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$96.6m
Last closeUS$1.16
High / Low (52 weeks)US$3.3 / US$1.0
Stock market listingUS
Forecast net cash (US$m)22.3
Forecast gearing ratio (%)N/A
TeamHealthcare
SectorPharmaceutical & Healthcare

Price performance

%1m3m12m
Actual(7.2)17.8(42.9)
Relative *(3.8)33.4(36.6)

* % Relative to local index

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Company news

Analysts Weigh In On Two Volatile Healthcare Stocks: Athersys, Inc. (ATHX ...

Fri, 08 Jan 2016 18:22:30 GMT

Athersys, Inc. (ATHX) Shares Up 33% On Announcement of MultiStem Stroke ...

Fri, 08 Jan 2016 14:26:15 GMT

Company Update (NASDAQ:ATHX): Athersys, Inc. Updates on Development Strategy ...

Wed, 21 Oct 2015 12:12:59 GMT

Is Athersys, Inc. a Sell? The Stock Formed Bearish H&S Chart Pattern

Wed, 03 Feb 2016 17:51:36 GMT

WBB Securities Reaffirms "Buy" Rating for Athersys, Inc. (ATHX)

Sun, 10 Jan 2016 12:45:00 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 1.7 (28.4) (28.0) (34.38) N/A N/A
2016E 4.2 (26.8) (26.5) (31.22) N/A N/A

Last updated on 14/12/2015

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 and is in partnership talks. A Phase II trial with MultiStem in acute myocardial infarction is underway with data expected in H216, and a Phase IIa study for acute respiratory distress syndrome (ARDS) will be initiated soon.

Last updated on 05/01/2016

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 05/01/2016

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