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.€1035m
Last close€39.01
High / Low (52 weeks)€75.1 / €34.2
Stock market listingDE
Forecast net cash (€m)167.8
Forecast gearing ratio (%)N/A
TeamHealthcare
SectorPharmaceutical & Healthcare

Price performance

%1m3m12m
Actual2.6(11.9)(48)
Relative *1.8(9.9)(40.9)

* % Relative to local index

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Company news

MorphoSys AG Reports Outcome of Annual General Meeting 2016

Thu, 02 Jun 2016 13:27:06 GMT

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

Thu, 26 Mar 2015 16:23:10 GMT

Were Analysts Bearish MorphoSys AG (ETR:MOR) This Week?

Fri, 22 Jul 2016 11:39:03 GMT

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

Mon, 13 Apr 2015 05:36:15 GMT

MorphoSys AG: Announcement of the Convening of the AGM in Munich/Germany on ...

Wed, 20 Apr 2016 13:18:45 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 62.1 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 22/06/2016

Investment summary

MorphoSys has a broad portfolio with 104 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 has now initiated five six Phase III studies with guselkumab in psoriasis, a programme with blockbuster potential. Bimagrumab, partnered with Novartis, recently failed a Phase IIb/III trial in myositis, although other trials, including two additional phase 3 trials in myositis, continue.

Last updated on 06/07/2016

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 06/07/2016

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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