CUTX-101 is a small molecule commercialized by Fortress Biotech, with a leading Phase III program in Menkes Disease (Kinky Hair Disease). According to Globaldata, it is involved in 4 clinical trials, of which 2 were completed, and 2 are ongoing. GlobalData uses proprietary data and analytics to provide a complete picture of CUTX-101’s valuation in its risk-adjusted NPV model (rNPV). Buy the model here.
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The revenue for CUTX-101 is expected to reach an annual total of $29 mn by 2034 globally based off GlobalData’s Expiry Model. The drug’s revenue forecasts along with estimated costs are used to measure the value of an investment opportunity in that drug, otherwise known as net present value (NPV). Applying the drug’s phase transition success rate to remaining R&D costs and likelihood of approval (LoA) to sales related costs provides a risk-adjusted NPV model (rNPV). The rNPV model is a more conservative valuation measure that accounts for the risk of a drug in clinical development failing to progress.
CUTX-101 Overview
CUTX-101 (Copper histidinate) is under development for the treatment of Menkes disease. The drug candidate is administered through subcutaneous route. Copper histidine acts as a replacement therapy.
Fortress Biotech Overview
Fortress Biotech is a biopharmaceutical company. The company’s main activities include identifying and evaluating promising products and product candidates for potential acquisition. It is involved in the development and commercialization of biopharmaceutical products through its subsidiaries and partner companies. The company’s product portfolio includes Qbrexza, Accutane, Amzeeq, and Zilxi, which are marketed by its partner company Journey Medical Corporation. These products are primarily used in dermatology for treating conditions such as hyperhidrosis, acne, and rosacea. It has a product pipeline that includes candidates developed with partners in areas such as oncology, rare diseases, and gene therapy. Fortress Biotech is headquartered in Bay Harbor Islands, Florida, the US.
The company reported revenues of (US Dollars) US$84.5 million for the fiscal year ended December 2023 (FY2023), an increase of 11.6% over FY2022. The operating loss of the company was US$145.7 million in FY2023, compared to an operating loss of US$203.6 million in FY2022. The net loss of the company was US$60.6 million in FY2023, compared to a net loss of US$86.6 million in FY2022.
The company reported revenues of US$14.9 million for the second quarter ended June 2024, an increase of 14.3% over the previous quarter.
For a complete picture of CUTX-101’s valuation, buy the drug’s risk-adjusted NPV model (rNPV) here.
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GlobalData, the leading provider of industry intelligence, provided the underlying data, research, and analysis used to produce this article.
To create this model, GlobalData takes into account factors including patent law, known and projected regulatory approval processes, cash flows, drug margins and company expenses. Combining these data points with GlobalData’s world class analysis creates high value models that companies can use to help in evaluation processes for each drug or company.
The rNPV method integrates the probability of a drug reaching a clinical stage into the cash flow at that time, which provides a more accurate valuation, as it considers the probability that the drug never makes it through the clinical pathway to commercialization. GlobalData’s rNPV model uses proprietary likelihood of approval (LoA) and phase transition success rate (PTSR) data for the indication in the highest development stage, which can be found on GlobalData’s Pharmaceutical Intelligence Center.
