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ThromboGenics (THR)

Business description

ThromboGenics is a Belgian biopharmaceutical company focused on developing and commercialising the eye drug ocriplasmin; EU (via Alcon) and US launches are due in Q113. Antibody candidates targeting cardiovascular disorders and cancer are in mid-stage clinical trials.

Vision to deliver

QuickView | Pharmaceutical & healthcare | 21/03/2012

Securing Alcon (Novartis) as an ex US partner for eye drug ocriplasmin is a significant milestone in ThromboGenics’ path to becoming a fully-integrated pharmaceutical company. Shares in the Belgian company have gained 9% since the deal and now trade at record highs. With burgeoning expectations comes increasing pressure to deliver. The Alcon deal, with €165m in near-term payments, provides ocriplasmin with the best possible start in Europe and lends significant financial support to ThromboGenics’ own launch plans in the US.

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