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EQS-News News vom 08.03.2021

BioPorto Diagnostics (BIOPOR): Multiple upcoming readouts

Edison Investment Research Limited
08-March-2021 / 13:14 GMT/BST

 

London, UK, 8 March 2021

 

 BioPorto Diagnostics (BIOPOR): Multiple upcoming readouts

BioPorto has started 2021 firing on all cylinders as it prepares to resubmit its application to the FDA for the paediatric NGAL Test for detecting acute kidney injury (AKI) in summer 2021. This should set it up for a clearance decision in H221, after which it plans to submit the application for the adult NGAL Test. Concurrent with this, the company is initiating clinical testing of its COVID-19 dipstick. It expects this testing to be complete in early 2021 and emergency use authorisation (EUA) to be filed thereafter. We are taking this time to provide our comprehensive clinical outlook.

 

We are not valuing BioPorto's COVID-19 programme at this time due to the lack of visibility on the product's performance and the extremely competitive nature of the market it is entering. We are, however, presenting a sensitivity analysis of the programme's value. Our value for the remaining programmes is roughly flat: DKK941m or DKK3.53 per share from DKK939m or DKK3.52 per share. The only adjustments are rolling forward our NPVs, offset by exchange rate effects.


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