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Index Pharma: CRO signed - Redeye

Redeye reiterates its Base case valuation of SEK 4.5 after the news that InDex has signed a CRO-agreement with Parexel Biotech; there is a clear rationale to partner with the same CRO as in the successful CONDUCT-study. We consider today's news as further validation of InDex's timeline regarding the CONCLUDE-study initiation during the second quarter of this year.

Redeye reiterates its Base case valuation of SEK 4.5 after the news that InDex has signed a CRO-agreement with Parexel Biotech; there is a clear rationale to partner with the same CRO as in the successful CONDUCT-study. We consider today's news as further validation of InDex's timeline regarding the CONCLUDE-study initiation during the second quarter of this year.
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