Opexa Therapeutics: Personalized Immunotherapy For MS

 | Nov 30, 2015 07:20AM ET

Personalized immunotherapy for MS
Opexa’s Tcelna immunotherapy is advancing in Phase IIb studies in secondary progressive MS (SPMS), with data expected in H216. The firm is fully funded to Phase II data which, if positive, could sharply increase investor and stakeholder interest. Merck KGaA (N:MRK) has an option to in-license Tcelna in MS. Opexa (O:OPXA) is also developing OPX-212 in neuromyelitis optica (NMO), a rare autoimmune disorder leading to vision loss and paralysis. Opexa plans to file an IND and start a Phase I/II study in H116. Our rNPVderived equity valuation is $51m.