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Shield Therapeutics achieving significant milestones

Shield Therapeutics (STX) detailed a series of achievements in its FY19 business update. The highlights included a 67% increase in sales volumes in European markets and, notably, FDA approval of Feraccru (Accrufer) with the broadest possible label to treat iron deficiency with or without anaemia. It also delivered a post-period announcement of an attractive licensing deal with ASK Pharm in China. The very positive body of clinical data, and the product profile, position Accrufer to challenge market incumbents in US, an addressable market worth up to $2bn, whilst the deal with ASK Pharm improves the company’s financial, strategic and commercial prospects and opens the door to China, the world’s second largest pharma market.

 

Quick facts: Shield Therapeutics PLC

Price: 130 GBX

LSE:STX
Market: LSE
Market Cap: £152.35 m
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Financial results and forecasts
Growth drivers
Management
Market conditions
Milestones & inflection points

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Shield Therapeutics extends cash runway into 2021 after significant China deal

Proactive Research analyst Emma Ulker discusses Shield Therapeutics PLC's (LON:STX) 2019 business update and subsequent licence agreement for Feraccru/Accrufer with the integrated specialty pharma company Beijing Aosaikang Pharmaceutical Co Ltd (ASK Pharm) which covers China, Hong Kong, Macau...

3 weeks, 3 days ago

9 min read