Hyloris FIRST LOOK: Step closer to target of 30 products with addition of HY-091
Hyloris has entered into a partnership with AFT Pharmaceuticals (AFT) to
co-develop HY-091 (novel mucoadhesive film, target undisclosed) for the
treatment of vulvar lichen sclerosus (VLS). This new product announcement
is the first for 2024, taking Hyloris a step closer to its target of 30 products
before 2025 (currently 18 reformulated/repurposed products, and 3
generics), and as the company continues to aim for 30 products, we expect
2024 could be a busy year with respect to new product announcements. We
reiterate our BUY rating and €19.5 TP.