TRANSGENE | BUY | EUR3.5 R&D day goes viral
Transgene held an R&D day and showcased its two platforms – therapeutic cancer vaccines and oncolytic viral therapies. We see both approaches coming of age with next-generation therapies building upon the earlier setbacks. In our view, Transgene’s Invir.IO platform, with IV administration optionality, could land additional partnership opportunities for the company as well as data-driven catalysts in the near- to mid-term. We also expect the company’s cancer vaccine franchise to deliver potential catalysts in Q4 – H1 2023 and to support our positive look on the stock. We reiterate out TP of EUR3.5 with BUY rating.Transgene is a biopharmaceutical company that designs and develops immunotherapy and virotherapy products for the treatment of cancers and infectious diseases. Co. is developing three anti-cancer products that are in clinical trials: (cancer of the lungs, liver and oropharynx); two anti-infectious immunotherapy products also in clinical trials: (hepatitis B and C). Co. also has products in the pre-clinical development stage. Co. operates in a single business segment, the research and development of therapeutic vaccines and immunotherapy products. Co. does not have any products on the market. Substantially all of its operations are conducted in France.
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