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Redeye provides an initial take on Genovis’ Q3 report. We argue that it is a relatively weak report as the sales growth was only 10% (low for Genovis). However, the third quarter is a seasonally weaker quarter for the company. We continue to see a strong outlook for Genovis as things get back to normal and with a potential follow-up order in Bioprocess in the coming months, we continue to see the stock as a compelling investment.

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Genovis AB provides enzymes and technologies for analytical characterization and conjugation of biopharmaceuticals. The principal activities of the company are to develop, produce and market tools for developing new drugs and diagnostics. The Genovis product line comprises of GingisREX, FabRICATOR, GlyCLICK, GingisKHAN, GlycINATOR, Fabulous, lgGZERO, and Enzymes for O-glycan. The company serves mainly the medical device and pharmaceutical industries.