Calliditas delivers a positive surprise in patient enrolment (18% above our expectations) and new subscribers (44% above our expectations). The actual sales were impacted by USD 4.7m of US Tarpeyo sales related to the Change Health (a very large US provider of revenue and payment cycle management) Cyberattack, and this part of sales is delayed, as reflected by Calliditas Q1 receivables. The Cyberattack also impacted EBIT and operating cash flow. As a result, Calliditas Q1 is structurally positive. The actual outcome is mixed, and the immediate market reaction will likely reflect this result.

Read more and download the Research Update.
 
Follow companies at Redeye to receive the latest equity research within Life Science and Technology.
 
This is a press release from Redeye - Research Powered Investment Banking. www.redeye.se/