MOLOGEN AG (FRA:MGN) DGAP-News: MOLOGEN AG: Research coverage by MainFirst starts with 'Outperform' recommendation

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19/02/2019 09:16

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DGAP-News: MOLOGEN AG / Key word(s): Research Update
MOLOGEN AG: Research coverage by MainFirst starts with 'Outperform' recommendation

19.02.2019 / 09:16
The issuer is solely responsible for the content of this announcement.

PRESS RELEASE N 3 / 2019 of 02/19/2019

MOLOGEN AG: Research coverage by MainFirst starts with "Outperform" recommendation

Berlin, 19 February 2019 - The biopharmaceutical company MOLOGEN AG February
(ISIN DE000A2LQ900, SIN A2L Q90) today announced that MainFirst Bank AG, Frankfurt am Main, has initiated research coverage of MOLOGEN AG. According to the initial assessment, MainFirst recommends the shares of MOLOGEN AG as an "Outperform" with a price target of EUR16.60 per share.

Including MainFirst, MOLOGEN is now covered by three research institutions. Edison Investment Research sees the fair value of the MOLOGEN share at EUR18.20 and First Berlin Equity Research has issued a buy recommendation with a target price of EUR28.90 per share.

"We are very pleased that an internationally renowned institution such as MainFirst has started the research coverage of our Company. This is an important further step in increasing our international presence and visibility in the capital markets," said Dr Ignacio Faus, MOLOGEN's CEO.

MOLOGEN AG is a biopharmaceutical Company and a pioneer in the field of immunotherapy on account of its unique active agents and technologies. Alongside a focus on immuno-oncology, MOLOGEN develops immunotherapies for the treatment of infectious diseases.
The focus of the development work is on the product family of DNA-based TLR9 agonists. This includes the lead compound lefitolimod and the next-generation molecule family EnanDIM(R).

The immunotherapeutic agent lefitolimod is the Company's lead compound and is currently being investigated in a pivotal trial. It is regarded as the best-in-class TLR9 agonist. Treatment with lefitolimod triggers a broad and strong activation of the immune system. On account of this mode of action, lefitolimod could potentially be used in various indications. Lefitolimod is currently being developed within the framework of a pivotal study for first line maintenance therapy for colorectal cancer. Key data of the phase II IMPULSE study in extensive-stage small cell lung cancer (ES-SCLC) and the data from the extension phase of the TEACH study in HIV have been published. In addition, lefitolimod is currently being investigated in a phase I combination study with the checkpoint inhibitor ipilimumab (Yervoy(R)) in various cancer indications. Along with various checkpoint inhibitors, lefitolimod, which is being investigated as part of a phase III clinical trial currently, is one of the few near-to-market product candidates in the field of immuno-oncology.
MOLOGEN's pipeline focus is on new innovative immunotherapies to treat diseases for which there is a great medical demand in particular.

MOLOGEN AG is a publicly listed Company, headquartered in Berlin. The shares (ISIN, DE000A2LQ900/SIN: A2L Q90) are listed in the Prime Standard of the German Stock Exchange.

Claudia Nickolaus

Head of Investor Relations & Corporate Communications
Tel: +49 - 30 - 84 17 88 - 38
Fax: +49 - 30 - 84 17 88 - 50

Certain statements in this communication contain formulations or terms referring to the future or future developments, as well as negations of such formulations or terms, or similar terminology. These are described as forward-looking statements. In addition, all information in this communication regarding planned or future results of business segments, financial indicators, developments of the financial situation or other financial or statistical data contains such forward-looking statements. The company cautions prospective investors not to rely on such forward-looking statements as certain prognoses of actual future events and developments. The company is neither responsible nor liable for these forward-looking statements. It is not responsible for updating such information, which only represents the state of affairs on the day of publication.


19.02.2019 Dissemination of a Corporate News, transmitted by DGAP - a service of EQS Group AG.
The issuer is solely responsible for the content of this announcement.

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Fabeckstraße 30
14195 Berlin
Phone: 030 / 841788-0
Fax: 030 / 841788-50
ISIN: DE000A2LQ900
Listed: Regulated Market in Frankfurt (Prime Standard); Regulated Unofficial Market in Berlin, Dusseldorf, Hamburg, Munich, Stuttgart, Tradegate Exchange

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