Hardman & Co Research on Shield Therapeutics (STX): Reassuring 1Q23 Accrufer prescriptions

Hardman & Co Research on Shield Therapeutics (STX):

Reassuring 1Q23 Accrufer prescriptions

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 Rx momentum in 2022 started to accelerate at the end of 1Q23, following recruitment and training of the expanded Shield-Viatris commercial team. In the event that the US goals are achieved, there would be considerable upside potential to the valuation.

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