Redeye: Pledpharma - Aladote upside

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Redeye reiterates its base case valuation of SEK 15 following the Q1 2020 report. Due to the negative news about PledOx this year, our valuation solely rests on Aladote, where we do see a credible pathway forward, and we expect a pivotal Phase 2/3 trial can be initiated about year-end.

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