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Heidelberg Pharma expands partnership with Huadong Medicine to jointly develop new ADCs
Heidelberg Pharma and Huadong Medicine have signed an expanded cooperation agreement to jointly research and advance early development of new antibody–drug conjugates (ADCs). The collaboration covers up to six target molecules and combines Heidelberg’s ATAC® technology with Huadong’s R&D capabilities and new toxin payloads. The goal is next‑generation ADCs, including bispecific and multispecific formats as well as dual‑payload candidates, with ownership of development candidates to be allocated according to each party’s contributions. » More on de.investing.com
Heidelberg Pharma sets RP2D for HDP-101 and launches Phase IIa in multiple myeloma
Heidelberg Pharma has established the recommended Phase II dose (RP2D) for the ADC candidate HDP-101 (pamlectabart tismanitin), thereby completing the Phase I portion of the ongoing study. The Safety Review Committee recommended the step after reviewing safety, tolerability and pharmacokinetic data; pamlectabart was well tolerated across all doses and a maximum tolerated dose was not reached. Promising efficacy signals were observed in the higher cohorts, so recruitment into the Phase IIa part with up to 30 patients is expected to begin in the coming weeks. Detailed safety and efficacy data and the selection of the RP2D will be presented at a scientific conference. » More on de.investing.com
Heidelberg Pharma cuts 75% of jobs and focuses on HDP-101
Heidelberg Pharma is reducing its workforce by about 75% and concentrating resources on its lead ADC program HDP-101 after a regulatory setback at Telix that delayed expected milestone payments. For 2025 the company reported a net loss of €42.3 million, negative equity and reduced cash; through a revised financing it received an advance payment of $20 million and extends its runway to mid-2027. The HDP-101 study shows encouraging response rates in higher dose cohorts, dose escalation continues and a recommended phase‑II dose is expected in H1 2026. HDP-102 has been suspended and is available for partnerships; management expects higher revenues for 2026 (€11–15 million) and substantially lower operating expenses. » More on de.investing.com
Financials
| (EUR) | August 2026 | YoY |
|---|---|---|
| Revenue | 1.92M | 3,974.60% |
| Gross profit | 974.68K | 2,562.37% |
| Net profit | -5.26M | 37.81% |
| EBITDA | -5.4M | 45.44% |
Fundamentals
| Metric | Value |
|---|---|
Market capitalization | €97.31M |
Number of shares | 46.78M |
52-week high/low | €3.34 - €1.98 |
| Dividends | No |
Beta | 0.76 |
P/E ratio | -3.25 |
PEG ratio | 0.07 |
P/B ratio | -4.84 |
P/S ratio | 10.44 |
Company profile
Heidelberg Pharma AG, a biopharmaceutical company, focuses on oncology and antibody targeted amanitin conjugates (ATAC) in Germany, other European countries, the United States, and internationally. Its lead product candidate is HDP-101, which in the Phase I/IIa study for the treatment of relapsed or refractory multiple myeloma. It is developing HDP-102 for the treatment of non-Hodgkin lymphoma; HDP-103, an ATAC candidate to treat metastatic castration-resistant prostate cancer; HDP-104 for tumors; and HDP-XX for the treatment of solid/hematological tumors. The company is also developing MGTA-ATACs for HSCs, conditioning programs to treat blood cancers/genetic diseases; TAK-ATACs for oncology; and TLX250-CDx, a diagnostic antibody for imaging diagnostics of renal cancer in Phase III trials; urothelial carcinoma or bladder cancer in Phase I study; and triple-negative breast cancer in Phase II study. In addition, the company develops TLX250 (girentuximab), a therapeutic antibody, which is in Phase II study for patients with advanced clear cell renal cell carcinoma; RHB-107, an oral serine protease inhibitor that is in Phase II/III study to treat COVID-19, as well as for the treatment of advanced cholangiocarcinoma; and LH011 for pancreatic cancer. It has licensing agreement and strategic partnership with Huadong Medicine Co., Ltd. for the development and commercialization rights for HDP-101 and HDP-103 in Asia. The company was formerly known as Wilex AG and changed its name to Heidelberg Pharma AG in October 2017. Heidelberg Pharma AG was founded in 1997 and is based in Ladenburg, Germany.
| Name | Heidelberg Pharma |
| CEO | Dongzhou Liu |
| Headquarters | Ladenburg,
bw Germany |
| Website | |
| Sector | Health Care |
| Industry | Biotechnology |
| IPO | 11/13/2006 |
| Employees | 33 |
Deep Dive
Ticker symbols
| Exchange | Symbol |
|---|---|
XETRA | HPHA.DE |
Frankfurt | HPHA.F |
DĂĽsseldorf | HPHA.DU |
Hamburg | HPHA.HM |
London | 0QW5.L |
SIX | WL6.SW |
MĂĽnchen | HPHA.MU |