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    C4XD   GB00BQQ2RV18

C4X DISCOVERY HOLDINGS PLC

(C4XD)
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C4X Discovery Shares Jump on Sanofi Licensing Agreement

04/12/2021 | 01:19am EDT

By Adria Calatayud

Shares in C4X Discovery Holdings PLC rose Monday after the company said it has signed a licensing agreement with French pharmaceutical major Sanofi SA to develop a preclinical program as an oral therapy for inflammatory diseases.

C4XD, a London-listed drug-discovery company, said it will receive an upfront payment of 7 million euros ($8.3 million) in addition to potential preclinical milestones of EUR11 million, and clinical and commercial milestones plus royalties. The licensing agreement could be worth up to EUR414 million, the company said.

The agreement is for C4XD's oral IL-17A inhibitor program, the company said. Sanofi will continue to work with the C4XD team as the program advances toward clinical studies, C4XD said.

This is C4XD's second major licensing deal with a global pharmaceutical company, it said.

Shares in C4XD at 0700 GMT were up 28% at 51 pence.

Write to Adria Calatayud at adria.calatayud@dowjones.com

(END) Dow Jones Newswires

04-12-21 0319ET

Stocks mentioned in the article
ChangeLast1st jan.
C4X DISCOVERY HOLDINGS PLC -6.25% 37.5 Delayed Quote.26.98%
SANOFI -0.34% 84.3 Real-time Quote.7.48%
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Financials
Sales 2021 6,00 M 8,33 M 8,33 M
Net income 2021 - - -
Net cash 2021 16,1 M 22,3 M 22,3 M
P/E ratio 2021 -
Yield 2021 -
Capitalization 86,2 M 120 M 120 M
EV / Sales 2021 11,7x
EV / Sales 2022 -
Nbr of Employees 46
Free-Float 73,7%
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Mean consensus BUY
Number of Analysts 1
Average target price 52,00 GBX
Last Close Price 40,00 GBX
Spread / Highest target 30,0%
Spread / Average Target 30,0%
Spread / Lowest Target 30,0%
Managers and Directors
NameTitle
Clive James Dix Chief Executive Officer & Executive Director
Bradley Richard Hoy Chief Financial Officer & Executive Director
Eva-Lotta Allan Non-Executive Chairman
Craig Fox Chief Scientific Officer & Executive Director
Harry Finch Independent Non-Executive Director
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