ODDO BHF SECURITIES Small & MIDCAP MORNING NEWS – 04/09/2025

ODDO BHF SECURITIES Small & MIDCAP MORNING NEWS – 09/04/2025

NX Filtration : Feedback: Capital Markets Day

Morning Notes : AED BB, AKZA NA, MAAT FP

: AED BB, AKZA NA, MAAT FP

MaaT Pharma Partnership with Clinigen secures MaaT013's EU commercialisation

MaaT signed a licensing, distribution, and commercial supply agreement with Clinigen in Europe for Xervyteg (MaaT013, microbiome therapy, enema formulation) in aGvHD for a € 10.5m upfront, € 18m in milestones, and mid-thirties flat royalty on sales. We believe this deal serves as validation of MaaT013's potential, and see the partnership as a de-risking event for MaaT013's commercialisation in Europe, given Clinigen's experience commercialising in haemato-oncology, with 3 products currently on the market in this therapeutic area. Additionally, we note that the € 10.5m upfront extends MaaT's ca...

VGP Russelheim permit for Green Campus received

VGP received the final building permit to begin construction of the new Stellantis Germany and global Opel headquarters in Rüsselsheim or “grEEn campus project”. Initial work has already begun, but permitting brownfield construction is more complex. The site spans 100k sqm and is part of a larger 700k sqm area acquired in FY23. A photovoltaic system and green roof will generate energy. A lot of development opportunities remain on the surrounding land. This project is part a large brownfield opportunity that will generate development opportunities for the next 5 to 8 years. A possible datacente...