Medincell drops after 'lower-than-expected' FY revenue
17/06/2026 08:59
BUZZ-Medincell drops after 'lower-than-expected' FY revenue ** Shares in French pharmaceutical company Medincell MEDCL.PA fall 13.4% to the bottom of the SBF120 .SBF120 index after "lower than expected" revenue
** It posted full-year revenue of €19.5 million ($22.63 million), lower than TP ICAP Midcap's estimates of €29.6 million, with an operating loss of €20.7 million
** The drop in revenue is largely due to the lack of milestone payments this year, says TP ICAP Midcap and Portzamparc
** Shares on track for its worst day since January 2026, if losses hold - LSEG Data
($1 = 0.8617 euros)
(Reporting by Margaux Perrin and Ronan Corcoran in Gdansk)
((Margaux.Perrin@thomsonreuters.com and Ronan.Corcoran@thomsonreuters.com))