Acarix (Acarix)

Business description

Acarix, a Swedish company, has developed the CE-marked CADScor to enable about half of the patients to be ruled out from further, expensive testing. Private sales in Germany have started. Full EU sales may start from 2019. US sales might start from 2021.

Cash raised to fuel European marketing

Initiation | Pharmaceutical & healthcare | 21/12/2016

Acarix has developed the CE-marked CADScor System to ‘hear’ and detect partially blocked coronary arteries. CADScor is designed to be used by doctors to help assess patients’ risk of coronary artery disease (CAD). This could enable about half of the patients to be ruled out from further, expensive testing. Acarix aims to sell CADScor from 2017 in Germany and Scandinavia. Full EU reimbursement may start in 2019. US marketing will probably require a US clinical study with sales from 2021 possible. The IPO at SEK17.60/share completed at a value of SEK405m in December 2016, raising SEK140m gross, SEK125m net. The indicative value is SEK31.62/share based on an indicative value of SEK728m.

Edison's research is freely available. We will never ask for your credit card details and you do not need to register. By downloading this research you are agreeing to our terms and conditions, which you can read in full here.

Stock data

Market cap.SEK217.8m
Last closeSEK9.460
High / Low (52 weeks)SEK22.3 / SEK7.9
Stock market listingOMX
Forecast net cash (SEKm)105.1
Forecast gearing ratio (%)N/A
TeamHealthcare
SectorPharmaceutical & healthcare

Price performance

%1m3m12m
Actual2.8(29.4)(53.4)
Relative *(2.3)(27.6)(54.6)

* % Relative to local index

Company news

Acarix

Wed, 25 Apr 2018 06:11:15 GMT

Acarix

Mon, 23 Apr 2018 07:52:30 GMT

Acarix

Mon, 06 Nov 2017 13:41:15 GMT

Acarix

Mon, 23 Apr 2018 06:00:00 GMT

Acarix

Thu, 09 Feb 2017 06:56:15 GMT