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2022-05-10 11:24:00
- Net sales in Q1 slightly above our forecast
- Net result stronger than our estimate largely due to lower costs
- We maintain our valuation interval of DKK 115 – 180 per share
ViroGates reported revenues slightly above our projections for Q1 2022. The net result for the period also came in stronger than expected by a margin of DKK 1.5 million. The outcome once again proves the growth trajectory for product sales. ViroGates have now reached a total of 33 clinical routine customers, helped in part by EMA’s label extension covering suPAR guided anakinra treatment for COVID-19 patients. The challenge ahead is to convert hospitals using suPAR for COVID-19 triage into using it for general emergency room triage. We are also eagerly anticipating the launch of POC+ this spring.
The full report is available here.