Hardman & Co Research on Shield Therapeutics (STX):

Positioned for growth and profitability

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 has been increasing physician awareness of the differentiating characteristics of Accrufer® as an oral ID drug, with the aim of generating prescription (Rx) growth and sales traction. Positive momentum in 2H’22 should be accelerated substantially in 2023, with Viatris as its new commercial partner, and increased resources from a capital increase. In the event that the US goals are achieved, there would be considerable upside potential to the valuation.

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