LONDON, February 28, 2017 /PRNewswire/ --
Hutchison (HCM) and partner AstraZeneca presentedpositive preliminary data from the ongoing phase II proof-of-concept trial evaluating savolitinib (c-Met TKI) in papillary renal cell carcinoma (PRCC) at the ASCO GU symposium on 16-18 February. Data presented demonstrate savolitinib's strong anti-tumor
(Logo: http://photos.prnewswire.com/prnh/20130417/608168 )
Our SOTP valuation remains unchanged at $2.4bn ($20.1/ADS). IP is valued at $1,789m and placing the commercial platform's (CP) 2016e share of net profit on a 22.5x rating gives $657m (867p/share). Adding net cash at end June 2016 and netting out unallocated costs results in a value of $2.4bn. Approval(s), clinical data and/or deals should increase our risk-adjusted valuation.
Click here to view the full report.
All reports published by Edison are available to download free of charge from its website
About Edison: Edison is an investment research and advisory company, with offices in North America, Europe, the Middle East and AsiaPac. The heart of Edison is our world-renowned equity research platform and deep multi-sector expertise. At Edison Investment Research, our research is widely read by international investors, advisers and stakeholders. Edison Advisors leverages our core research platform to provide differentiated services including investor relations and strategic consulting.
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: Dr Susie Jana Edison Investment Research +44(0)20-3077-5700 Dr Daniel Wilkinson Edison Investment Research +44(0)20-3077-5734 email@example.com Contact details: Learn more at http://www.edisongroup.com 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!
Sleep disorders are collectively known as ''Somnipathy.'' There are over 70 different medically ...
Unintended pregnancies are very common these days, and so one in about four pregnant women go for ...
Dizziness is a feeling of being faint or unsteady whereas Vertigo is a feeling that you or your ...View All