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.

Stock data

Market cap.€963m
Last close€36.30
High / Low (52 weeks)€78.5 / €35.2
Stock market listingDE
Forecast net cash (€m)296.9
Forecast gearing ratio (%)N/A
TeamHealthcare
SectorPharmaceutical & Healthcare

Price performance

%1m3m12m
Actual(25)(36.1)(50.3)
Relative *(15.8)(20.3)(38.9)

* % Relative to local index

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Company news

MorphoSys AG Reports Results for the First Nine Months of 2015

Wed, 04 Nov 2015 06:00:00 GMT

MorphoSys AG Reports Results for the First Six Months of 2015

Mon, 27 Jul 2015 05:05:22 GMT

MorphoSys AG : MorphoSys to Receive Milestone Payment for Guselkumab Program ...

Mon, 13 Apr 2015 05:36:15 GMT

MorphoSys AG : MorphoSys and Celgene Mutually Agree to End MOR202 Collaboration

Thu, 26 Mar 2015 16:23:10 GMT

MorphoSys and G7 Therapeutics Sign Alliance to Develop Innovative Antibody ...

Tue, 04 Aug 2015 05:36:33 GMT

Y/E Dec Revenue (€m) EBITDA (€m) PBT (€m) EPS (c) P/E (x) P/CF (x)
2013A 78.0 18.1 14.0 43.5 83.5 9.8
2014A 64.0 (1.8) (1.6) (1.3) N/A N/A
2015E 104.9 23.7 23.7 74.4 48.8 N/A
2016E 48.5 (72.6) (72.3) (188.0) N/A N/A

Last updated on 17/12/2015

Investment summary

MorphoSys has a broad portfolio with 104 total programmes, 13 of those proprietary, including programmes for MOR208, MOR202 and MOR209. MOR208 is an Fc-enhanced antibody targeting CD19. MorphoSys will begin two Phase II trials of MOR208 in DLBCL and CLL soon, with a pivotal study in DLBCL planned for 2017. MOR202 is an anti-CD38 antibody in Phase I/IIa for multiple myeloma. A Phase I/IIa study of MOR202 in combination with dexamethasone in relapsed or refractory multiple myeloma patients is nearing completion. MOR209, an anti-PSMA/CD3 antibody, is in Phase I trials for prostate cancer. Among the partnered programmes, J&J has now initiated five Phase III studies with guselkumab in psoriasis, a programme with blockbuster potential.

Last updated on 05/01/2016

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 05/01/2016

Key management

Jens Holstein, CFO

Company address

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