ACCESSWIRE
11 Jan 2021, 18:55 GMT+10
LONDON, UK / ACCESSWIRE / January 11, 2021 / Carmat announced that it has received a CE Mark for its physiologic heart replacement therapy (PHRT) and that the product will be launched in Q221 under the brand name Aeson. The approved indication is a bridge to transplantation therapy (BTT), although over time we expect approval for Aeson as a destination therapy (DT), which will enable commercialisation to a larger number of patients. The initial commercial focus will be on France and Germany, which Carmat estimates to account for 55% of the EU mechanical circulatory support market.
We have increased our valuation to €747m or €58.83 per share from €679m or €53.88 per share. This is mostly due to our increase in the probability of commercial success for Aeson in the EU to 35% from 30% following receipt of the CE Mark. This was partially offset by more conservative near-term estimates as the launch will occur later in 2021 than expected and is also more focused. We assume a financing requirement of €40m for 2021 to fund US clinical development and the commercial launch.
Click here to view the full report.
Subscribe to Edison's content to receive reports by email.
All reports published by Edison are free-to-access and available on the website.
About Edison: Edison is an investment research and advisory company, with offices in North America, Europe, the Middle East and AsiaPac. The heart of Edison is our world-renowned equity research platform and deep multi-sector expertise. At Edison Investment Research, our research is widely read by international investors, advisers and stakeholders. Edison Advisors leverages our core research platform to provide differentiated services including investor relations and strategic consulting.
Edison is authorised and regulated by the Financial Conduct Authority.
Edison is not an adviser or broker-dealer and does not provide investment advice. Edison's reports are not solicitations to buy or sell any securities.
For more information please contact Edison:
Maxim Jacobs, +1 646 653 7027
Nathaniel Calloway, +1 646 653 7036
healthcare@edisongroup.com
Learn more at www.edisongroup.com and connect with Edison on:
LinkedIn https://www.linkedin.com/company/edison-group-
Twitter www.twitter.com/Edison_Inv_Res
YouTube www.youtube.com/edisonitv
SOURCE: Edison Investment Research Limited
Get a daily dose of Miami Mirror news through our daily email, its complimentary and keeps you fully up to date with world and business news as well.
Publish news of your business, community or sports group, personnel appointments, major event and more by submitting a news release to Miami Mirror.
More InformationSYDNEY, NSW, Australia - Stocks in mainland China and Hong Kong advanced on Monday on news that the world's second-largest ...
A U.S. businessman, a giant in the pharmaceutical industry, is to be jailed for eighteen years and will have to ...
DUBLIN, Ireland - A major increase in the export of medical and pharmaceutical products has boosted Ireland's balance of trade. ...
BANGALORE, India - Following an earlier report of 36 units of the Nissan Magnite being delivered on a single day ...
NEW YORK, New York - Wall Street ended the week on a negative note Friday with all the major indices ...
WASHINGTON, DC - U.S. President-elect Joe Biden on Thursday (local time) announced a USD 1.9 trillion plan to revive the ...
WASHINGTON, DC - Washington is locked down and U.S. law enforcement officials are geared up for pro-Trump marches in all ...
WASHINGTON, DC - In a sign of the changing political environment in the Middle East, the United States military will ...
WASHINGTON, DC - Outgoing U.S. President Donald Trump's administration carried out its last federal execution when Dustin John Higgs, convicted ...
A Chinese government survey ship was intercepted "running dark" without broadcasting its position via AIS (Automated Identification System) by Indonesian ...
WASHINGTON, DC The man who struck down three U.S. Capitol Police officers with a fire extinguisher during last week's storming ...
WASHINGTON, DC - A Utah man has been charged with breaking into the U.S. Capitol last week wearing a bullet-proof ...