Gubra - Initiation of coverage - Punching above its weight class
Gubra is a contract research organisation (CRO) and biotech company with a focus on obesity and metabolic diseases. We see the lead asset, GUBamy, as a competitive amylin, offering GLP-1-like efficacy, while its 11-day half-life profile promotes sustained weight loss. Based on our market model, we expect its obesity franchise to reach a 2.7% share of the cUSD229bn market by 2044e, driving long-term value. We initiate coverage with a BUY and DKK750 target price.
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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