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OTCM
FYBGF
Market cap388mUSD
, Last price  
USD
Name

Formycon AG

Chart & performance

D1W1MN
OTCM:FYBGF chart
P/E
—
P/S
—
EPS
—
Vol. 1Y
—
Shs. 5Y
9.94%
Rev. 5Y
5.38%
Div Yld LY
—
Div Yld TTM
—
Revenues
44m
-36.17%
20,00049,2520138,430276,17312,585,01716,924,98719,532,99529,003,53642,993,51733,157,17534,226,93936,613,00042,497,00077,696,00069,674,00044,476,000
Net income
-65m
L-48.52%
-191,0000-1,290,00000860,326577,518-4,066,129-1,581,3827,098,615-2,293,287-6,729,000-13,290,00035,992,00075,795,000-125,672,000-64,696,000
CFO
11m
P
0038,6002,159,000-16,651,000-32,166517,000-5,038,400-4,171,19813,298,900-1,506,100-5,208,000-13,541,000-18,994,000-9,848,000-23,221,00010,783,000

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Profile

Formycon AG, established in 1999 and headquartered in Planegg, Germany, focuses on the creation and commercialization of biosimilar pharmaceutical products. The company's diverse pipeline includes several key drug candidates. Prominently featured is FYB201, a biosimilar designed to emulate Lucentis, which is an ophthalmic medication prescribed for conditions such as neovascular age-related macular degeneration and other serious eye diseases. Additionally, FYB202 is a biosimilar version of Stelara, a biologic drug utilized in managing inflammatory conditions like moderate to severe psoriasis, as well as Crohn's disease and ulcerative colitis; this compound is currently undergoing Phase III clinical trials. Another significant project is FYB203, a biosimilar replicating Eylea, also in Phase III clinical trials for the treatment of neovascular age-related macular degeneration and various other ocular ailments. Beyond these, Formycon is also progressing with the development of FYB206, and FYB207, an antiviral agent aimed at treating COVID-19. To ensure the stability of its pipeline products, the company has forged a partnership with Leukocare AG for formulation development. The company, initially known as Nanohale AG, officially rebranded as Formycon AG in 2012.

Key people

Wolfgang Essler
Chairman of the Supervisory Board · since 2024
Chairman of the Supervisory Board · since 2010
Stefan Glombitza
Chief Executive Officer, Member of the Executive Board · since 2022
Peter Wendeln
Deputy Chairman of the Supervisory Board · since 2020
Nicola Mikulcik
Member of the Executive Board, Chief Business Officer · since 2022
Andreas Seidl
Chief Scientific Officer, Member of the Executive Board · since 2022
Enno Spillner
Chief Financial Officer, Member of the Executive Board · since 2023
Bodo Coldewey
Independent Member of the Supervisory Board · since 2024
Independent Member of the Supervisory Board · since 2024
Member of the Supervisory Board · since 2020
IPO date
Dec 20, 2010
Employees
224
Domiciled in
DE
Incorporated in
DE
Headquarters & legal address
Fraunhoferstraße 15
Planegg, BY 82152
DE

Valuation

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