Bavarian Nordic (BAVA)

Business description

Bavarian Nordic is a Danish biotech focused on developing and manufacturing novel cancer immunotherapies and vaccines for infectious diseases. Its lead products are Prostvac (prostate cancer) and Imvamune (smallpox).

Share price chart

Share chart

Stock data

Market cap.DKK9318m
Last closeDKK336.00
High / Low (52 weeks)DKK369.0 / DKK95.0
Stock market listingOMX
Forecast net cash (DKKm)1058
Forecast gearing ratio (%)N/A
TeamHealthcare
SectorPharmaceutical & Healthcare

Price performance

%1m3m12m
Actual59.272.3257.5
Relative *55.143.4174.8

* % Relative to local index

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Company news

Bavarian Nordic A/S - Notice Convening Ordinary General Meeting

Fri, 27 Mar 2015 07:52:30 GMT

BRIEF-AJ Aamund A/S sells all shares in Bavarian Nordic A/S

Tue, 27 Jan 2015 06:56:15 GMT

Bristol-Myers, Bavarian Nordic Ink Prostate-Cancer Deal

Wed, 04 Mar 2015 11:37:30 GMT

Johnson & Johnson, Bavarian Nordic ink $187M deal for Ebola virus vaccine

Thu, 23 Oct 2014 00:33:45 GMT

Bavarian Nordic Announces Updated Overall Survival Data from Combination ...

Tue, 24 Feb 2015 10:18:45 GMT

Y/E Dec Revenue (DKKm) EBITDA (DKKm) PBT (DKKm) EPS (øre) P/E (x) P/CF (x)
2012A 1017.0 (32.0) (49.0) (92.0) N/A 2.8
2013A 1213.0 181.0 154.0 38.8 8.7 0.5
2014E 1263.0 63.0 83.0 34.0 9.9 0.2
2015E 1052.0 231.0 183.0 62.0 5.4 N/A

Last updated on 24/02/2015

Investment summary

The $187m exclusive global licensing/supply deal for MVA-BN Ebola with J&J secures Bavarian's financial position and provides large pharma validation for the core MVA-BN vaccine platform. Bavarian has now produced 400k doses under the supply agreement for use in clinical trials (a UK Phase I trial has now started; trials in the US and Africa are planned to start imminently) and Bavarian now expects to produce 2m doses (from 1m previously) given positive manufacturing yields. The various licence and supply payments will boost FY15 revenues, easing the company through an anticipated gap in US government Imvamune orders. Recruitment of the targeted 1,200 patients into the ongoing PROSPECT Phase III trial of Prostvac has now been reached.

Last updated on 02/03/2015

Industry outlook

The prostate cancer market is highly dynamic with various newly approved therapies; further Prostvac clinical data will be important in giving further insight into its commercial potential. Imvamune is a non-replicating third-generation smallpox vaccine that does not elicit comparable safety issues to previous generations; future US, European and Canadian orders are expected.

Last updated on 02/03/2015

Key management

Gerard van Odijk, Chairman
Paul Chaplin, CEO
Ole Larsen, CFO
Rolf Sass, IR

Company address

Hejreskovvej 10A
DK-3490 Kvistgaard
Denmark
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