Formycon AG/€FYB

06:30
10:10
13:45
17:25
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About Formycon AG

Formycon AG is a biotechnology company based in Planegg, Germany, specializing in the development of biosimilar products. The company focuses primarily on creating biosimilar versions of top-selling biopharmaceuticals, addressing fields such as ophthalmology and immunology. Known for its significant expertise in protein and biopharmaceutical development, Formycon leverages its proprietary technical platform to advance its biosimilar pipeline. The company's strategic positioning includes partnerships with other pharmaceutical firms to co-develop and commercialize its biosimilar candidates. Formycon's competitive strength lies in its robust development capabilities and focus on high-growth therapeutic areas.

Ticker

€FYB
Sector

Primary listing

XETRA

Employees

245

Formycon AG Metrics

BasicAdvanced
€341M
-
-€9.60
0.55
-

Bulls say / Bears say

Regulatory tailwinds boost pipeline economics: the FDA’s plan to streamline biosimilar approvals by reducing clinical trial requirements is expected to accelerate development timelines and lower costs, directly benefiting Formycon’s advanced programs (Reuters turn11news13).
Interchangeability designation drives market access: the FDA granted Otulfi® (FYB202) interchangeable status in May 2025, enabling pharmacy-level substitution in the U.S. and likely enhancing uptake and payer coverage (Investing.com turn13search0).
Strengthened liquidity via bond financing: an oversubscribed €70 million corporate bond issued in July 2025 bolstered working capital and secures funding for late-stage development and commercialization activities (Formycon H1 Press Release turn6view0).
Significant revenue volatility: H1 2025 revenues fell to €9.0 million from €26.9 million a year earlier, reflecting a project transition phase and illustrating dependency on milestone payments and development service fees for cash flow (Formycon H1 Press Release turn6view0).
Continued unprofitability: Adjusted EBITDA for H1 2025 was €-19.2 million, and full-year 2025 guidance remains an EBITDA loss between €-20.0 million and €-10.0 million, highlighting ongoing cash burn ahead of expected profitability in 2026 or later (Formycon H1 Press Release turn6view0).
Dependence on legacy biosimilar: FYB201 revenues dropped to €0.6 million in Q1 2025 from €1.9 million in Q1 2024 after a U.S. commercialization pause, underscoring reliance on at-equity contributions from Bioeq AG and exposing revenue concentration risk (Formycon Q1 Press Release turn5view0).
Data summarised monthly by Lightyear AI. Last updated on 31 Oct 2025.
Data displayed above is indicative only and its accuracy or completeness is not guaranteed. Actual execution price may vary. Past performance is not indicative of future results. Your return may be affected by currency fluctuations and applicable fees and charges. Capital at risk.
Market data provided by CBOE Europe and Deutsche Börse.

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