Brief: EIB, GeNeuro Sign EUR 25 Million Credit Line

Geneuro SA

07/03/2023 06:32

March 7 (Reuters) - Geneuro SA  GNRO.PA :
    * THE EIB AND GENEURO SIGN A EUR 25 MILLION CREDIT LINE
BACKED BY
INVESTEU TO SUPPORT CLINICAL DEVELOPMENTS AGAINST LONG-COVID
    * EXTENSION OF GENEURO'S CASH VISIBILITY TO 3Q2024,
INCLUDING
FIRST TRANCHE OF EUR 7 MILLION.
    * FIRST TRANCHE OF EUR 7MILLION, AVAILABLE IMMEDIATELY, IS
INTENDED TO SUPPORT PHASE 2 CLINICAL TRIAL IN LONG-COVID
    * OTHER TRANCHES OF EUR10 MILLION AND EUR8 MILLION ARE
INTENDED
FOR PREPARATION AND LAUNCH OF PHASE 3 RESPECTIVELY

Source text for Eikon:  ID:nBw8bcTQka 
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