Health Care & Biotechnology Sector Profile

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Dec 1, 2012 (4 years and 6 months ago)

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Health Care & Biotechnology
Sector Profile
Recent IPOs
ASX COMPANY SECTOR* LISTING CAPITAL MARKET LEAD
CODE NAME DATE RAISED ($M) CAPITALISATION MANAGER/S

ON LISTING ($M)
CBZ CBIO Limited Biotechnology Feb-2010 $7.0 $60.5 Novus Capital
PVT Provet Holdings Pharmaceuticals Mar-2010 $1.6 $58.8 RBS
RVA Reva Medical, Inc Medical Supplies Dec-2010 $85.0 $335.3 Inteq Limited
BNC Bioniche Life Sciences Inc. Biotechnology Jan-2011 $12.5 $12.5 Taylor Collison
GID GI Dynamics, Inc Biotechnology Sep-2011 $80.3 $304.7 Inteq Limited
OSP Osprey Medical Inc Medical Equipment May-2012 $20.0 $39.7 Shaw Corporate Finance
* Source: Bloomberg
Overview
The listed Health Care sector represents a diverse range of companies including major Australian success stories in
pharmaceuticals, biotechnology, medical practice and pathology operators, as well as junior life sciences and medical
device companies. The large cap end of the spectrum features well-known names such as CSL, Resmed, Cochlear
and Ansell, as well as health care operators such as Sonic, Primary and Ramsay. The smaller cap end of the sector
largely consists of junior biotechnology and medical device companies in various stages of research, development and
commercialisation as well as suppliers to the health care industry.
Reasons to list Health Care & Biotechnology companies on ASX:

Access to capital:
– A global market with a wide range of institutional and retail investors
– Australia has the world’s third largest pool of investment fund assets*

Visibility: with investors, customers and business partners

Peer Group: list alongside key industry players

Opportunities for SMEs: a broad service offering for early stage and mature companies
* Source: Investment Company Institute, Q1 2012
S&P/ASX200 vs Health Care Indices
Index Level
S&P/ASX 300 Health Care S&P/ASX 200 S&P/ASX 300 Pharmaceuticals & Biotechnology Source: IRESS
Jan 2005
Jul 2005
Jan 2006
Jul 2006
Jan 2007
Jul 2007
Jan 2008
Jul 2008
Jan 2009
Jul 2009
Jan 2010
Jul 2010
Jan 2011
Jul 2011
Jan 2012
Jul 2012

50
100
150
200
250
300
350
Health Care & Biotechnology
Fact Sheet
Top 100 Companies^
ASX COMPANY MARKET SECTOR
#
COUNTRY OF

CODE NAME CAPITALISATION INCORPORATION

($M)*
CSL CSL LIMITED $23,243.1 Pharmaceuticals Australia
RMD RESMED INC $5,991.5 Medical Equipment USA
SHL SONIC HEALTHCARE LIMITED $5,320.4 Health Care Providers Australia
RHC RAMSAY HEALTH CARE LIMITED $4,854.0 Health Care Providers Australia
COH COCHLEAR LIMITED $3,825.7 Medical Equipment Australia
ANN ANSELL LIMITED $2,098.5 Medical Supplies Australia
MSB MESOBLAST LIMITED $1,911.7 Biotechnology Australia
PRY PRIMARY HEALTH CARE LIMITED $1,816.2 Health Care Providers Australia
FPH FISHER & PAYKEL HEALTHCARE CORPORATION LIMITED $990.1 Medical Equipment New Zealand
SIP SIGMA PHARMACEUTICALS LIMITED $759.2 Drug Retailers Australia
ACR ACRUX LIMITED $532.8 Pharmaceuticals Australia
SRX SIRTEX MEDICAL LIMITED $529.8 Medical Supplies Australia
SPL STARPHARMA HOLDINGS LIMITED $425.3 Pharmaceuticals Australia
PXS PHARMAXIS LTD $357.2 Pharmaceuticals Australia
API AUSTRALIAN PHARMACEUTICAL INDUSTRIES LIMITED $209.9 Drug Retailers Australia
RVA REVA MEDICAL, INC $209.6 Medical Supplies USA
PRR PRIMA BIOMED LTD $207.9 Biotechnology Australia
GID GI DYNAMICS, INC $180.8 Biotechnology USA
ACL ALCHEMIA LIMITED $145.9 Biotechnology Australia
UBI UNIVERSAL BIOSENSORS INC. $136.8 Medical Equipment USA
BNO BIONOMICS LIMITED $136.7 Biotechnology Australia
NAN NANOSONICS LIMITED $127.9 Speciality Chemicals Australia
ONT 1300 SMILES LIMITED $127.9 Health Care Providers Australia
POH PHOSPHAGENICS LIMITED $127.5 Food Products Australia
BTA BIOTA HOLDINGS LIMITED $127.0 Pharmaceuticals Australia
UNS UNILIFE CORPORATION $120.4 Medical Supplies USA
QRX QRXPHARMA LTD $98.3 Biotechnology Australia
GXL GREENCROSS LIMITED $94.2 Specialised Consumer Services Australia
CLV CLOVER CORPORATION LIMITED $88.4 Food Products Australia
HIN HEARTWARE INTERNATIONAL, INC $85.7 Medical Equipment USA
MVP MEDICAL DEVELOPMENTS INTERNATIONAL LIMITED $69.6 Pharmaceuticals Australia
PBT PRANA BIOTECHNOLOGY LIMITED $69.0 Biotechnology Australia
TIS TISSUE THERAPIES LIMITED $68.1 Biotechnology Australia
MYX MAYNE PHARMA GROUP LIMITED $56.3 Pharmaceuticals Australia
CUV CLINUVEL PHARMACEUTICALS LIMITED $54.4 Pharmaceuticals Australia
GTG GENETIC TECHNOLOGIES LIMITED $51.1 Biotechnology Australia
PME PRO MEDICUS LIMITED $50.1 Software Australia
ADO ANTEO DIAGNOSTICS LIMITED $45.2 Biotechnology Australia
AVH AVITA MEDICAL LTD $36.4 Medical Supplies Australia
VEI VISION EYE INSTITUTE LIMITED $34.0 Health Care Providers Australia
SOM SOMNOMED LIMITED $33.8 Medical Equipment Australia
OSP OSPREY MEDICAL INC $32.8 Medical Equipment USA
NEU NEUREN PHARMACEUTICALS LIMITED $31.9 Biotechnology New Zealand
IPD IMPEDIMED LIMITED $30.8 Medical Equipment Australia
CGS COGSTATE LTD $28.7 Health Care Providers Australia
SDI SDI LIMITED $28.5 Medical Supplies Australia
ANP ANTISENSE THERAPEUTICS LIMITED $27.3 Pharmaceuticals Australia
VSC VITA LIFE SCIENCES LIMITED. $24.0 Food Products Australia
CAJ CAPITOL HEALTH LIMITED $23.4 Health Care Providers Australia
BRC BRAIN RESOURCE LIMITED $22.9 Health Care Providers Australia
PHG PULSE HEALTH LIMITED $22.8 Health Care Providers Australia
SHC SUNSHINE HEART, INC. $22.5 Medical Equipment USA
IVX INVION LIMITED $21.9 Biotechnology Australia
EMS EASTLAND MEDICAL SYSTEMS LTD $20.8 Medical Supplies Australia
BIT BIOTRON LIMITED $20.5 Biotechnology Australia
ITD ITL LIMITED $20.2 Medical Supplies Australia
VLA VIRALYTICS LIMITED $20.0 Biotechnology Australia
PAB PATRYS LIMITED $19.3 Pharmaceuticals Australia
AHZ ALLIED HEALTHCARE GROUP LTD $18.4 Medical Supplies Australia
PBP PROBIOTEC LIMITED $18.3 Pharmaceuticals Australia
LCT LIVING CELL TECHNOLOGIES LIMITED $18.2 Biotechnology Australia
CIR CIRCADIAN TECHNOLOGIES LIMITED $17.5 Biotechnology Australia
AJJ ASIAN CENTRE FOR LIVER DISEASES $17.0 Health Care Providers Australia

AND TRANSPLANTATION LIMITED
AVX AVEXA LIMITED $17.0 Biotechnology Australia
OBJ OBJ LIMITED $16.2 Pharmaceuticals Australia
CZD CALZADA LIMITED $15.9 Biotechnology Australia
BLT BENITEC BIOPHARMA LIMITED $15.5 Biotechnology Australia
PVA PSIVIDA CORP. $15.2 Biotechnology USA
ELX ELLEX MEDICAL LASERS LIMITED $14.9 Medical Equipment Australia
OIL OPTISCAN IMAGING LIMITED $14.3 Medical Equipment Australia
CTE CRYOSITE LIMITED $13.5 Medical Supplies Australia
SLA SOLAGRAN LIMITED $13.4 Pharmaceuticals Australia
PYC PHYLOGICA LIMITED $13.4 Biotechnology Australia
CGP CONSEGNA GROUP LIMITED $13.2 Pharmaceuticals Australia
CMP COMPUMEDICS LIMITED $12.3 Medical Equipment Australia
ALT ANALYTICA LIMITED $11.8 Medical Supplies Australia
GBI GENERA BIOSYSTEMS LIMITED $11.3 Biotechnology Australia
UCM USCOM LIMITED $9.9 Medical Equipment Australia
IDT IDT AUSTRALIA LIMITED $9.7 Pharmaceuticals Australia
ACG ATCOR MEDICAL HOLDINGS LIMITED $9.0 Medical Equipment Australia
CYC CYCLOPHARM LIMITED $8.9 Medical Equipment Australia
CBB CORDLIFE LIMITED $8.8 Health Care Providers Australia
ISN ISONEA LIMITED $8.7 Medical Equipment Australia
CDY CELLMID LIMITED $8.2 Biotechnology Australia
NRT NOVOGEN LIMITED $7.5 Pharmaceuticals Australia
IMC IMMURON LIMITED $7.0 Pharmaceuticals Australia
PGC PARAGON CARE LIMITED $6.5 Medical Equipment Australia
PGL PROGEN PHARMACEUTICALS LIMITED $6.4 Biotechnology Australia
NSP NUSEP HOLDINGS LTD $6.3 Medical Supplies Australia
BDM BIODIEM LIMITED $6.3 Biotechnology Australia
MLA MEDICAL AUSTRALIA LIMITED $5.4 Medical Supplies Australia
LBT LBT INNOVATIONS LIMITED $5.0 Medical Equipment Australia
AMT ADVANCED SURGICAL DESIGN & MANUFACTURE LIMITED $4.8 Medical Equipment Australia
MDG MEDTECH GLOBAL LIMITED $4.5 Software Australia
PNO PHARMANET GROUP LIMITED $4.5 Pharmaceuticals Australia
STI STIRLING PRODUCTS LIMITED $4.5 Pharmaceuticals Australia
IMU IMUGENE LIMITED $4.1 Biotechnology Australia
BXN BIOXYNE LIMITED $3.9 Biotechnology Australia
KKT KONEKT LIMITED $3.9 Business Support Services Australia
BPO BIOPROSPECT LIMITED $3.7 Biotechnology Australia
^ Ranked by Market Cap as at 30 September 2012. May exclude companies with suspended securities or subject to poor liquidity where market capitalisation cannot be determined
* Ranked by Market Capitalisation at 30 September 2012.
#
Bloomberg
Value Traded – Health Care, $b
Value Traded - Billions
Source: IRESS
Jan 2005
May 2005
Sep 2005
Jan 2006
May 2006
Sep 2006
Jan 2007
May 2007
Sep 2007
Jan 2008
May 2008
Sep 2008
Jan 2009
May 2009
Sep 2009
Jan 2010
May 2010
Sep 2010
Jan 2011
May 2011
Sep 2011
Jan 2012
May 2012
Sep 2012
0
1
2
3
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6
Disclaimer:
This is not intended to be financial product advice. To the extent permitted by law, ASX Limited ABN
98 008 624 691 and its related bodies corporate excludes all liability for any loss or damage arising in any way
including by way of negligence. This document is not a substitute for the Operating Rules of the relevant ASX entity
and in the case of any inconsistency, the Operating Rules prevail.
© Copyright 2012 ASX Limited ABN 98 008 624 691. All rights reserved 2012.
Information line: 131 279 www.asx.com.au
For this product the market is operated by ASX Limited ACN 008 624 691
Selected Secondary Offerings 2012
ASX CODE COMPANY NAME SECTOR* CAPITAL RAISED IN 2012
#
, $M

SHL Sonic Healthcare Limited Health Care Providers $21.7
ANP Antisense Therapeutics Limited Pharmaceuticals $20.5
MSB Mesoblast Limited Biotechnology $19.4
NAN Nanosonics Limited Speciality Chemicals $15.9
FPH Fisher & Paykel Healthcare Corporation Limited Medical Equipment $11.8
CBB Cordlife Limited Health Care Providers $8.7
IPD Impedimed Limited Medical Equipment $8.7
PHG Pulse Health Limited Health Care Providers $8.2
BIT Biotron Limited Biotechnology $8.0
CUV Clinuvel Pharmaceuticals Limited Pharmaceuticals $6.0
* Source: Bloomberg # To 31 August 2012
Pharmaceuticals & Biotechnology Institutional
Investors by Region*
*Number of Investors , S&P/ASX 300 Pharmaceuticals & Biotechnology
Source: Miraqle, September 2012
Australia
25%
North America
25%
UK
15%
Asia
16%
Europe
17%
Rest of the World – 2%
Capital Raised, $million
* To 31 August 2012
Capital Raised, $Millions
Secondary Capital Raised
IPO Capital Raised
0
1,000
2,000
3,000
4,000
5,000
2005
2006
2007
2008
2009
2010
2011
2012*