Swedish firm with artificial heart rise 144% – healthcare stocks in upward trend

NORDIC | BIOTECH & HEALTHCARE Your insights into listed Danish & Nordic biotech & healthcare stocks.

In the past week, the Nordic biotech and healthcare stocks increased by 2.9%, while the Danish rose 1.1%. Most notably, a Swedish company working to create an artificial heart for people in need of a transplant rose 144% following major R&D advancements. Furthermore, Evaxion Biotech announced the closing of an MUSD 10.8 offering and Zealand Pharma got a downgrade by SEB.

9 of the 20 Danish biotech companies had a positive share price development in the past week and 11 companies had a positive share price performance over the past 12 months. Obesity continues to drive the best performances with Gubra, Zealand Pharma, and Pila Pharma having strong LTM performances Gubra is the best performer with 394% over the last twelve months.

Danish company news

Acarix AB

No news in the past week

Ascendis Pharma

No news in the past week

Biosergen

No news in the past week

Cessatech

No news in the past week

Curasight

No news in the past week

DanCann Pharma

No news in the past week

Evaxion Biotech

Evaxion announces closing of $10.8 million public offering (Link)

ExpreS2ion

No news in the past week

Fluoguide

No news in the past week

Genmab

No news in the past week

Gubra

No news in the past week

Initiator Pharma

No news the past week

IO Biotech

No news the past week

Pila Pharma

No news the past week

Saniona

No news in the past week

Scandion Oncology

No news in the past week

SynAct Pharma

No news the past week

ViroGates

No news the past week

Zealand Pharma

SEB lowered their price target from DKK 1,135 to DKK 800.

Y-mAbs Therapeutic

Y-mAbs Presents Translational Pharmacokinetics of GD2-SADA from Pretargeted RIT Platform at the SNMMI Mid-Winter and ACNM Annual Meeting (Link)

2cureX

No news the past week

Share price development – Danish stocks

On average, the Danish biotech and healthcare stocks delivered a return of 1.1% although Evaxion Biotech dropped 59% following a public offering at a significant discount. On a more positive note, SynAct Pharma, ExpreS2ion, 2cureX, Pila Pharma, and DanCann Pharma saw increases of 10-29%. This increase, however, happened without any company-specific news proving positive momentum. Moreover, Zealand Pharma dropped 6% following a downgrade from SEB.

Pila Pharma, Gubra, and Saniona are the best performers in the last twelve months with +100% returns each. This comes following a very positive investment environment for companies involved in diabetes and obesity drug development over the past few years. Gubra is the best performer with a 394% return over the last twelve months. Year-to-date, the average return is 4.2%.

Investment case for Curasight

Overview of share price development the past week, year-to-date, and the last twelve month

Nordic Biotech & Healthcare Developments

The Kapital Partner Nordic Healthcare Index (KPHC) increased by 2.9% to 66,75 in the past week. The index had a rough start over the past 12 months, then made a comeback followed by another drawback, and now it seems to be on an upward trend. The index has performed better than the C25 Index over the past year, and the return is almost 5%.

The Nordic healthcare stocks (KPHC) vs. the C25, S30, and KPNGX index the past year

The top three best-performing stocks in the past week

SoftOx Solutions (229%)  is a Norwegian medical technology company. The company has developed a self-patented solution based on acetic acid for the treatment of chronic wounds in patients. The solution is used to eliminate infections associated with biofilms, which consist of different clusters of bacteria. Part of the drug development takes place in collaboration with other research institutes. The stock rose 180% in the last trading day of the week without any news.

Scandinavian Real Heart (144%) main focus is on research and development of heart pumps used among patients with severe heart conditions who are in the queue for transplant. The idea behind the heart pump is to use the product as a transitional solution before a final heart transplant is performed. The company’s stock rose after their Real Heart TAH got approval of humanitarian use device designation by the U.S. Food and Drug Administration. This paves the way for future approvals. Furthermore, the company showed positive results from a 7-day animal study with its Realheart showing adequate cardiac function, automatically adapted to rest and movement, and maintained good blood biochemistry.  

Chordate Medical Holding (62%) is a medical technology company that has developed, patented,d and CE-marked Ozilia® Migraine, a neuromodulatory and drug-free treatment technique for chronic migraine and chronic rhinitis. The treatment has proven efficacy according to a clinical study and is marketed in selected markets in the EU and the Middle East. The company published information about their rights issue. Read more here (Link).

Resources: Refinitiv Eikon, Cision, Nordnet & company websites

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