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KUBOTA PHARMACEUTICAL HOLDINGS CO LTD

No Longer Reporting

The company has not filed an annual or quarterly report since its Q1 FY2017 10-Q, filed May 10, 2017. Its latest SEC filing is a EFFECT from Dec 11, 2017.

The sections below describe the company as of the FY2016 annual report.

What Did They Do?

Developed drug and device candidates for people with eye disorders, plus mobile health tools to monitor retinal disease progression.

How Did They Make Money?

Revenue came from collaboration agreements with Otsuka, with development-work revenue tied to services as they were performed; agreements could also include license fees, research funding, milestone payments, product sales or royalties.

revenue

Who Were Their Customers?

Pharmaceutical companies partnered on drug development; Otsuka was the source of all reported revenue through collaboration agreements.

Did Revenues Turn Into Profits?

No. It lost $34.5M in .

Operating income,
−473% of revenue
▲ +36% (Loss) vs (−$26.6M, −110%)
Net income,
−454% of revenue
▲ +35% (Loss) vs (−$25.5M, −106%)

How Were They Changing?

Since the FY2016 annual report
Latest quarter: Q1 FY2017, the three months to Mar 31, 2017
Revenue
▼ −100%
vs $3.8M in Q1 FY2016
Net income
▼ −31% (Loss)
vs −$12.6M in Q1 FY2016

Shrank. Revenue fell 84% in 4 years, from $46.4M in to $7.6M in , about 36% a year.

Who Did They Compete With?

Competes with Alkeus Pharmaceuticals and Sanofi

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