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Actinogen Medical Investor Research Update

  • Published October 13, 2016 11:22AM UTC
  • Publisher Wholesale Investor
  • Categories Company Updates

September 27, 2016

Actinogen Medical (ASX:ACW) met again with Baker Young Stockbrokers to discuss Xanamem™’s past research and recent initiation of XanADu, a Phase II clinical trial in Alzheimer’s disease (AD).

Best Risk vs Reward Play in Alzheimer’s Dementia

Baker Young maintains coverage of Actinogen Medical with a BUY recommendation and value ACW $0.39 per share base case and $1.12 per share optimistic case using the probability weighted DCF methodology.

Alastair Murray
Analyst, Baker Young Corporate

We see XanADu, the Phase II trial of Xanamem™ for the treatment of mild Alzheimer’s disease positioning Actinogen amongst significantly larger peers (see Table inside report). Going forward Actinogen has a strong cash position to progress through the pivotal Phase II clinical trial, which the company hopes will show Xanamem™ to be an effective and safe treatment for mild Alzheimer’s disease. We believe positive results from this Phase II trial will likely result in a significant partnering transaction (potential for a total deal size of up to $1B upfront & milestones + royalties) given the current unmet market need, comparable similar transactions and Big Pharma’s desire to bring new effective treatments for dementia to market. We believe ACW at current levels represents compelling value on a risk-reward basis”

To view the Baker Young Report, please click on the button below.

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