ABIVAX : Oddo BHF maintains its outperform rating
It points out that this financing of up to 150 million euros comprises two structured financing transactions, half of which are with Kreos Capital/ Claret European Growth Capital and the remainder underwritten by Heights Capital Management.
The analyst also stated that he was 'convinced by the clinical benefits of obefazimod for UC patients, following the excellent Phase IIb results obtained in the induction and maintenance phase, which partly derisks Phase III'.
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