Oct 04th 2012 - Edison Investment Research today published a report on Morphosys entitled "MOR Prospects Of A Deal". In summary, the report says:
The initial data from the Phase Ib/IIa trial in rheumatoid arthritis (RA) with MOR103 increase the likelihood that MorphoSys can partner the product ahead of the Phase Ib trial in multiple sclerosis (MS). In the study, a strong efficacy signal with early onset of action was detected at all doses tested and the product was well tolerated, suggesting that MOR103’s activity compares favourably to that of RA treatments. More data from the study could be reported at the ACR meeting in November. We have raised our valuation from €659m to €697m.
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