- XBiotech is an interesting biotech focused on developing True Human antibodies, i.e. derived from natural human immune responses.
- The company has been in existence since 2005. Its one major success has been the sale of dermatology treatment bermekimab to Janssen in a $1.3m deal.
- XBiotech has its own fully owned campus and research facilities primarily targeting infectious diseases and IL-1a therapeutics.
- With a market cap of $560m and $300m of near-term cash, arguably, the company is an intriguing investment opportunity, but the lack of a near-term pipeline is concerning.
- There is a potentially strong COVID therapy in development which could be combined with a flu treatment, but official clinical trials have not begun. It's hard to see where the pipeline value is.
For further details see:
XBiotech: True Human Antibody Developer Needs More Candidates In The Clinic