Cipher Pharmaceuticals Inc T.CPH

Adieu

[Northforce13]

I bid you all "adieu" fellow CPH investors, it's been a fantastic fun ride :-)

CPH remains a good stock at a decent price, but no longer a great bargain, so I have taken my winnings off the table and moved on, sold the last bits yesterday.

This was a fantastic play, The SP price growth from the entry point a couple years ago made it the largest portfolio position for a significant amount of time.

For remaining longs, potential catalysts coming down the pipe will be an acquisition, and somewhat further out, 2026... MOB015.  MOB015 took/is taking so long because Moberg is somewhat incompetent (in my opinion).   I might look at CPH again at some point before MOB015 comes out.  

CPH overall business appears to be slowly declining as Epuris loses Canadian market share.  Sharp eyes will notice that when Canadian market share was growing, they cited that figure regularly in their MD&A.  When it stopped growing, that citation mysteriously no longer seemed important for them to mention. 

GLTA

[drewmumaw]

Adieu Monsieur. I’ve appreciated your input over the years on this board. Hopefully, you come back in the future. I agree with your general overview regarding Cipher’s declining business. I continue to hold a position in the event one of the catalysts you mentioned occurs (superb MOB-015 results or a wise acquisition). I don’t want to be kicking myself if something happened in one of those areas