been consistent with company performance over the past year.
  • Andrew's remuneration is lower than average for companies of similar size in Germany.
Management Team Tenure

Average tenure and age of the iCo Therapeutics management team in years:

12.8
Average Tenure
58
Average Age
  • The average tenure for the iCo Therapeutics management team is over 5 years, this suggests they are a seasoned and experienced team.
Management Team

Andrew Rae

TITLE
Co-Founder
COMPENSATION
CA$195K
AGE
51
TENURE
14.2 yrs

Mike Liggett

TITLE
CFO, Corporate Secretary & Director
COMPENSATION
CA$58K
AGE
58
TENURE
2.7 yrs

Peter Hnik

TITLE
Chief Medical Officer
COMPENSATION
CA$200K
AGE
62
TENURE
12.8 yrs
Board of Directors Tenure

Average tenure and age of the iCo Therapeutics board of directors in years:

13
Average Tenure
60
Average Age
  • The average tenure for the iCo Therapeutics board of directors is over 10 years, this suggests they are a seasoned and experienced board.
Board of Directors

William Jarosz

TITLE
Chairman of the Board
AGE
62
TENURE
10.8 yrs

Andrew Rae

TITLE
Co-Founder
COMPENSATION
CA$195K
AGE
51
TENURE
14.2 yrs

Mike Liggett

TITLE
CFO, Corporate Secretary & Director
COMPENSATION
CA$58K
AGE
58
TENURE
2.3 yrs

Don Buell

TITLE
Chairman of the Scientific Advisory Board

Julia Levy

TITLE
Member of the Strategic Advisory Board
AGE
83
TENURE
13.4 yrs

Richard Glickman

TITLE
Member of the Strategic Advisory Board
AGE
60
TENURE
13.4 yrs

Alan Bird

TITLE
Member of the Clinical Advisory Board
TENURE
13.1 yrs

Phil Rosenfeld

TITLE
Member of Clinical Advisory Board
TENURE
12.8 yrs

Jason Slakter

TITLE
Member of Clinical Advisory Board
AGE
60

David Boyer

TITLE
Member of the Clinical Advisory Board
TENURE
12.5 yrs
Who owns this company?
Recent Insider Trading
  • No 3 month insider trading information.
Recent Insider Transactions
Announced Type Name Entity Role Start End Shares Max Price (€) Value (€)
23. May 18 Buy Andrew Rae Individual 18. May 18 23. May 18 1,200,000 €0.02 €27,949
X
Management checks
We assess iCo Therapeutics's management by checking for:
  1. Is the CEO's compensation unreasonable compared to market cap? (1 check)
  2. Has the CEO's compensation increased more than 20% whilst the EPS is down more then 20%? (1 check)
  3. Is the average tenure of the management team less than 2 years? (1 check)
  4. Is the average tenure of the board of directors team less than 3 years? (1 check)
  5. iCo Therapeutics has a total score of 0/6, this is not included on the snowflake, see the detailed checks below.


Note: We use the top 6 management executives and board members in our calculations.

Note 2: Insider trading include any internal stakeholders and these transactions .

Full details on the Management part of the Simply Wall St company analysis model.

News

Simply Wall St News

Company Info

Description

iCo Therapeutics Inc., a biotechnology company, focuses on the identification, development, and commercialization of drug candidates to treat sight and life threatening diseases. Its in-licensed product candidates include iCo-008, a human monoclonal antibody, which is in Phase II clinical trial to treat sight threatening ocular allergies and various systemic disease indications; and Oral AmpB Delivery System that is in pre-clinical stage used for the treatment of systemic fungal infections. The company was founded in 2005 and is headquartered in Vancouver, Canada.

Details
Name: iCo Therapeutics Inc.
0IT
Exchange: DB
Founded: 2005
CA$6,541,763
109,457,713
Website: http://www.icotherapeutics.com
Address: iCo Therapeutics Inc.
777 Hornby Street,
6th Floor,
Vancouver,
British Columbia, V6Z 1S4,
Canada
Listings
Exchange Symbol Ticker Symbol Security Exchange Country Currency Listed on
TSXV ICO Common Shares TSX Venture Exchange CA CAD 02. Jan 2008
OTCPK ICOT.F Common Shares Pink Sheets LLC US USD 02. Jan 2008
DB 0IT Common Shares Deutsche Boerse AG DE EUR 02. Jan 2008
Number of employees
Current staff
Staff numbers
0
iCo Therapeutics employees.
Industry
Biotechnology
Pharmaceuticals & Biotech
Company Analysis and Financial Data Status
Area Date (UTC time)
Company Analysis updated: 2019/04/19 21:52
End of day share price update: 2019/04/18 00:00
Last earnings filing: 2018/11/29
Last earnings reported: 2018/09/30
Last annual earnings reported: 2017/12/31


All dates and times in UTC. All financial data provided by Standard & Poor’s Capital IQ.

Unless specified all financial data is based on a yearly period but updated quarterly. This is known as Trailing Twelve Month (TTM) or Last Twelve Month (LTM) Data. Learn more here.