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Medivir: Funded, Partnered and Still Cheap

2021-02-09 08:00:00

Redeye believes Medivir’s valuation has been pushed too low. The completed capital raise will provide funding at least throughout 2022. Liver cancer project MIV-818 is arguably still something of a cat in the bag ahead of the imminent Phase Ib update, but earlier observations are promising. A recent licensing deal for birinapant reduces Medivir’s dependence on MIV-818. We reiterate our base case of SEK 15 per share and expect the shares to strengthen following the oversubscribed rights issue.

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This is a press release from Redeye - Research Powered Investment Banking. www.redeye.se/