from Vidac Pharma Holding Plc (isin : GB00BM9XQ619)
Original-Research: Vidac Pharma Holding Plc (von Sphene Capital GmbH): Buy
Original-Research: Vidac Pharma Holding Plc - from Sphene Capital GmbH
29.07.2024 / 12:26 CET/CEST
Dissemination of a Research, transmitted by EQS News - a service of EQS Group AG.
The issuer is solely responsible for the content of this research. The result of this research does not constitute investment advice or an invitation to conclude certain stock exchange transactions.
Classification of Sphene Capital GmbH to Vidac Pharma Holding Plc
| Company Name: | Vidac Pharma Holding Plc |
| ISIN: | GB00BM9XQ619 |
| Reason for the research: | Update Report |
| Recommendation: | Buy |
| from: | 29.07.2024 |
| Target price: | EUR 4.90 (unchanged) |
| Target price on sight of: | 36 months |
| Last rating change: | - |
| Analyst: | Peter Thilo Hasler |
Promising results of a VDA-1275 study
Vidac Pharma published promising results of its study with the active ingredient VDA-1275 in multiple mouse cancer and human cellular organoid models of solid tumours in a paper submitted to peer-review. The study shows that VDA-1275—which is being developed by Vidac Pharma as a systemic drug for the treatment of solid tumours—exhibited statistically significant efficacy as a monotherapy and synergistic effects in combination with two standard cancer therapies and also elicited an immunological response. We thereby confirm our Buy rating and our three-stage discounted cash flow entity model based price target of EUR 4.90 (base case scenario), which is based on the assumption that Vidac Pharma will get approval for its current core product VDA-1102-AK. Monte Carlo scenario values range between EUR 4.04 (10% quantile) and EUR 5.40 (90% quantile) per share.
You can download the research here: http://www.more-ir.de/d/30305.pdf
Contact for questions:
Peter Thilo Hasler, CEFA
+49 (152) 31764553
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1956187 29.07.2024 CET/CEST