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Brief: Molecure Decides To Close RNA Project

Jan 30 (Reuters) - Molecure SA MOCP.WA:

DECIDES TO CLOSE RNA PROJECT AND HALTS ALL RELATED RESEARCH ACTIVITIES

TO SUBMIT FINAL PAYMENT APPLICATION TO POLISH AGENCY FOR ENTERPRISE DEVELOPMENT (PARP) FOR RNA PROJECT

DECISION BASED ON ANALYSIS SHOWING NO OBJECTIVE WAY TO DEVELOP REPEATABLE, SCALABLE, COST-EFFECTIVE SCHEME FOR PROJECT'S FURTHER DEVELOPMENT

TO FOCUS RESOURCES ON MOST COMMERCIALLY PROMISING PROJECTS, ESPECIALLY OATD-01 AND OATD-02

ESTIMATES IT WILL NOT HAVE TO RETURN ANY RECEIVED FUNDS FOR RNA PROJECT

WILL NOT UTILIZE REMAINING GRANT AMOUNT OF ABOUT 22.35 MILLION ZLOTYS FOR RNA PROJECT

CLOSURE OF RNA PROJECT REMOVES NEED TO COMMIT ABOUT 15.47 MILLION ZLOTYS NET OF OWN FUNDS

Source text: ID:nEM6tTPLka

Further company coverage: MOCP.WA

 (Gdansk Newsroom)

 ((gdansk.newsroom@thomsonreuters.com; +48 58 769 66 00;))

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