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$100.3m
Last closeUS$1.21
High / Low (52 weeks)US$3.3 / US$1.1
Stock market listingUS
Forecast net cash (US$m)20.7
Forecast gearing ratio (%)N/A
TeamHealthcare
SectorPharmaceutical & Healthcare

Price performance

%1m3m12m
Actual(7.6)(58)(32.4)
Relative *(5.7)(57.9)(35.8)

* % Relative to local index

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Company news

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

Fri, 17 Apr 2015 16:18:41 GMT

Company Shares of Athersys, Inc. Rally 5%

Mon, 29 Jun 2015 07:30:00 GMT

Stock Technical Report on Athersys Inc (NASDAQ:ATHX)

Thu, 25 Jun 2015 12:45:00 GMT

Maxim Shines Light on Athersys, Inc. Phase 2 Study of MultiStem(R) Cell Therapy

Mon, 20 Apr 2015 13:12:00 GMT

Can Athersys, Inc. (NASDAQ:ATHX) Surprise Analysts this Quarter?

Wed, 24 Jun 2015 18:45:00 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) (42.3) N/A N/A
2014A 1.6 (29.3) (28.9) (37.3) N/A N/A
2015E 1.9 (29.9) (29.5) (36.2) N/A N/A
2016E 1.7 (31.0) (30.7) (37.2) N/A N/A

Last updated on 26/06/2015

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 showed the treatment to be safe and revealed a potential benefit when dosed <36 hours post stroke (vs 3-5 hours with tPA), although the primary/secondary endpoints were not met. Athersys is assessing net 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 now underway (supported by a $2.8m NIH grant), while a £2m grant from Innovate UK will be used to support a Phase IIa study in H215 for acute respiratory distress syndrome (ARDS). End-Q115 cash was $35.5m, boosted by a $10m upfront fee from Chugai.

Last updated on 29/06/2015

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 29/06/2015

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