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Mologen (MGN)

Business description

Mologen is a German biotech company developing cancer immunotherapies. The lead product is lefitolimod (MGN1703) for metastatic colorectal cancer maintenance, SCLC and HIV. Development of MGN1601, a therapeutic renal cell vaccine, would be reinitiated on successful out-licensing of lefitolimod.

'Next Level' on track

QuickView | Pharmaceutical & healthcare | 09/11/2016

Mologen are focused on the development and commercialisation of lead candidate lefitolimod (oncology and HIV) and the next-generation molecules EnanDIM (TLR9 agonist). Partnering opportunities for lefitolimod are being actively sought. We anticipate Phase II IMPULSE (SCLC) data in early/mid-2017 and initial Phase III IMPALA (mCRC) data 24 months after final patient recruitment to drive the shares. Following the capital raise we now value Mologen at €251m (€7.39/share).

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Stock data

Market cap.€34.6m
Last close€0.919
High / Low (52 weeks)€3.9 / €0.9
Stock market listingDE
Forecast net debt (€m)8.2
Forecast gearing ratio (%)58
SectorPharmaceutical & healthcare

Price performance

Relative *3.5(54.3)(75.9)

* % Relative to local index

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