BLRXNasdaqPharmaceutical PreparationsUS GAAP · USD

BioLineRx Ltd.

BioLineRx Ltd. is an Israel-based biopharmaceutical company focused on developing and commercializing therapeutics in oncology and hematology. Its business centers on clinical-stage drug development, licensed and partnered programs, and the commercialization of motixafortide for stem-cell mobilization in the U.S. and selected ex-U.S. markets through collaborators.

Liikevaihto1,2milj. USD
−95,9 %v/v
Liikevoitto (EBIT)−0,8milj. USD
−427,2 %v/v
EBIT-marginaali−65,7%
−65,2 %-yks.v/v
Nettotulos−1,2milj. USD
+87,3 %v/v
Vapaa kassavirta−8,1milj. USD
+81,6 %v/v

Tilikausi 2025 · muutos edellisvuodesta

Kehitys 2022–2025

−60−40−2002040milj. USD2022: 0,00 milj. USD2022: EBIT −23 milj. USD20222023: 4,8 milj. USD2023: EBIT −58 milj. USD20232024: 29 milj. USD2024: EBIT −0,15 milj. USD20242025: 1,2 milj. USD2025: EBIT −0,78 milj. USD20251,2−0,78
LiikevaihtoLiikevoitto (EBIT)

Liiketoiminta

Osuus liikevaihdosta
Commercialized therapeutics30 %

Approved and marketed drug products for hematology indications.

Clinical-stage oncology programs45 %

Drug candidates in clinical development for cancers such as glioblastoma and pancreatic cancer.

License and collaboration income15 %

Partnering arrangements that can generate milestones, royalties, and other non-product income.

Research and development services10 %

Internal and partnered development activities supporting pipeline advancement.

Asiakkaat

BioLineRx’s direct customers are specialized healthcare providers and treatment centers that use approved hematology products, while its commercialization partner network extends reach across regions. For its pipeline programs, the economic buyers are licensing partners, academic medical centers, and collaborators that fund, study, or commercialize oncology assets. Patient demand is driven by oncology and stem-cell mobilization treatment protocols rather than broad primary-care use.

Transplant and hematology centers

They buy or prescribe APHEXDA for stem-cell mobilization in multiple myeloma patients.

Oncology hospitals and trial sites

They enroll patients into GLIX1 and motixafortide oncology studies and support development.

Commercial partners

They distribute or commercialize the company's approved product in selected geographies.

Academic research collaborators

They participate in sponsored and investigator-led clinical development programs.

Licensing counterparties

They generate milestone and royalty streams tied to partnered assets and territories.

Strategia

BioLineRx’s strategy is to advance a small number of differentiated oncology assets through clinical development while monetizing approved or partnered products where possible. The company also uses licensing, collaboration, and regional commercialization partners to extend reach and reduce the operational burden of global launches. Building GLIX1 and expanding motixafortide into additional oncology settings are central to long-duration pipeline value creation.

Develop GLIX1 in glioblastomaKeskipitkä aikaväli

A first-in-class program can create pipeline differentiation if clinical data support efficacy and safety.

Broaden motixafortide into solid tumorsKeskipitkä aikaväli

Expansion into larger oncology settings can extend the asset beyond stem-cell mobilization.

Leverage commercial partnersLyhyt aikaväli

Partner-led distribution can widen market access while limiting direct commercial infrastructure needs.

Maintain optionality through collaborations and licensingPitkä aikaväli

Milestones and royalties diversify funding sources and lower dependence on any single program.

Maantiede

BioLineRx is headquartered in Modi’in, Israel, and maintains an Israeli operating base with U.S. corporate and commercialization activities. The company’s ADSs trade on Nasdaq Capital Market and its ordinary shares trade on the Tel Aviv Stock Exchange, reflecting a dual-capital-market structure. Commercial activity for motixafortide has included the U.S. and partner-led international markets, while clinical development extends across the U.S., Israel, and Europe through collaborations.

Riskit

BioLineRx depends on clinical development success, regulatory execution, and partner commercialization for much of its value creation. Its exposure is concentrated in a small number of oncology assets, so trial setbacks, slower enrollment, or weaker-than-expected market uptake could have an outsized effect. Like other biotech companies, it also faces valuation and impairment risk on intangible assets, financing dependence, and geopolitical or cross-border operating frictions.

Järjestetty vakavuuden mukaan
MatalaKohtalainenKorkeaMatalaKohtalainenKorkeaVaikutus →Todennäköisyys →Financing and dilution risk1Clinical development setbacks2Partner commercialization risk3Intangible asset impairment4Geopolitical and operating disruption5
Vaikutus on riskin vakavuus ja todennäköisyys sen toteutumisen todennäköisyys lähivuosina, molemmat arvioitu yhtiön raporttien perusteella. Numerot vastaavat listaa.
  1. Financing and dilution riskVaikutus: KorkeaTodennäköisyys: Korkea

    Development-stage biotech often requires external capital before programs generate durable cash flow.

    KohdistuuEquity offeringsDebtMilestone receipts
  2. Clinical development setbacksVaikutus: KorkeaTodennäköisyys: Kohtalainen

    Pipeline value depends on proof of safety and efficacy in oncology trials.

    KohdistuuGLIX1Motixafortide solid-tumor programs
  3. Partner commercialization riskVaikutus: KorkeaTodennäköisyys: Kohtalainen

    Ex-U.S. and some product-market activities rely on third-party execution and market access.

    KohdistuuAyrmidGloria Biosciences
  4. Intangible asset impairmentVaikutus: KorkeaTodennäköisyys: Kohtalainen

    Clinical-stage assets and acquired/indefinite-lived intangibles can be written down if prospects weaken.

    Kohdistuu: Development programs and IP assets

  5. Geopolitical and operating disruptionVaikutus: KeskitasoTodennäköisyys: Kohtalainen

    Israel-based operations and global clinical activity can be affected by regional tensions and volatility.

    KohdistuuIsraelU.SCross-border trials

Kirjanpito

Harkinnanvaraiset erät
Fair value of warrants

Liability-classified warrants are remeasured at each reporting date and depend on share price and model inputs.

Vaikutus: Can create large non-cash swings in other income/expense

Indefinite-lived intangible impairment

Management must assess whether clinical and commercial prospects still support carrying values.

Vaikutus: Potential write-downs if program value declines

Royalty and milestone income

Partner agreements can produce irregular non-operating revenue based on contractual triggers.

Vaikutus: Lumpy income recognition and comparability issues

Foreign exchange hedging

A portion of expenses is NIS-denominated while reporting is in dollars, creating translation and hedge effects.

Vaikutus: Can affect financial expense/income

Julkisesti listattuja yhtiöitä, joilla on samankaltainen liiketoiminta.

Päivitetty: 28.9.2026