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Crossject

CR
Bloomberg   ALCJ FP
Supergenerics  /  France  Web Site   |   Investors Relation
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Target
Upside 489%
Price (€) 1.9
Market Cap (€M) 69.4
Perf. 1W: 12.4%
Perf. 1M: 1.06%
Perf. 3M: -4.72%
Perf Ytd: -61.4%
10 day relative perf. to stoxx600: 14.4%
20 day relative perf. to stoxx600: 11.9%
Other news/comments03/01/2024 09:12

A new distribution agreement in Northern Europe

After the firm order placed by the BARDA (Biomedical Advanced Research and Development Authority) in the US and the other commercialization agreement for Australia and New Zealand, Crossject has announced it has concluded a commercialization agreement in northern Europe for ZEPIZURE (ex Midazolam). There will be no real impact on our numbers, since they are based on the actual product launches.


Fact

Crossject has announced it has concluded a commercialization agreement in northern Europe for ZEPIZURE (previously called ZENEO Midazolam) covering Germany, the UK, Denmark, Sweden, Finland and Norway.


Analysis

Even if the partner for this agreement is undisclosed and that therefore its size and “distribution power” are not know, this is good news for the French group, covering a 170m population. In financial terms, Crossject will receive milestone payments of up to €1m in total, upon marketing authorizations granted in the countries concerned by the agreement, and receive a percentage of the gross margin achieved. In the agreement, Crossject is responsible for regulatory development costs and will own any resulting marketing authorizations. The partner will b e responsible for the commercial costs.

This also comes after the firm order placed by the BARDA (Biomedical Advanced Research and Development Authority), and the other commercialization agreement for Australia and New Zealand (with AF Pharmaceuticals and covering a c.30m population).

Both these agreements and the order placed in the US (BARDA) confirms that the firm is making progress on the future commercialization of Zepizure, and prepares the group for the product launch in these territories once the marketing authorizations are granted.


Impact

There will be no real impact on our numbers, since they are based on the actual product launches. As was the case for the other agreements, the partner will contribute to financing some of the costs the group is incurring with respect to development and “filing-related” expenses.


Updates

05 Jun 24 Financing issue
Success of the capital increase

03 Apr 24 Earnings/sales releases
Patience is a virtue… hopefully

28 Feb 24 Financing issue
Securing the financing needs

08 Feb 24 Strategic Plan
No news is not always good news...

03 Jan 24 Other news/comments
A new distribution agreement in Northern Europe

27 Mar 23 EPS change
No real news in the FY22 results.

23 Mar 23 Earnings/sales releases
FY22: not much to learn from the release

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