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ASIT Biotech (ASIT)

Business description

ASIT biotech is a clinical-stage company focused on the development of therapies for allergies. The company’s products are based on the proprietary ASIT+ technology platform, which allows the development of products containing highly purified allergen fragments in an adjuvant-free formulation, selected to be safe while maintaining the capacity to stimulate the immune system. The lead product is gp-ASIT+ for allergic rhinitis.

Stock data

Market cap.€64.9m
Last close€3.94
High / Low (52 weeks)€6.2 / €3.2
Stock market listingEU
Forecast net debt (m)N/A
Forecast gearing ratio (%)N/A
TeamHealthcare
SectorPharmaceutical & healthcare

Price performance

%1m3m12m
Actual7.73.7(37.3)
Relative *9.26.4(36.1)

* % Relative to local index

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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 (11.9) (11.8) (76.17) N/A N/A
2019E 0.0 (12.3) (12.3) (75.00) N/A N/A

Last updated on 13/06/2018

Latest research

Investment summary

ASIT biotech is an allergy immunotherapy (AIT) discovery and development company leveraging its proprietary ASIT+ platform. The lead product, gp-ASIT+ for grass pollen allergy, has already been tested in a Phase III trial. Although the study missed the predefined percentage difference in primary efficacy endpoint between placebo and the treatment group, a statistically significant reduction in allergy severity was demonstrated in the study. Having learnt the lessons and been encouraged by the opinion of the German regulatory authority, ASIT is now recharging for a confirmatory Phase III trial. Our valuation is €119.6m or €7.3/share.

Last updated on 29/05/2018

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