Report
David Seynnaeve, PhD

Aelis Farma - FY23 results: cash runway reiterated + 2 clinical readouts within sight

*Last night, Aelis shared its FY23 results, most notably reiterating cash runway until 2025-end, and providing a 2024 outlook.*This year, we primarily look forward to the Ph2b and Ph1/2 readouts for cannabis use disorder (CUD) and Down syndrome (DS), respectively, after the summer. While mid-2024 was previously already indicated for CUD, recruitment hurdles (which have been solved by now) have pushed readout timing for the DS study with a few months (previous guidance end of Q1 '24). On a positive note, this forced Aelis to engage more intensely with the DS community which should benefit the follow-up Ph2 study.*We trim
Underlying
AELIS FARMA SA

Provider
Degroof Petercam
Degroof Petercam

​We are an investment house with Belgian roots founded on more than 150 years of trust.

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Analysts
David Seynnaeve, PhD

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