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Shield Therapeutics achieving significant milestones

Shield Therapeutics (STX) detailed a series of achievements in its FY19 business update. The highlights included a 67% increase in sales volumes in European markets and, notably, FDA approval of Feraccru (Accrufer) with the broadest possible label to treat iron deficiency with or without anaemia. It also delivered a post-period announcement of an attractive licensing deal with ASK Pharm in China. The very positive body of clinical data, and the product profile, position Accrufer to challenge market incumbents in US, an addressable market worth up to $2bn, whilst the deal with ASK Pharm improves the company’s financial, strategic and commercial prospects and opens the door to China, the world’s second largest pharma market.

 

Quick facts: Shield Therapeutics PLC

Price: 94.99 GBX

LSE:STX
Market: LSE
Market Cap: £111.32 m
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Financial results and forecasts
Growth drivers
Management
Market conditions
Milestones & inflection points

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Shield Therapeutics: 'US talks ongoing with progress being made'

Proactive Research analyst Emma Ulker says US partnering discussions at Shield Therapeutics (LON:STX) are progressing and it's a key factor given that the US represents around 70% of the US$3bn global iron replacement market. Ulker adds that the balance sheet was recently bolstered by an...

3 weeks, 6 days ago

9 min read