Intra-Cellular Therapies Inc
NASDAQ:ITCI
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Intrinsic Value
The intrinsic value of one ITCI stock under the Base Case scenario is 53.21 USD. Compared to the current market price of 85.69 USD, Intra-Cellular Therapies Inc is Overvalued by 38%.
The Intrinsic Value is calculated as the average of DCF and Relative values:
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Intra-Cellular Therapies Inc
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Fundamental Analysis
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Intra-Cellular Therapies Inc
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Intra-Cellular Therapies Inc. is a biopharmaceutical company at the forefront of developing innovative therapies for neuropsychiatric and neurological disorders. Founded in 2002 and based in New York City, the company focuses on addressing significant unmet medical needs in mental health, a field that has historically seen limited advancements. Its flagship product, Caplyta (lumateperone), is an atypical antipsychotic that has gained traction for its efficacy in treating schizophrenia and, more recently, bipolar depression. The approval of Caplyta by the U.S. FDA in December 2019 marked a significant milestone, positioning Intra-Cellular Therapies as a key player in the mental health space a...
Intra-Cellular Therapies Inc. is a biopharmaceutical company at the forefront of developing innovative therapies for neuropsychiatric and neurological disorders. Founded in 2002 and based in New York City, the company focuses on addressing significant unmet medical needs in mental health, a field that has historically seen limited advancements. Its flagship product, Caplyta (lumateperone), is an atypical antipsychotic that has gained traction for its efficacy in treating schizophrenia and, more recently, bipolar depression. The approval of Caplyta by the U.S. FDA in December 2019 marked a significant milestone, positioning Intra-Cellular Therapies as a key player in the mental health space and enabling it to generate substantial revenue streams while establishing strategic partnerships for further drug development.
As Intra-Cellular Therapies continues to expand its portfolio, the company is actively conducting clinical trials for additional indications beyond schizophrenia and bipolar disorder, targeting conditions like major depressive disorder and autism spectrum disorder. With a robust pipeline and an innovative approach to exploring intracellular signaling pathways, the company's research is poised to unlock new treatment modalities within the neuropsychiatric domain. For investors, Intra-Cellular Therapies presents a compelling opportunity, backed by a dedicated team and growing market demand for effective mental health treatments. Their commitment to changing the landscape of neuropsychiatric care, coupled with an emphasis on scientific research and patient outcomes, makes them a company to watch as they seek to transform lives and expand their influence in the biopharmaceutical arena.
Intra-Cellular Therapies Inc. is a biopharmaceutical company focused on developing and commercializing innovative therapies for neuropsychiatric diseases. As of my last knowledge cutoff in October 2023, the core business segments of Intra-Cellular Therapies generally include:
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Research and Development (R&D): This segment focuses on discovering and developing new drug candidates. The company is particularly interested in treatments for schizophrenia, depression, and other neuropsychiatric disorders. R&D efforts involve pre-clinical studies and clinical trials to evaluate the efficacy and safety of new compounds.
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Commercialization: Following the successful development of drug candidates, the commercialization segment involves the marketing, sales, and distribution of products. Intra-Cellular Therapies has already launched some products, like Caplyta (lumateperone) for the treatment of schizophrenia, which contributes to its revenue stream.
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Regulatory Affairs: Given that Intra-Cellular Therapies operates in the pharmaceutical space, this segment is critical for navigating the complex regulatory environment. This includes ensuring compliance with the U.S. Food and Drug Administration (FDA) and other regulatory bodies throughout the product development process.
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Strategic Partnerships and Collaborations: This segment may involve collaborations with other pharmaceutical companies, academic institutions, or research organizations for co-development of drugs, sharing of expertise, or expanding market reach.
These segments collectively support Intra-Cellular Therapies' mission to innovate within the neuropsychiatric treatment field, providing better therapeutic options for patients while driving the company's growth and profitability. For the most current information regarding their business segments and strategic direction, reviewing their latest financial reports and press releases would be beneficial.
Intra-Cellular Therapies Inc. (ITCI) has several unique competitive advantages that may differentiate it from its rivals in the biopharmaceutical industry, particularly in the field of neuropsychiatric disorders. Here are some key points that highlight its competitive positioning:
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Innovative Drug Development: ITCI focuses on developing novel therapeutics, particularly for central nervous system (CNS) disorders. Their flagship product, Caplyta (lumateperone), offers a unique mechanism of action that differentiates it from traditional antipsychotics, potentially leading to better efficacy and safety profiles.
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Targeted Mechanism of Action: Caplyta acts on multiple neurotransmitter systems, including dopamine and serotonin, which may lead to an improved side effect profile compared to other medications. This targeted approach can provide a compelling selling point to both healthcare providers and patients.
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Strong Clinical Data: ITCI has conducted robust clinical trials that demonstrate the safety and efficacy of its drugs. Positive results from these trials can enhance the company’s credibility and market positioning, giving it an edge over competitors with less comprehensive data.
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Niche Focus on CNS Disorders: By concentrating on neuropsychiatric disorders, ITCI can harness specialized knowledge and expertise that may be more difficult for larger, more diversified companies to replicate. This niche focus allows for targeted marketing strategies and investor appeal.
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Regulatory Milestones: Successful navigation through regulatory approvals can provide a competitive advantage. ITCI received FDA approval for Caplyta, which can lead to accelerated pathways for subsequent drugs in development or for use in other indications.
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Strategic Partnerships: Collaborations with academic institutions, research organizations, or larger pharmaceutical companies can enhance R&D capabilities and decrease time to market for new therapies, strengthening its competitive position.
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Intellectual Property: Strong patent protection around its drug candidates and novel therapies can prevent competitors from easily copying their innovations, offering ITCI a longer runway to capitalize on its research and development efforts.
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Market Need: There is a significant unmet need for effective treatments for CNS disorders, including schizophrenia and mood disorders. ITCI’s focus on this market positions it well to capture share and demonstrate meaningful patient outcomes.
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Experienced Management Team: A seasoned leadership team with a proven track record in drug development and commercialization can enhance ITCI's ability to successfully navigate market challenges and leverage growth opportunities.
By effectively leveraging these unique competitive advantages, Intra-Cellular Therapies can enhance its market position against rivals in the highly competitive biopharmaceutical industry.
Intra-Cellular Therapies Inc. (ITCI) operates in the biopharmaceutical sector, focusing on innovative treatments for neuropsychiatric diseases. As with any company in this field, ITCI faces several risks and challenges in the near future:
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Regulatory Risks: The biopharmaceutical industry is heavily regulated. ITCI must navigate complex approval processes with agencies like the FDA. Any delays or rejections can impact timelines and financial performance.
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Clinical Trial Risks: The success of their drug candidates depends heavily on the outcomes of clinical trials. Unfavorable trial results can lead to significant setbacks, including loss of investor confidence and wasted capital.
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Market Competition: The industry is characterized by intense competition. ITCI faces threats from both established pharmaceutical companies and emerging biotech firms, which could affect market share and pricing power.
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Financial Stability: As a company primarily relying on investment and funding for research and development (R&D), ITCI must manage its financial resources effectively. Insufficient funding or poorly executed capital raises can limit its ability to grow.
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Product Commercialization: Successfully transitioning from a development stage to market entry involves several challenges, including scaling production, marketing, and physician outreach. Poor execution can hinder product uptake and revenues.
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Market Acceptance: Even if products are approved, market acceptance can be influenced by physician and patient perceptions, insurance coverage, and competition from alternative therapies.
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Intellectual Property Risks: ITCI's success depends on its IP portfolio. If patents are challenged or invalidated, this could lead to increased competition and affect revenue streams.
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Economic Factors: Changes in the economic landscape, including inflation or recession, can impact healthcare budgets, patient access, and overall market dynamics.
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Public Perception and Reputation: Reputation plays a crucial role in the pharmaceutical industry. Any negative publicity, whether related to drug safety, clinical trial conduct, or business ethics, can adversely affect the company's standing.
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Dependence on Key Personnel: The success of ITCI heavily relies on its management team and key scientific personnel. Loss of critical staff could disrupt operations and development timelines.
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Technological Advances: Rapid advancements in technology and treatment approaches, including genomics and personalized medicine, could render ITCI’s products less relevant if they fail to innovate accordingly.
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Supply Chain Risks: Disruptions in the supply chain for raw materials needed for drug production due to geopolitical tensions, pandemics, or other crises could impact operational capabilities.
Addressing these risks requires a comprehensive risk management strategy and an adaptable business model, as the landscape for biotech companies often changes rapidly.
Revenue & Expenses Breakdown
Intra-Cellular Therapies Inc
Balance Sheet Decomposition
Intra-Cellular Therapies Inc
Current Assets | 1.3B |
Cash & Short-Term Investments | 1B |
Receivables | 145.6m |
Other Current Assets | 119.6m |
Non-Current Assets | 52.7m |
PP&E | 16m |
Other Non-Current Assets | 36.7m |
Current Liabilities | 166.1m |
Accounts Payable | 10.3m |
Accrued Liabilities | 155.8m |
Non-Current Liabilities | 13.5m |
Other Non-Current Liabilities | 13.5m |
Earnings Waterfall
Intra-Cellular Therapies Inc
Revenue
|
613.7m
USD
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Cost of Revenue
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-47.3m
USD
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Gross Profit
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566.5m
USD
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Operating Expenses
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-688.1m
USD
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Operating Income
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-121.6m
USD
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Other Expenses
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35.3m
USD
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Net Income
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-86.4m
USD
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Free Cash Flow Analysis
Intra-Cellular Therapies Inc
USD | |
Free Cash Flow | USD |
In the third quarter, CAPLYTA achieved significant success with net sales of $175.2 million, a 39% increase from the previous year. The product experienced a 38% year-over-year growth in total prescriptions. In light of this performance, the company raised its full year 2024 sales guidance to between $665 million and $685 million. The expansion of the sales force by 150 representatives targets primary care physicians, enhancing the product’s visibility. Additionally, the upcoming potential label expansion to include major depressive disorder represents a significant market opportunity, suggesting CAPLYTA could reach $5 billion in sales over the next decade.
What is Earnings Call?
ITCI Profitability Score
Profitability Due Diligence
Intra-Cellular Therapies Inc's profitability score is 38/100. The higher the profitability score, the more profitable the company is.
Score
Intra-Cellular Therapies Inc's profitability score is 38/100. The higher the profitability score, the more profitable the company is.
ITCI Solvency Score
Solvency Due Diligence
Intra-Cellular Therapies Inc's solvency score is 81/100. The higher the solvency score, the more solvent the company is.
Score
Intra-Cellular Therapies Inc's solvency score is 81/100. The higher the solvency score, the more solvent the company is.
Wall St
Price Targets
ITCI Price Targets Summary
Intra-Cellular Therapies Inc
According to Wall Street analysts, the average 1-year price target for ITCI is 102.29 USD with a low forecast of 77.35 USD and a high forecast of 141.75 USD.
Dividends
Current shareholder yield for ITCI is .
Shareholder yield represents the total return a company provides to its shareholders, calculated as the sum of dividend yield, buyback yield, and debt paydown yield. What is shareholder yield?
Ownership
ITCI Insider Trading
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Profile
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Description
Intra-Cellular Therapies, Inc. operates as a biopharmaceutical company. The company is headquartered in New York City, New York and currently employs 512 full-time employees. The company went IPO on 2014-01-31. The firm is focused on the discovery, clinical development and commercialization of small molecule drugs that address underserved medical needs primarily in neuropsychiatric and neurological disorders by targeting intracellular signaling mechanisms within the central nervous system (CNS). The firm provides CAPLYTA (lumateperone) for the treatment of schizophrenia in adults. The CAPLYTA is a prescription medicine used to treat the depressive episodes in adults with bipolar I or II, that can be taken alone or with lithium or valproate. The firm's pipeline is focused on three platforms: lumateperone and follow-on compounds, a phosphodiesterase 1 (PDE1) inhibitor platform and discovery platform which includes ITI-333 a novel compound with high affinity at serotonin 5-HT2A, dopamine D1 and mu opioid (MOP) receptors. The Company’s subsidiaries are ITI, Inc. (ITI) and ITI Limited.
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IPO
Employees
Officers
The intrinsic value of one ITCI stock under the Base Case scenario is 53.21 USD.
Compared to the current market price of 85.69 USD, Intra-Cellular Therapies Inc is Overvalued by 38%.