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OncoMed Pharmaceuticals Inc

No Longer Reporting

The company has not filed an annual or quarterly report since its FY2018 10-K, filed Mar 7, 2019. Its latest SEC filing is a 15-12B from May 3, 2019.

The sections below describe the company as of the FY2018 annual report.

What Did They Do?

Develops investigational cancer therapies aimed at cancer growth, resistance, recurrence and spread, for people with solid tumors and other cancers.

How Did They Make Money?

Pharmaceutical partners pay upfront fees, development milestones and research-cost reimbursements; Celgene's agreement also provides option payments and royalties on product sales.

FY2018 revenue

Who Were Their Customers?

Pharmaceutical companies pay OncoMed under research collaboration agreements; its collaborators included Celgene and Bayer, with GSK identified as a former collaborator.

Did Revenues Turn Into Profits?

No. It lost $8.1M in FY2018.

Operating income, FY2018
−23% of revenue
▼ −75% (Loss) vs FY2017 (−$41M, −107%)
Net income, FY2018
−18% of revenue
▼ −79% (Loss) vs FY2017 (−$39.1M, −102%)
Free cash flow, FY2018
−102% of revenue
▼ −47% (Loss) vs FY2017 (−$85.6M, −224%)

How Were They Changing?

Since the FY2018 annual report
  • Apr 23, 2019 OncoMed completed its merger with Mereo OncoMed shares converted into Mereo depositary shares and contingent value rights; it requested Nasdaq delisting.

Grew. Revenue grew 12% in 4 years, from $39.6M in FY2014 to $44.4M in FY2018, about 3% a year.

Pipeline focus The older report described a wider set of cancer-drug programs, including demcizumab, tarextumab, vantictumab and ipafricept; the latest centers on navicixizumab and etigilimab and says GITRL-Fc will not advance beyond its current trial.

Collaboration roster The older report described collaborations with GSK, Bayer and Celgene; the latest identifies Celgene and Bayer as current collaborators and GSK as a former collaborator.

Who Did They Compete With?

Competes with AbbVie, ABL Bio, Genentech (Roche), Merck, Bristol-Myers Squibb, Arcus Biosciences, Amgen, Astellas, AstraZeneca, Bayer, Celgene, GSK, Johnson & Johnson, Lilly, Merck Serono, Novartis, Pfizer, Regeneron, Sanofi, and Teva

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