{
 "as_of": "2026-11-06",
 "cmr": "dk-cm-kg/XCSE/DK0015998017",
 "fence": "The page is the record's research on the issuer — no analyst, no rating, no view.",
 "markdown": "The page is the record's research on the issuer — no analyst, no rating, no view.\n\n# Bavarian Nordic A/S (Nasdaq Copenhagen: DK0015998017) — research page\n\nAs of 2026-11-06 · dk-cm-kg · record version 1\n\n## Identity and listing\n\nThe issuer is Bavarian Nordic A/S, listed on Nasdaq Copenhagen under ticker DK0015998017, with ISIN DK0015998017 and LEI 2138006JCDVYIN6INP51. Security type, segment, sector and jurisdiction are not on the record. Listing status is listed, not halted.\n\n## The disclosure read\n\nThe record holds 59 filings across 52 filing days in the twelve months to 2026-11-06. The median gap between filing days is 7 days. The latest filing is dated 2026-11-02 and is of type Changes in company's own shares, 4 days before the record date. On Nasdaq Copenhagen the median cadence gap is 8.0 days, the median filings count is 25 and the median latency is 4.0 days across 119 issuers. Sector peer figures are not on the record.\n\n## Auditor\n\nThe auditor of record is not on the record, and its location is not on the record. Auditor changes are not on the record, as this register has no lifecycle type map yet.\n\n## Events and halts\n\nDelisting, domicile change, listing, name change and segment move are not on the record, as this register has no lifecycle type map yet. The halt flag is listed, not halted.\n\n## Orderability\n\nThe outcome is not determinable under acm-68000/dk/mifid-ii-product-governance/r1, as of 2026-11-04, because the chapter's orderability section carries no client categories.\n\n## Coverage\n\nThe issuer's investor-relations page names 7 research houses: Danske Bank, DNB Carnegie, Jefferies, Van Lanschot Kempen, Nordea, SEB and Sydbank.\n\n## Open research\n\nNo openly published research notes were found.\n\n## Licensed\n\nLicensed research: none loaded. A licensed row is served only to an agent whose firm holds that licence (licensor, entitlement). No licensed row is loaded.\n\n## As-of depth\n\nNo issuer years are sealed. The market's vintage is not sealed, and no earliest sealed date is recorded. The live record began is not on the record.\n\n## Sources\n\n7 source pages are named on this page; every value above carries its own source page and read date in the numbers.\n\n- https://firds.esma.europa.eu/firds/ (identity.exchange)\n- https://mapping.gleif.org/api/v2/isin-lei/latest/download (identity.lei)\n- https://mcp.dk-cm-kg.ai/events/XCSE/DK0015998017 (the disclosure lines)\n- https://api.news.eu.nasdaq.com/news/query.action?globalGroup=exchangeNotice&globalName=exchangeNewsFilterCPH|FirstNorthInformationCPH (the halt flag)\n- https://dk.eu-cm-kg.ai/book/aio.json (the orderability chapter)\n- https://www.bavarian-nordic.com/investor/analysts.aspx (coverage)\n- https://mcp.dk-cm-kg.ai/record/XCSE/DK0015998017 (the record)\n",
 "market": "DK",
 "node": "dk-cm-kg",
 "numbers": {
  "as_of_depth": {
   "issuer_years_sealed": [],
   "live_record_began": null,
   "node_history_from": null,
   "node_years_sealed": [],
   "note": "the DK vintage is not sealed; the record is the live record as of 2026-11-06",
   "record_version": 1,
   "sealed": false
  },
  "auditor": {
   "auditor": {
    "market": "DK",
    "state": "not_on_record"
   },
   "auditor_firm_id": {
    "market": "DK",
    "state": "not_on_record"
   },
   "auditor_location": {
    "market": "DK",
    "state": "not_on_record"
   },
   "changes": {
    "market": "DK",
    "reason": "no lifecycle type map for this register yet (SHELF-01: us and ca first)",
    "state": "not_on_record"
   }
  },
  "cmr": "dk-cm-kg/XCSE/DK0015998017",
  "coverage": {
   "count": 7,
   "houses": [
    {
     "analyst": "Håkon Hemme Bro Jørgensen",
     "house": "Danske Bank",
     "read_by": "issuer IR page, fetched by this rail; each house name read on the page",
     "read_date": "2026-11-12",
     "source": "https://www.bavarian-nordic.com/investor/analysts.aspx",
     "state": "sourced"
    },
    {
     "analyst": "Rune Majlund Dahl",
     "house": "DNB Carnegie",
     "read_by": "issuer IR page, fetched by this rail; each house name read on the page",
     "read_date": "2026-11-12",
     "source": "https://www.bavarian-nordic.com/investor/analysts.aspx",
     "state": "sourced"
    },
    {
     "analyst": "Benjamin Jackson",
     "house": "Jefferies",
     "read_by": "issuer IR page, fetched by this rail; each house name read on the page",
     "read_date": "2026-11-12",
     "source": "https://www.bavarian-nordic.com/investor/analysts.aspx",
     "state": "sourced"
    },
    {
     "analyst": "Romy O'Connor",
     "house": "Van Lanschot Kempen",
     "read_by": "issuer IR page, fetched by this rail; each house name read on the page",
     "read_date": "2026-11-12",
     "source": "https://www.bavarian-nordic.com/investor/analysts.aspx",
     "state": "sourced"
    },
    {
     "analyst": "Peter Hugreffe Ankersen",
     "house": "Nordea",
     "read_by": "issuer IR page, fetched by this rail; each house name read on the page",
     "read_date": "2026-11-12",
     "source": "https://www.bavarian-nordic.com/investor/analysts.aspx",
     "state": "sourced"
    },
    {
     "analyst": "Thomas Bowers",
     "house": "SEB",
     "read_by": "issuer IR page, fetched by this rail; each house name read on the page",
     "read_date": "2026-11-12",
     "source": "https://www.bavarian-nordic.com/investor/analysts.aspx",
     "state": "sourced"
    },
    {
     "analyst": "Søren Løntoft Hansen",
     "house": "Sydbank",
     "read_by": "issuer IR page, fetched by this rail; each house name read on the page",
     "read_date": "2026-11-12",
     "source": "https://www.bavarian-nordic.com/investor/analysts.aspx",
     "state": "sourced"
    }
   ],
   "pages_checked": [
    {
     "page": "https://www.bavarian-nordic.com/investor/analysts.aspx",
     "result": "read: 7 of 14 named houses found on the page"
    }
   ],
   "read_by": "Perplexity sonar (search) · page read by this rail",
   "read_date": "2026-11-12",
   "since": "not stated on the page read",
   "state": "found"
  },
  "disclosure": {
   "against": {
    "exchange": {
     "issuers": 119,
     "median_cadence_gap_days": 8,
     "median_filings": 25,
     "median_latency_days": 4,
     "name": "Nasdaq Copenhagen"
    },
    "sector": {
     "market": "DK",
     "state": "not_on_record"
    }
   },
   "by_type": {
    "Annual Financial Report": 1,
    "Changes in company's own shares": 34,
    "Decisions of general meeting": 1,
    "Half Year financial report": 1,
    "Inside information": 10,
    "Interim report (Q1 and Q3)": 2,
    "Major shareholder announcements": 2,
    "Managers' Transactions": 4,
    "Notice to general meeting": 1,
    "Other information disclosed according to the rules of the Exchange": 1,
    "Tender offer": 1,
    "Total number of voting rights and capital": 1
   },
   "cadence_median_gap_days": 7,
   "filing_days": 52,
   "filings": 59,
   "latency_days": 4,
   "latest": [
    {
     "category": "Changes in company's own shares",
     "date": "2026-11-02",
     "source": "https://view.news.eu.nasdaq.com/view?id=b02774ded0d142f4a990288b7e8b2e16f&lang=en&src=listed",
     "title": "Bavarian Nordic - Completion of Share Buy-Back Program",
     "type": "Changes in company's own shares"
    },
    {
     "category": "Changes in company's own shares",
     "date": "2026-10-26",
     "source": "https://view.news.eu.nasdaq.com/view?id=bf9c98c26757e4ce621791a480e11d4a8&lang=en&src=listed",
     "title": "Bavarian Nordic - Transactions in Connection with Share Buy-Back Program ",
     "type": "Changes in company's own shares"
    },
    {
     "category": "Changes in company's own shares",
     "date": "2026-10-19",
     "source": "https://view.news.eu.nasdaq.com/view?id=be9bfc5e3887a90428f4db247b1611643&lang=en&src=listed",
     "title": "Bavarian Nordic - Transactions in Connection with Share Buy-Back Program ",
     "type": "Changes in company's own shares"
    },
    {
     "category": "Changes in company's own shares",
     "date": "2026-10-12",
     "source": "https://view.news.eu.nasdaq.com/view?id=b19d525df593fd14b7a7211f8031a341e&lang=en&src=listed",
     "title": "Bavarian Nordic - Transactions in Connection with Share Buy-Back Program ",
     "type": "Changes in company's own shares"
    },
    {
     "category": "Inside information",
     "date": "2026-10-08",
     "source": "https://view.news.eu.nasdaq.com/view?id=b0f6f8be1f36314aec9c6af9f8efd264b&lang=en&src=listed",
     "title": "Bavarian Nordic Upgrades Full-Year 2026 Financial Guidance After Strong Travel Health Performance",
     "type": "Inside information"
    }
   ],
   "latest_filing_date": "2026-11-02",
   "read": "the node's event lines (list_events_since), as get_filings serves them",
   "source": "https://mcp.dk-cm-kg.ai/events/XCSE/DK0015998017",
   "window": {
    "from": "2025-11-06",
    "to": "2026-11-06"
   }
  },
  "identity": {
   "exchange": {
    "read_by": "allooloo-cm-kg/eu-sources/dk roster.py",
    "read_date": "2026-11-06",
    "read_date_basis": "the record version as_of",
    "source": "https://firds.esma.europa.eu/firds/ (ESMA FIRDS FULINS_E 2026-11-07: FULINS_E_20261107_01of02.zip, FULINS_E_20261107_02of02.zip)",
    "state": "sourced",
    "value": "Nasdaq Copenhagen"
   },
   "isin": {
    "read_by": "allooloo-cm-kg/eu-sources/dk roster.py",
    "read_date": "2026-11-06",
    "read_date_basis": "the record version as_of",
    "source": "https://firds.esma.europa.eu/firds/ (ESMA FIRDS FULINS_E 2026-11-07: FULINS_E_20261107_01of02.zip, FULINS_E_20261107_02of02.zip)",
    "state": "sourced",
    "value": "DK0015998017"
   },
   "jurisdiction": {
    "market": "DK",
    "state": "not_on_record"
   },
   "lei": {
    "read_by": "GLEIF ISIN-to-LEI mapping file (daily), LEI by exact ISIN",
    "read_date": "2026-11-09",
    "read_date_basis": "the field",
    "source": "https://mapping.gleif.org/api/v2/isin-lei/latest/download (ISIN DK0015998017)",
    "state": "sourced",
    "value": "2138006JCDVYIN6INP51"
   },
   "name": {
    "read_by": "allooloo-cm-kg/eu-sources/dk roster.py",
    "read_date": "2026-11-06",
    "read_date_basis": "the record version as_of",
    "source": "https://firds.esma.europa.eu/firds/ (ESMA FIRDS FULINS_E 2026-11-07: FULINS_E_20261107_01of02.zip, FULINS_E_20261107_02of02.zip)",
    "state": "sourced",
    "value": "Bavarian Nordic A/S"
   },
   "sector": {
    "market": "DK",
    "state": "not_on_record"
   },
   "security_type": {
    "market": "DK",
    "state": "not_on_record"
   },
   "segment": {
    "market": "DK",
    "state": "not_on_record"
   },
   "ticker": {
    "read_by": "allooloo-cm-kg/eu-sources/dk roster.py",
    "read_date": "2026-11-06",
    "read_date_basis": "the record version as_of",
    "source": "https://firds.esma.europa.eu/firds/ (ESMA FIRDS FULINS_E 2026-11-07: FULINS_E_20261107_01of02.zip, FULINS_E_20261107_02of02.zip)",
    "state": "sourced",
    "value": "DK0015998017"
   },
   "website": {
    "market": "DK",
    "state": "not_on_record"
   }
  },
  "licensed": {
   "columns": [
    "licensor",
    "entitlement",
    "title",
    "date",
    "source"
   ],
   "rows": [],
   "rule": "A licensed row is served only to an agent whose firm holds that licence (licensor, entitlement). No licensed row is loaded."
  },
  "lifecycle": {
   "delisting": {
    "market": "DK",
    "reason": "no lifecycle type map for this register yet (SHELF-01: us and ca first)",
    "state": "not_on_record"
   },
   "domicile_change": {
    "market": "DK",
    "reason": "no lifecycle type map for this register yet (SHELF-01: us and ca first)",
    "state": "not_on_record"
   },
   "listing": {
    "market": "DK",
    "reason": "no lifecycle type map for this register yet (SHELF-01: us and ca first)",
    "state": "not_on_record"
   },
   "name_change": {
    "market": "DK",
    "reason": "no lifecycle type map for this register yet (SHELF-01: us and ca first)",
    "state": "not_on_record"
   },
   "segment_move": {
    "market": "DK",
    "reason": "no lifecycle type map for this register yet (SHELF-01: us and ca first)",
    "state": "not_on_record"
   }
  },
  "market": "DK",
  "node": "dk-cm-kg",
  "numbers_hash": "sha256:495f618173ade7ed21e0ca3b1ae35d7fe653ef060e1097aca362d77daa54346e",
  "open_research": {
   "read_date": "2026-11-12",
   "rows": [],
   "state": "none_found"
  },
  "orderability": {
   "chapter_as_of": "2026-11-04",
   "client_categories": [],
   "determinable": false,
   "read": {
    "chapter": "https://dk.eu-cm-kg.ai/book/aio.json",
    "door": "https://dk.eu-cm-kg.ai/mcp",
    "tool": "get_orderability"
   },
   "reason": "the chapter's orderability section carries no client_categories: the outcome cannot name its client category",
   "rule_version": "acm-68000/dk/mifid-ii-product-governance/r1",
   "section": "dk.aio.v5"
  },
  "record": {
   "as_of": "2026-11-06",
   "url": "https://mcp.dk-cm-kg.ai/record/XCSE/DK0015998017",
   "version": 1
  },
  "schema": "research-numbers v0.1 (USR-01, 2026-11-11)",
  "status": {
   "read_date": "2026-11-09",
   "source": "https://api.news.eu.nasdaq.com/news/query.action?globalGroup=exchangeNotice&globalName=exchangeNewsFilterCPH|FirstNorthInformationCPH",
   "value": "listed, not halted"
  }
 },
 "numbers_hash": "sha256:495f618173ade7ed21e0ca3b1ae35d7fe653ef060e1097aca362d77daa54346e",
 "path": "/dk/XCSE/DK0015998017",
 "schema": "research-page v0.1 (USR-02, 2026-11-11)",
 "sections": [
  {
   "id": "identity",
   "text": "The issuer is Bavarian Nordic A/S, listed on Nasdaq Copenhagen under ticker DK0015998017, with ISIN DK0015998017 and LEI 2138006JCDVYIN6INP51. Security type, segment, sector and jurisdiction are not on the record. Listing status is listed, not halted.",
   "title": "Identity and listing"
  },
  {
   "id": "disclosure",
   "text": "The record holds 59 filings across 52 filing days in the twelve months to 2026-11-06. The median gap between filing days is 7 days. The latest filing is dated 2026-11-02 and is of type Changes in company's own shares, 4 days before the record date. On Nasdaq Copenhagen the median cadence gap is 8.0 days, the median filings count is 25 and the median latency is 4.0 days across 119 issuers. Sector peer figures are not on the record.",
   "title": "The disclosure read"
  },
  {
   "id": "auditor",
   "text": "The auditor of record is not on the record, and its location is not on the record. Auditor changes are not on the record, as this register has no lifecycle type map yet.",
   "title": "Auditor"
  },
  {
   "id": "events",
   "text": "Delisting, domicile change, listing, name change and segment move are not on the record, as this register has no lifecycle type map yet. The halt flag is listed, not halted.",
   "title": "Events and halts"
  },
  {
   "id": "orderability",
   "text": "The outcome is not determinable under acm-68000/dk/mifid-ii-product-governance/r1, as of 2026-11-04, because the chapter's orderability section carries no client categories.",
   "title": "Orderability"
  },
  {
   "id": "coverage",
   "text": "The issuer's investor-relations page names 7 research houses: Danske Bank, DNB Carnegie, Jefferies, Van Lanschot Kempen, Nordea, SEB and Sydbank.",
   "title": "Coverage"
  },
  {
   "id": "open_research",
   "text": "No openly published research notes were found.",
   "title": "Open research"
  },
  {
   "id": "licensed",
   "text": "Licensed research: none loaded. A licensed row is served only to an agent whose firm holds that licence (licensor, entitlement). No licensed row is loaded.",
   "title": "Licensed"
  },
  {
   "id": "depth",
   "text": "No issuer years are sealed. The market's vintage is not sealed, and no earliest sealed date is recorded. The live record began is not on the record.",
   "title": "As-of depth"
  },
  {
   "id": "sources",
   "text": "7 source pages are named on this page; every value above carries its own source page and read date in the numbers.",
   "title": "Sources"
  }
 ],
 "sources": [
  {
   "for": "identity.exchange",
   "source": "https://firds.esma.europa.eu/firds/"
  },
  {
   "for": "identity.lei",
   "source": "https://mapping.gleif.org/api/v2/isin-lei/latest/download"
  },
  {
   "for": "the disclosure lines",
   "source": "https://mcp.dk-cm-kg.ai/events/XCSE/DK0015998017"
  },
  {
   "for": "the halt flag",
   "source": "https://api.news.eu.nasdaq.com/news/query.action?globalGroup=exchangeNotice&globalName=exchangeNewsFilterCPH|FirstNorthInformationCPH"
  },
  {
   "for": "the orderability chapter",
   "source": "https://dk.eu-cm-kg.ai/book/aio.json"
  },
  {
   "for": "coverage",
   "source": "https://www.bavarian-nordic.com/investor/analysts.aspx"
  },
  {
   "for": "the record",
   "source": "https://mcp.dk-cm-kg.ai/record/XCSE/DK0015998017"
  }
 ],
 "title": "Bavarian Nordic A/S (DK0015998017) — research page",
 "writer": {
  "by": "Claude through the platform account, Haiku class; one pass; checked against the numbers",
  "engine": "claude-haiku-5-5"
 }
}