Moberg Pharma: Valuation drops amid increased uncertainty - Redeye

Redeye comments on the news about the company’s lower-than-expected number of patients who have achieved clinical cure in the blinded subset. This materially increases the uncertainty of a positive outcome of the current North American Phase 3 study and has raised concerns about the drug’s potential approval and commercialization in the US based on this study. We lower our likelihood of approval for the US to 20%, which substantially affects the valuation. We lower our Base case to SEK 19 (32) per share.

Länk till analysen i sin helhet: https://www.redeye.se/research/1039689/moberg-pharma-stuck-between-a-rock-and-a-hard-place?utm_source=finwire&utm_medium=RSS