LONDON, UK / ACCESSWIRE / November 3, 2017 / SymBio has substantially increased the value of its Treakisym franchise through in-licensing novel bendamustine formulations from Eagle Pharmaceuticals for $12.5m. The new formulations bring a lower cost of goods and 10 years of additional patent protection to help in lifecycle management of the Treakisym franchise. Sales of Treakisym following the approval of two new indications in 2016 have exceeded the company's expectations, leading it to upgrade FY17 sales guidance. Interim data from the global Phase III rigosertib trial could become available during Q417. We value SymBio at $174m, with the enhanced Treakisym portfolio offsetting the suspension of IONSYS development.
Our risk-adjusted valuation is $174m or $3.6/ADR (unchanged). We have revised our forecasts to account for: greater market share and improved profit margins for Treakisym liquid formulations from 2021 onwards, offset by anticipated $13m development costs; risk-adjusted revenues and $18m development costs for the new DLBCL indication; the 23% increase in 2017 Treakisym sales guidance; and suspension of development of the IONSYS pain product.
Click here to view the full report.
All reports published by Edison are available to download free of charge from its website
www.edisoninvestmentresearch.com
About Edison: Edison is an investment research and advisory company, with offices in North America, Europe, the Middle East and AsiaPac. The heart of Edison is our world-renowned equity research platform and deep multi-sector expertise. At Edison Investment Research, our research is widely read by international investors, advisers, and stakeholders. Edison Advisors leverages our core research platform to provide differentiated services including investor relations and strategic consulting.
Edison is authorized and regulated by the Financial Conduct Authority.
Edison is not an adviser or broker-dealer and does not provide investment advice. Edison's reports are not solicitations to buy or sell any securities.
For more information please contact Edison:
Dennis Hulme, +61 (0)2 9258 1161
Maxim Jacobs, +1 646 653 7027
healthcare@edisongroup.com
Learn more at www.edisongroup.com and connect with Edison on:
LinkedIn https://www.linkedin.com/company/edison-investment-research
Twitter www.twitter.com/Edison_Inv_Res
YouTube www.youtube.com/edisonitv
SOURCE: Edison