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EDISON INVESTMENT RESEARCH LIMITED Edison Investment Research Limited: Edison issues outlook on SymBio Pharmaceuticals (4582)

Directive transparence : information réglementée

10/09/2020 09:46

Edison Investment Research Limited
Edison Investment Research Limited: Edison issues outlook on SymBio Pharmaceuticals (4582)

10-Sep-2020 / 08:46 GMT/BST


 

London, UK, 10 September 2020

Edison issues outlook on SymBio Pharmaceuticals (4582)

SymBio is approaching a major transition as it prepares to begin internal marketing of its lead product Treakisym (bendamustine), launch new liquid formulations of the drug and expand the market with new indications. At the same time, the company is moving past the recent clinical results from the Phase III study where rigosertib did not meet its primary endpoint and is determining the future direction of its pipeline product brincidofovir. We are taking this time to provide our clinical and commercial outlook.

 

We have lowered our valuation to ¥37.6bn or ¥1,068 per share from ¥39.0bn or ¥1,144 per share. This was driven by removing rigosertib from our models. Additionally, we have adjusted brincidofovir for the new AdV indication, which increased this program's valuation to ¥1,062m from ¥882m.


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About Edison: Edison is an investment research and advisory company, with offices in North America, Europe, the Middle East and AsiaPac. The heart of Edison is our world-renowned equity research platform and deep multi-sector expertise. At Edison Investment Research, our research is widely read by international investors, advisers and stakeholders. Edison Advisors leverages our core research platform to provide differentiated services including investor relations and strategic consulting.

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Edison is not an adviser or broker-dealer and does not provide investment advice. Edison's reports are not solicitations to buy or sell any securities.

For more information please contact Edison:

Nathaniel Calloway, +1 646 653 7036

Wiktoria O'Hare, +1 646 653 7028

healthcare@edisongroup.com

 

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1129795  10-Sep-2020 

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