Sedana Medical Q3: Pushing the US one year (again) - Redeye
Redeye sees that the Q3 financials were not too far from our estimates (though we were slightly too optimistic), and we are curious about its development into Q4 as the company raises its 2024e sales target to 17-20% CER (from 14-18%). Still, the report has some considerable heavy news: the FDA recommends Sedana to integrate the European trial’s data into the US submission. This pushes the US submission timeline by one year and adds roughly SEK20-30m in costs. Naturally, this will be devastating for the share today, and we expect it to drop by 30-40%.
Länk till analysen i sin helhet: https://www.redeye.se/research/1045748/sedana-medical-q3-pushing-the-us-one-year-again?utm_source=finwire&utm_medium=RSS