Olafertinib is a small molecule commercialized by Fortress Biotech, with a leading Phase II program in Non-Small Cell Lung Cancer. According to Globaldata, it is involved in 4 clinical trials, of which 2 were completed, 1 is ongoing, and 1 is planned. GlobalData uses proprietary data and analytics to provide a complete picture of Olafertinib’s valuation in its risk-adjusted NPV model (rNPV). Buy the model here.
The revenue for Olafertinib is expected to reach an annual total of $136 mn by 2034 globally 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.
Olafertinib is under development for the treatment of non-small cell lung cancer in patients with EGFR T790M mutation as second-line therapy. It is administered orally. The drug candidates target the epidermal growth factor receptor (EGFR). It is developed based on structure-based drug design platform.
Fortress Biotech Overview
Fortress Biotech, formerly Coronado Biosciences, identifies, acquires, develops, and commercializes marketed pharmaceuticals and development-stage pharmaceutical product candidates. The company provides business, scientific, regulatory, and legal support for advancing the products or product candidates of its partner firms. It is a marketing partner for various branded drugs indicated for the treatment of radiation dermatitis, severe acne, athlete’s foot, inflammatory and pruritic manifestations of corticosteroid-responsive dermatoses, and other skin infections. Fortress Biotech is headquartered in New York, the US.
The company reported revenues of (US Dollars) US$75.7 million for the fiscal year ended December 2022 (FY2022), an increase of 10.1% over FY2021. The operating loss of the company was US$203.6 million in FY2022, compared to an operating loss of US$188.5 million in FY2021. The net loss of the company was US$86.6 million in FY2022, compared to a net loss of US$64.7 million in FY2021.
For a complete picture of Olafertinib’s valuation, buy the drug’s risk-adjusted NPV model (rNPV) here.