Rocatinlimab is a monoclonal antibody commercialized by Amgen, with a leading Phase III program in Atopic Dermatitis (Atopic Eczema). According to Globaldata, it is involved in 18 clinical trials, of which 5 were completed, 12 are ongoing, and 1 is planned. GlobalData uses proprietary data and analytics to provide a complete picture of Rocatinlimab’s valuation in its risk-adjusted NPV model (rNPV). Buy the model here.
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The revenue for Rocatinlimab is expected to reach an annual total of $425 mn by 2037 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.
Rocatinlimab Overview
Rocatinlimab is under development for the treatment of atopic dermatitis, prurigo nodularis and asthma. The drug candidate is a new molecular entity (NME). It is administered through intravenous and subcutaneous infusion. It is a monoclonal antibody and acts by targeting OX40. The drug candidate is based on POTELLIGENT antibody engineering technology. It was also under development for the treatment of moderate plaque psoriasis and ulcerative colitis .
Amgen Overview
Amgen is a biotechnology company, which discovers, develops, manufactures, and markets innovative human medicines to treat patients suffering from serious diseases. It develops novel medicines for the treatment of cardiovascular conditions, oncology/hematology, inflammation, bone health, neurological disorders and nephrology conditions. The company analyzes the difficulties of disease and understands the fundamentals of human biology to develop products harnessing advanced human genetics. Amgen sells products primarily to pharmaceutical wholesale distributors in the US. It also markets certain products directly to consumers through direct-to-consumer channels and through partnerships with other companies. The company has a presence in Asia Pacific, Europe, the Middle East, the Americas and Australia. Amgen is headquartered in Thousand Oaks, California, the US.
The company reported revenues of (US Dollars) US$28,190 million for the fiscal year ended December 2023 (FY2023), an increase of 7.1% over FY2022. In FY2023, the company’s operating margin was 28.3%, compared to an operating margin of 36.6% in FY2022. In FY2023, the company recorded a net margin of 23.8%, compared to a net margin of 24.9% in FY2022.
The company reported revenues of US$7,447 million for the first quarter ended March 2024, a decrease of 9.1% over the previous quarter.
For a complete picture of Rocatinlimab’s valuation, buy the drug’s risk-adjusted NPV model (rNPV) here.
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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.
