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.€1511m
Last close€51.80
High / Low (52 weeks)€53.1 / €34.2
Stock market listingDE
Forecast net cash (€m)167.8
Forecast gearing ratio (%)N/A
TeamHealthcare
SectorPharmaceutical & healthcare

Price performance

%1m3m12m
Actual8.119.546.4
Relative *6.28.213.7

* % Relative to local index

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Company news

Commerzbank AG announced MorphoSys (ETR:MOR), boosting its stock price target ...

Wed, 06 Jul 2016 00:00:00 GMT

MorphoSys AG : MorphoSys Provides Update on Results From Partner's Phase 2b/3 ...

Thu, 21 Apr 2016 06:07:03 GMT

Aptevo Therapeutics Amends Collaboration Agreement with MorphoSys AG for Novel ...

Thu, 15 Dec 2016 18:55:18 GMT

MorphoSys Announces That Its Licensee Janssen Reports Positive Results From A ...

Sat, 01 Oct 2016 10:54:51 GMT

MorphoSys Licensing Partner GSK Starts Phase 2 Study with GSK3196165 (MOR103 ...

Mon, 18 Apr 2016 09:47:02 GMT

Y/E Dec Revenue (€m) EBITDA (€m) PBT (€m) EPS (c) P/E (x) P/CF (x)
2014A 64.0 (1.8) (1.6) (1.3) N/A N/A
2015A 106.2 21.4 22.1 62.8 82.5 N/A
2016E 48.6 (59.5) (58.6) (153.4) N/A N/A
2017E 56.0 (67.4) (66.5) (172.1) N/A N/A

Last updated on 08/12/2016

Investment summary

MorphoSys has a broad portfolio with 110 total programmes, 14 of those proprietary, including programmes for MOR208, MOR202 and MOR209. MOR208 is an Fc-enhanced antibody targeting CD19, which is being developed for DLBCL and CLL, while MOR202 is an anti-CD38 antibody in Phase I/IIa for multiple myeloma. MOR209, an anti-PSMA/CD3 antibody, is in Phase I trials for prostate cancer. Among the partnered programmes, J&J recently released blockbuster data for Guselkumab, an anti-IL-23 antibody, for psoriasis. Bimagrumab, partnered with Novartis, recently failed a Phase IIb/III trial in myositis, although other trials continue.

Last updated on 21/12/2016

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 21/12/2016

Key management

Jens Holstein, CFO
Anke Linnartz, VP & Head of IR and Communications

Company address

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