OSE Immuno - FY23 update
Last night, OSE Immuno released its FY23 results most notably reiterating the mid-2024 readout of its Ph2 study for ulcerative colitis.Following the recent landmark deal with AbbVie for OSE-230, OSE extended its cash runway into 2026, allowing it to launch the confirmatory Ph3 study with its lead asset Tedopi.No impact on valuation; Buy reiterated.Ose Immunotherapeutics SA, formerly Orphan Synergy Europe Pharma SA, is a France-based company principally engaged in the clinical stage biotechnological sector. The Company develops immunotherapy products against invasive or metastatic late-stage cancers. The Company offers a technology, called Memopi, which helps the immune system to eliminate malignant cells; it re-educates the body's immunological memory so that the immune system (and particularly T cytotoxic cells) attacks tumor cells by increasing the patient's specific cytotoxic T response against their cancer. The Company's main product, Texopi, is a patented combination of ten epitopes, selected and optimized from five tumor associated antigens.
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