All eyes fixed on the MTX/Zeneo filing - BUY - TP 12,1€
Crossject reported 2015 results without any major surprises this morning. All eyes will be fixed this year on the filing and possible approval of Methotrexate (MTX) expected in H2 2017. This will be the first combination marketed by Crossject. The accelerated pace of development of the pipeline will be the second major issue this year (seven drugs under development that could lead to a new launch every six months starting in H2 2017). We are maintaining our BUY rating with a target price of €12.1.Crossject SA is a France-based company that designs and develops medical injection systems. The Company specializes in needle-free, pre-filled, single-use injection systems for intradermal, subcutaneous and intramuscular applications for pharmaceutical companies. Is also has a pipeline and three drugs in the preclinical or clinical phase of research. The Company's products, which are based on well-known injectable drugs (chemicals and biologics), are designed to enhance patients' safety, compliance and comfort. Crossject's first ZENEO SUPERGENERIC product is expected to reach the market in the year 2015. The Company has industrial partnerships with Hirtenberger and Recipharm.
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