Nuevolution (NUE)

Business description

Nuevolution is a Copenhagen-based biopharmaceutical company. Its patent protected Chemetics drug discovery platform enables the selection of drugs to an array of tough-to-drug disease targets. To date it has entered into 17 agreements with major pharmaceutical companies.

Stock data

Market cap.SEK788.6m
Last closeSEK18.40
High / Low (52 weeks)SEK22.6 / SEK9.7
Stock market listingOMX
Forecast net cash (SEKm)211.8
Forecast gearing ratio (%)N/A
TeamHealthcare
SectorPharmaceutical & healthcare

Price performance

%1m3m12m
Actual(8.5)16.578.6
Relative *(7.8)12.056.8

* % Relative to local index

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Y/E Jun Revenue (SEKm) EBITDA (SEKm) PBT (SEKm) EPS (öre) P/E (x) P/CF (x)
2016A 21.3 N/A (151.9) (397.0) N/A N/A
2017A 120.3 N/A (9.4) (59.0) N/A N/A
2018E 174.8 N/A 40.0 61.0 30.2 20.8
2019E 126.6 N/A (13.8) (21.0) N/A N/A

Last updated on 13/10/2017

Investment summary

Nuevolution’s proprietary Chemetics DNA-encoded screening platform technology enables fast and accurate small molecule drug discovery. The technology has received powerful external validation, including three recent collaborations (Amgen, Almirall and Janssen) that could generate significant value in the coming years. In addition, we expect Nuevolution to progress at least one internally generated asset into clinical development in the near future. Net cash of SEK175.2m ($23.5m) (30th June 2017) suggests a cash runway into FY19.

Last updated on 02/11/2017

Industry outlook

Significant promise is seen in DNA-encoded libraries due to the potential to rapidly develop small molecule drugs to ‘tough-to-drug’ targets. We continue to see major investment in the space from an array of companies, notably GSK, Roche and Novartis.

Last updated on 02/11/2017

Key management

Alex Gouliaev, CEO
Henrik Simonsen , CFO
Thomas Franch, Chief Scientific Officer
Ton Berkien, Chief Business Officer

Company address

Ronnegade 8
Copenhagen
2100
Denmark
+45 7020 0987
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