Report
Franc Gregori ...
  • Lala Gregorek
  • Philippa Gardner

Arecor Therapeutics: Second in-house Specialty Hospital deal

Arecor’s co-development and exclusive licence option agreement with a leading global medical products company demonstrates further strategic execution in securing revenue generating partnerships for its proprietary portfolio of Specialty Hospital products. It also further validates the attractiveness and relevance of its Arestat formulation expertise in developing novel products, the first of which (biosimilar AT220) was launched earlier this year. Specialty Hospital licensing agreements form a key part of Arecor’s mid-term growth prospects, and while these are typically associated with limited disclosure, prior Trinity Delta analysis provides a framework for assessing the potential value. Near-term, Arecor’s investment case remains centred on its diabetes franchise, with further AT278 Phase I data anticipated during H124. Our valuation is updated to £179m, or 583p per share.
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Trinity Delta
Trinity Delta

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Analysts
Franc Gregori

Lala Gregorek

Philippa Gardner

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