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What is the current valuation of Axsome Therapeutics’s Esreboxetine

Esreboxetine is a small molecule commercialized by Axsome Therapeutics, with a leading Phase III program in Fibromyalgia (Fibromyalgia Syndrome). According to Globaldata, it is involved in 17 clinical trials, of which 11 were completed, and 6 were terminated. GlobalData uses proprietary data and analytics to provide a complete picture of Esreboxetine’s valuation in its risk-adjusted NPV model (rNPV). Buy the model here.

The revenue for Esreboxetine is expected to reach an annual total of $51 mn by 2032 in the US based off GlobalData’s Expiry Model. The drug’s revenue forecasts along with estimated costs are used to measure the value of an investment opportunity in that drug, otherwise known as net present value (NPV). Applying the drug’s phase transition success rate to remaining R&D costs and likelihood of approval (LoA) to sales related costs provides a risk-adjusted NPV model (rNPV). The rNPV model is a more conservative valuation measure that accounts for the risk of a drug in clinical development failing to progress.

Esreboxetine Overview

SS-RBX (S,S-Reboxetine, esreboxetine) is under development for the treatment of fibromyalgia. S,S-Reboxetine is administered through oral route. The drug candidate acts by targeting sodium dependent noradrenaline transporter.

It was also under development for the treatment of chronic painful diabetic peripheral neuropathy, postherpetic neuralgia, and stress urinary incontinence.

Axsome Therapeutics Overview

Axsome Therapeutics (Axsome) is a biopharmaceutical company that develops and commercializes therapies for the treatment of central nervous system (CNS) disorders. The company’s pipeline product portfolio comprises AXS-05, for treatment of resistant depression, smoking cessation and agitation in Alzheimer’s disease, AXS-07, for treatment of migraine, AXS-12, for symptoms of narcolepsy, and AXS-14, for treatment of fibromyalgia. The company supplies its products through internal sales, distributors, and an internal marketing group in the US and outside the US. Axsome is headquartered in New York, the US.
The operating loss of the company was US$124.7 million in FY2021, compared to an operating loss of US$100.4 million in FY2020. The net loss of the company was US$130.4 million in FY2021, compared to a net loss of US$102.9 million in FY2020.
The company reported revenues of US$16.9 million for the third quarter ended September 2022, an increase of 91% over the previous quarter.

For a complete picture of Esreboxetine’s valuation, buy the drug’s risk-adjusted NPV model (rNPV) here.

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