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$164.9m
Last closeUS$1.94
High / Low (52 weeks)US$2.6 / US$1.0
Stock market listingUS
Forecast net cash (US$m)9.1
Forecast gearing ratio (%)N/A
SectorPharmaceutical & healthcare

Price performance

Relative *(3)(8.7)75.6

* % Relative to local index

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Company news

Making News: Update on Penny Stock Athersys, Inc. (NASDAQ:ATHX)

Wed, 26 Oct 2016 14:58:58 GMT

Athersys, Inc. (NASDAQ:ATHX) Earns Consensus Buy Rating

Thu, 29 Sep 2016 18:33:45 GMT

Stock Update (NASDAQ:ATHX): Here's Why Athersys, Inc. Shares Are Up 15%

Wed, 28 Sep 2016 13:07:30 GMT

Athersys Inc. (ATHX) Stock Rating Reaffirmed by Maxim Group

Tue, 13 Sep 2016 01:18:04 GMT

Trending: Athersys, Inc. Revenue Is Exploding Higher

Fri, 23 Sep 2016 17:03:45 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 16.5 (16.9) (16.4) (19.18) N/A N/A
2017E 0.0 (34.4) (34.1) (39.46) N/A N/A

Last updated on 28/09/2016

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 is assessing next development steps and recently signed a partnership agreement with Healios in Japan for stroke and other indications. Discussions with the Japanese PMDA on the design for a pivotal trial are ongoing. A Phase II trial with MultiStem in acute myocardial infarction is underway as is a Phase IIa study for acute respiratory distress syndrome (ARDS).

Last updated on 11/10/2016

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 11/10/2016

Key management

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

Company address

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