Västra Hamnen Corp. Finance

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Bioextrax: The American start-up cancels deal

  • Limited effect on short-term earnings, higher perceived risk
  • Bioextrax signs MoU with Chematur Engineering
  • We have adjusted the fair value to SEK 7.60 (10.50) per share

In September 2023, an American start-up company extended the license agreement with Bioextrax regarding production of PHA. In January 2024, the American company had to terminate the contract due to financial issues. Hence, our model suggests a fair value of SEK 7.60 per share.

The initial research report is available here.

Datum 2024-01-25, kl 10:30
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