BioInvent: License Deal for BI-1206 in China

Research Note

2020-10-27

10:49

Redeye considers the deal with CASI as a validation of the BI-1206 project from a commercial partner and a possible expansion of the sales potential to include the Greater China market. Also, BioInvent receives an initial payment of USD 5m plus SEK 61m through a directed issue. We expect to raise the pipeline value of BioInvent in our model by some 10 percent.

NE

Niklas Elmhammer

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