Oncologie takes global licence to Navi
Lighthouse | 13 January 2020
Trinity Delta view: This global licencing deal with Oncologie for naviciximab is important on a number of fronts: it underlines management’s ability to strike deals, provides a small fillip to the existing cash runway (currently into mid-2020), and retains economic upside potential from a non-core asset. Mereo BioPharma’s focus remains on the development of its innovative rare disease portfolio of four key assets. These include the lead programme setrusumab for osteogenesis imperfect, which is on track to initiate a pivotal Phase IIb/III paediatric study in Europe this year; an FDA meeting in early 2020 should help define the US approval pathway.
We currently value Mereo BioPharma at £442m ($574m), equivalent to 412p/share or $20.60/ADS (fully diluted).
13 January 2020
|Price (UK share)|
Mereo BioPharma develops and commercialises innovative therapeutics addressing rare and specialty diseases. These are acquired or licensed in at clinical stages from large pharmaceutical companies. The portfolio consists of four compounds that are progressing through late clinical development.
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