Dave Johnson, Managing Partner at Caligan Partners, makes his second appearance to discuss his thesis on MorphoSys AG (FSE: MOR; NASDAQ: MOR), including: history of the company, change in business strategy from a royalty play to traditional biotech, Pelabresib clinical trials for Myelofibrosis indication and more!
For more information about Dave Johnson and Caligan Partners, please visit: https://www.caliganpartners.com/
Chapters:
[0:00] Introduction + Episode sponsor: Stream by Alphasense
[1:47] What is MorphoSys $MOR and why is it so interesting?
[9:58] How and why Caligan Partners got involved in $MOR
[19:34] What is Pelabresib and why Dave/Caligan are excited about this with regard to $MOR
[27:27] Clinical trial enrollment for Pelabresib / Constellation Pharmaceuticals acquisition
[33:09] Next steps for Pelabresib
[36:04] Dave's thoughts on the timing of Pelabresib being approved (if approved)
[38:25] Pressure on biotech management teams from boards to get deals done
[40:56] Probability of success of Pelabresib and how do you value $MOR as a result
[47:16] Constellation Pharmaceuticals acquisition process
[50:25] Buying back convertible bonds and why that was an accretive transaction
[52:55] Final thoughts on $MOR
Today's episode is sponsored by: Stream by Alphasense
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