RAC 0.00% $1.69 race oncology ltd

Ann: Race to present at IRD Invest virtual, investor conference, page-48

ANNOUNCEMENT SPONSORED BY PLUS500
ANNOUNCEMENT SPONSORED BY PLUS500
CFD TRADING PLATFORM
CFD Service. Your Capital is at risk
CFD TRADING PLATFORM CFD Service. Your Capital is at risk
ANNOUNCEMENT SPONSORED BY PLUS500
CFD TRADING PLATFORM CFD Service. Your Capital is at risk
  1. 11,249 Posts.
    lightbulb Created with Sketch. 29637
    DrT also mentioned Keytruda which is a Merck oncology drug.

    Keytruda (pembrolizumab) for the treatment of advanced melanoma and metastatic non-small-cell lung cancer (NSCLC) in patients whose tumors express PD-L1 with disease progression following other therapies; Emend (aprepitant) for the prevention of chemotherapy-induced and post-operative nausea and vomiting; and Temodar (temozolomide) (marketed as Temodal outside the United States), a treatment for certain types of brain tumors.

    Here's the revenue profile for Keytruda (data from annual reports):
    • 2015: USD $566M
    • 2016: USD $1,402M (YoY 248%)
    • 2017: USD $3,809M (YoY 272%)
    • 2018: USD $7,171M (YoY 188%)
    • 2019: USD $11,084M (YoY 155%)
    So that is average annual revenue growth for this new cancer drug 216%, so you can see why handsome sums can be paid for oncology pipelines.

    So that gives perspective of revenue potential for an inhibitor treatment.
 
watchlist Created with Sketch. Add RAC (ASX) to my watchlist
arrow-down-2 Created with Sketch. arrow-down-2 Created with Sketch.