IDL Biotech: Q2 Review

Research Note

2020-07-23

16:41

Redeye gives its comment on IDL’s Q2 report. As estimated in our previous research note, the quarter saw a significant sales drop owing to down-priorities in the healthcare systems with the corona crisis. IDL guides for a better third quarter and we find it reasonable that FY 2020 sales could reach our forecasted SEK ~30 million, which would represent only a slight decrease in sales compared to last year’s figures. In this note, we share our impressions of the report, as well as our view on CEO Charlotte Berg’s resignation.

LS

Ludvig Svensson

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