Update: Three, two, one, go
Paion has launched its self-funded US Phase III programme, a head-to-head study in colonoscopy comparing remimazolam with the gold-standard midazolam, measuring clinical endpoints and also various outputs to determine the economic viability of the fast-acting sedative. Previous studies showed a faster onset and recovery as well as an excellent side-effect profile. We maintain our DCF valuation of €176m.Paion is a holding company. Through its subsidiaries, Co. is a biopharmaceutical company focusing on developing and commercializing drugs to be used in out-patient and hospital-based anesthesia, sedation and critical care services. Co.'s key compound is Remimazolam, an intravenous ultra short-acting and controllable anesthetic/sedative drug candidate in advanced stages of development for use in procedural sedation and general anesthesia.
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