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Redeye comments on Scandion Oncology’s Q2 2024 report, shortly after the company announced that its CORIST part 3 extension trial reached MTD. The company has intensified its partnering outreach, and we judge a potential partnership or similar is its best hope of advancing SCO-101’s clinical development. Scandion raised gross proceeds of cDKK20.0m through its recent rights issue, while issue-related expenses amounted to cDKK5.9m or c30% of gross proceeds. We adjust our estimates and do some housekeeping in our model.
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