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Gabather: Eager to start the TOTEMS study
Research update Q3 2025
|2025-12-01
- A TOTEMS study article published in Frontiers in Psychiatry
- The exercise of TO 7 warrants provides some financial relief
- We keep our fair value of SEK 0,092 per share
Gabather's reported figures in its recent Q3 report were close to our estimates, however with a weaker cash position. The exercise of TO 7 warrants will help alleviate this, for now. Over the autumn Gabather has been scientifically validated, both by presenting a poster at the Society for Neuroscience Annual Meeting and by a published article in Frontiers in Psychiatry. Looking ahead, we expect the first patient to be treated in the TOTEMS phase II clinical trial around the turn of the year. We make only minor adjustments to our model and maintain our fair value of SEK 0.092 per share.
Read our latest analysis below. The report is available in English.
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Jacob Murat
Analyst
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Martin Dominique
Cheif Analyst