KBC Securities - Autolus Therapeutics ADS (AUTL) Autolus FIRST LOOK: 3Q24 update focusses on Aucatzyls launch in r/r adult ALL

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KBC Securities

Jacob Mekhael

Autolus FIRST LOOK: 3Q24 update focusses on Aucatzyl's launch in r/r adult ALL

Yesterday before US market opens, Autolus reported 3Q24 results with a cash position of $657.1m (YE23: $239.9m), sufficient to drive Aucatzyl's (obe-cel, CD19 CAR-T) launch in r/r adult ALL, and advance the company's pipeline towards pivotal autoimmune data (KBCSe 2028). The focus of the 3Q24 update was Aucatzyl's upcoming launch, and we expect the large safety differentiation vs. Tecartus to be a key factor for adoption. In parallel, we look forward to initial autoimmune data in 1Q25, which has the potential to expand Aucatzyl's commercial opportunity and bring upside to the stock. We reiterate our $11 TP and Buy rating.

13/11/2024 1 EN

Underlying

Autolus Therapeutics ADS

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US05280R1005 NASDAQ Stock Market United Kingdom

Provider

KBC Securities

We are a financial services provider for several types of professional clients, each with distinct needs.

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Analysts

Jacob Mekhael

Other Reports on these Companies

KBC Securities

Morning Notes : ABN NA, XIOR BB, IMCD NA, AUTL US, TKWY NA

: ABN NA, XIOR BB, IMCD NA, AUTL US, TKWY NA

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GlobeNewsWire

Autolus Therapeutics Reports Third Quarter 2024 Financial Results and Business Updates

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Autolus FIRST LOOK: 3Q24 update focusses on Aucatzyl's launch in r/r adult ALL

We are a financial services provider for several types of professional clients, each with distinct needs.

Morning Notes : ABN NA, XIOR BB, IMCD NA, AUTL US, TKWY NA

Autolus Therapeutics Reports Third Quarter 2024 Financial Results and Business Updates

Bekaert Feedback conference call

Inventiva FIRST LOOK: 3Q24 update holds no surprises, NATiV3 timelines reiterated

Ackermans & van Haaren 3Q FY24: Major Participations Continue To Post Robust Results

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