BioArctic (Buy, TP: SEK250.00) - Eisai initiates filing for lecanemab
BioArctic’s partner Eisai last night announced it was initiating a rolling submission in the US for accelerated approval for lecanemab (previously BAN2401). The application will be based on the completed phase IIb trial, while the ongoing phase III trial, ClarityAD, will serve as a confirmatory trial. We see this as positive for lecanemab as this suggests it might become the first fully approved drug against Alzheimer’s Disease. We expect a positive share price reaction to the news.BioArctic is a research-based biopharma company which is engaged in developing new innovative disease modifying treatments based in antibodies (immunotheraphy) for neurodegenerative disease (i.e. diseases where the nervous system degenerates) such as Alzheimer's disease and Parkinson's disease and a treatment concept for complete spinal cord injuries (i.e. an injury where the spinal cord is completely broken). Co.'s operations are focused on research and development of new drugs for diseases and conditions with great medical need.
DNB Markets is the investment banking arm of DNB Bank ASA and is focused primarily on the Nordic region, as well as internationally on niches such as global shipping, energy and related services, and seafood. DNB Markets offers services in FICC, Equities and Investment Banking advisory from offices in Oslo, Stockholm, London, Singapore and New York. Equity research coverage is offered on c250 Nordic companies. DNB was ranked no.2 in Extel Nordic Research 2017. The DNB Markets’ Credit and FICC Macro & FX Research teams are repeatedly highly rated by Prospera Nordic Institutional Investor Surveys.
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