Report
Khalid Deojee

GENEURO: Nothing to chew for neither bulls nor bears | BUY | EUR4 VS. EUR6 (+26%)

GENEURO
BUY | EUR4 VS. EUR6


Nothing to chew for neither bulls nor bears

º A disappointing plateau for Pharmas?

º Partnering has become riskier

º Valuable newsflow until 4Q22 cash runway

º TP adjusted to EUR4 vs EUR6
Underlying
GeNeuro SA

GeNeuro SA. Geneuro SA is a Switzerland-based clinical stage pharmaceutical company that develops treatments for autoimmune diseases, including multiple sclerosis (MS) and other diseases associated with human endogenous retroviruses (HERV). The Company's main product, GNbAC1, is a humanized monoclonal antibody that is in clinical development phase IIb. GNbAC1 neutralizes the MSRV-Env protein rather than targeting the patient's immune system, and slows down or even halts the progression of multiple sclerosis. The Company's main shareholders are Eclosion2, a launching platform for new companies in the life sciences field, bioMerieux SA, which specializes in vitro diagnostics for medical and industrial applications, Institut Merieux, a private equity company, and Servier, an independent French pharmaceutical company.

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
Khalid Deojee

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