Addex Therapeutics (ADXN)

Business description

Addex Therapeutics is a Swiss biotech company with a leading position in the identification of allosteric modulators with activity in CNS, inflammatory and metabolic disease. Its pipeline includes two Phase II compounds, with one partnered with J&J.

Targeting deals and data in 2013

Update | Pharmaceutical & healthcare | 04/12/2012

Buoyed by its recent fund-raising and pipeline progress, Addex is entering a critical period in which it hopes to secure a partnership for its lead programme, dipraglurant, for PD-LID and other CNS indications. Encouraging Phase II results for lead partnered drug, JNJ-40411813, being advanced for the treatment of negative symptoms in schizophrenia, raise the prospect of further positive clinical data in 2013 and/or initiation of new clinical studies by J&J. Addex’s internal pipeline should also progress in 2013 with the initiation of Phase I trials for ADX71441.

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Stock data

Market cap.CHF32.9m
Last closeCHF2.140
High / Low (52 weeks)CHF2.5 / CHF1.8
Stock market listingSW
Forecast net debt (m)N/A
Forecast gearing ratio (%)N/A
SectorPharmaceutical & healthcare

Price performance

Relative *(4.8)(8.9)(23.3)

* % Relative to local index