Tissue Regenix Group PLC Edison research outlook on Tissue Regenix (TRX)
July 28 2016 - 5:58AM
RNS Non-Regulatory
TIDMTRX
Tissue Regenix Group PLC
28 July 2016
London, UK, 28 July 2016
Edison issues research outlook on Tissue Regenix (TRX)
Tissue Regenix's (TRX) investment story is built on dCELL, a
versatile regenerative medical technology, and its potential across
the subsectors: wound care, orthopaedics and cardiac implants.
Orthopaedics holds significant promise as the family of dCELL
OrthoPure grafts is targeted at high-growth global markets where
there are few effective alternatives. We have updated our
sum-of-the-parts valuation model to GBP338m, a slight reduction due
to revised product timeline launches, costs and revenue
forecasts.
We have revisited a number of our key valuation assumptions to
reflect the clarity on launch timeframes, associated costs and
updated revenue guidance. Our DCF valuation has reduced to GBP338m
(vs GBP380m) or 44.4p (vs 50p) per share. According to our model,
the current price gives a free option on wound care, the most
commercially advanced division, and does not reflect the full
pipeline potential, which could ultimately be an acquisition target
as a whole or by division.
Click here to view the full report
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