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Redeye updates its outlook on Hansa Biopharma, anticipating gradual launch support during 2023 and supporting pipeline progress over the next 12 months. We make a negative revision after the recent Q1 2023 result mainly because Hansa is experiencing a period of slower patient enrolment despite the expanding market access. Our Base Case is SEK165 (175) with a Bull Case of SEK390 (400) and a Bear Case of SEK45 (45).
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