Pharma Equity Group - Strengthened Balance Sheet Facilitates Continued Development - Analyst Group

Following the end of Q3-24, Pharma Equity Group (“PEG” or “the Company”) secured additional funding through a directed share issue, with a significant portion allocated to debt reduction. This strengthens the Company’s financial position, providing increased flexibility to advance the development of PEG’s drug candidates while enhancing the Company’s negotiating leverage with potential licensing partners. Furthermore, PEG recently obtained patent protection in Japan, a key future market, for the treatment of colorectal cancer with RNX-051, valid until 2039. Following a reassessment of market conditions, an updated royalty rate has been applied, resulting in a potential present market value of DKK 950m, corresponding to DKK 0.8 (1.2) per share in a Base scenario.

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