Report
Victor Floc’h

BIOCARTIS BUY | EUR13.5 A mixed bag in 2019 but a clearer path forward and solid fundamentals still

Underwhelming FY19 results
Core OncotypeDX & MSI tests on track to turn the tide in '21
US turnaround not clear (yet).
Buy rating reiterated on the back of an attractive valuation
Underlying
Biocartis Group NV

Biocartis Group NV is a Belgium-based company, which specializes in the development of molecular diagnostic systems, especially for the treatment of cancers and infectious diseases, the products ensure the analysis of biomolecules associated with risk factors, early detection, treatment selection and monitoring of disease. The group has the Idylla system to deliver results within a period of between 35 to 150 minutes.

Provider
Bryan Garnier
Bryan Garnier

Since 1996, Bryan, Garnier & Co has been growing with an absolute conviction that the investment banking landscape would experience a major revolution: most of the large local generalist banking groups will disappear to the benefit of a handful of global powerhouses, and an emerging group of independent, highly specialised boutique investment banks.

Analysts
Victor Floc’h

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