Edison Investment Research - Prima Biomed Limited (PRR) Update: Fresh data confirm potential of CVac

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Edison Investment Research

Update: Fresh data confirm potential of CVac

The final data from the CAN-003 trial in ovarian cancer give a further indication of CVac's potential. The results in the second-line setting are even more impressive than the preliminary data previously reported. They justify the revised trial design for CAN-004b, which is now only recruiting patients with second-line ovarian cancer. More mature overall survival (OS) data from CAN-003 should be reported in Q414, which we expect will confirm the potential of CVac. We have increased our valuation to A$101m.

11/06/2014 6 EN

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Prima Biomed Limited

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AU000000PRR9 Australia

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Edison Investment Research

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, advisors and stakeholders. Edison Advisors leverages our core research platform to provide differentiated services including investor relations and strategic consulting.

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Update: Fresh data confirm potential of CVac

Immutep - AIPAC fully recruited, results due Q120

Immutep - AIPAC fully recruited, results due Q120

Immutep - Encouraging results for efti and IMP761

Norcros - Sale of Johnson Tiles UK agreed

Henderson Far East Income - Repositioning to raise total returns

Freelancer - AI to drive return to growth

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