Nanexa: NEX-22 Progress, Revaluation and Financing - Emergers
After initiating dosing of the first patient in June with Nanexa’s long-acting depot formulation of the GLP-1 analog liraglutide, NEX-22 for the treatment of type 2 diabetes, phase I is now progressing with the second cohort, according to plan. We now look forward to the outcome from subsequent cohorts and the full Phase I in 2024, and Ib in late 2025, as well as the partner project with Novo Nordisk and other advanced evaluation projects. Since the dip following the CMD in May, the stock has undergone a remarkable revaluation and tripled in value. We continue to find support for a fair value of SEK 2.6-9.9 per share, not factoring in a rights issue, which is the likely scenario if a license deal fails to materialize within the next 6-9 months.
Länk till analysen i sin helhet: https://www.emergers.se/nanexa_x24/