Shield Therapeutics: US Partnering Discussions Nearing Fruition
In its recent business and trading update Shield Therapeutics (STX) underlined that the US partnering discussions are progressing, which is a key factor given that the US represents around 70% of the US$3bn global iron replacement market. Therefore, this event can potentially more than double the addressable market for oral iron replacement Feraccru. While there is an ongoing review into the AEGIS-H2H 12-week trial data, longer-term 52-week study data support Feraccru’s efficacy profile, as well as data from two pivotal clinical studies. The balance sheet was recently bolstered by an US$11.4mln milestone payment from China partner ASK Pharm, providing liquidity in the months ahead to negotiate potential uncertainty owing to the coronavirus crisis.
Quick facts: Shield Therapeutics PLC
Price: 129.5 GBX
Market Cap: £151.76 m
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