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Redeye provides its initial take on Genovis’ Q4 2022 report, which came in substantially below our expectations on the EBIT level due to a SEK-9m one-off item. The one-off aside, the report was just short of our estimates, we view it as a minor setback. We will return with a research update shortly, where we give an elaborate take on the report and the sublicensing of Xork to Astellas Pharma.
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