Revenue for Cendakimab is expected to have a CAGR of 47.09% through 2038

Cendakimab is a Monoclonal Antibody owned by Bristol-Myers Squibb, and is involved in 13 clinical trials, of which 6 were completed, 6 are ongoing, and 1 is planned.

Cendakimab (RPC-4046) binds to the IL-13 epitope that prevents its binding to both interleukin-13 receptor (IL-13R) alpha1 and (IL-13R) alpha2. This results in the inhibition of secretion of IL-13. IL-13 is a pro-inflammatory cytokine that is implicated in the eosinophilic esophagitis (EoE). Thus the drug candidate inhibits the IL-13 mediated inflammatory reactions. 

The revenue for Cendakimab is expected to reach a total of $2.3bn through 2038. This change impacts the valuation of this asset and is an important factor to understand the current value of the drug in a clinical process. View the complete picture with the Cendakimab NPV Report.

Cendakimab was originated by AbbVie and is currently owned by Bristol-Myers Squibb.

Cendakimab Overview

cendakimab (RPC-4046, CC-93538) is under development for the treatment of eosinophilic esophagitis (EoE), eosinophilic gastroenteritis and moderate to severe atopic dermatitis (AD), systemic lupus erythematosus. It is administered through intravenous and subcutaneous route. The drug candidate is a recombinant humanized, high affinity, anti-interleukin-13 (IL-13) monoclonal antibody. It was also under development for the treatment of asthma and immunology.

Bristol-Myers Squibb Overview

Bristol-Myers Squibb (BMS) is a specialty biopharmaceutical company that is engaged in discovery, development, licensing and manufacturing, marketing, distribution and sale of medicines and related medical products to patients with serious diseases. Its primary focus is on cancer, cardiovascular, immunology and fibrotic therapeutic projects. The company offers its products across the world to wholesalers, retail pharmacies, hospitals, medical professionals and government entities. BMS provides its products in the US, Europe, and Japan. The company conducts research to focus on the discovery and development of novel medicines that address serious diseases in areas of significant unmet medical need. BMS is headquartered in New York City, New York, the US.

The company reported revenues of (US Dollars) US$46,385 million for the fiscal year ended December 2021 (FY2021), an increase of 9.1% over FY2020. The operating profit of the company was US$8,615 million in FY2021, compared to an operating loss of US$6,847 million in FY2020. The net profit of the company was US$6,994 million in FY2021, compared to a net loss of US$9,015 million in FY2020.
The company reported revenues of US$11,218 million for the third quarter ended September 2022, a decrease of 5.6% over the previous quarter.

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