Report

Update: Prepping for the future; REDUC read-out in H215

Following encouraging interim data from the Phase II REDUC trial of Vacc-
4x with romidepsin, Bionor has set a number of initiatives in motion to
fully capitalise on the potential opportunity that this ‘Kick and Kill’
approach could offer in HIV. This includes planning next development
steps by convening an expert panel, securing future romidepsin supply
and exploring potential financing options. These endeavours should
ensure that Bionor will be well-placed to swiftly advance Vacc-4x, if further
REDUC data expected in H215 are positive. Our valuation is NOK1bn.
Underlying
Solon Eiendom ASA

Solon Eiendom is a biotechnology company. Co.'s focus is the research and development of peptide based vaccines against viral diseases, primarily human immunodeficiency virus (HIV). As of Dec 31 2013, Co.'s clinical development pipeline comprised of two vaccine candidates for the treatment of HIV, Vacc-4X and Vacc-C5. Vacc-4X is being investigated in two phases II trials in collaboration with Celgene Inc.

Provider
Edison Investment Research
Edison Investment Research

Edison is an investment research and advisory company, with offices in North America, Europe, the Middle East and AsiaPac. The heart of Edison is our world renowned equity research platform and deep multi-sector expertise. At Edison Investment Research, our research is widely read by international investors, advisors and stakeholders. Edison Advisors leverages our core research platform to provide differentiated services including investor relations and strategic consulting.

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