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Nanexa: Raising our LOAs following a review of the projects - Emergers

With the dust settling after the recent rights issue, Nanexa now progresses with its more focused roadmap, concentrating on Phase I trials with NEX-22 in Q1’24, preparation for Phase Ib trials with NEX-20, and the partner projects. With a cash position of SEK 84m, there is a financial runway through 2024, but also a higher pressure to reach a licensing agreement soon. Following a revision of the projects, we’ve increased our Likelihood of Approvals (LOA) for NEX-20 and NEX-22 to 20% and 15% respectively (up from 9.2% and 7.5%). This, coupled with a wide range of possible outcomes for the company’s projects, supports a high potential relative to the current share price. We now look forward to the Phase I trial with NEX-22 and more positive news flow from the partner projects as triggers in 2024, and expect that the worldwide GLP-1 story will start to gain traction also for the Nanexa share soon.

With the dust settling after the recent rights issue, Nanexa now progresses with its more focused roadmap, concentrating on Phase I trials with NEX-22 in Q1’24, preparation for Phase Ib trials with NEX-20, and the partner projects. With a cash position of SEK 84m, there is a financial runway through 2024, but also a higher pressure to reach a licensing agreement soon. Following a revision of the projects, we’ve increased our Likelihood of Approvals (LOA) for NEX-20 and NEX-22 to 20% and 15% respectively (up from 9.2% and 7.5%). This, coupled with a wide range of possible outcomes for the company’s projects, supports a high potential relative to the current share price. We now look forward to the Phase I trial with NEX-22 and more positive news flow from the partner projects as triggers in 2024, and expect that the worldwide GLP-1 story will start to gain traction also for the Nanexa share soon.
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