BioLineRx

BioLineRx

BLRX
Modi'in, Israel· Est.
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BLRX · Stock Price

USD 3.10+0.45 (+16.98%)
Market Cap: $14.2M

Historical price data

Market Cap: $14.2MPipeline: 19 drugs (2 Phase 3)Founded: 2003Employees: 11-50HQ: Modi'in, Israel

Overview

BioLineRx is a publicly traded, Israeli biotech company with a mission to develop best-in-class therapies for oncology and rare diseases. Its core strategy involves in-licensing and advancing novel drug candidates through clinical proof-of-concept, exemplified by the successful FDA approval and out-licensing of its stem cell mobilizer, motixafortide (APHEXDA®). The company has now pivoted back to a lean development model, focusing its resources on a promising new joint venture for GLIX1 in glioblastoma and a partnered Phase 2b trial in pancreatic cancer.

OncologyRare Diseases

Technology Platform

A proprietary drug development platform focused on the strategic in-licensing and integrated clinical advancement of novel therapeutic candidates through proof-of-concept, rather than a single scientific technology.

Pipeline

19
19 drugs in pipeline2 in Phase 3
DrugIndicationStageWatch
BL-8040 1.25 mg/kg + G-CSF + Placebo +G-CSFMultiple MyelomaPhase 3
CYP-1020 + RisperidoneSchizophreniaPhase 2/3
BL-8040Acute Myelogenous LeukemiaPhase 2
BL - 1020 + BL - 1020 + Placebo + RisperidoneSchizophreniaPhase 2
BL-1020 + BL 1020 High DoseSchizophreniaPhase 2

Funding History

4
Total raised:$120M
PIPE$25M
IPO$60M
Series B$25M
Series A$10M

Opportunities

The primary near-term opportunities are the clinical validation of GLIX1, a first-in-class oral therapy for glioblastoma, and positive data from the partnered Phase 2b trial of motixafortide in pancreatic cancer, which operates at minimal cost.
Successful proof-of-concept in either program could lead to significant value creation through partnerships or further development.

Risk Factors

Key risks include clinical failure of the concentrated pipeline (GLIX1 or motixafortide in PDAC), financial constraints given the micro-cap status, and dependency on partners for the advancement of major programs.
The company's valuation is highly sensitive to binary clinical outcomes.

Competitive Landscape

BioLineRx faces intense competition in both glioblastoma and pancreatic cancer from large pharma and biotech companies. Its differentiation lies in novel mechanisms (GLIX1's DNA damage response targeting) and a unique drug development model that has already proven capable of achieving FDA approval and strategic partnerships.

Company Timeline

2003Founded

Founded in Modi'in, Israel

2007Series B

Series B: $25.0M

2011IPO

IPO — $60.0M

2020PIPE

PIPE: $25.0M