Copyright © Inderes 2011 - present. All rights reserved.
  • Latest
  • Markets
    • Stock Comparison
    • Financial Calendar
    • Dividends Calendar
    • Research
    • Articles
  • inderesTV
  • Forum
  • About Us
    • Our Coverage
    • Team
Press release

Västra Hamnen Market Focus: Bioextrax: Capacity to accommodate rising interest

Bioextrax
  • American start-up company exercises option for the next period
  • Warrants subscription adds SEK 10.6 million before issue costs
  • Our model implies a fair valuation of SEK 10.5 per share

Bioextrax shows continued progress in its Q2 report for 2023. The company signed a license agreement with the US start-up, replacing the term sheet from earlier this year. Bioextrax project with the cosmetics company has also made progress entering phase three in the process. Initial runs in Bioextrax scaled-up facility are completed, giving the company the capacity to accommodate a rising customer interest. Bioextrax is in dialogue with several counterparts, discussing the next step after successful tests and evaluations. The company’s progress resulted in minor changes in our model, and we maintain the fair value of SEK 10.5 per share.

The initial research report is available here.

About Market Focus


The research report is prepared as part of Market Focus, Västra Hamnen Corporate Finance's commissioned research offering.

This is a press release from Västra Hamnen Corporate Finance AB. 
Web: vhcorp.se
Twitter: @vhcorp_se (https://twitter.com/vhcorp_se)

Find us on social media
  • Inderes Forum
  • Youtube
  • Facebook
  • X (Twitter)
Get in touch
  • info@hcandersencapital.dk
  • Bredgade 23B, 2. sal
    1260 København K
Inderes
  • About us
  • Our team
  • Careers
  • Inderes as an investment
  • Services for listed companies
Our platform
  • FAQ
  • Terms of service
  • Privacy policy
  • Disclaimer
Inderes’ Disclaimer can be found here. Detailed information about each share actively monitored by Inderes is available on the company-specific pages on Inderes’ website. © Inderes Oyj. All rights reserved.