Qlife: Initiation of coverage by Redeye AB
Initiation of coverage by Redeye AB.
Investment thesis - Testing is coming home.
"Redeye initiates coverage of Qlife, which aims to bring clinical grade biomarker testing to the home setting thanks to its Egoo system. Qlife has already achieved sales of SEK77m of devices and tests for SARS-CoV-2, but it will now concentrate on CRP biomarker tests. We believe the technology may prove to be disruptive in the market."
Fair value target - base case SEK 4.2
Qlife Holding
Qlife Holding AB is a med-tech group that strives to revolutionize the market for clinical biomarkers and virus tests. By enabling tests at home as a complement to tests in healthcare, access to important health information is facilitated, which can contribute to better treatment and potentially prevent diseases. The first capsules in the company's product, Egoo.Health Platform, were CE-marked for professional use in early 2020. The company has patent protection for key parts of its technology. The Danish-based company is listed on Nasdaq First North Stockholm.
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