MorphoSys (MOR)

Business description

MorphoSys is a German biotechnology company that uses its proprietary antibody platforms to produce human antibodies for therapeutic use across a range of indications for partners and to develop its own pipeline.

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Stock data

Market cap.€1859.3m
Last close€70.500
High / Low (52 weeks)€73.7 / €53.0
Stock market listingDE
Forecast net cash (€m)329.5
Forecast gearing ratio (%)N/A
TeamHealthcare
SectorPharmaceutical & Healthcare

Price performance

%1m3m12m
Actual0.74.724.0
Relative *(2.2)9.97.9

* % Relative to local index

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Company news

Emergent BioSolutions Strikes Deal With MorphoSys Over Cancer Drug

Wed, 20 Aug 2014 19:28:15 GMT

Business: Morphosys bags antibody

Sun, 24 Aug 2014 18:46:46 GMT

MorphoSys, Emergent BioSolutions enter pact to co-develop & commercialise ...

Fri, 22 Aug 2014 06:24:40 GMT

Eli Lilly joins list of Enbrel-beaters with head-to-head psoriasis showdown

Thu, 21 Aug 2014 11:48:53 GMT

Fast Moving Stocks: RF Micro Devices Inc. (NASDAQ:RFMD), Emergent ...

Tue, 26 Aug 2014 11:26:15 GMT

Y/E Dec Revenue (€m) EBITDA (€m) PBT (€m) EPS (c) P/E (x) P/CF (x)
2012A 51.9 8.8 7.1 27.9 252.7 780.7
2013A 78.0 14.8 10.7 30.1 234.2 19.1
2014E 61.8 (7.0) (5.4) (10.2) N/A N/A
2015E 62.9 (13.2) (11.6) (26.9) N/A N/A

Last updated on 26/08/2014

Investment summary

MorphoSys has a broad portfolio of 20 antibodies in clinical studies, including three proprietary products with considerable potential. In 2013, two proprietary products, MOR103 and MOR202, were licensed to GSK in a €450m (c $590m) deal for development in all indications globally and to Celgene in an $818m (c €630m) co-development agreement for multiple myeloma and other haematological cancers, respectively. A Phase II study with MOR208 in non-Hodgkin's lymphoma and acute lymphoblastic leukaemia is ongoing, and another in chronic lymphocytic leukaemia (CLL) in combination with lenalidomide has also started. MOR208 recently achieved US and EU orphan status in CLL and small lymphocytic leukaemia (SLL). MorphoSys has just signed a co-development agreement with Emergent BioSolutions for MOR209/ES414, due to enter Phase I for prostate cancer during the next six months. It also formed a discovery collaboration with Temple University in April. MorphoSys had a cash position of €374m on 30 June.

Last updated on 01/09/2014

Industry outlook

The pharmaceutical industry is out-licensing more drug discovery and developing more biological products, both trends that should benefit MorphoSys. Also, there is increasing demand for novel therapies, such as those in MorphoSys's proprietary pipeline.

Last updated on 01/09/2014

Key management

Gerald Moller, Chairman
Simon E. Moroney, CEO
Jens Holstein, CFO

Company address

Lena-Christ-Str. 48
82152 Martinsried/Planegg
Germany
+49 (0)89 / 899 27-0
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