Promore Pharma: Holds on to its cash

Research Note

2019-11-25

10:15

There was no major surprise surfacing in the Q3 report, but instead, it showed a lower cash burn than we had expected. The HEAL LL-37 proceeds according to the plans, and full patient recruitment is expected to be reached in early 2020. The company is in the middle of a preferential rights issue that could secure financing for at least an additional 12 months. The subscription price is set to SEK 3.71.

KP

Klas Palin

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