LONDON, November 29, 2016 /PRNewswire/ --
Celyad has noted that the Phase I safety study on its NKR-2 CAR T-cellautologous therapy produced some "reports of clinical benefit". The THINK Phase Ib trial has been approved in Belgium and awaits FDA clearance. This is a major expansion of CAR therapy with five solid tumors plus AML
(Logo: http://photos.prnewswire.com/prnh/20130417/608168 )
Our valuation model for Celyad has been rebased to focus on NKR-2 indications. As Celyad is initiating an NKR-2 trial in solid tumors, these have also been added to the valuation but with caution as this could be a challenging set of indications and there is very little current clinical data on the NKR-2 product. The C-Cure value is unchanged at 35% probability and is now regarded as an indicative deal value on partnering. Celyad has also cut its cash burn to no more than $34m per year to conserve cash to mid-2019. These adjustments give an interim indicative value of $50 per share, formerly $46 per share.
Click here to view the full report.
All reports published by Edison are available to download free of charge from its website http://www.edisoninvestmentresearch.com.
About Edison: Edison is an international equity research firm with a team of over 70 analysts, investment and roadshow professionals and works with both large and smaller capitalised companies, blue chip institutional investors, wealth managers, private equity and corporate finance houses to support their capital markets activity. Edison provides services to more than 420 retained corporate and investor clients from offices in London, New York, Frankfurt, Sydney and Wellington. Edison is authorised and regulated by the Financial Conduct Authority.
Edison is not an adviser or broker-dealer and does not provide investment advice. Edison's reports are not solicitations to buy or sell any securities.
For more information please contact: John Savin Edison Investment Research +44(0)20-3077-5735 Lala Gregorek Edison Investment Research +44(0)20-3681-2527 [email protected]
Contact details: Learn more at http://www.edisongroup.co and connect with Edison on: LinkedIn http://www.linkedin.com/company/edison-investment-research Twitter http://www.twitter.com/Edison_Inv_Res YouTube http://www.youtube.com/edisonitv Google+ https://plus.google.com/105425025202328783163/posts
SOURCE Edison Investment Research
Subscribe to our Free Newsletters!
Cholestatic jaundice occurs when the flow of bile (chole) between the liver and small intestine is ...
Opportunistic infections are microbial infections that can cause disease in persons with a weak ...
The state health insurance programs provide health care support to the below poverty line (BPL) ...View All