Report
Hugo Solvet

NICOX: 2Q 19 : Vyzulta slow uptake and amended Kreos financing deal | BUY | EUR17 vs EUR19)

NICOX - BUY | EUR17 vs EUR19(+283%)
2Q 19 : Vyzulta slow uptake and amended Kreos financing deal

2Q revenues driven by milestones and upfront
Slow uptake of Vyzulta
Maturing organisation delivering on proprietary pipeline
Amended Kreos deal opens the door to other alternatives
Underlying
Nicox SA

Nicox is engaged in the ophthalmic market. Co. markets several ophthalmic products in the United States and Europe with a portfolio of therapies and diagnostic tools that can help people to enhance their sight. Co. has developed naproxcinod, the first member of the Cyclooxygenase-Inhibiting Nitric Oxide-Donating (CINOD) class of anti-inflammatory agents, for the treatment of the signs and symptoms of osteoarthritis. Beyond naproxcinod, Co. has a pipeline containing multiple nitric oxide-donating NCEs, which are in clinical development with partners for the treatment of diseases, such as hypertension, glaucoma and Chronic Obstructive Pulmonary Disease (COPD).

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
Hugo Solvet

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