Report
Martial Descoutures

La capacité financière pour accélérer son IFNα Kinoide - ACHAT - OC 1,45€ (vs S.R)

La société annonçait en fin de semaine dernière le succès de son augmentation de capital avec maintien du droit préférentiel de souscription. L’opération a permis de lever 8m€ avec une émission de 9,5m d’actions nouvelles. Cette opération a pour objectif à la fois de renforcer la structure financière de la société, mais surtout d’assurer le développement de phase IIb d’IFNα Kinoïde dans le traitement du Lupus. Nous maintenons notre recommandation à ACHAT en ajustant notre objectif de cours à 1,45€.
Underlying
Neovacs S.A.

Neovacs SA is a France-based company active in the biotechnology industry. It specializes in immunotherapy domain and providing treatment for autoimmune and inflammatory diseases. The Company researches and develops Kinoids, drug-candidates which aim to treat disease by including an antibody response in the patient. The Company focuses its development effort on two Kinoids for Crohn's disease, Rheumatoid Arthritis and lupus disease. Neovacs SA's portfolio of products includes TNF-Kinoids, IFN-Kinoids and VEGF-Kinoids. The Company operates in France and the United States. In May 2016, the Company signed a joint venture agreement with Stellar Biotechnologies Inc to create Neostell, owned by the Company in 70%.

Provider
Invest Securities
Invest Securities

Since 2006, Invest Securities has become one of the leading players in investment services for funds and managers, to whom we offer a global and personalised service. Our track record differentiates us and proves our leadership in numerous promising sectors like property and growth companies.

Consisting of 13 different profiles (pharmacist, engineer, financier, etc), the DNA of our financial analysis office is value added and sector expertise. Through daily monitoring and detailed analyses of companies and sectors, we seek to provide a differentiating vision of our 120 stocks followed. Our ideas are circulated every day to nearly 1,000 professionals.

Analysts
Martial Descoutures

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