Mologen (MGN)

Business description

Mologen is a German biotech company developing cancer immunotherapies. The lead product is lefitolimod (MGN1703) for metastatic colorectal cancer maintenance, SCLC and HIV. Development of MGN1601, a therapeutic renal cell vaccine, would be reinitiated on successful out-licensing of lefitolimod.

Stock data

Market cap.€78.9m
Last close€2.27
High / Low (52 weeks)€4.6 / €1.9
Stock market listingDE
Forecast net cash (€m)0.2
Forecast gearing ratio (%)N/A
TeamHealthcare
SectorPharmaceutical & healthcare

Price performance

%1m3m12m
Actual(4.6)(14.3)(34.2)
Relative *1.5(10.2)(37.9)

* % Relative to local index

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Company news

Investment summary

Mologen is developing novel immunotherapies for use in the post-chemo maintenance setting in cancer and for the treatment of infectious diseases. Mologen's efforts are focused on its lead product candidate lefitolimod. IMPALA a 540-pt pivotal study in metastatic colorectal cancer (mCRC) maintenance; recently completed full enrollment. Full data has been presented at ESMO 2017 for the 102-patient Phase II trial (IMPULSE) in small-cell lung cancer (SCLC). Topline results in the Phase I TEACH study to treat HIV (the first non-cancer study for MGN1703) have been announced. A 60-patient Phase I combination study of lefitolimod with Yervoy in solid tumours is now being conducted by MD Anderson, enrollment has started. Gross cash of €9.8m as of 30th September 2017. Mologen have signed a share subscription facility with GCF that will provide additional funding which should be sufficient to fund Mologen into mid 2018. Additionally, a licensing agreement soon to be signed with Chinese iPharma could provide up to €100m in revenue.

Last updated on 02/02/2018

Y/E Dec Revenue (€m) EBITDA (€m) PBT (€m) EPS (c) P/E (x) P/CF (x)
2015A 0.0 (20.4) (20.5) (0.99) N/A N/A
2016A 0.0 (20.6) (20.8) (0.84) N/A N/A
2017E 3.0 (18.0) (18.4) (0.54) N/A N/A
2018E 0.0 (15.5) (15.9) (0.46) N/A N/A

Last updated on 12/12/2017

Latest video

Executive Interview - Mologen

Industry outlook

Results for IMPALA are expected in 2018/19. Final overall survival (OS) data from IMPACT (Phase II in mCRC) and IMPULSE may offer fresh financing/partnering opportunities for lefitolimod before then.

Last updated on 02/02/2018

Key management

Dr. Mariola Söhngen, CEO
Walter Miller, CFO
Dr Matthias Baumann, Chief medical officer

Company address

Fabeckstr. 30
14195 Berlin
Germany
+49 (0)30 - 84 17 88 - 0
View website