LONDON, April 10, 2015 /PRNewswire/ --
Edison Investment Research, a leading international investment research firm, announces coverage of a company intending to conduct a registered public offering in the United States.
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Cardio3 has disclosed an aggressive and ambitious clinical trial programme to develop its novel Natural Killer CAR therapy. Currently starting a Phase I in AML and MM, Cardio3 aims to start one solid tumour trial per quarter once an initial AML/MM efficacy signal is detected. This potentially moves Cardio3 into large, valuable indications, well away from the crowded space around ALL. Cardio3’s core value is based on C-Cure cardiac cell therapy. Adding CAR AML and MM therapies takes the indicative value to €985m, €121/share. Solid tumour indications might add €519m, €64/share, but are not currently included as still preclinical. Comparable US CAR companies have high valuations on limited clinical data: Juno $5.2bn; Kite $2.4bn. Cardio3 has announced a US IPO.
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For more information please contact:
Dr John Savin
Edison Investment Research
+44(0)20-3077-5735
Christian Glennie
Edison Investment Research
+44(0)20-3077-5727
healthcare@edisongroup.com
SOURCE Edison Investment Research
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