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Nuevolution (NUEV)

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.SEK660.7m
Last closeSEK13.34
High / Low (52 weeks)SEK20.1 / SEK13.0
Stock market listingOMX
Forecast net cash (SEKm)95.9
Forecast gearing ratio (%)N/A
TeamHealthcare
SectorPharmaceuticals & healthcare

Price performance

%1m3m12m
Actual(12.7)(16.3)(21.4)
Relative *(16.8)(21.1)(24.2)

* % Relative to local index

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Investment summary

Nuevolution’s proprietary Chemetics DNA-encoded screening platform technology enables fast and accurate small molecule drug discovery. Nuevolution has continued to build and strengthen its pipeline of preclinical assets throughout 2018, which it aims to monetise in the near term via out-licensing deals. The technology has received powerful external validation, including three collaborations (Amgen, Almirall and Janssen) that could generate significant value in the coming years. We expect Nuevolution to see at least one internally generated asset progress into clinical development in the near future. As of 30 September, Nuevolution had net cash of SEK127m.

Last updated on 01/02/2019

Y/E Dec Revenue (SEKm) EBITDA (SEKm) PBT (SEKm) EPS (öre) P/E (x) P/CF (x)
2016A 21.3 N/A (151.9) (4.0) N/A N/A
2017A 120.3 N/A (9.4) (0.6) N/A N/A
2018E 11.5 N/A (109.0) (2.2) N/A N/A
2019E 196.4 N/A 75.3 1.0 1334.0 9.9

Last updated on 23/01/2019

Latest video

Bitesize briefing - Nuevolution

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 01/02/2019

Key management

Alex Gouliaev, CEO
Johnny Stilou, 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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