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ADVIC - Advicenne SA News Story

€7.48 0.4  5.7%

Last Trade - 10:59am

Sector
Healthcare
Size
Small Cap
Market Cap £53.6m
Enterprise Value £39.7m
Revenue £1.50m
Position in Universe 559th / 852

BRIEF-Advicenne Signs 20 Million Euros Financing Agreement With European Investment Bank

Thu 18th July, 2019 6:17pm
July 18 (Reuters) - ADVICENNE SA  ADVIC.PA :
    * FINANCIAL VISIBILITY AND ACCELERATED DEVELOPMENT -
ADVICENNE
SIGNS € 20 MILLION FINANCING AGREEMENT WITH EUROPEAN INVESTMENT
BANK TO SUPPORT FUTURE DEVELOPMENT
    * FINANCING IS STRUCTURED IN THREE TRANCHES OF EUR 7.5
MILLION,
EUR 5 MILLION AND EUR 7.5 MILLION, RESPECTIVELY
    * ADDITIONAL FUNDING WILL MAKE IT POSSIBLE TO EXTEND
COMPANY'S
FINANCIAL VISIBILITY WHILE IT PURSUES ITS CLINICAL RESEARCH IN
DRTA AND CYSTINURIA
    * LOAN WILL SUPPORT ADVICENNE'S LATEST STRATEGIC RESEARCH
AND
DEVELOPMENT INITIATIVES
    * LOAN WILL ALLOW COMPANY TO EXPAND ITS PORTFOLIO OF
INNOVATIVE
MEDICATIONS FOR RARE DISEASES

Source text for Eikon:  ID:nBw6vmk7Wa 
Further company coverage:  ADVIC.PA 

 (Gdynia Newsroom)
 ((gdynia.newsroom@thomsonreuters.com; +48 58 772 09 20;))
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