Ascelia Pharma - Complete Response Letter for Orviglance NDA
Additional clinical data and product documentation requestedUrgent FDA meeting to discuss next stepsVery low visibility: Valuation suspended until mor...
Additional clinical data and product documentation requestedUrgent FDA meeting to discuss next stepsVery low visibility: Valuation suspended until mor...
Solid letting activity, but timing/impact uncertainLower interest rate assumptions and SBBs drive estimates2026e P/CEPS of 11x vs coverage average of ...
NOI -2% y-o-y, 0.6% vs ABGSCe, -0.4% vs cons.Value changes of -0.64% vs ABGSCe of 0.28%Share to trade in-line with the sector on the back of this repo...
Signs of stabilisation but pricing remains pressuredWe leave our estimates broadly unchangedTrading ~25% below Nordic peersA stabilising market, but p...
Q2e: 1% organic growth and 4% EBITA marginLimited estimate changesTrading at NTM EV/EBITA of 10xQ2e: back to growthWe anticipate organic growth of 1% ...
Q2e: some GLP-1 ramp-up, more to come in H2eEstimates up on FX and higher growth in EngineeredTrading at 13x '26e EV/EBITA vs. historical average of 1...
Q2e: big y-o-y earnings improvementRaised EBITA driven by increasing emerging service salesShare trading at 10x '26e EV/EBITA, goes to 7x in '28eQ2e: ...