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.

Share price chart

Share chart

Stock data

Market cap.US$91m
Last closeUS$1.09
High / Low (52 weeks)US$3.3 / US$1.0
Stock market listingUS
Forecast net cash (US$m)27
Forecast gearing ratio (%)N/A
SectorPharmaceutical & Healthcare

Price performance

Relative *(7.2)(4.3)(20.8)

* % Relative to local index

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Company news

Athersys, Inc. (NASDAQ:ATHX) Analyst Price Target

Tue, 06 Oct 2015 08:48:45 GMT

Company Shares of Athersys, Inc. (NASDAQ:ATHX) Drops by -11.48%

Sun, 04 Oct 2015 18:33:45 GMT

Insider Selling News: Athersys, Inc. (ATHX), Neuralstem, Inc. (CUR ...

Tue, 22 Sep 2015 13:50:58 GMT

ATHERSYS ALERT: National Securities Law Firm Announces Investigation of ...

Fri, 17 Apr 2015 16:18:41 GMT

Company Shares of Athersys, Inc. (NASDAQ:ATHX) Drops by -9.63%

Mon, 28 Sep 2015 07:18:45 GMT

Y/E Dec Revenue (US$m) EBITDA (US$m) PBT (US$m) EPS (c) P/E (x) P/CF (x)
2013A 2.4 (24.8) (24.4) (42.34) N/A N/A
2014A 1.6 (29.3) (28.9) (37.26) N/A N/A
2015E 5.5 (25.4) (25.0) (30.80) N/A N/A
2016E 1.7 (30.1) (29.8) (36.25) N/A N/A

Last updated on 14/09/2015

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, while Chugai has an option to develop the product in Japan ($200m deal struck in March 2015). A Phase II trial with MultiStem in acute myocardial infarction is underway, and a Phase IIa study for acute respiratory distress syndrome (ARDS) will be initiated soon.

Last updated on 29/09/2015

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 29/09/2015

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