Log in
Forgot password ?
Become a member for free
Sign up
Sign up
New member
Sign up for FREE
New customer
Discover our services
Dynamic quotes 

MarketScreener Homepage  >  Equities  >  Euronext Bruxelles  >  ASIT biotech SA    ASIT   BE0974289218


News SummaryMost relevantAll newsPress ReleasesOfficial PublicationsSector news
The feature you requested does not exist. However, we suggest the following feature:

ASIT biotech : Obtains the Benefit of the Judicial Reorganization by Collective Agreement

share with twitter share with LinkedIn share with facebook
share via e-mail
02/12/2020 | 01:01am EDT

Regulatory News:

ASIT biotech (BSE:ASIT) (Paris:ASIT) (ASIT - BE0974289218), a clinical stage biopharmaceutical company focused on the research and development of breakthrough immunotherapy, obtains the benefit of the judicial reorganization by collective agreement in execution of the judgment delivered on February 11, 2020 by the Commercial Court of Liège1 in application of the law of August 11, 2017 inserting Book XX "Insolvency of Enterprises" in the Code of economic law (hereinafter the "Law"), as well as a suspension of payment expiring on 11th June 2020.

According to the Law, ASIT biotech will establish a plan of judicial reorganization explaining its proposal regarding the conditions under which the Company’s creditors will be repaid. This plan will be deposit in the central solvency register at least 20 days prior to the 26th May 2020 audience where it will be submitted to the approval of the Company’s creditors.

This judicial reorganization’s procedure is an important step allowing the management of ASIT biotech to explore strategic options to preserve the interests of the creditors and shareholders to the maximum extent possible.


About ASIT biotech

ASIT biotech is a Belgian clinical stage biopharmaceutical company focused on the development and future commercialization of a range of breakthrough immunotherapy products for the treatment of allergies. Thanks to its innovative ASIT+™ technology platform, ASIT biotech is currently the only developer of allergy immunotherapy (AIT) product candidates consisting of a unique mixture of highly purified natural allergen fragments in an optimal size selection. This innovation results in a short treatment, expected to improve patient compliance and real-life effectiveness. ASIT biotech’s product pipeline contains three novel ASIT+™ product candidates targeting respiratory allergies with the highest prevalence (i.e. grass pollen: gp-ASIT+™ - in ongoing phase III - and house dust mite: hdm-ASIT+™), and food allergies (peanut allergy: pnt-ASIT+™) that could significantly expand the current immunotherapy market. The Company believes that its innovative ASIT+™ platform is flexible and would be applicable across a range of allergies.

Further information can be found at www.asitbiotech.com.

Follow us on LinkedIn

Legal notice

This announcement is for information purposes only and does not constitute an offer to sell or a solicitation of an offer to buy or subscribe for the Company’s shares in any jurisdiction. This announcement does not constitute a prospectus. Any purchase of, subscription for or application for, Shares to be issued in connection with the intended offering should only be made on the basis of information contained in the prospectus and any supplements thereto, as the case may be.

Forward-looking statements

This release may contain forward-looking statements. Such forward-looking statements are not guaranteeing future results. These forward-looking statements speak only as of the date of publication of this document. The Company expressly disclaims any obligation to update any forward-looking statements in this document, unless specifically required by law or regulation.

1 Judgment delivered on February 11, 2020 is available on the company website

© Business Wire 2020
share with twitter share with LinkedIn share with facebook
share via e-mail
Latest news on ASIT BIOTECH SA
02/12ASIT BIOTECH : Obtains the Benefit of the Judicial Reorganization by Collective ..
01/20ASIT BIOTECH : Reintroduces an Application for Judicial Reorganization and Modif..
2019ASIT BIOTECH : Discloses Next Steps Following gp-ASIT+TM Phase III Results
2019ASIT BIOTECH SA : Threshold crossings
2019ASIT BIOTECH SA : Nomination
2019ASIT BIOTECH : mode of action study of gp-ASIT+™ for grass pollen allergy ..
2019ASIT biotech Mode of Action Study of gp-ASIT+™ for Grass Pollen Allergy..
2019ASIT biotech Receives GMP Certification for its Manufacturing Site in Liège, ..
2019ASIT BIOTECH SA : Threshold crossings
2019ASIT biotech Firmly on Course for Readout of Phase III Clinical Study in Gras..
More news
Sales 2019 1,08 M 1,20 M 1,20 M
Net income 2019 -15,7 M -17,4 M -17,4 M
Net Debt 2019 1,58 M 1,75 M 1,75 M
P/E ratio 2019 -0,41x
Yield 2019 -
Capitalization 5,12 M 5,70 M 5,69 M
EV / Sales 2018 41,2x
EV / Sales 2019 7,77x
Nbr of Employees 23
Free-Float 68,0%
Duration : Period :
ASIT biotech SA Technical Analysis Chart | MarketScreener
Full-screen chart
Technical analysis trends ASIT BIOTECH SA
Short TermMid-TermLong Term
Income Statement Evolution
Mean consensus -
Number of Analysts 2
Average target price
Last Close Price 0,23 
Spread / Highest target -
Spread / Average Target -
Spread / Lowest Target -
EPS Revisions
Michel Baijot Chief Executive Officer, MD & Director
Yves Jean Marie Désiront Chairman
Vincent Bille Head-Operations
Frank Hazevoets Chief Financial Officer & Director
Gilles Della Corte Chief Medical Officer
Sector and Competitors
1st jan.Capitalization (M$)
BIOMÉRIEUX62.70%16 979
DIASORIN S.P.A.63.34%11 482
10X GENOMICS, INC.2.26%7 669