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Transgene (TNG)

Business description

Transgene is a French company developing immunotherapy agents for cancer and infectious diseases. Oncolytic virus Pexa-Vec (Phase III for HCC) and cancer vaccine TG4010 (Phase II for NSCLC) are the lead clinical candidates.

Restructuring to focus on R&D

Flash note | Pharmaceutical & healthcare | 30/06/2015

Transgene has announced restructuring plans to focus the business on research and development. This will result in closure of the pharmaceutical development and bio-manufacturing business (c €1.7m revenue in 2014) but should lead to long-term cost savings. We have placed our valuation and financials under review pending details on the likely impact of the restructuring and updated clinical development plans.

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Stock data

Market cap.€189.3m
Last close€3.040
High / Low (52 weeks)€3.5 / €2.5
Stock market listingEU
Forecast net debt (€m)45.2
Forecast gearing ratio (%)1863
SectorPharmaceutical & healthcare

Price performance

Relative *(2.8)6.6(11.7)

* % Relative to local index

Company news