DBV Technologies: Valuation Remains Largely Unchanged

 | Jun 11, 2015 08:43AM ET

Further VIPES responder analyses at EAACI
Additional data from DBV Technologies (PARIS:DBV)’s Phase IIb VIPES trial have been presented at EAACI. A further post hoc analysis applying more rigorous efficacy criteria reinforces the strength of the existing data, in our view. DBV also hosted a well-attended physician symposium, highlighting interest in DBV’s Viaskin products and helping to raise broader awareness, both key for a successful launch. Our valuation is largely unchanged at $1,357m.