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.€1886m
Last close€71.51
High / Low (52 weeks)€77.6 / €53.0
Stock market listingDE
Forecast net cash (€m)329.5
Forecast gearing ratio (%)N/A
TeamHealthcare
SectorPharmaceutical & Healthcare

Price performance

%1m3m12m
Actual(7)6.225.4
Relative *1.415.625.5

* % Relative to local index

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Company news

MorphoSys Announces Clinical Milestone in Ophthalmology Program

Mon, 20 Oct 2014 05:26:15 GMT

MorphoSys to Receive Milestone Payment for Guselkumab Phase 3 Program

Wed, 22 Oct 2014 21:56:15 GMT

MorphoSys Receives Research Grant to Develop Novel Therapeutic Antibodies ...

Mon, 15 Sep 2014 05:37:30 GMT

Ad hoc: MorphoSys Updates its 2014 Financial Guidance

Wed, 22 Oct 2014 22:10:21 GMT

MorphoSys AG: Ad hoc: MorphoSys aktualisiert Finanzprognose 2014

Wed, 22 Oct 2014 22:06:16 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 27.9 256.3 791.9
2013A 78.0 14.8 10.7 30.1 237.6 19.4
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 25/09/2014

Investment summary

MorphoSys has a broad portfolio of 20 antibodies in clinical studies, including four 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 signed a co-development agreement in August 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 30/09/2014

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 30/09/2014

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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