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Cipher Pharmaceuticals Inc T.CPH

Alternate Symbol(s):  CPHRF

Cipher Pharmaceuticals Inc. is a Canada-based specialty pharmaceutical company with a diversified portfolio of commercial and early to late-stage products. The Company acquires products that fulfill unmet medical needs, manages the required clinical development and regulatory approval process, and markets those products either directly in Canada or indirectly through partners in Canada, the United States and South America. Its Dermatology products include Actikerall, Epuris, Ozanex and Vaniqa. Its Hospital Acute Care products include Aggrastat and Brinavess. Its Out-Licensed products include Absorica, ConZip and Lipofen. The Company is also focused on building a portfolio of prescription medicines that serve unmet medical needs. The Company's product pipeline development programs including MOB-015, DTR-001, and CF-101. The Company's subsidiaries include Cipher US Holdings Inc., Cipher US Holdco LLC, and Cipher Pharmaceuticals US LLC.


TSX:CPH - Post by User

Post by stockfyon Jan 20, 2021 5:32pm
228 Views
Post# 32340413

Q3: Employees bought at C$1.27 and CPH repurchased at C$1.14

Q3: Employees bought at C$1.27 and CPH repurchased at C$1.14Some emotional short-sighted investors sold dirt-cheap CPH at C$0.85 two days ago while ignoring the company's strong fundamentals and super low key metrics.  

In the meantime, CPH bought back 30,000 shares at C$1.14 in Q3, read its quarterly report: 

"During the period ended September 30, 2020, the Company purchased for cancellation 30,000 common shares at an average price of CDN1.14 per common share."


Additionally, CPH issued 13,000 shares for its employees at C$1.27, facts below:
 
"Share purchase plan: The Company's ESPP allows employees and directors to share in the growth of the Company through share ownership. Through the ESPP, employees and directors may contribute amounts to purchase shares of the Company at a 15% discount from the prevailing trading price. Plan members must hold their shares for a period of at least six months before they can be sold. During the three months ended September 30, 2020, 13,077 shares were issued under the ESPP at weighted average trading price of CDN$1.27 per common share. "
 



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