BerGenBio’s bemcentinib already has broad commercial potential in various cancer settings, and now new preclinical data shows that this compound (or the Axl monoclonal antibody BGB149) could be used to treat fibrosis. There are limited treatments available in this therapeutic field, and the data suggests that inhibiting Axl could reduce fibrosis. BerGenBio is yet to announce any development plans in fibrosis. The company has recently raised NOK187m ($24m) in a private placement and is now well positioned to start such a programme. We raise our valuation to NOK2,880m (NOK52.65/share), which, in line with our conservative approach, excludes the potential of bemcentinib/ BGB149 in fibrosis.
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- Published:
09 May 2018 -
Author:
Mick Cooper PhD -
Pages:
8
BerGenBio’s bemcentinib already has broad commercial potential in various cancer settings, and now new preclinical data shows that this compound (or the Axl monoclonal antibody BGB149) could be used to treat fibrosis. There are limited treatments available in this therapeutic field, and the data suggests that inhibiting Axl could reduce fibrosis. BerGenBio is yet to announce any development plans in fibrosis. The company has recently raised NOK187m ($24m) in a private placement and is now well positioned to start such a programme. We raise our valuation to NOK2,880m (NOK52.65/share), which, in line with our conservative approach, excludes the potential of bemcentinib/ BGB149 in fibrosis.