Mereo BioPharma Group plc (MREO)

NASDAQ: MREO · IEX Real-Time Price · USD
0.789
-0.041 (-4.93%)
At close: Mar 24, 2023, 4:00 PM
0.820
+0.031 (3.99%)
After-hours: Mar 24, 2023, 7:36 PM EDT
-4.93%
Market Cap 98.55M
Revenue (ttm) n/a
Net Income (ttm) -22.59M
Shares Out 124.99M
EPS (ttm) -0.39
PE Ratio n/a
Forward PE n/a
Dividend n/a
Ex-Dividend Date n/a
Volume 551,341
Open 0.829
Previous Close 0.829
Day's Range 0.758 - 0.855
52-Week Range 0.301 - 1.850
Beta 0.84
Analysts Buy
Price Target 4.34 (+450.41%)
Earnings Date Mar 30, 2023

About MREO

Mereo BioPharma Group plc, a biopharmaceutical company, develops and commercializes therapeutics for the treatment of oncology and rare diseases in the United Kingdom and internationally. Its lead product candidate, etigilimab (OMP-313M32), an antibody T-cell immunoreceptor with Ig and ITIM domains, which is in Phase 1b clinical trial for the treatment of tumor. The company is also developing Navicixizumab (OMP-305B83), which has completed Phase 1b clinical trials for the treatment of the late line ovarian cancer; Acumapimod (BCT-197), a p38 MA... [Read more]

Industry Biotechnology
Sector Healthcare
Founded 2015
Employees 49
Stock Exchange NASDAQ
Ticker Symbol MREO
Full Company Profile

Financial Performance

Financial numbers in GBP Financial Statements

Analyst Forecast

According to 10 analysts, the average rating for MREO stock is "Buy." The 12-month stock price forecast is $4.34, which is an increase of 450.41% from the latest price.

Price Target
$4.34
(450.41% upside)
Analyst Consensus: Buy
Stock Forecasts

News

Mereo BioPharma Provides Regulatory Updates on Alvelestat for the Treatment of Alpha-1-Antitrypsin Deficiency-Associated Lung Disease

Clear path forward with proposed single Phase 3 study evaluating alvelestat at the 240 mg dose level versus placebo at 12-18 months for potential full approval in both the U.S. and EU

5 days ago - GlobeNewsWire

Mereo BioPharma to Participate in Fireside Chat at the SVB Securities Global Biopharma Conference

LONDON, Feb. 08, 2023 (GLOBE NEWSWIRE) -- Mereo BioPharma Group plc (NASDAQ: MREO) (“Mereo” or the “Company”), a clinical-stage biopharmaceutical company focused on rare diseases and oncology, today a...

1 month ago - GlobeNewsWire

MEREO BIOPHARMA (MREO) Loses 25.2% in 4 Weeks, Here's Why a Trend Reversal May be Around the Corner

The heavy selling pressure might have exhausted for MEREO BIOPHARMA (MREO) as it is technically in oversold territory now. In addition to this technical measure, strong agreement among Wall Street ana...

4 months ago - Zacks Investment Research

Mereo BioPharma Received Notification of Nasdaq Minimum Bid Price Deficiency

LONDON, Nov. 02, 2022 (GLOBE NEWSWIRE) -- Mereo BioPharma Group plc (NASDAQ: MREO), (“Mereo” or the “Company”), a clinical-stage biopharmaceutical company focused on oncology and rare diseases, today ...

5 months ago - GlobeNewsWire

Mereo BioPharma Reaches Cooperation Agreement with Rubric Capital Management

Mereo to Appoint Four New Directors to its Board of Directors

5 months ago - GlobeNewsWire

Mereo BioPharma to Host Alvelestat R&D Update Call on October 31, 2022

LONDON, Oct. 24, 2022 (GLOBE NEWSWIRE) -- Mereo BioPharma Group plc (NASDAQ: MREO), (“Mereo” or “the Company”), a clinical-stage biopharmaceutical company focused on rare diseases and oncology, today ...

5 months ago - GlobeNewsWire

Mereo BioPharma Files Shareholder Circular for Upcoming General Meeting

Reiterates Quality and Composition of Mereo's Significantly Refreshed Board, which has the Right Skills and Experience to Guide Mereo's Strategy and Maximize Shareholder Value

5 months ago - GlobeNewsWire

Rubric Capital Management Comments on Mereo BioPharma Updated Operating Plan

NEW YORK--(BUSINESS WIRE)--Rubric Capital Management LP (“Rubric”), an investment advisor whose funds and accounts collectively own approximately 14% of the outstanding equity of Mereo BioPharma Group...

5 months ago - Business Wire

Mereo BioPharma Announces Updated Operating Plan to Maximize Shareholder Value

Targets 40% Reduction in Headcount and Significant Expense Reductions as Company Continues to Guide Lead Programs Through Upcoming Value Creating Milestones

5 months ago - GlobeNewsWire

Mereo BioPharma Receives FDA Fast Track Designation for Alvelestat for Treatment of Alpha-1 Antitrypsin Deficiency (AATD)-associated Lung Disease

Designation Validates Alvelestat's Potential to Address a Serious Unmet Need

5 months ago - GlobeNewsWire

Mereo BioPharma Confirms Receipt of a Valid Notice Requiring it to Convene a General Meeting of Shareholders

Rubric has Rejected Mereo's Reasonable Settlement Proposal and has Escalated its Costly, Distracting Proxy Campaign to Now Seek Control of Mereo's Board

6 months ago - GlobeNewsWire

Rubric Capital Management Increases Slate of Proposed Mereo BioPharma Director Nominees to Five

NEW YORK--(BUSINESS WIRE)--Rubric Capital Management LP (“Rubric”), an investment advisor whose funds and accounts collectively own approximately 14% of the outstanding equity of Mereo BioPharma Group...

6 months ago - Business Wire

Mereo BioPharma Offered to Settle Proxy Contest with Rubric Capital Management by Putting Rubric Principal and Second New Director on the Board

Rubric Summarily Rejected the Proposal and Refused to Provide a Counteroffer

6 months ago - GlobeNewsWire

Rubric Capital Management Issues Open Letter to Mereo BioPharma Shareholders

NEW YORK--(BUSINESS WIRE)--Rubric Capital Management LP (“Rubric”), an investment advisor whose funds and accounts collectively own approximately 14% of the outstanding equity of Mereo BioPharma Group...

6 months ago - Business Wire

Mereo BioPharma Reports Clinical Update and Interim Biomarker Analysis Presented at ESMO 2022 from ACTIVATE Phase 1b/2 Open Label Study of Etigilimab (Anti-TIGIT Antibody MPH-313) plus Nivolumab (Anti-PD-1 Antibody) in Solid Tumors

Data support further evaluation of PVR, CD226, and TIGIT as potential biomarkers of enrichment for etigilimab plus anti-PD1 therapy

6 months ago - GlobeNewsWire

Mereo BioPharma Sends Letter to Rubric Capital Management

Letter Reiterates Mereo's Updated Strategic Plan to Maximize Value for All Shareholders and Corrects Rubric's Assumptions

7 months ago - GlobeNewsWire

Mereo BioPharma Regains Compliance with Nasdaq Minimum Bid Price Requirement

LONDON and MOUNTAIN VIEW, Calif., July 05, 2022 (GLOBE NEWSWIRE) -- Mereo BioPharma Group plc (NASDAQ: MREO), (“Mereo” or “the Company”), a clinical-stage biopharmaceutical company focused on rare dis...

9 months ago - GlobeNewsWire

Mereo BioPharma (MREO) Up as AstraZeneca Reportedly Eyes Buyout

Shares of Mereo BioPharma (MREO) surge after reports suggest that AstraZeneca (AZN) is interested in acquiring it.

9 months ago - Zacks Investment Research

Why Mereo BioPharma Shares Are Jumping Today

AstraZeneca plc (NASDAQ: AZN) is rumored to be eyeing take over of Mereo BioPharma Group plc (NASDAQ: MREO), according to a report in The Times. The Times' report says that "Mereo would accept $5, equ...

10 months ago - Benzinga

AstraZeneca weighing bid for Mereo BioPharma: report

AstraZeneca AZN, +0.48% AZN, +0.42% is considering a bid for London-based, U.S.-listed biotech Mereo BioPharma MREO, +16.03% , The Times reported without attribution. AstraZeneca already is a partner ...

Other symbols: AZN
10 months ago - Market Watch

Mereo BioPharma Announces the Presentation of Updated Data From a Phase 1b/2 Study of Etigilimab as a Poster at the 2022 American Society of Clinical Oncology Annual Meeting

Phase 1b/2 Study of Etigilimab and Nivolumab in Subjects with Select Locally Advanced or Metastatic Solid Tumors (ACTIVATE)

10 months ago - GlobeNewsWire

Mereo BioPharma Shares Jump After Encouraging Alvelestat Data In Lung Disease

Mereo BioPharma Group plc (NASDAQ: MREO) has announced topline efficacy and safety results from ASTRAEUS Phase 2 study of alvelestat (MPH-966) in severe alpha-1 antitrypsin deficiency-(AATD) associate...

11 months ago - Benzinga

Mereo BioPharma to Host Conference Call Highlighting Top-line Clinical Data from “ASTRAEUS” Phase 2 Study of Alvelestat

Call scheduled for Monday, May 9, 2022 at 10:30 a.m. ET Call scheduled for Monday, May 9, 2022 at 10:30 a.m. ET

11 months ago - GlobeNewsWire

Mereo BioPharma to Host Conferene Call Highlighting Top-line Clinical Data from “ASTRAEUS” Phase 2 Study of Alvelestat

Call scheduled for Monday, May 9, 2022 at 10:30 a.m. ET Call scheduled for Monday, May 9, 2022 at 10:30 a.m. ET

11 months ago - GlobeNewsWire

MEREO BIOPHARMA (MREO) Loses 38.7% in 4 Weeks, Here's Why a Trend Reversal May be Around the Corner

MEREO BIOPHARMA (MREO) is technically in oversold territory now, so the heavy selling pressure might have exhausted. This along with strong agreement among Wall Street analysts in raising earnings est...

1 year ago - Zacks Investment Research