Azelio - New Guidance – New Projections
2022-05-19 09:05:00
Redeye resumes coverage of Azelio following its introduction of new operational targets for the coming years. Most notably, the targets are now related to making deals rather than establishing a production capacity. However, the targets imply a substantially slower commercial scale-up than we previously expected. We make significant changes to our estimates, resulting in a lower fair value range
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