Cantech ... Knight Therapeutics is a $669.67 million specialty pharmaceutical company from Montreal. It focuses on acquiring, in-licensing, out-licensing, marketing, and commercializing innovative prescription pharmaceuticals. Besides the domestic market, the target markets are Latin America and the rest of the world.
Currently, Knight has strategic partners that would help maximize the value of its assets. The company also engages in funding life sciences companies. It earns interest income while strengthening relationships in the life sciences industry. Management is likewise open to investing in life sciences venture capital funds.
Knight’s financials are vastly improving from last year. In Q2 2021, net income increased 87% to $29 million versus Q2 2020. Revenue, adjusted EBITDA, and gross margin growths were 24%, 23%, and 42%. Notably, cash inflow from operations increased 54% over the prior year.
The plan is to keep growing in Canada, Latin America, and the rest of the world. Knight will capitalize on value opportunities internationally for significant business growth. Market analysts see the price climbing from $5.44 to $7.66, or a potential 40.74% appreciation.
https://www.fool.ca/2021/09/09/strong-buy-ratings-2-healthcare-stocks-with-more-than-40-upside/