KBC Securities - ONWARD MEDICAL NV (ONWD) Onward Medical FIRST LOOK: Grant to assess ARC-BCI in stroke patients

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KBC Securities

Thomas Vranken

Onward Medical FIRST LOOK: Grant to assess ARC-BCI in stroke patients

Onward announces a new grant from the EIC for € 6m over 5-years (of which Onward receives almost € 2m) to assess ARC-BCI in stroke patients. The grant underlines the platform potential of Onward's technologies. We continue to look out to FDA approval for Onward's first product ARC-EX, expected by YE24. We reiterate our € 9.1 TP and Buy rating.

19/11/2024 1 EN

Underlying

ONWARD MEDICAL NV

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NL0015000HT4 Euronext Brussels Netherlands

Provider

KBC Securities

We are a financial services provider for several types of professional clients, each with distinct needs.

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Analysts

Thomas Vranken

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Onward Medical FIRST LOOK: Grant to assess ARC-BCI in stroke patients

We are a financial services provider for several types of professional clients, each with distinct needs.

Morning Notes : GREEN BB, SEQUA BB, UCB BB, AZE BB, ONWD BB

ONWARD Medical Awarded Grant to Study Potential for ARC-BCI Therapy to Restore Movement after Stroke

UCB FIRST LOOK: First takes on dapimap's Ph3 results in SLE

Warehouses Estates Belgium 3Q24 trading update: results in line

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