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Analyst Comment

Herantis Pharma collected 5.2 MEUR in gross assets from the directed share issue as expected

By Antti LuiroHead of Nordic ER Development, Analyst
Herantis Pharma

Translation: Original published in Finnish on 02/07/2025 at 8:00 am EET

The funds raised in the issue will strengthen the company's financial position until the topline data of the HER-096 phase 1b trial are released in Q3'25. The company commented that it will continue its partnership discussions and preparations for the phase 2 trial. The share issue will be carried out at a price of EUR 1.32 per share, which represents a discount of -12% to yesterday's closing price of EUR 1.5 per share and raises the company's number of shares by some 20%. The funding is almost exactly in line with our expectations in size (Assumption: 5 MEUR), timing (Assumption: early 2025) and valuation (Assumption: EUR 1.36 per share) and therefore contains no surprises. Thus, the release only necessitates minor revisions to our forecasts. We will update our forecasts and views on the company in connection with the financial statements release to be published on March 6.

Herantis Pharma Plc is a clinical-stage biotechnology company developing disease modifying therapies for Parkinson’s disease. Herantis’ lead product HER-096 is a small synthetic chemical peptidomimetic molecule developed based on the active site of the CDNF protein. HER-096 combines the mechanism of action of CDNF with subcutaneous administration. The Phase 1a clinical trial demonstrated a good safety and tolerability profile as well as blood-brain barrier penetration of subcutaneously administered HER-096. The shares of Herantis are listed on the Nasdaq First North Growth Market Finland.

Read more on company page

Key Estimate Figures23.08.2024

202324e25e
Revenue0.00.00.0
growth-%150.0 %
EBIT (adj.)0.2-5.3-5.0
EBIT-% (adj.)3,850.0 %-52,560.0 %-49,520.0 %
EPS (adj.)0.01-0.26-0.21
Dividend0.000.000.00
Dividend %
P/E (adj.)114.2neg.neg.
EV/EBITDA165.2neg.neg.

Forum discussions

Herantis Pharma plc **Espoo, Finland, March 16, 2026:**Herantis Pharma Plc (“Herantis”), a clinical-stage company developing disease-modifying...
14 hours ago
by Oxymoron 007
5
CFO added a small slice. Inderes Herantis Pharma Oyj: Johdon liiketoimet – Tone Kvåle - Inderes Herantis Pharma OyjYhtiötiedote 10.3.2026 kello...
3/10/2026, 11:25 AM
by Pursi
12
A clear answer regarding the outlook for the formation of Herantis Pharma’s partnership agreement. https://x.com/ristopar/status/2030476177870131641...
3/9/2026, 2:04 AM
by Oxymoron 007
4
Here is a fresh company report from Antti regarding Herantis’s H2 Herantis’s main theme for 2025 was the completion of the Phase I study. All...
3/6/2026, 5:46 AM
by Sijoittaja-alokas
9
Good interview of Antti by Antti. Vuolanto’s demeanor is quite confident and calm. 2025 went successfully, results were good and the feedback...
3/5/2026, 12:38 PM
by Pursi
10
In my opinion, Herantis Pharma’s communications have been of very high quality in all respects. Essential matters have been reported well in...
3/5/2026, 3:13 AM
by Oxymoron 007
4
I don’t know, but could a major problem for Finnish listed companies be equal disclosure and the treatment of owners? Nowadays, as information...
3/3/2026, 8:11 AM
1
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