MorphoSys AG: Staying On The Sidelines

Jan. 06, 2023 12:45 PM ETMorphoSys AG (MOR) Stock, MPSYF StockMOR, MPSYF1 Comment
JP Research
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Summary

  • MorphoSys caps off a year of bad news with the departure of its CFO.
  • With gantenerumab done for now, the key P&L driver will be Monjuvi, a product that had consistently disappointed post-launch.
  • While the stock has been de-rated accordingly, it's hard to underwrite an investment here, given the thin pipeline.

Modern Medical Research Laboratory: Two Scientists Wearing Face Masks use Microscope, Analyse Sample in Petri Dish, Discuss Innovative Technology. Advanced Scientific Lab for Medicine, Biotechnology

gorodenkoff

MorphoSys AG (MOR), a biotech company focused on therapeutic antibodies, ended 2022 with a slew of bad news. Experimental Alzheimer's treatment gantenerumab, previously pegged as a key future growth driver, failed to live up to expectations in late-stage studies, while otilimab, a rheumatoid

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