Valuation Lab: Basilea valuation report “On Target”

Tuesday, September 17, 2019 @ 12:00 am

Basilea is halfway through its US development plans for Zevtera after recently reporting positive “TARGET” pivotal trial results in skin infections. Results of the second cross-supportive “ERADICATE” pivotal trial in bacteremia are expected in H2 2021. Peak sales for both new Zevtera indications could amount to more than CHF 300 mn and trigger a lucrative partnering deal. Cresemba reported strong sales growth in H1 2019, which is expected to continue. Profitability should be approached in 2020/2021 with sufficient cash, external funding (e.g. BARDA) and revenues from Cresemba and Zevtera to develop the key pipeline projects up to their next value inflection points.

Read the full valuation report

Key catalysts include

Results POC trial of BAL101553 in brain & ovarian cancer (end 2019)
Interim data derazantinib/Tecentriq POC trial in urothelial cancer (H2 2020)
Results registrational trial of derazantinib in iCCA (H2 2020)

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