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Medigene: Recent Deals Enable Greater Focus On The Core

Published 02/08/2016, 07:17 AM
Updated 07/09/2023, 06:31 AM

Recent non-core, business-related newsflow has proved highly beneficial to Medigene (DE:MDG1k). The full and final transference of EndoTAG-1 rights to SynCore and the sale of its Catherex subsidiary to Amgen (O:AMGN) for $10.5m (40% to Medigene) tidies up its legacy pipeline and IP assets, while providing a decent revenue stream. Medigene’s core focus remains on its immune-oncology franchise, and we look forward to significant progress in 2016. Our rNPV-based valuation increases to €216m or €10.98 per share.

Medigene

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