Arcellx, Inc., together with its subsidiary, engages in the development of various immunotherapies for patients with cancer and other incurable diseases in the United States. The company’s lead ddCAR product candidate is anitocabtagene autoleucel, which is in phase 2 clinical trial for the treatment of patients with relapsed or refractory multiple myeloma (rrMM). It also develops ACLX-001, a product candidate in Phase 1 clinical trials targeting BCMA to treat rrMM; ARC-SparX programs in Phase 1 trials; and ACLX-002, which is in Phase 1 clinical trials that targets CD123 for treating relapsed or refractory acute myeloid leukemia (AML) and myelodysplastic syndrome (MDS). In addition, the company preclinical product includes ACLX-003 for the treatment of AML and MDS. Further, the company focuses on the development of product candidates for solid tumor programs. It has a strategic alliance with Kite Pharma, Inc. to co-develop and co-commercialize anitocabtagene autoleucel. The company was formerly known as Encarta Therapeutics, Inc. and changed its name to Arcellx, Inc. in January 2016. Arcellx, Inc. was incorporated in 2014 and is headquartered in Redwood City, California.
Promising Myeloma Therapy | Arcellx's anito-cel shows potential best-in-class efficacy and safety in multiple myeloma treatment, with 97% overall response rate in clinical trials |
Market Disruption Ahead | Analysts project CAR-T therapies could capture 30% of multiple myeloma market, positioning Arcellx for significant growth in a competitive landscape |
Financial Horizon | Despite current losses, Arcellx maintains strong liquidity. Analysts forecast EPS of -$1.47 for FY 2023, -$1.53 for FY 2024, and -$4.27 for FY 2025 |
Bullish Outlook | Analysts maintain strong buy consensus with high target of $134. Barclays and Canaccord set price targets at $115 and $121, respectively |
Metrics to compare | ACLX | Sector Sector - Average of metrics from a broad group of related Healthcare sector companies | Relationship RelationshipACLXPeersSector | |
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P/E Ratio | −24.0x | −1.8x | −0.5x | |
PEG Ratio | 0.13 | −0.07 | 0.00 | |
Price/Book | 9.3x | 2.9x | 2.6x | |
Price / LTM Sales | 50.7x | 66.2x | 3.3x | |
Upside (Analyst Target) | 55.5% | 181.9% | 43.5% | |
Fair Value Upside | Unlock | 10.6% | 6.9% | Unlock |