Pentixapharm: Phase 3 from a position of strength - NuWays AG Research
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Pentixapharm: Phase 3 from a position of strength - NuWays AG Research

Pentixapharm sits at the intersection of a high-prevalence indication and one of the fastest- growing fields of medicine: radiopharma. Following the recent capital increase, the company is now well positioned to enter Phase 3 with its lead diagnostic agent PentixaFor from a position of financial strength, with several catalysts ahead.

Financing secured. PTP has placed the full c. 11.0m new shares at € 1.85, raising net proceeds of c. € 19.7m. Anchor shareholder Eckert Wagniskapital (c. 36%) exercised the rights issue in full and the residual tranche was materially oversubscribed. Pro forma cash of c. € 25m (eNuW), vs. c. € 5m previously, extends the runway from Q1 2027 into early 2028 and covers the initial execution phase of PANDA, the Phase 3 study for PentixaFor (eNuW).

BUY, PT € 7.20, based on rNPV.
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