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.

Share price chart

Share chart

Stock data

Market cap.€1858.7m
Last close€70.477
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
Actual6.67.823.6
Relative *9.011.29.0

* % Relative to local index

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Company news

Emergent BioSolutions Strikes Deal With MorphoSys Over Cancer Drug

Wed, 20 Aug 2014 19:18:45 GMT

MorphoSys AG Reports Results for the First Six Months of 2014

Mon, 28 Jul 2014 05:09:55 GMT

Emergent BioSolutions and MorphoSys Sign License Agreement to Co-Develop ...

Tue, 19 Aug 2014 21:22:30 GMT

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

Fri, 22 Aug 2014 06:22:30 GMT

MorphoSys and Emergent BioSolutions Sign License Agreement to Co-Develop ...

Wed, 20 Aug 2014 07:41:15 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 27.9 252.6 780.4
2013A 78.0 14.8 10.7 30.1 234.1 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 28/07/2014

Investment summary

MorphoSys has a broad portfolio of 20 antibodies in clinical studies (Janssen reported impressive Phase IIb psoriasis data for guselkumab in March 2014), 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 had a cash position of €374m on 30 June. A key focus of FY14 is to develop its proprietary pipeline; a discovery collaboration was formed with Temple University in April and further deals are expected.

Last updated on 05/08/2014

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' proprietary pipeline.

Last updated on 05/08/2014

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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