MorphoSys AG : Raising TP to € 116 (old: € 110) on better-than-expected update of MOR208 results
>ASH abstract shows better-than-expected interim trial result on MOR208 in DLBCL - The American Society of Hematology (ASH) published today (01 Nov) the abstracts (link) for MOR208 which showed interim results from L-MIND trial with MOR208 (+LEN) in DLBCL that were better than we had previously expected. The updated preliminary results with a data cutoff of 05 June 2018 showed: i/ With a median follow-up of 12 months PFS (progression free survival) of 16.2 months (pre...MorphoSys is engaged in development and commercialization of antibodies for therapeutic applications. Co. operates in two segments: Partnered Discovery, which operates therapeutic development programs for drug candidates in cooperation with biotechnology and pharmaceutical companies; and Proprietary Development, which is engaged in the development of therapeutic antibodies in the area of inflammatory disease and oncology on a proprietary basis. As of Dec 31 2013, Co.'s proprietary antibody compounds in clinical trials included MOR103 in the areas of rheumatoid arthritis and multiple sclerosis; MOR202 in the field of multiple myeloma; and MOR208 in the field of malignant B-cell diseases.
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