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Xbrane Biopharma (XBRANE) - Biosimilar focus after successful partnering

10:35 EST 23 Nov 2018 | Edison Investment Research

Edison Investment Research - Pharmaceutical & healthcare - Xbrane Biopharma: Xbrane now focuses on developing high-margin biosimilar products. In July, Xbrane did a deal with STADA on Xlucane, its Lucentis biosimilar and gained an upfront fee of €7.5m; management estimates that Xbrane’s 50:50 profit share could be worth up to €100m per year. STADA will market Xlucane. Xbrane aims to start clinical development in Q119. In drug delivery, Spherotide bulk sales to Iran were SEK14m to June 2018. In Europe, the key market, Spherotide development requires a partner to fund trials. The Chinese deal with CR Pharma completed in February, bringing a SEK13m fee. Our valuation has been revised to SEK581m.
ISIN: SE0007789409

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