Poxel: pause

Photo credit © Poxel

( — After an impressive bull run, poxels marks the blow this Thursday, down 4.3% to 2.3 euros. Although still on the ‘purchase’ on the record, Jefferies reduced its target from 4.5 to 3.5 euros. The group announced on Monday the signing of an agreement with IPF aimed at restructuring the existing debt and the setting up of an equity financing line with IRIS for a maximum amount of 6 million euros. Based on these two agreements, the biopharmaceutical company estimates that its resources will be sufficient to finance its operations and its capital expenditure needs until at least February 2023. As of June 30, 2022, cash and cash equivalents are amounted to 16.1 million euros.


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