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The latest update is out from Xbrane Biopharma AB ( (SE:XBRANE) ).
Xbrane Biopharma has entered into a conditional financing agreement with Fenja Capital II A/S to secure a SEK 60 million loan, which will be activated if there is a delay in the FDA approval of their Lucamzi biosimilar. While Xbrane remains optimistic about receiving FDA approval by the anticipated date, the financing solution is a proactive measure to ensure the company’s working capital needs are met in case of a delay. This move underscores Xbrane’s strategic planning to maintain financial stability and operational continuity, potentially affecting its market positioning and stakeholder confidence.
The most recent analyst rating on (SE:XBRANE) stock is a Hold with a SEK0.50 price target. To see the full list of analyst forecasts on Xbrane Biopharma AB stock, see the SE:XBRANE Stock Forecast page.
More about Xbrane Biopharma AB
Xbrane Biopharma AB is a company that develops biological drugs using a patented platform technology aimed at reducing production costs compared to competitors. The company has a portfolio of biosimilar candidates targeting significant market potential, with its lead candidate Ximluci® already approved and launched in Europe. Xbrane is headquartered in Solna, Sweden, and is publicly traded on Nasdaq Stockholm.
Average Trading Volume: 13,702,462
Technical Sentiment Signal: Sell
Current Market Cap: SEK649.1M
For a thorough assessment of XBRANE stock, go to TipRanks’ Stock Analysis page.