If you\u2019re looking for a pharma name with solid prospects you should be checking out Canadian company BioSyent (BioSyent Stock Quote, Charts, News, Analysts, Financials TSXV:RX). Portfolio manager Jason Del Vicario of Hillside Wealth Management says their new drug could be a big money-maker. \u201cThis is a company that we\u2019ve owned it since its inception seven years ago\u201d says Del Vicario, speaking on BNN Bloomberg on Wednesday.\u00a0 Mississauga-based specialty pharma company BioSyent focuses on in-licensing or acquiring already-approved drugs and products with proven track records in other jurisdictions for marketing within Canada. The company has a number of drugs and products including FeraMax for the treatment of iron deficiency anemia and rated as the #1 iron supplement by Canadian pharmacists and doctors. But it\u2019s the company\u2019s new product, Combogesic, a combination acetaminophen and ibuprofen tablet, that Del Vicario says could be a game-changer. \u201cThe interesting thing about BioSyent is they have been heavily reliant on the one product which is FeraMax, an iron supplement, and they've been trying to diversify their product shelf. They\u2019ve recently added a new product called Combogesic, which is a combination of ibuprofen and acetaminophen or Advil and Tylenol in one dose,\u201d he said. \u201cI think this is a really interesting product for them, and I think that market is underestimating how this will impact their top line as well as the bottom line,\u201d Del Vicario said. Last month, BioSyent released its second quarter 2021 financials, showing revenue up a huge 53 per cent to $7.3 million compared to last year\u2019s COVID-impacted second quarter. EBITDA climbed 40 per cent to $1.5 million compared to 2020\u2019s Q2. BioSyent said the launch of new brands Tibella and Combogesic had a positive impact on its topline for the quarter but that their overall effect has still been muted by the pandemic and related restrictions on in-person doctor\u2019s visits.\u00a0 \u201cOur established brands, led by FeraMAX, showed strength and resilience through the challenges of COVID-19 resulting in 51 per cent growth in Canadian pharmaceutical sales in Q2 2021 as compared to a nine per cent decline in the year ago period, which was impacted by short-term trade inventory rebalancing coming out of the first wave of COVID-19,\u201d said Ren\u00e9 Goehrum, President and CEO, in an August 25 press release.\u00a0 \u201cWhile our launch brands, Tibella and Combogesic, contributed to growth during the quarter, COVID-19-related access restrictions to healthcare professionals and persistently low patient traffic through the offices of these healthcare professionals have delayed the expected rate of uptake of these two brands,\u201d Goehrum said. \u201cAlthough we are encouraged by the lifting of some COVID-19-related restrictions across Canada, the future impact of COVID-19 on the launch trajectory of these two brands remains uncertain,\u201d he said. \u201cWhile we continued with our planned launch investments in Tibella and Combogesic during the quarter, we delivered a 14 per cent net profit margin and marked our 44th consecutive profitable quarter in Q2 2021.\u201d BioSyent climbed a long way after the early 2020 pandemic pullback. The stock went from about $3.20 to $8.00 before the year was out. But 2021 has been a bit of a bust so far, with the stock currently down nine per cent.\u00a0 But with its current assets, BioSyent should be heading higher, says Del Vicario. \u201cWe find the company quite undervalued. They have very high consistent returns on invested capital and their free cash flow yield \u2014 that is, their free cash flow divided by market cap \u2014 is about six per cent right now. They're buying back shares, they\u2019re founder-run. has done a really good job of running the company,\u201d Del Vicario said. \u201cIt's an under-the-radar type of company.\u201d \u201cWe own it, we like it and we think that it's undervalued at this price,\u201d he said. For a sellside perspective on BioSyent, Raymond James analyst David Novak gave the stock a \u201cMarket Perform\u201d rating after its second quarter report. Even though the $7.3 million in revenue was higher than Novak\u2019s expected $6.7 million, the Q2 EBITDA of $1.5 million was a little under the analyst\u2019s call for $1.8 million. Novak said the quarter showed signs that the pandemic\u2019s impact on BioSyent was lessening but the company may need to boost its stable of products to gain further investor attention. \u201cWhile the company is showing encouraging signs of growth relative to the comparator quarter, longer term portfolio growth could benefit from an increased cadence of business development activity, particularly considering the recent set backs of a number of growth stage assets including the Agguetant System, Cysview and the Cardiovascular portfolio,\u201d Novak wrote in an August 25 report to clients. \u201cThe loss of these assets may very well be offset by recent launches of Tibella and Combogesic. However, with BioSyent's strong balance sheet, we believe further portfolio expansion could help provide the market with increased confidence in long-term growth prospects for the company,\u201d Novak said.