Impressive Clinical Data from Actinium Presented at the American Society of Hematology (ASH) Annual Meeting!
Good day everyone,
Today we are continuing coverage of, Actinium Pharmaceuticals, Inc. (NYSE: ATNM), a late stage biopharmaceutical company.
Current price $10.98 per share
ATNM shares gapped at the open in Monday’s trading session, opening at $11.65/share before turning back to fill that gap and consolidate at the current price.
Those of us, including many of our members, have watched the progress of Actinium for a while and we believe that ATNM has reached a milestone in its clinical trials that may be a catalyst for the company shares.
The news from the American Society of Hematology (ASH) Annual Meeting that we talked about earlier is coming out. The conference began over the weekend and ends Tuesday the 8th. We want to discuss some of the ATNM highlights from the conference. The data presented at the conference is great news for the company and shareholders alike.
The news from the ASH Meeting has also inspired at least three analysts to update their coverage on ATNM with reports dated Monday, December 7th. We’ve included target prices and highlights from the analyst’s reports further down in this newsletter. All three analysts cited below have rated ATNM shares “buy to outperform”.
Iomab-B via the monoclonal antibody BC8, targets CD45, is an antigen widely expressed on leukemia and lymphoma cancer cells, B cells and stem cells. Lomab-B is in a phase III clinical trial and is ATNM’s lead product candidate
Through 75% of patient enrollment, 100% (49/49) of patients receiving a therapeutic dose of Iomab-B in SIERRA have successfully proceeded to Bone Marrow Transplant (BMT) compared to 16% (9/56) of patients in the control arm who received physician’s choice of salvage therapies.
Further, the SIERRA trial indicated lower rates of non-relapse transplant related mortality, sepsis, infections, and mucositis reported in patients receiving Iomab-B compared to patients on the control arm receiving salvage therapies
The release of these data is a huge affirmation of lomab-B and the SIERRA trial. ATNM has been in the SIERRA trial for a long time, devoting a significant amount of its resources and effort. The data also present a giant leap in treatment potential for those suffering from Refractory Acute Myeloid Leukemia and candidates for Bone Marrow Transplant.
In another presentation at the ASH conference the company discussed data from its Phase I trial of Actimab-A CLAG-M Chemotherapy in Relapsed/Refractory AML, which is being conducted at the Medical College of Wisconsin. The data revealed:
100% remission rate in the third dose cohort of 0.75 μCi/kg of Actimab-A (lintuzumab-225Ac) and standard regimen of CLAG-M
70% of patients achieving remission were MRD negative with remissions and MRD negativity reported in all dose cohorts.
We have linked a couple press releases below, announcing these data releases in more detail:
Actinium Announces Positive Interim Results from Iomab-B Pivotal Phase 3 SIERRA Trial at 75% of Total Patient Enrollment
Actinium Presents Interim Data from Actimab-A CLAG-M Phase 1 Combination Trial
Though the ASH Meeting is still ongoing at this writing, the analysts are already covering the ATNM presentation
William Blair – “Our belief is that the final results (at interim or at primary analysis) of the ongoing Phase III SIERRA trial will likely be one of the most impactful events in the company’s history. Based on our discounted cash flow analysis, we ascribe roughly a $11.50 per share fair value to the Iomab-B program, as a targeted conditioning regimen candidate for acute myeloid leukemia. Given the favorable risk/reward profile, we reiterate our Outperform rating on Actinium shares.”
Jones Trading – “Our average of DCF/NPV/PE based valuations indicate $40 price target. Key contributors to our price target in NVP model are Iomab-B in r/r AML — contributing $26/share, followed by $6/share from Actimab in r/r MDS and $2/share from IomabB in r/r MM. Cash ($4/share) and technology value ($8/share) contribute to the remainder of our price target.”
H.C. Wainwright & Co. – “We reiterate our Buy rating and $65 price target. Our valuation is based on our clinical net present value (NPV) model, which allows us to flex multiple assumptions affecting a drug’s potential commercial profile. Our valuation is primarily based on the initial Iomab-B opportunity for AML, representing 97% contribution currently (59% U.S. and 38% E.U.) with the remainder coming from Actimab, which is in earlier stages of development.”
Actinium’s Clinical Trials
Actinium currently has multiple clinical trials ongoing including the Phase 1 Actimab-A CLAG-M and Phase 1/2 Actimab-A venetoclax combination trials and is exploring additional CD33 ARC combinations with other therapeutic modalities such as chemotherapy, targeted agents, or immunotherapy.
Let’s review some facts about ATNM that indicate growth potential:
Tiny float 12.7 million shares
Proprietary, patented technology
Late-stage successful clinical trial
High institutional ownership
Long term cash runway
Chart setup indicates potential breakout
While insider ownership is relatively low at ATNM, 44 institutions have accumulated over 22% of the company shares with six institutions owning over 100,000 shares each. These pros may see potential in ATNM.
Again, the data released at ASH for the Phase III SIERRA trial is a big milestone for ATNM combined with these analyst targets could act as a catalyst for the company shares in the near to mid-term.
Stay Tuned and stay informed,
The Traders News Group
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