Belrestotug is a monoclonal antibody commercialized by iTeos Therapeutics, with a leading Phase II program in Non-Small Cell Lung Cancer. According to Globaldata, it is involved in 9 clinical trials, of which 1 was completed, 7 are ongoing, and 1 was terminated. GlobalData uses proprietary data and analytics to provide a complete picture of Belrestotugs valuation in its risk-adjusted NPV model (rNPV). Buy the model here.
The revenue for Belrestotug is expected to reach an annual total of $65 mn by 2039 in the US based off GlobalDatas Expiry Model. The drugs revenue forecasts along with estimated costs are used to measure the value of an investment opportunity in that drug, otherwise known as net present value (NPV). Applying the drugs phase transition success rate to remaining R&D costs and likelihood of approval (LoA) to sales related costs provides a risk-adjusted NPV model (rNPV). The rNPV model is a more conservative valuation measure that accounts for the risk of a drug in clinical development failing to progress.
Belrestotug Overview
EOS-448 is under development for the treatment of solid tumors, non-small cell lung cancer, squamous non-small cell lung cancer, PD-1 resistant melanoma and head and neck cancer squamous cell carcinoma. It is administered through intravenous route. The drug candidate is a checkpoint blocking antibody acts by targeting TIGIT.
It was also under development for the treatment of relapsed or refractory multiple myeloma.
iTeos Therapeutics Overview
iTeos Therapeutics is a clinical-stage biopharmaceutical company. It discovers and develops immuno-oncology drugs for cancer. The companys pipeline products are EOS-448, EOS-984, dostarlimab, iberdomide, pembrolizumab, CD96 drug candidates. Its products are used to treat various cancers like advanced malignancies, relapsed refractory multiple myeloma. The drug candidates either in monotherapy or in combination with additional drugs, as well as in intraportfolio combinations. Its service includes to carries out clinical trials for inupadenant, an A2A receptor antagonist, as a treatment for solid tumors in monotherapy. It has operational presence in the US; and Belgium. iTeos Therapeutics is headquartered in Cambridge, Massachusetts, the US.
The company reported revenues of (US Dollars) US$12.6 million for the fiscal year ended December 2023 (FY2023), a decrease of 95.3% over FY2022. The operating loss of the company was US$151.1 million in FY2023, compared to an operating profit of US$126.3 million in FY2022. The net loss of the company was US$112.6 million in FY2023, compared to a net profit of US$96.7 million in FY2022.
For a complete picture of Belrestotugs valuation, buy the drugs risk-adjusted NPV model (rNPV) here.
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