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Redeye initiates coverage of Active Biotech

2020-12-14 08:15:00

Redeye initiates coverage of Active Biotech with a cautiously optimistic view on the new strategic direction. Increased clinical activity sets the shares up for several catalysts during the next year. The Company is currently raising SEK 76m in a Rights Issue. If the capital raise is fully subscribed, we calculate a base case of SEK 3 per share.

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