Brief: Inventiva Secures EUR 21.4 Mln, Seals First Tranche Of Multi-Tranche Financing

Inventiva SA

16/12/2024 07:59

Dec 16 (Reuters) - Inventiva SA  IVAA.PA :
    * SECURES €21.4 MILLION AND COMPLETES THE FIRST TRANCHE OF
THE
PREVIOUSLY ANNOUNCED MULTI-TRANCHE FINANCING  OF UP TO €348
MILLION
    * ADDITIONAL CASH REQUIREMENTS ESTIMATED AT €120 MILLION TO
€130
MILLION
    * PROCEEDS TO ADVANCE PHASE III NATIV3 CLINICAL TRIAL
    * APPOINTS MARK PRUZANSKI AS CHAIRMAN AND SRINIVAS AKKARAJU
TO
BOARD
    * COMPANY ESTIMATES FINANCING OPERATIONS UNTIL MID-Q3 2025
    * NET PROCEEDS OF €20.1 MILLION TO FUND CLINICAL PROGRAM AND
CORPORATE PURPOSES
    * BOARD APPROVES SECOND PHASE OF TRANCHE 1 FOR €21.4 MILLION

Source text: nGNEb8mzKM
Further company coverage:  IVAA.PA 

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