Brief: Poxel FY Revenue Down At 26.6 million Euros

Poxel SA

12/02/2020 17:13

Feb 12 (Reuters) - POXEL SA  POXEL.PA :
    * POXEL REPORTS FINANCIAL UPDATE FOR CASH AND REVENUE FOR
THE FULL
YEAR 2019 AND PROVIDES CORPORATE UPDATE
    * AS OF DECEMBER 31, 2019, TOTAL CASH AND CASH EQUIVALENTS
WERE
EUR 37.2 MILLION
    * FY REVENUE EUR 26.6 MILLION VERSUS EUR 62.4 MILLION
(ADJUSTED)
YEAR AGO
    * ABILITY TO DRAW DOWN EUR 10 MILLION BEFORE MARCH 31, 2020
BASED
ON SUCCESSFUL COMPLETION OF IMEGLIMIN PHASE 3 TIMES PROGRAM,
WHICH WAS MILESTONE ACHIEVED IN DEC 2019
    * ABILITY TO DRAW DOWN ADDITIONAL EUR 13.5 MILLION IN 2021
BASED
ON MARKETING AUTHORIZATION OF IMEGLIMIN IN JAPAN

Source text for Eikon:  ID:nBw9CTbCMa 
Further company coverage:  POXEL.PA 

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