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Xspray Pharma Q2 2024: Another CRL but long term assymetric risk/reward remains - Redeye

Redeye updates its view on Xspray following the Dasynoc CRL and the Q2 report. Adjustments to our valuation model, including a postponed launch and additional equity funding to maintain the development pace in the pipeline, have resulted in a lower fair value range. However, the upside remains significant if things unfold somewhat according to our base case.

Redeye updates its view on Xspray following the Dasynoc CRL and the Q2 report. Adjustments to our valuation model, including a postponed launch and additional equity funding to maintain the development pace in the pipeline, have resulted in a lower fair value range. However, the upside remains significant if things unfold somewhat according to our base case.
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