Log in
E-mail
Password
Remember
Forgot password ?
Become a member for free
Sign up
Sign up
New member
Sign up for FREE
New customer
Discover our services
Settings
Settings
Dynamic quotes 
OFFON

MarketScreener Homepage  >  Equities  >  Euronext Alternext  >  Biophytis    ALBPS   FR0012816825

BIOPHYTIS

(ALBPS)
  Report
SummaryQuotesChartsNewsCalendarCompanyFinancialsConsensusRevisions 
News SummaryMost relevantAll newsPress ReleasesOfficial PublicationsSector news

Biophytis : completes a €10.4 M capital increase to finance mid-stage clinical trials for two novel anti-aging drug-candidates. Read the Press Release

share with twitter share with LinkedIn share with facebook
share via e-mail
10/11/2017 | 01:35am EST
Press Release Biophytis completes a €10.4 M capital increase to finance mid-stage clinical trials for two novel anti-aging drug-candidates Paris (France), October 11, 2017, 7:30am - BIOPHYTIS (Euronext Growth Paris: ALBPS), a biotechnology company specializing in the development of drug candidates to treat age-related diseases, announces entry into definitive agreements for a € 10.4 million capital raise via the issuance of new ordinary shares without shareholders' preferential subscription rights and reserved to institutional investors in Europe and the United States.

Stanislas Veillet, Chairman and Chief Executive Officer of Biophytis, said: "We are pleased to announce that we successfully receive commitment for capital raise, which provides Biophytis with the means to finance the clinical development programs of its two main drug candidates in age-related diseases. This raise will enable us to significantly strengthen our shareholder structure, notably thanks to the support of leading American and European investors, who have shown their confidence in the potential of our therapeutic approach."

Invest Corporate Finance acted as global coordinator for the operation. Invest Securities and H.C. Wainwright & Co. acted as exclusive placement agent for the offering in Europe and the United States, respectively.

The funds raised will provide Biophytis with additional resources to continue its clinical development in age- related diseases, such as Sarcopenia and Age-Related Macular Degeneration, and will especially be used to finance:

  • The launch of the 26-week, multi-center, international and interventional study SARA-INT in 334 sarcopenic patients for which the IND application for FDA approval has been filed in the United States; and

  • The MACA-PK multi-center, international clinical trial to evaluate the safety, pharmacokinetics and pharmacodynamics of Macuneos in patients with dry intermediate AMD

The capital raise by means of a private placement consists in the issuance of 1, 989,000 new ordinary shares at a price of €5.25 per share, representing a discount of 9% based on the weighted average price over the last 10 trading days before pricing. The total amount of the operation is 10,442,500 million euros, representing 20% of the share capital of the Company. The new ordinary shares will be the subject of a request for admission to trading on the Euronext Growth market to Euronext.

The Company's Board of Directors approved this capital increase at its meeting of October 10, 2017.

The capital will be increased via the issuance of new shares without shareholders' preferential subscription rights, pursuant to Article 225-136 of the French Commercial Code (by private placement of up to 20% of the share capital). Pursuant to Article 211-3 of the AMF's general regulations, this offer of financial securities did not result in a prospectus subject to AMF approval.

About BIOPHYTIS:

****

Biophytis SA (www.biophytis.com), founded in 2006, develops drug candidates targeting diseases of aging. Using its technology and know-how, Biophytis has begun clinical development of innovative therapeutics to restore the muscular and visual functions in diseases with significant unmet medical needs. Specifically, the company is advancing two lead products into mid-stage clinical testing this year: Sarconeos (BIO101) to treat sarcopenic obesity and Macuneos (BIO201) to treat dry age-related macular degeneration (AMD).

The business model of BIOPHYTIS is to ensure the conduct of the project until clinical activity in the patient is proven, then to license the technologies in order to continue the development in partnership with a pharmaceutical laboratory.

The company was founded in partnership with researchers at the UPMC (Pierre and Marie Curie University) and also collaborates with scientists at the Institute of Myology, and the Vision Institute.

BIOPHYTIS is listed on the Euronext Growth market of Euronext Paris (ALBPS; ISIN: FR0012816825). For more information: http://www.biophytis.com

Follow us on Twitter @biophytis BIOPHYTIS is eligible for the SMEs scheme

Disclaimer

This press release contains certain forward-looking statements. Although the Company believes its expectations are based on reasonable assumptions, these forward-looking statements are subject to numerous risks and uncertainties, which could cause actual results to differ materially from those anticipated. For a discussion of risks and uncertainties which could cause the Company's actual results, financial condition, performance or achievements to differ from those contained in the forward looking statements, please refer to the Risk Factors ("Facteurs de Risque") section of the Listing Prospectus upon the admission of Company's shares for trading on the regulated market Euronext Growth of Euronext Paris filed with the AMF, which is available on the AMF website (www.amf- france.org) or on BIOPHYTIS' website (www.biophytis.com).

This press release and the information contained herein do not constitute an offer to sell or a solicitation of an offer to buy or subscribe to shares in BIOPHYTIS in any country. Items in this press release may contain forward-looking statements involving risks and uncertainties. The Company's actual results could differ substantially from those anticipated in these statements owing to various risk factors which are described in the Company's prospectus. This press release has been prepared in both French and English. In the event of any differences between the two texts, the French language version shall prevail.

BIOPHYTIS

Stanislas VEILLET

CEO

contact@biophytis.com Tel: +33 (0) 1 41 83 66 00

Citigate Dewe Rogerson

Presse internationale & Investisseurs Laurence BAULT/Antoine DENRY Laurence.bault@citigate.frantoine.denry@citigate.fr

Tel: +33 (0)1 53 32 84 78

Mob: +33(0)6 64 12 53 61

LifeSci Advisors Chris MAGGOS

Managing Director, Europe chris@lifesciadvisors.com Tel: +41 79 367 6254

Biophytis SA published this content on 11 October 2017 and is solely responsible for the information contained herein.
Distributed by Public, unedited and unaltered, on 11 October 2017 05:34:02 UTC.

share with twitter share with LinkedIn share with facebook
share via e-mail
Latest news on BIOPHYTIS
02/14BIOPHYTIS : successfully completes a EUR 3.3 million capital increase to strengt..
AQ
02/14BIOPHYTIS : successfully completes a € 3.3 million capital increase to strengthe..
PU
02/11BIOPHYTIS : Protocol Amendment of SARA-INT, a Phase 2b Clinical Trial of Sarcone..
PU
01/13BIOPHYTIS : announces the issuance of a EUR3 million tranche of ORNANEBSA
AQ
01/10BIOPHYTIS : announces the issuance of a €3 million tranche of ORNANEBSA
PU
01/02BIOPHYTIS : has appointed Evelyne Nguyen as CFO and Strengthens Senior Managemen..
PU
2019BIOPHYTIS : Receives FDA Approval to Proceed with the MYODA Program for Clinical..
PU
2019BIOPHYTIS : Presents Preliminary Analysis of SARA-OBS study at the 12th Annual C..
PU
2019BIOPHYTIS : to participate in the 6 th China Healthcare Summit organized by BioC..
AQ
2019BIOPHYTIS : to participate in the 6th China Healthcare Summit organized by BioCe..
PU
More news
Financials (EUR)
Sales 2019 -
EBIT 2019 -
Net income 2019 -
Debt 2019 -
Yield 2019 -
P/E ratio 2019 -
P/E ratio 2020 -
Capi. / Sales2019 -
Capi. / Sales2020 -
Capitalization 9,31 M
Chart BIOPHYTIS
Duration : Period :
Biophytis Technical Analysis Chart | MarketScreener
Full-screen chart
Technical analysis trends BIOPHYTIS
Short TermMid-TermLong Term
TrendsNeutralNeutralBearish
Income Statement Evolution
Consensus
 
Mean consensus -
Number of Analysts
Average target price
Last Close Price 0,22  
Spread / Highest target -
Spread / Average Target -
Spread / Lowest Target -
EPS Revisions
Managers
NameTitle
Stanislas Veillet Chairman & Chief Executive Officer
Waly Dioh Chief Operating Officer
Evelyne Nguyen Chief Financial Officer
Pierre J. Dilda Chief Scientific Officer
Samuel Agus Chief Medical Officer
Sector and Competitors
1st jan.Capitalization (M$)
BIOPHYTIS10.30%9
GILEAD SCIENCES7.26%92 229
VERTEX PHARMACEUTICALS8.25%61 449
REGENERON PHARMACEUTICALS7.37%46 306
WUXI APPTEC CO., LTD.22.94%26 467
GENMAB A/S15.09%16 091