Luveltamab Tazevibulin is a monoclonal antibody conjugated commercialized by Sutro Biopharma, with a leading Phase III program in Peritoneal Cancer. According to Globaldata, it is involved in 6 clinical trials, of which 4 are ongoing, and 2 are planned. GlobalData uses proprietary data and analytics to provide a complete picture of Luveltamab Tazevibulin’s valuation in its risk-adjusted NPV model (rNPV). Buy the model here.

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The revenue for Luveltamab Tazevibulin is expected to reach an annual total of $163 mn by 2038 in the US based off GlobalData’s Expiry Model. The drug’s 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 drug’s 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.

Luveltamab Tazevibulin Overview

STRO-002 is under development for the treatment of solid tumors, relapsed/refractory cancers like epithelial ovarian cancer, endometrial carcinoma, fallopian tube cancer, peritoneal cancer, non-small cell lung cancer, triple negative breast cancer, adenocarcinoma and relapsed/refractory rare pediatric acute myeloid leukemia (AML). It is administered through intravenous route. It is developed based on Xpress CF plus platform technology. The drug candidate is a potent and Sutro proprietary hemia-sterlin derivative warhead. It is a monoclonal antibody conjugate that acts by targeting folate receptor alpha (FolR alpha).

Sutro Biopharma Overview

Sutro Biopharma is a clinical-stage oncology company. It develops next-generation cancer therapeutics which include antibody-drug conjugates (ADCs), bispecific antibodies, cytokine-based immuno-oncology therapies and vaccines through the XpressCF and XpressCF+ platforms. The company’s pipeline products include STRO-001 to treat B-cell malignancies; STRO-002, luvelta treats ovarian cancer, endometrial cancer, adenocarcinoma, non-small cell lung cancer, GLlS2 pediatric acute myeloid leukemia; STRO-003 treats solid tumors, hematological cancers, STRO-004 treat solid tumors, VAX-24, MK-1484 treats invasive pneumococcal disease and metastatic solid tumors. It works in collaboration with Merck & Co., Inc and Astellas Pharma Inc., among others. Sutro Biopharma is headquartered in South San Francisco, California, the US.

The company reported revenues of (US Dollars) US$67.8 million for the fiscal year ended December 2022 (FY2022), an increase of 9.5% over FY2021. The operating loss of the company was US$128.9 million in FY2022, compared to an operating loss of US$98.5 million in FY2021. The net loss of the company was US$119.2 million in FY2022, compared to a net loss of US$105.5 million in FY2021. The company reported revenues of US$16.9 million for the third quarter ended September 2023, an increase of 62.5% over the previous quarter.

For a complete picture of Luveltamab Tazevibulin’s valuation, buy the drug’s risk-adjusted NPV model (rNPV) here.

This content was updated on 7 February 2024

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GlobalData, the leading provider of industry intelligence, provided the underlying data, research, and analysis used to produce this article.

To create this model, GlobalData takes into account factors including patent law, known and projected regulatory approval processes, cash flows, drug margins and company expenses. Combining these data points with GlobalData’s world class analysis creates high value models that companies can use to help in evaluation processes for each drug or company.

The rNPV method integrates the probability of a drug reaching a clinical stage into the cash flow at that time, which provides a more accurate valuation, as it considers the probability that the drug never makes it through the clinical pathway to commercialization. GlobalData’s rNPV model uses proprietary likelihood of approval (LoA) and phase transition success rate (PTSR) data for the indication in the highest development stage, which can be found on GlobalData’s Pharmaceutical Intelligence Center.