Mologen AG (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.€105.8m
Last close€3.10
High / Low (52 weeks)€3.8 / €1.2
Stock market listingDE
Forecast net cash (€m)16
Forecast gearing ratio (%)N/A
TeamHealthcare
SectorPharmaceutical & healthcare

Price performance

%1m3m12m
Actual3.638.0(7.9)
Relative *(0.1)31.1(23.8)

* % Relative to local index

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Company news

MOLOGEN AG: Positive Subgroup Results of the Exploratory Phase II IMPULSE ...

Mon, 24 Apr 2017 07:52:30 GMT

MOLOGEN AG: First combination data of TLR9 agonists EnanDIM

Mon, 27 Feb 2017 10:24:25 GMT

MOLOGEN AG: Combination data of TLR9 agonist lefitolimod with checkpoint ...

Mon, 23 Jan 2017 12:30:26 GMT

MOLOGEN AG: Grant to collaboration partner for combination study in HIV with ...

Tue, 10 Jan 2017 16:50:35 GMT

MOLOGEN AG: First patients enrolled in extension phase of the HIV study TEACH

Tue, 28 Jun 2016 08:00:41 GMT

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, which is in four clinical trials. IMPALA is a 540-pt pivotal study in metastatic colorectal cancer (mCRC) maintenance; full enrollment is expected shortly. Recruitment has completed for the 100-patient Phase II trial (IMPULSE) in small-cell lung cancer (SCLC) and initial data is expected in mid-17. Final results in the Phase I TEACH study to treat HIV (the first non-cancer study for MGN1703) are now expected mid-2017. A 60-patient Phase I combination study of lefitolimod with Yervoy in solid tumours is now being conducted by MD Anderson, enrollment has started. Cash of €10.2m as of 30th September 2016 alongside the €21.1m raised through bond and capital increases in Q4 should be sufficient to complete recruitment of IMPALA and reach top-line data from IMPULSE.

Last updated on 04/04/2017

Y/E Dec Revenue (€m) EBITDA (€m) PBT (€m) EPS (c) P/E (x) P/CF (x)
2014A 0.0 (17.0) (17.0) (1.01) N/A N/A
2015A 0.0 (20.4) (20.5) (0.99) N/A N/A
2016E 0.0 (20.8) (20.8) (0.85) N/A N/A
2017E 0.0 (20.6) (20.7) (0.61) N/A N/A

Last updated on 16/03/2017

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 initial OS data from IMPULSE (expected mid-17) may offer fresh financing/partnering opportunities for lefitolimod before then.

Last updated on 04/04/2017

Key management

Dr. Mariola Söhngen, CEO
Walter Miller, CFO
Alfredo Zurlo, Chief medical officer

Company address

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