Ablynx - Study data may elicit a partner
Oct 10th 2012 - Edison Investment Research today published a report on Ablynx entitled "Study Data May Elicit A Partner". In summary, the report says:
Ablynx’s technology platform received further validation from the promising Phase II study data for ALX-0061, an anti-IL6 Nanobody for rheumatoid arthritis (RA), as well as the formation of a new collaboration with Merck & Co. ALX-0061 seems to compare favourably with Roche’s Actemra, while offering the potential for a more convenient dosing schedule. The positive trial results could attract a partner for ALX-0061 and may even help with partnering of ATN-103 if the two products can be bundled together. We have increased our valuation by €20m to €521m.
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