Hardman & Co Research on Shield Therapeutics (STX):

Accrufer momentum building

Shield Therapeutics (Shield) is a commercial-stage pharma company delivering specialty products that address patients’ unmet medical needs, with an initial focus on iron deficiency (ID). Following launch of Accrufer® in the US, in July 2021, the initial challenge was to greatly improve market awareness of its differentiating features as an oral ID drug. Although the initial uptake was slower than anticipated, there are clear signs in the 1H’22 results that momentum is building. During 2H’22, management will continue to investigate potential sources of capital needed to accelerate prescription (Rx) growth and obtain sales traction.

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