Added to YB: 2025-02-06
Pitch date: 2025-02-05
FYB.DE [bullish]
Formycon AG
-56.34%
current return
Author Info
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Company Info
Formycon AG, a biotechnology company, develops biosimilar drugs in Germany and Switzerland. It provides FYB201, a biosimilar candidate for Lucentis, an ophthalmic drug used in the treatment of neovascular age-related macular degeneration and other serious retinal diseases, including diabetic macular edema, choroidal neovascularization, proliferative diabetic retinopathy, and macular edema under the Ranivisio, Ongavia, Cimerli, Ranpoto, Uptera, and Ravegza names.
Market Cap
EUR 918.2M
Pitch Price
EUR 53.60
Price Target
N/A
Dividend
N/A
EV/EBITDA
-40.93
P/E
13.59
EV/Sales
14.61
Sector
Biotechnology
Category
growth
Formycon AG (FYB) Expanding its biosimilar reach in APAC
FYB.DE: Biosimilar FYB203 (Eylea alternative) expands to APAC via Lotus Pharma deal. Already in EU/Israel (Teva) & MENA (MS Pharma). US partner sought. Peak sales €500M by 2028 in €5B market. Near-term depends on commercial traction; US deal key milestone.
Read full article (1 min)