MoFo BioMeter - Vol. 2, Issue 3, August 2013 - Q2 BioMeter Encouraging for Products from Early Development through Phase 2

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The average BioMeter value in the second quarter of 2013 was $22.2 million, an increase from the $16.3 million value in the first quarter (excluding BMS/Rickets and AZ/Moderna), and down from $59.4 million in the first quarter (including BMS/Rickets and AZ/Moderna). The increase was driven largely by increases in BioMeter value for Phase 1 and Phase 2 transactions. The BioMeter value for Phase 1 transactions increased to $39.3 million in the second quarter from $15.0 million in the prior quarter, driven largely by the MorphoSys/Celgene transaction for MOR202. Excluding that transaction, the BioMeter for Phase 1 transactions in the first quarter held relatively steady at $13 million. The BioMeter value for Phase 2 transactions increased to $38.1 million in the second quarter from $7.4 million in the first quarter, returning to more typical levels. The BioMeter value for pre-cinical and discovery transactions remained relatively constant at $10.5 million.

Compared to the second quarter of 2012, the average BioMeter also increased, with increases in pre-clinical and discovery ($10.5 million vs. $5.5 million), Phase 1 ($39.3 million vs. $11.1 million) and Phase 2 ($38.1 million vs. $27.5 million). With few reported Phase 3 and approved product transactions in either quarter, it is hard to draw conclusions about trends in value in those categories.

Please see full issue below for more information.

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