Brief: Biotalys Expects Lower Y/Y FY Cash Burn

Biotalys NV

23/08/2023 06:27

Aug 23 (Reuters) - Biotalys NV  BTLS.BR :
    * CASH AND CASH EQUIVALENTS AMOUNTED TO EUR 32 MILLION END
OF JUNE
2023
    * SUCCESSFUL CFO SUCCESSION WITH DOUGLAS MINDER IN FUNCTION
SINCE
JULY 1ST
    * PRIVATE PLACEMENT OF NEW SHARES FOR EUR 7 MILLION AT
MARKET
VALUE
    * OTHER OPERATING INCOME FOR THE FIRST HALF OF 2023 AMOUNTED
TO
EUR 1.3 MILLION
    * EXCLUDING FUNDS RAISED IN PRIVATE PLACEMENT OF JUNE 2023,
EXPECTS CASH BURN FOR FY TO BE SLIGHTLY LOWER THAN IN FY 2022
(2022: EUR 22 MILLION)
    * BIOTALYS EXPECTS TO INITIATE THE MARKET CALIBRATION OF
EVOCA IN
2024 WITH BIOBEST IN SELECTED U.S. STATES UPON REGISTRATION OF
THE PRODUCT

Source text for Eikon:  ID:nGNEHqzvx 
Further company coverage:  BTLS.BR 

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