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HLS Therapeutics Inc T.HLS

Alternate Symbol(s):  HLTRF

HLS Therapeutics Inc. is a pharmaceutical company focused on the acquisition and commercialization of late-stage development, commercial stage promoted and established branded pharmaceutical products in the North American markets. It is engaged in addressing unmet needs in the treatment of psychiatric disorders and cardiovascular disease. It is also focused on products targeting the central nervous system and cardiovascular therapeutic areas. Its products include Clozaril, CSAN Pronto, MyCare Psychiatry and Vascepa. Its Clozaril is an atypical antipsychotic indicated for the management of symptoms of treatment-resistant schizophrenia for the Canadian and United States markets. CSAN Pronto is a capillary point-of-care medical device designed to enhance and simplify the mandatory safety blood monitoring process for patients that are prescribed Clozaril. The Vascepa (icosapent ethyl capsules) is a single-molecule prescription product in use to reduce the risk of cardiovascular events.


TSX:HLS - Post by User

Bullboard Posts
Post by StompinTomon Nov 06, 2014 1:01pm
171 Views
Post# 23102618

Early Termination on Lease

Early Termination on LeaseNot sure if it was already noted, but in the 2nd Quarter MD&A, they gave notice they will evacuate the facilities in Oakville by February 28, 2015.  This is a very short turnaround.  They have also recognized all severances due to salaried (notice was given in Q2) and their collective agreement outlines what is owed to the unionized staff. 

They continue to note they are reviewing options but with no staff and no plant, I think I know what they are doing.  I wouldn't be surprised to see them convert more surplus to allow the dividending out of all the cash.  Earnings likely due in the next week, based on last year's time frame.  Trading at a good discount to working capital.
Bullboard Posts