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Abzena (ABZA) - Focus on integration and growth

11:43 EDT 20 Jun 2017 | Edison Investment Research

Edison Investment Research - Pharmaceutical & healthcare - Abzena: Abzena reported solid FY17 results with underlying revenue growth of 41% (to £18.7m). In FY17, Abzena continued to focus on the integration of its service offering across its three sites (US and UK), which has been expanded by its recent placing of £25m gross (issuing 75.8m new shares at 33p). We expect this to enable strong growth and take Abzena to profitability in FY20, which will be a significant milestone for the company. We maintain our valuation at £132m, 62p per share, but note potential upside as it demonstrates growth and as Abzena inside products progress.
ISIN: GB00BN65QN46

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