
Bioline RX (BLRX) Stock Forecast & Price Target
Bioline RX (BLRX) Analyst Ratings
Bulls say
BioLine Rx Ltd exhibits a positive financial outlook due to several key developments within its pipeline and strategic partnerships. The approval to commercialize APHEXDA in China, coupled with strong initial data for motixafortide in treating sickle cell disease, underlines the company's expanding market presence and potential revenue growth. Additionally, significant formulary placements at top transplant centers and a doubling in the number of centers ordering APHEXDA point to an increasing commercial profile and enhanced operational capacity.
Bears say
BioLine Rx Ltd faces significant financial challenges, as its revenue for the third quarter of 2024 was relatively modest at $4.9 million, primarily derived from upfront payments rather than sustainable sales. The company is projected to have cash reserves of approximately $20 million, which, while sufficient to fund operations into 2026, will be strained if clinical trials are unsuccessful or if there is difficulty in securing additional funding for drug development. Furthermore, the company’s reliance on collaborations and external partnerships, such as the tiered royalty arrangement with Ayrmid Ltd., raises concerns regarding future revenue generation and the ability to effectively commercialize its therapeutic candidates.
This aggregate rating is based on analysts' research of Bioline RX and is not a guaranteed prediction by Public.com or investment advice.
Bioline RX (BLRX) Analyst Forecast & Price Prediction
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