Pamrevlumab is a monoclonal antibody commercialized by FibroGen, with a leading Phase III program in Pancreatic Ductal Adenocarcinoma. According to Globaldata, it is involved in 21 clinical trials, of which 11 were completed, 4 are ongoing, and 6 were terminated. GlobalData uses proprietary data and analytics to provide a complete picture of Pamrevlumab’s valuation in its risk-adjusted NPV model (rNPV). Buy the model here.
The revenue for Pamrevlumab is expected to reach an annual total of $220 mn by 2036 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.
Pamrevlumab Overview
Pamrevlumab (FG-3019) is under development for the treatment of metastatic pancreatic ductal adenocarcinoma (PDAC) or fibrosis involved in pancreatic cancer, liver fibrosis and coronavirus disease 2019 caused by the severe acute respiratory syndrome coronavirus 2 (SARS-CoV-2). It is administered as an intravenous infusion. FG-3019 is a fully human recombinant IgG, kappa monoclonal antibody that acts against connective tissue growth factor (CTGF). The drug candidate was also under development for the treatment of systemic sclerosis, microalbuminuria, pneumonia, focal segmental glomerulosclerosis, type I or type II diabetes mellitus, diabetic nephropathy, (diabetic kidney disease) and proteinuria.
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It was under development for the treatment of idiopathic pulmonary fibrosis, Duchenne Muscular dystrophy.
FibroGen Overview
FibroGen is a biopharmaceutical company that discovers, and develops medicines for the treatment of anemia, cancer, and fibrotic disease. Its approved product includes roxadustat for the treatment of treatment of anemia associated with chronic kidney disease, in both dialysis-dependent (DD) and non-dialysis-dependent (NDD) patients. Its pipeline product includes pamrevlumab (FG-3019) for the treatment of idiopathic pulmonary fibrosis (IPF) and duchenne muscular dystrophy (DMD). The company has operations in the US, Hong Kong, Finland, Cayman Islands and China. FibroGen is headquartered in San Francisco, California, the US.
The company reported revenues of (US Dollars) US$140.7 million for the fiscal year ended December 2022 (FY2022), a decrease of 40.2% over FY2021. The operating loss of the company was US$301 million in FY2022, compared to an operating loss of US$288.5 million in FY2021. The net loss of the company was US$293.7 million in FY2022, compared to a net loss of US$290 million in FY2021.
For a complete picture of Pamrevlumab’s valuation, buy the drug’s risk-adjusted NPV model (rNPV) here.
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