BPD Research
Long/short equity

Array BioPharma: An Exciting Year Ahead

2013 will be an exciting year for Array BioPharma Inc. (NASDAQ:ARRY) as it transitions into a late-stage development company. It has a diverse pipeline of drugs with up to six potential Phase III decisions over the next year. ARRY also enjoys potentially lucrative partnerships with several large pharmaceutical companies, including Amgen (NASDAQ:AMGN), Astra Zeneca (NYSE:AZN), Celgene (NASDAQ:CELG), Genentech, and Novartis (NYSE:NVS). The potential for significant milestone and royalty revenue from these partnerships is offset by the length of time before any of the drugs may reach commercialization and the inherent risks of drug development.

Pipeline Overview

(click to enlarge)

Source: March 2013 Investor Presentation

ARRY currently has four drugs in...

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