Brief: Poxel Provides Corporate Update

Poxel SA

21/12/2023 17:19

Dec 21 (Reuters) - Poxel SA  POXEL.PA :
    * POXEL PROVIDES CORPORATE UPDATE
    * CASH RUNWAY UNTIL MARCH 2024, INCLUDING TRANCHES ALREADY
DRAWN
OR FULLY AVAILABLE ON EQUITY-LINKED FINANCING FACILITY WITH IRIS
    * GOAL IS TO FINALIZE ONE OR MORE OF THESE FINANCING OPTIONS
AND/OR PARTNERSHIPS BY END OF Q1 OF 2024.
    * COMPANY REMAINS FOCUSED ON SECURING ADDITIONAL FINANCING
TO
EXECUTE ITS STRATEGIC PLAN IN RARE DISEASES
    * AS OF SEPTEMBER 30, 2023, TOTAL CASH AND CASH EQUIVALENTS
WERE
EUR 5.3 MILLION (USD 5.6 MILLION).
    * POXEL EXPECTS THAT ITS RESOURCES, INCLUDING FUNDS
AVAILABLE TO
IT, WILL BE SUFFICIENT TO FUND ITS OPERATIONS AND CAPITAL
EXPENDITURE REQUIREMENTS UNTIL MARCH 2024

Source text for Eikon:  ID:nBw6tqy12a 
Further company coverage:  POXEL.PA 

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