07/12/2018 17:07:13

Edison issues outlook on Atossa Genetics (ATOS)

LONDON, Dec. 07, 2018 (GLOBE NEWSWIRE) -- Atossa Genetics’s (ATOS) endoxifen programs are advancing in their respective breast health programs. The firm recently reported positive safety data from its Phase I study on topical endoxifen in men, and it completed enrolment for its Phase II endoxifen study in women with elevated mammographic breast density (MBD). It is also advancing an oral endoxifen formulation in women refractory to tamoxifen, and is applying its intraductal microcatheter (IDMC) with cancer drug fulvestrant. Our rNPV-derived equity valuation is $23.9m, or $3.66 per share.

Atossa had $13.0m net cash at 30 September 2018. We expect its funds on hand to last into early 2020 and that it will raise $10m in 2019. For modelling purposes, we assign these financings to long-term debt. Our rNPV valuation includes the prospect of the firm’s topical and oral endoxifen programs for women, its IDMC-delivered fulvestrant program and now its gynecomastia program as well. We now obtain a lower rNPV valuation of $10.9m (vs $24.4m, previously), largely due to a lower success probability (4% vs 5%, previously) for the MBD program. After including Q318 net cash ($13.0m), we obtain an equity valuation of $23.9m, or $3.66 per fully diluted (FD) share (which assumes full conversion of 3,517 outstanding Series B convertible preferred shares into 1.0m common shares).

Click here

to view the full report.

All reports published by Edison are available to download free of charge from its website

www.edisoninvestmentresearch.com

About Edison: Edison is an investment research and advisory company, with offices in North America, Europe, the Middle East and AsiaPac. The heart of Edison is our world-renowned equity research platform and deep multi-sector expertise. At Edison Investment Research, our research is widely read by international investors, advisers and stakeholders. Edison Advisors leverages our core research platform to provide differentiated services including investor relations and strategic consulting.

Edison is authorised and regulated by the Financial Conduct Authority.

Edison is not an adviser or broker-dealer and does not provide investment advice. Edison’s reports are not solicitations to buy or sell any securities.

For more information please contact Edison:

Pooya Hemami, +1 646 653 7026

Maxim Jacobs, +1 646 653 7027

healthcare@edisongroup.com

Learn more at www.edisongroup.com and connect with Edison on: 

LinkedIn        https://www.linkedin.com/company/edison-investment-research

Twitter           www.twitter.com/Edison_Inv_Res

YouTube       www.youtube.com/edisonitv

edison logo.png

Post comment

Related debate

  • 1 week
  • 1 month
  • 1 Year
11 Dec
 
mne: Short - når det lykkedes!    Forbyd short totalt. - Det er kursmanipulatorernes og finansforbr..
67
10 Dec
VELO
Når man følger Veloxis-debatten, og det hr jeg gjort i mange, mange år - også da den hed LCP, så går..
31
08 Dec
VELO
Havde igår en lang snak med min kapitalforvalter emnet - hvordan er det gået Hr og Fru Danmark's por..
27
13 Dec
PNDORA
"Carnegie bestemmer pandoras aktiekurs, basta!!Sådan udtaler en chefanalytiker sig.Carnegie har samm..
25
12 Dec
PNDORA
Stornedtur: Din profil er da lige oprettet for 6 dage siden 😎 er du en troll/bandit 😂 Stornedtur A..
22
13 Dec
DANSKE
CBS undersøgte muligheden for at droppe Danske Bank helt: Vi skal fare med lempe Kilde: https://fina..
16
12 Dec
VWS
Vestas opruster i teknologisk kapløb om fremtidens vindmølle. Vestas skruer op for investeringer i n..
16
10 Dec
 
Klart, klart... et firma, der reklamerer må være desperat. Personligt synes jeg ikke Pandora har n..
16
13 Dec
PNDORA
Din skrivelse er intet andet end en omgang sludder. Det rene nonsens. Det er simpelthen ubegribelig..
15
12 Dec
VELO
  Der er som jeg ser det, kun et forhold, som kan sænke kursen betydeligt, og det er en yderligere u..
15

HSBC Bank Plc : Form 8.5 (EPT/RI) - Lonmin PLC

22/02/2018 10:54:53
FORM 8.5 EPT/RI) PUBLIC DEALING DISCLOSURE BY AN EXEMPT PRINCIPAL TRADER WITH RECOGNISED INTERMEDIARY STATUS DEALING IN A CLIENT-SERVING CAPACITY Rule 8.5 of the Takeover Code (the "Code") 1.         KEY INFORMATION (a) Name of exempt principal trader: HSBC BANK PLC (b) Name of offeror/offeree i..

Rathbone Brothers Plc : Preliminary announcement of 2017 results

22/02/2018 07:00:19
Funds under management up 14.3% to £39.1 billionThis is a preliminary statement of annual results published in accordance with FCA Listing Rule 9.7A. It covers the year ended 31 December 2017. Mark Nicholls, Chairman of Rathbone Brothers Plc, said: "UK and global investment markets performed well in 2017, with some indices reaching record levels towards the end of the year. This outcome has b..

Elliott Capital Advisors, L.P : Form 8.3 - GKN Plc

Related news
21/02/2018 15:25:10
FORM 8.3 PUBLIC OPENING POSITION DISCLOSURE/DEALING DISCLOSURE BY A PERSON WITH INTERESTS IN RELEVANT SECURITIES REPRESENTING 1% OR MORE Rule 8.3 of the Takeover Code (the "Code") 1.         KEY INFORMATION (a) Full name of discloser: Elliott Capital Advisors, L.P. (for itself and related general partners ..

Most read news

  • 24 hours
  • 48 hours
  • 1 week
1
Megaputer Adds Support for a 16th Language in its Advanced Text Analysis Software
2
Teligent, Inc. Executes $120 Million Financing Agreement
3
LGI Homes Opens Three New Communities in Greater Raleigh
4
The Jewelry Exchange launches TrueRadiant™ line of Lab Grown Jewelry at $499 per carat
5
Bragar Eagel & Squire, P.C. is Investigating Yangtze River Port and Logistics Limited (YRIV) on Behalf of Stockholders and Encourages YRIV Investors to Contact the Firm

Buy and sell signals

  • Trend
  • Moneymachine

Copyright Berlingske Media 2018  Cookie- and Privacy policy  |  Cookies  |   General terms of trade  |   Terms of use and IP rights
Quote information is delivered by Morningstar.
Data is delayed 15-20 minutes according to the distribution agreements set by the different exchanges.
 
14 December 2018 13:45:09
(UTC+00:00) Dublin, Edinburgh, Lisbon, London
Version: LiveBranchBuild_20181207.1 - EUROWEB5 - 2018-12-14 14:45:09 - 2018-12-14 13:45:09 - 1000 - Website: OKAY