Brief: Neovacs Announces Fundraising Of 2 Millions Euros

Neovacs SA

26/03/2021 18:12

March 26 (Reuters) - NEOVACS SA  ALNEV.PA :
    * FUNDRAISING OF €2M
    * DRAWDOWN OF 2 TRANCHES OF OCEANE-BSA BONDS, WITH A NOMINAL
VALUE
OF EUR 1 MILLION
    * NET PROCEEDS (€1,940,000) TO FINANCE  KINOÏDE ALLERGY
RESEARCH
PROGRAMME (50%) AND TO STRENGTHEN COMPANY'S CAPACITY TO INVEST
IN PROMISING PROJECTS, BOTH IN DEVELOPMENT OF DRUG CANDIDATES
AND MEDICAL DEVICES
    * AFTER THIS DRAWDOWN, NEOVACS' CASH POSITION IS €23.3M,
COMPANY
HAS NOT MADE ANY EQUITY INVESTMENTS

Source text for Eikon:  ID:nACT68410 
Further company coverage:  ALNEV.PA 

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