OSE Immunotherapeutics (PAR: OSE)

Last close As at 15/11/2024

EUR9.25

−0.01 (−0.11%)

Market capitalisation

EUR202m

OSE Immunotherapeutics (OSE) is based in Nantes and Paris in France and is listed on the Euronext Paris exchange. It is developing immunotherapies for the treatment of solid tumours and autoimmune diseases and has established several partnerships with large pharma companies.

OSE has products in development for both immunooncology and immuno-inflammation indications. As a result, the R&D pipeline is diversified and the outlook does not depend on developments in any specific subsector.

Latest Insights

View More

Healthcare | Update

OSE Immunotherapeutics — Riding the H124 tailwinds

Healthcare | Flash note

OSE Immunotherapeutics — Tedopi registrational study commences

OSE-Immunotherapeutics_resized

Sector

Healthcare

Equity Analyst

Arron Aatkar

Analyst

Jyoti Prakash

Jyoti Prakash

Analyst, Healthcare

Key Management

  • Dominique Costantini

    Chairman

  • Nicolas Poirier

    CEO

Balance Sheet

Forecast net cash (€m)

35.2

Forecast gearing ratio (%)

N/A

Share Price Performance

Price Performance
% 1M 3M 12M
Actual 4.2 33.7 107.9
Relative 8.1 33.9 104.4
52 week high/low €10.7/€3.2

Financials

OSE and its pharma partners have made progress with all clinical and preclinical assets. The final analysis of the data from the Phase III ATALANTE-1 study (investigating its off-the-shelf neoepitope-based cancer vaccine Tedopi in NSCLC) revealed a potential path to market, and OSE initiated the registrational Phase III ARTEMIA trial in September 2024. OSE’s IL-7R-targeting antibody therapy, lusvertikimab, recently completed a Phase II study in ulcerative colitis showing statistically significant benefits; the full data set will be presented in due course. OSE is also focused on the clinical development of OSE-279, an anti-PD1 blocking monoclonal antibody being investigated for the treatment of advanced solid tumours or lymphomas. OSE has shared initial positive signs of safety and efficacy from a Phase I/II trial and we expect further readouts in H224. The three partnered programmes – BI 765063/BI 7770371, FR104/VEL-101 and ABBV-230 – are at different stages of clinical development and generate relatively steady licensing fee income.

Y/E Dec Revenue (€m) EBITDA (€m) PBT (€m) EPS (c) P/E (x) P/CF (x)
2022A 18.3 (15.0) (18.0) (95.86) N/A N/A
2023A 2.2 (19.6) (23.2) (117.58) N/A N/A
2024E 98.5 66.7 64.5 280.20 3.3 3.3
2025E 86.3 53.3 50.9 233.23 4.0 4.0

Thematics

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