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ASIT Biotech (ASIT)

Business description

ASIT biotech is a clinical-stage company focused on developing therapies for allergies. It uses its proprietary ASIT+ technology platform to develop products containing highly purified allergen fragments in an adjuvant-free formulation, selected to be safe while maintaining the capacity to stimulate the immune system.

Stock data

Market cap.€32.8m
Last close€1.78
High / Low (52 weeks)€5.7 / €1.8
Stock market listingEU
Forecast net debt (m)N/A
Forecast gearing ratio (%)N/A
TeamHealthcare
SectorPharmaceutical & healthcare

Price performance

%1m3m12m
Actual(14.8)(44.4)(51.2)
Relative *(9.2)(38.8)(41.2)

* % Relative to local index

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Investment summary

ASIT Biotech's ASIT+ short-course allergy immunotherapy (AIT) platform has generated a Phase III drug for the prevention of grass pollen allergy and earlier-stage programs in house dust mite (hdm-ASIT+) and in peanut allergies (pnt-ASIT+). Unlike most other AITs (subcutaneous or sublingual), ASIT's products only require four injections before the allergy season. The second Phase III study for gp-ASIT+ starts recruiting at the end of Q418 and results are expected after the pollen season of 2019. We expect ASIT Biotech to self-market its products in Europe and outlicense rights in ex-Europe. ASIT recently raised money to fully-fund its clinical programs.

Last updated on 29/11/2018

Y/E Dec Revenue (€m) EBITDA (€m) PBT (€m) EPS (c) P/E (x) P/CF (x)
2016A 0.0 (12.3) (12.3) (110.00) N/A N/A
2017A 0.0 (12.0) (12.0) (93.60) N/A N/A
2018E 0.0 (13.3) (13.3) (84.74) N/A N/A
2019E 0.0 (16.2) (16.1) (91.72) N/A N/A

Last updated on 20/11/2018

Latest video

Executive interview – ASIT Biotech

Industry outlook

Although grass pollen and house dust mite allergies are not life-threatening in most cases, they result in a significant symptom burden for affected patients. With a safe and effective four-dose regimen, ASIT could expect some usage in the less-severe segment where currently a regimen of many doses does not balance the risk-benefit.

Last updated on 29/11/2018

Key management

Thierry Legon, CEO
Everard van der Straten, CFO
Philippe Ghem, Chief Commercial Officer

Company address

Avenue Ariane 5
Woluwe-Saint-Lambert
1200
Belgium
32 2 264 03 90
View website