With H1/2018A numbers much in line with our expectations, MDxH is building momentum with sustained growth of its Confirm- and SelectMDx prostrate cancer diagnostics. While ConfirmMDx will continue to be the main driver in the shorter term, SelectMDx looks increasingly like the major value driver. Increasing evidence should supports the clinical and economic benefits of SelectMDx throughout prostate cancer therapy from early diagnosis through longer term treatment management and monitoring; a potential multi-billion dollar market. The company remains attractive at current levels. We maintain and reiterate both our OUTPERFORM recommendation and €9 target price per share.
