(AOF) – Acticor Biotech announces the launch of a capital increase of approximately 3 million euros via the issue of new ordinary shares aimed at institutional and individual investors. The company which is developing glenzocimab, an innovative drug for the treatment of cardiovascular emergencies, specifies that the objective is to register this product in the emergency treatment of stroke. This involves financing the continuation of the Actisave study until the results expected in the second quarter of 2024.
According to Acticor, the funds raised will allow it to strengthen its financial structure and finance its operations until June 2024, while its level of cash and net cash equivalents stood at 7.95 as of June 30, 2023. millions of euros.
The Company’s financing requirement to meet its obligations over the next 12 months is estimated by the Company at approximately 7.5 million euros: Acticor therefore announces that it will have to “seek other sources of debt financing or in equity” or “carry out partnership or M&A transactions” from the first quarter of 2024, in order to supplement its working capital needs and finance its operating expenses beyond the second quarter of 2024.
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