Report

Update: Waiting for the deal

Transgene is still in discussions with potential partners for the licensing of TG4010. We believe a deal is reliant on evidence that TG4010 acts synergistically with immune checkpoint inhibitors and mature data from the Phase IIb part of the TIME study in non-small cell lung cancer (NSCLC), showing a significant long-term overall survival benefit. At the same time, Transgene aims to start a number of trials this year, including a Phase III study with Pexa-Vec with its partners. We value Transgene at €464m.
Underlying
Transgene SA

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.

Provider
Edison Investment Research
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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