Biotech Values

[DewDiligence]

Capsule rationale for 2015 picks in SI Charity Contest

ADXS: Low enterprise value; immuno-oncology program partnered with AZN with data in 2015.

AGTC: EV somewhat stretched, but good chance to ride AAVL coattails; AGTC’s single-mutation orphan indications are (IMO) better targets for gene tharpy than a multifaceted disease such as AMD.

CNAT: Several shots on goal in liver disease; multiple data readouts in 2015.

EGRX: 505b2 business model; bested Teva in first round of Treanda patent case.

ENTA: What P/E will investors apply to 2015 EPS?

MCUR: Israeli company with tiny EV; first of two phase-3 trials reports in late 2015.

OCRX: Elegant MoA for hepatic encephalopathy; have some concerns about phase-2b trial design in acute liver failure (and wouldn’t mind if final results slip to 2016), but data from two ISTs could provide a nice lift in 2015.

TRIL: A necessary pick for defensive purposes.