Report
Patrik Ling
EUR 91.88 For Business Accounts Only

Nordic Nanovector (Buy, TP: NOK21.00) - Interim data read-out in the making

Nordic Nanovector announced today that it has commissioned an Independent Data Evaluation of the PARADIGME trial. We believe this is a response to the slow rate of recruitment (it also announced that no new patients had been enrolled since the Q1 report). The company will, in addition, evaluate what can be done to increase the recruitment rate. Our take is that it needs to present some data from the trial to be able to refinance. The full data read-out will also most likely be delayed.
Underlying
Nordic Nanovector ASA

Nordic Nanovector is committed to develop and deliver innovative therapies to patients to address major unmet medical needs and advance cancer care. Co. is engaged in the development of targeted therapies for haematological cancers. Co.'s clinical-stage candidate is Betalutin®, a novel CD37-targeting Antibody Radionuclide Conjugates (ARC) designed to improve upon and complement options for the treatment of non-Hodgkin Lymphoma (NHL). NHL is an indication with substantial unmet medical need and orphan drug opportunities. Co. aims to rapidly develop Betalutin®, alone and in combination with other cancer therapies, for the treatment of major types of NHL.

Provider
DnB Markets
DnB Markets

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.

 

Analysts
Patrik Ling

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