Formycon (FYB) - H117 results show further business progress

Edison Investment Research - Pharmaceutical & healthcare - Formycon: In H117 Formycon disclosed that FYB202 is a proposed biosimilar of Stelara and it recently announced that it is in the process of entering into a co-investment agreement with Santo Holding to advance FYB202 through regulatory approval. The global Phase III study of Lucentis biosimilar FYB201 for neovascular age-related macular degeneration (nAMD) is progressing according to plan with US and EU launches slated for 2020 and 2022. Lastly, FYB203 (Eylea biosimilar) and FYB205 (undisclosed) are advancing in preclinical studies. Cash and equity at end H117 was €14.4m.
ISIN: DE000A1EWVY8

Original Article: Formycon (FYB) - H117 results show further business progress

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