We could not find any results for:
Make sure your spelling is correct or try broadening your search.
Share Name | Share Symbol | Market | Type |
---|---|---|---|
Biophytis | EU:ALBPS | Euronext | Ordinary Share |
Price Change | % Change | Share Price | Bid Price | Offer Price | High Price | Low Price | Open Price | Shares Traded | Last Trade | |
---|---|---|---|---|---|---|---|---|---|---|
-0.01 | -1.35% | 0.73 | 0.73 | 0.74 | 0.74 | 0.73 | 0.74 | 8,289 | 09:05:30 |
The 2018 Annual Report has been filed concurrently with the public filing of a registration statement on Form F-1 with the U.S. Securities and Exchange Commission, which is being separately announced today.
First Quarter 2019 FinancialsThe Company also provided first quarter 2019 interim condensed consolidated financial statements, which are available in their entirety on the Company’s website (www.biophytis.com) and summarized below:
Considering current cash resources and existing financing lines, the company has the financial means to operate for the next 12 months.
Intellectual Property Agreement with Stanislas VeilletUnder French intellectual property law, Mr. Veillet, our CEO, who is a corporate officer (mandataire social) but not an employee of the Company, is entitled to certain rights with respect to inventions he has developed with the Company and for which the Company has submitted patent applications in which he is listed as a co-inventor as well as other inventions that the Company expects may give rise to patent applications in the future, for which he is likely to be included as a co-inventor. These rights are distinct from the statutory rights that usually apply to employee inventors under French law. In order to define a framework within which any intellectual property resulting from Mr. Veillet’s research and development activities is properly assigned to the Company, the parties have entered into an agreement, which was approved by the board of directors of the Company and provides for the following payments to Mr. Veillet for his contributions:
These three payments will be capped at €2.1 million on a platform per platform basis.
In the event that a third-party pharmaceutical and/or biotech company acquires 100% of our capital and voting rights, payments will be accelerated, so that the cap (€2.1 million per platform), less any amount previously paid in respect of a platform, will become immediately payable.
A payment of €450 thousands will be made to the Company’s CEO within 30 days of execution of the agreement, as certain patent applications covered by the agreement had already been filed and therefore triggered payment of the first lump sum.
About BiophytisBiophytis is a clinical-stage biotechnology company focused on the development of therapeutics that slow the degenerative processes and improve functional outcomes for patients suffering from age-related diseases. Our therapeutic approach is aimed at targeting and activating key biological resilience pathways that can protect against and counteract the effects of the multiple biological and environmental stresses that lead to age-related diseases. Our lead drug candidate, Sarconeos (BIO101), is an orally administered small molecule in development for the treatment of neuromuscular diseases, including sarcopenia and Duchenne muscular dystrophy (DMD). Our second drug candidate, Macuneos (BIO201), is an orally administered small molecule in development for the treatment of retinal diseases, including dry age-related macular degeneration (AMD) and Stargardt disease. Biophytis is headquartered in Paris, France, and has offices in Cambridge, Massachusetts. The Company’s ordinary shares are listed on Euronext Growth Paris (Ticker: ALBPS - ISIN: FR0012816825). For more information please visit www.biophytis.com.
DisclaimerThis press release contains forward-looking statements. Forward-looking statements include all statements that are not historical facts. In some cases, you can identify these forward-looking statements by the use of words such as "outlook," "believes," "expects," "potential," "continues," "may," "will," "should," "could," "seeks," "predicts," "intends," "trends," "plans," "estimates," "anticipates" or the negative version of these words or other comparable words. These forward-looking statements include any statements relating to future payments to be made to Stanislas Veillet under the Intellectual Property Agreement. Such forward-looking statements are subject to various risks and uncertainties including, without limitation, risks inherent in the development and/or commercialization of potential products, the outcome of its studies, uncertainty in the results of pre-clinical and clinical trials or regulatory approvals, need and ability to obtain future capital, and maintenance of intellectual property rights. Accordingly, there are or will be important factors that could cause actual outcomes or results to differ materially from those indicated in these statements. These factors include but are not limited to those described under "Risk Factors" in Biophytis’ registration statement relating to the initial public offering. These factors should not be construed as exhaustive and should be read in conjunction with the other cautionary statements that are included in the registration statement. We undertake no obligation to publicly update or review any forward-looking statement, whether as a result of new information, future developments or otherwise, except as required by law.
Biophytis Investor Relations ContactDaniel Schneiderman, CFO dan.schneiderman@biophytis.comTel: +1 (857) 220-9720
U.S. Media ContactLifeSci Public Relations Cherilyn Cecchini, M.D.ccecchini@lifescipublicrelations.comTel: +1 (646) 876-5196
Europe Media ContactCitigate Dewe RogersonAntoine Denry antoine.denry@citigatedewerogerson.comTel: +33 (0) 1 53 32 84 78
1 Year Biophytis Chart |
1 Month Biophytis Chart |
It looks like you are not logged in. Click the button below to log in and keep track of your recent history.
Support: +44 (0) 203 8794 460 | support@advfn.com
By accessing the services available at ADVFN you are agreeing to be bound by ADVFN's Terms & Conditions