Report
David Martinsson
EUR 85.18 For Business Accounts Only

Swedish Orphan Biovitrum (Buy, TP: SEK259.00) - Burning the midnight (deal) oil

Sobi announced its second in-licencing deal this year, this time for the ex-US rights to pegcetacoplan, adding five late-stage development programmes with a combined potential sales opportunity of cUSD1bn. The lead indication is under review in the EU and US with possible approval in 2021e. The news was well received by the market and marks the first step towards rebuilding the markets’ confidence in the story.
Underlying
Swedish Orphan Biovitrum AB

Swedish Orphan Biovitrum AB is a healthcare company focused on rare diseases. Co. develops, manufactures and commercializes treatments with a particular focus on four therapeutic areas: Inflammation, Genetics & Metabolism, Haemophilia and Neonatology. Co. also markets a portfolio of rare disease products for partner companies. Co.'s pipeline programmes include research and development focused on recombinant protein drugs in late preclinical and clinical phase for indications.

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
David Martinsson

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