Athersys (ATHX)

Business description

Athersys is a US biotech company developing MultiStem (allogeneic, bone marrow-derived stem cells). A Phase II trial with MultiStem in ischaemic stroke is complete, while further studies in AMI (Phase II) and ARDS (Phase IIa) are planned.

Stock data

Market cap.US$123.1m
Last closeUS$1.44
High / Low (52 weeks)US$2.6 / US$1.1
Stock market listingUS
Forecast net cash (US$m)11
Forecast gearing ratio (%)N/A
TeamHealthcare
SectorPharmaceutical & healthcare

Price performance

%1m3m12m
Actual(11.7)(29.8)24.1
Relative *(11.7)(33.8)1.6

* % Relative to local index

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Company news

Athersys, Inc. (ATHX) Receives Average Recommendation of "Strong Buy" from ...

Thu, 19 Jan 2017 12:44:17 GMT

Athersys Inc. (ATHX) Moves Lower on Volume Spike for December 29

Thu, 29 Dec 2016 22:30:00 GMT

Athersys, Inc. (NASDAQ:ATHX) topped earnings-per-share estimates 66% of the time

Tue, 20 Dec 2016 15:22:30 GMT

Athersys, Inc. (ATHX) Downgraded to Hold at Zacks Investment Research

Tue, 03 Jan 2017 21:58:07 GMT

Analysts Set $6.00 Price Target for Athersys Inc. (ATHX)

Sat, 21 Jan 2017 13:07:08 GMT

Y/E Dec Revenue (US$m) EBITDA (US$m) PBT (US$m) EPS (c) P/E (x) P/CF (x)
2014A 1.6 (29.3) (28.9) (37.26) N/A N/A
2015A 11.9 (17.5) (17.2) (20.93) N/A N/A
2016E 17.2 (15.6) (15.3) (17.86) N/A N/A
2017E 0.0 (34.5) (33.8) (38.92) N/A N/A

Last updated on 02/12/2016

Investment summary

Athersys is developing MultiStem, an allogeneic, bone marrow-derived stem cell product. Results from a 140-patient Phase II study in ischaemic stroke revealed a potential benefit when dosed <36 hours post stroke (vs 3-5 hours with tPA), although the primary/secondary endpoints were not met on an intent-to-treat basis. Athersys recently signed a partnership agreement with Healios in Japan for stroke and other indications. The company has reached an agreement with both the FDA (through an SPA) and the PMDA on the design of the pivotal trials necessary for approval in those regions (a 300-pt trial in the US and a ~200 pt. trial in Japan).

Last updated on 21/12/2016

Industry outlook

MultiStem is an allogeneic (off-the-shelf) product that allows it to be used in both acute and chronic treatment settings, and holds potential to be used across a range of indications. Regenerative medicine is gaining traction and recognition by global regulators (eg accelerated approval pathway in Japan).

Last updated on 21/12/2016

Key management

Gil Van Bokkelen, CEO
William (BJ) Lehmann, President and COO

Company address

3201
Carnegie Avenue
Cleveland
OH 4415-26
United States
+1 216-431-9900
View website