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Edison Investment Research Limited: Edison issues outlook on SymBio Pharmaceuticals (4582)

Edison Investment Research Limited
Edison Investment Research Limited: Edison issues outlook on SymBio Pharmaceuticals (4582)

10-Sep-2020 / 08:46 GMT/BST


London, UK, 10 September 2020

Edison issues outlook on SymBio Pharmaceuticals (4582)

SymBio is approaching a major transition as it prepares to begin internal marketing of its lead product Treakisym (bendamustine), launch new liquid formulations of the drug and expand the market with new indications. At the same time, the company is moving past the recent clinical results from the Phase III study where rigosertib did not meet its primary endpoint and is determining the future direction of its pipeline product brincidofovir. We are taking this time to provide our clinical and commercial outlook.


We have lowered our valuation to ¥37.6bn or ¥1,068 per share from ¥39.0bn or ¥1,144 per share. This was driven by removing rigosertib from our models. Additionally, we have adjusted brincidofovir for the new AdV indication, which increased this program's valuation to ¥1,062m from ¥882m.

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1129795  10-Sep-2020 

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