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BioLineRx and Hemispherian Launch Joint Venture to Develop GLIX1 for Glioblastoma

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BioLineRx and Hemispherian Launch Joint Venture to Develop GLIX1 for Glioblastoma

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Bioline RX Ltd Sponsored ADR ( (BLRX) ) has issued an update.

On September 29, 2025, BioLineRx Ltd. announced a joint venture with Hemispherian AS to develop GLIX1, an innovative oral small molecule targeting DNA damage response in glioblastoma and other tumors. The joint venture will see Hemispherian holding 60% of the shares, with BioLineRx holding 40%, potentially increasing to 70% with further investment. The venture aims to address the significant unmet need in glioblastoma treatment, a market expected to exceed $3.8 billion annually by 2030. The FDA has cleared an IND application for a Phase 1/2a study of GLIX1, anticipated to begin in Q1 2026, highlighting the potential impact on BioLineRx’s operations and market positioning.

The most recent analyst rating on (BLRX) stock is a Hold with a $3.50 price target. To see the full list of analyst forecasts on Bioline RX Ltd Sponsored ADR stock, see the BLRX Stock Forecast page.

Spark’s Take on BLRX Stock

According to Spark, TipRanks’ AI Analyst, BLRX is a Neutral.

The overall stock score is primarily influenced by the company’s financial performance and technical analysis. Despite significant revenue growth, ongoing profitability challenges and high leverage weigh heavily on the score. The bearish technical indicators further contribute to a cautious outlook. Valuation concerns, highlighted by a negative P/E ratio, also impact the score. While the earnings call provided some positive insights, it was not included in the weighted calculation.

To see Spark’s full report on BLRX stock, click here.

More about Bioline RX Ltd Sponsored ADR

BioLineRx Ltd. is a biopharmaceutical company focused on developing therapies for oncology and rare diseases. The company is known for its first approved product, APHEXDA® (motixafortide), used for stem cell mobilization in multiple myeloma. BioLineRx is also involved in developing treatments for metastatic pancreatic cancer and has established a joint venture to develop GLIX1, a small molecule targeting DNA damage response in glioblastoma and other solid tumors.

Average Trading Volume: 34,397

Technical Sentiment Signal: Sell

Current Market Cap: $16M

For detailed information about BLRX stock, go to TipRanks’ Stock Analysis page.

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