BioLineRx Ltd (BLRX)

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BioLine RX (BLRX)

BioLine RX (NASDAQ:BLRX) is a therapeutics company driven by drug development in various blood-related regions. With current collaborations with Columbia University and the Washington University School of Medicine, BioLine is in a great place to grow from the current valuation of $1.29, making a year-over-year growth of 52.38%.

The current stage of the biopharmaceutical industry is well off, with positive growth seen from the 2021 revenue of $328 billion. Further, by 2030, expect the sector to bring in $853 billion in revenue, marking a CAGR of 11.3% for that period. BioLine RX, based out of Israel, is one of the only Israeli companies competing in this industry, proving to be profitable for BLRX.

Revenue-wise for BioLine RX, the company is currently in a pre-commercial status with no current products on the market, but expect that to change in the near future after the FDA accepts their new discovery APHEXDA. Although the financial reports all show net negatives across the board, BioLine has managed to keep operating expenses at a low during the time of pre-commercial status, so expect profitability soon.

Overall, the largest strong point of BLRX has been the recent development in their commercial activity. In this September, BioLine RX received the news that APHEXDA, their flagship drug, has just been approved by the FDA to begin commercial testing and activity. This drug, a subcutaneous drug for stem cell transplantation in patients with myeloma, is a major victory in the industry overall due to it being the first stem-cell mobilization product to be approved in 10 years. Expect APHEXDA to carry BLRX to victory, and create profitability.