ARX-720 is a Recombinant Protein owned by Bristol-Myers Squibb, and is involved in 2 clinical trials, which are ongoing.
ARX-720 is a relaxin peptide receptor agonist. During heart failure, the heart is unable to pump enough blood to supply the body. The drug candidate may increase blood flow throughout the body. Also by the cardiac stimulant effect, it may help the poorly functioning heart to function more effectively and pump the blood for body metabolic needs.
The revenue for ARX-720 is expected to reach a total of $124m through 2038. This change impacts the valuation of this asset and is an important factor to understand the current value of the drug in a clinical process. View the complete picture with the ARX-720 NPV Report.
ARX-720 is under development for the treatment of heart failure. The drug candidate targets and enhances the activity relaxin peptide receptor. It is based on ReCODE platform technology. This technology modifies the native proteins with amino acid building blocks beyond the common 20 to engineer enhanced versions for investigation for therapeutic use.
Bristol-Myers Squibb Overview
Bristol-Myers Squibb (BMS) is a specialty biopharmaceutical company that is engaged in discovery, development, licensing and manufacturing, marketing, distribution and sale of medicines and related medical products to patients with serious diseases. Its primary focus is on cancer, cardiovascular, immunology and fibrotic therapeutic projects. The company offers its products across the world to wholesalers, retail pharmacies, hospitals, medical professionals and government entities. BMS provides its products in the US, Europe, and Japan. The company conducts research to focus on the discovery and development of novel medicines that address serious diseases in areas of significant unmet medical need. BMS is headquartered in New York City, New York, the US.
The company reported revenues of (US Dollars) US$46,385 million for the fiscal year ended December 2021 (FY2021), an increase of 9.1% over FY2020. The operating profit of the company was US$8,615 million in FY2021, compared to an operating loss of US$6,847 million in FY2020. The net profit of the company was US$6,994 million in FY2021, compared to a net loss of US$9,015 million in FY2020. The company reported revenues of US$11,218 million for the third quarter ended September 2022, a decrease of 5.6% over the previous quarter.
Quick View – ARX-720
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