www.immupharma.com
ImmuPharma plc is a drug discovery and development company. The Company, along with its subsidiaries, is principally engaged in investing in pharmaceutical research and development companies. The Company has operations in Mulhouse, France and Basle, Switzerland. The ImmuPharma plc focuses to develop drugs to treat serious medical conditions. It has five drugs in development to treat: lupus, cancer, severe pain, highly resistant infections, such as methicillin-resistant staphylococcus aureus (MRSA) and inflammatory and allergic disorders. Its wholly owned subsidiaries include ImmuPharma (UK) Limited, which is a holding company; ImmuPharma (France) SA, which is engaged in pharmaceutical research and development, and ImmuPharma AG, which is engaged in pharmaceutical research and development.
ImmuPharma's future partner Teva may focus on Lupuzor after its failed MS trial, says Panmure
Investment bank Panmure Gordon believes ImmuPharma (LON:IMM) could benefit from doubts about the efficacy of Israeli firm Teva Pharmaceuticals’ drug for multiple sclerosis.
Yesterday, it emerged that Teva’s Laquinimod drug, a candidate to treat multiple sclerosis, failed to meet its primary endpoint in a phase III trial.
Teva is currently finalising its acquisition of US drug firm Cephalon, which is Immupharma's development partner for the Lupus drug candidate Lupuzor - which is being prepared for its own Phase III clinical trial.
Panmure analyst Savvas Neophytou reckons Teva may now have more interest in the Lupuzor drug as a result of the failed trial, and as such Teva is less likely to back out of Lupuzor's development and pass the rights back to Immupharma.
Results from Teva's two-year phase III trial, to treat relapsing-remitting multiple sclerosis, had been eagerly awaited to provide clinical proof of concept. But the candidate did not significantly reduce annualised relapse rate when compared to placebo.
Teva had been expected to return its rights over Lupuzor once it had completed its acquisition of Cephalon, but Panmure believes that Teva will be motivated to focus its attention on the Lupus drug.
Panmure, which has a ‘buy’ view of ImmuPharma, has conducted a sum-of-the-parts valuation for Lupuzor that it said leads to a price target of 150 pence each for the firm’s shares.
By 11:30am today, ImmuPharma’s share price was down 2.5 per cent at 78 pence.



















