Xintela: Focus on study results and financing - VH Corp
• Final study results support XSTEM’s disease-modifying potential in OA • Rights issue of MSEK 72.8 announced at SEK 0.26 per share • Q&A with CEO Evy Lundgren Åkerlund on the new Targinta collaboration
ANNONS
Xintela released its Q3 report on November 4 instead of the 21st as originally scheduled. The company delivered figures much in line with our expectations. A takeaway was a negative operating cash flow of 6.7 MSEK and a cash balance of MSEK 3.4. The financial situation was addressed a few days later when Xintela announced a preferential rights issue of MSEK 72.8.
We will await the outcome of the financing round before updating our forecast and revising the fair value.