InvestorsHub Logo
Followers 40
Posts 3318
Boards Moderated 0
Alias Born 08/18/2009

Re: None

Wednesday, 08/17/2011 6:20:35 AM

Wednesday, August 17, 2011 6:20:35 AM

Post# of 43
New Edison report out (after CEO hire):

http://www.addexpharma.ch/fileadmin/user_upload/Financial_documents/analysts_reports/A_11.08.16_Edison_-_Addex_appoints_new_CEO.pdf

Taken from the report:

Our risk-adjusted NPV of key late-stage assets in the R&D pipeline yields a valuation of CHF212m, equivalent to CHF30/share including FY11 cash. This remains based on an assumption that dipraglurant is second to market for PD-LID; hence it would increase if this compound’s competitive position improves versus Novartis’s AFQ056.

(N.B. CHF30 on the Swiss exchange SWX:ADXN, not OTC:ADDXF)

Join the InvestorsHub Community

Register for free to join our community of investors and share your ideas. You will also get access to streaming quotes, interactive charts, trades, portfolio, live options flow and more tools.