MorphoSys

MorphoSys AG
Aktiengesellschaft
Traded as FWB: MOR
Industry Biotechnology
Founded 1992 (1992)
Headquarters Martinsried, Germany
Key people
Simon Moroney (founder and CEO), Gerald Möller (Chairman of the supervisory board)
Products Antibodies
Revenue €87.0 million (2010)[1]
€9.8 million (2010)[1]
Profit €9.2 million (2010)[1]
Total assets €212.6 million (end 2010)[1]
Total equity €185.9 million (end 2010)[1]
Number of employees
460 (end 2010)[1]
Website www.morphosys.com

MorphoSys AG is a German biotechnology company. It is involved in the development and research of antibodies.[2] TecDAX has listed MorphoSys since 2004.

Technology

MorphoSys generates human antibodies that contain 100% human proteins.[3] The company has named this technology 'HuCal' (Human Combinatorial Antibody Library), and is an antibody production method based on phage display.

Patent dispute with Cambridge Antibody Technology

Both MorphoSys and Cambridge Antibody Technology based their therapeutic antibody discovery technologies on phage display. Due to the significant CAT patent estate the two came together from 1999 to 2002 in a number of patent disputes that were eventually settled.[4] Timeline of disputes:

The companies agreed to terms under which MorphoSys will be free to develop and commercialise its HuCAL technologies. CAT undertook not to sue MorphoSys in relation to present HuCAL GOLD libraries and all future derivatives thereof. In addition, MorphoSys received a licence to the CAT patent estate in respect of previous HuCAL libraries.

CAT received an annual payment of 1 million over the next five years. It was to also receive other financial consideration from MorphoSys’ activities related to its HuCAL GOLD libraries for a defined period of time. CAT would receive milestone and royalty payments under the licence for products developed using previous HuCAL libraries. In addition, CAT would receive an equity stake of 588,160 ordinary shares in MorphoSys under the licence agreement. MorphoSys retained the option to buy out its obligations to CAT for a pre-defined fixed amount at any time during the duration of the agreement.[14]

History

In January 2013, Bio-Rad purchased AbD Serotec, a division of MorphoSys AG that sold antibodies.[15]

Pipeline

MorphoSys has numerous candidates in its clinical development pipeline.[16]

As of October 2012, its most advanced drug candidate is MOR103, a fully human HuCAL antibody directed against GM-CSF (granulocyte macrophage-colony stimulating factor), developed in the area of inflammatory diseases, i.e. rheumatoid arthritis.[17]

References

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