AMEBA Amoeba SA

Edison issues report on Amoéba (ALMIB)

Edison Investment Research Limited
Edison issues report on Amoéba (ALMIB)

21-Jun-2024 / 12:36 GMT/BST
The issuer is solely responsible for the content of this announcement.


 

London, UK, 21 Juni 2024

 

Edison issues report on Amoéba (ALMIB)

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The issuer is solely responsible for the content of this announcement.


End of Announcement - EQS News Service

1930811  21-Jun-2024 

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21/06/2024

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Reports on Amoeba SA

Guy Sips
  • Guy Sips

Amoéba Capital increase to support its industrial and commercial rollo...

We updated our model (new € 1.5 Target Price, Buy) after Amoéba announced the closure of its capital increase to support its industrial and commercial rollout. Amoeba has therefore raised a gross amount of €14m, including €9m in cash contributed by institutional and individual investors, and €5m by offsetting receivables bringing the number of shares to 68.9m. Amoéba indicated they now have sufficient financial resources to support its industrial and commercial growth and create value for its ...

Thomas Vranken
  • Thomas Vranken

Amoéba Exemption from obligation to destroy trial crops in France

The French regulator ANSES has granted an exemption for Amoéba's biocontrol product Axpera, allowing crop trials without the usual requirement to destroy the harvest. This exemption, which applies to both open-field and greenhouse crops affected by various diseases, supports ongoing evaluations and follows recent regulatory milestones in France and the EU. While no material commercial sales are expected yet in 2025, the move is seen as another strong endorsement of Amoéba's innovative technology...

Thomas Vranken
  • Thomas Vranken

Amoéba EU approval for Axpera's active substance

Amoéba has received final approval from the European Commission for the active substance of its biocontrol product, Axpera, marking it as a low-risk substance. This milestone concludes a five-year EU validation process and positions the company for commercialisation in Europe, with marketing authorisation applications underway in nine countries and decisions expected by late 2025/early 2026. We maintain a Buy rating with € 1.8 TP.

Thomas Vranken
  • Thomas Vranken

Amoéba Partnership with Koppert signed

Amoéba has finalized a major five-year distribution agreement with Dutch biocontrol leader Koppert for its biofungicide Axpera, following a memorandum of understanding signed in December 2024. The deal grants Koppert exclusive rights across 18 European countries and the US, with a product launch expected in early 2026 under Koppert's brand. Production will occur at Amoéba's Chassieu site and via CDMO partners. The companies also plan to co-develop new biofungicide solutions. While financial term...

Thomas Vranken
  • Thomas Vranken

Amoéba Unanimously positive EU vote on active substance as biocontrol

Amoéba received unanimous positive votes from all 27 EU Member States for its active substance to be used as a low-risk biocontrol. The vote followed a positive scientific opinion from EFSA in January 2025 and now paves the way for the European Commission to formalize the approval through an implementing regulation. The vote supports Amoéba's plans to commercialize its biocontrol product Axpera, with first EU sales expected by late 2025 or 2026, as the final product is already undergoing regulat...

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