Ultimovacs is developing novel immunotherapies against cancer. Its lead product candidate, UV1, is a peptide-based vaccine against the universal cancer antigen telomerase (hTERT), which is expressed in c 85% of all cancer types. UV1 therefore has a broad potential in a variety of different settings and combinations.
Novel drug projects in oncology comprise the lion’s share of total R&D investments in the industry. Around 85% of all cancer types express high levels of hTERT, which means that UV1 has a broad potential in a variety of different settings, including combinations with other cancer treatments.
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Carlos de Sousa
CEO
Gustav Gaudernack
CSO
Hans Vassgård Eid
CFO
Jens Bjørheim
CMO
Ton Berkien
CBO
Forecast net debt (NOKm)
N/A
Forecast gearing ratio (%)
N/A
% | 1M | 3M | 12M |
---|---|---|---|
Actual | (12.4) | (95.0) | (94.5) |
Relative | (14.9) | (95.4) | (95.0) |
52 week high/low | NOK160.4/NOK6.3 |
Ultimovacs is focused on developing a cancer vaccine with universal potential. Lead asset UV1 activates the immune system to recognise cancer cells that express hTERT, which is present in c 85–90% of all cancer types. For this reason, UV1 has broad potential in a variety of cancers and in combination with other treatments. The company’s R&D strategy is to combine UV1 with checkpoint inhibitors due to an expected treatment synergy. The R&D programme includes five Phase II trials in different solid tumours, which will enrol more than 600 patients in total, with readouts across 2023–25. While UV1 has demonstrated efficacy in mesothelioma (NIPU), recent results in melanoma (INITIUM) did not show the expected added benefit with UV1. The next readouts in head and neck cancer (FOCUS) are expected in Q324.
Y/E Dec | Revenue (NOKm) | EBITDA (NOKm) | PBT (NOKm) | EPS (fd) (öre) | P/E (x) | P/CF (x) |
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2022A | 0.0 | (181.0) | (167.8) | (489.9) | N/A | N/A |
2023A | 0.0 | (213.0) | (189.2) | (550.1) | N/A | N/A |
2024E | N/A | N/A | N/A | N/A | N/A | N/A |
2025E | N/A | N/A | N/A | N/A | N/A | N/A |