Hardman & Co: Shield Therapeutics (STX): Cash management is key

Hardman & Co Research
Hardman & Co: Shield Therapeutics (STX): Cash management is key

23-May-2024 / 07:15 GMT/BST
The issuer is solely responsible for the content of this announcement.


Hardman & Co Research on Shield Therapeutics (STX):

Cash management is key

 

Shield is a commercial-stage pharma company delivering specialty products that address patients’ unmet medical needs, with an initial focus on iron deficiency (ID). Since its US launch in July 2021, Shield and its partner, Viatris, have increased physician awareness of the differentiating characteristics of Accrufer® as an oral ID drug, in order to ramp up prescriptions (Rxs) and generate sales traction. Positive Rx momentum in 2022 and 2023, is expected to accelerate in 2024 and 2025 with the revised aim of becoming cashflow positive in 2H’25. This, coupled with extended financing options has obviated any requirement for a capital increase.

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https://hardmanandco.com/research/corporate-research/stx-cash-management-is-key/

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Contact:

Dr Martin Hall



 

 

mh@hardmanandco.com

 

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About Hardman & Co: Hardman Research Ltd, trading as Hardman & Co, is an appointed representative of Capital Markets Strategy Ltd and is authorised and regulated by the Financial Conduct Authority; our FCA registration number is 600843. Hardman Research Ltd is registered at Companies House with number 8256259. Attention is drawn to the important disclaimers at the end of the report.



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The issuer is solely responsible for the content of this announcement.


End of Announcement - EQS News Service

1909175  23-May-2024 

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