Brief: Poxel Reports 9-Month Revenues Of EUR 1,619 Thousand

Poxel SA

08/11/2023 17:16

Nov 8 (Reuters) - Poxel SA  POXEL.PA :
    * AS OF SEPTEMBER 30, 2023, CASH AND CASH EQUIVALENTS WERE
EUR 5.3
MILLION (USD 5.6 MILLION)
    * ASSUMING FULL DRAWDOWN OF EXISTING EQUITY-LINKED FINANCING
FACILITY WITH IRIS, CASH RUNWAY THROUGH Q2 2025
    * POXEL REPORTED REVENUES OF EUR 1,619 THOUSAND FOR NINE
MONTHS
ENDED SEPTEMBER 30, 2023,
    * COMPANY EXPECTS THAT ITS RESOURCES WILL BE SUFFICIENT TO
FUND
ITS OPERATIONS AND CAPITAL EXPENDITURE REQUIREMENTS UNTIL
JANUARY 2024
    * FOR TERRITORIES NOT COVERED BY ITS AGREEMENT WITH SUMITOMO
PHARMA, POXEL IS HAVING ACTIVE DISCUSSIONS WITH VARIOUS
POTENTIAL PARTNERS FOR IMEGLIMIN, IN SEVERAL COUNTRIES

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

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