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Fredag 22 November | 02:57:35 Europe / Stockholm

Svenska | English

Västra Hamnen Market Focus

Prenumeration

Bioextrax: Sweet dreams of a bright 2024

2024-02-16 19:00:00

Joint Development Agreement with the candy producer in Q1
Progression in several projects, funding risk remains
Our model implies a fair valuation of SEK 7.60 per share

A quiet final quarter of 2023 was followed by an eventful start of 2024 for Lund-based Bioextrax. In January, the American startup terminated the contract due to financial issues. For Bioextrax, the financial impact of the cancellation was limited according in our valuation model. However, the stock market reaction on the news was harsh sending the share price down by 30 per cent.

The initial research report is available here.

Västra Hamnen Market Focus

Prenumeration

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