OV-329 is a small molecule commercialized by Ovid Therapeutics, with a leading Phase I program in Seizures. According to Globaldata, it is involved in 1 clinical trial, which is ongoing. GlobalData uses proprietary data and analytics to provide a complete picture of OV-329’s valuation in its risk-adjusted NPV model (rNPV). Buy the model here.
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The revenue for OV-329 is expected to reach an annual total of $254 mn by 2037 in the US 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.
OV-329 Overview
Ovid Therapeutics Overview
Ovid Therapeutics is a biopharmaceutical company that primarily focus on developing treatments for neurological disorders. The company’s main activities carries out the development of targeted small molecule therapies. Its products in development include OV329, a next-generation GABA aminotransferase inhibitor, and OV888, a highly selective ROCK2 inhibitor, in collaboration with graviton biosciences. Ovid Therapeutics‘ therapies are designed to serve patients with epilepsies and seizures. The company operates in the US. Ovid Therapeutics is headquartered in New York city, New York, the US.
The company reported revenues of (US Dollars) US$0.4 million for the fiscal year ended December 2023 (FY2023), a decrease of 73.9% over FY2022. The operating loss of the company was US$59.3 million in FY2023, compared to an operating loss of US$55.6 million in FY2022. The net loss of the company was US$52.3 million in FY2023, compared to a net loss of US$54.2 million in FY2022.
The company reported revenues of US$0.2 million for the second quarter ended June 2024, an increase of 14.2% over the previous quarter.
For a complete picture of OV-329’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.
