Log in
E-mail
Password
Show 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
  1. Homepage
  2. Equities
  3. Belgium
  4. Euronext Bruxelles
  5. ASIT biotech SA
  6. News
  7. Summary
    ASIT   BE0974289218

ASIT BIOTECH SA

(ASIT)
Real-time Quote. Real-time Euronext Bruxelles - 01/24 10:05:46 am
0.244 EUR   +1.67%
2021ASIT BIOTECH SA : Half-year report
CO
2021GLOBAL MARKETS LIVE : Microsoft, Apple, The Boeing Company, AT&T, Activision Blizzard...
2021ASIT BIOTECH : 2020 annual financial report
PU
SummaryQuotesChartsNewsCalendarCompanyFinancials 
SummaryMost relevantAll NewsOther languagesPress ReleasesOfficial PublicationsSector news

ASIT Biotech Continues its Transformation From Research to Late Stage Clinical Development

07/01/2019 | 01:01am EST
  • Company shareholders approve all motions at Extraordinary General Meeting
  • Firm expects to raise €9-12 M to finance focused development
  • Jean-Paul Prieels confirmed as new member of Board of Directors
  • Phase III on track and successful internalization of ASIT’s clinical production capability

BRUSSELS, Belgium, July 01, 2019 (GLOBE NEWSWIRE) -- ASIT biotech (ASIT - BE0974289218), a clinical stage biopharmaceutical company focused on the research, development and future commercialization of breakthrough immunotherapy products for the treatment of allergies, announces that shareholders have approved all motions at the 28th June Extraordinary General Meeting of shareholders.

Shareholders previously approved all the resolutions discussed at the Annual General Meeting on June 13, including approval of the annual report and remuneration report, as well as the nomination of Jean-Paul Prieels, a highly experienced pharmaceuticals and biotech executive, as a new member of the Board of Directors. At this Extraordinary General Meeting of Shareholders, trust in the management was confirmed with the approval of the issuance of convertible notes for an amount of €9 to €12 million through the launch of a private placement, as well as warrant plans. With the expected successful subscription of these notes, the Company should have sufficient financial resources to support its planned development until the third quarter of 2020.

ASIT biotech is continuing its transformation from research to late-stage clinical development, and confirms that the gp-ASIT+™ Phase III clinical study in grass pollen rhinitis prevention is on track, as the weekly data from the European Aeroallergen Network from the University of Vienna has indicated the start of pollen season in all 70 centers. Furthermore, the successful internalization of ASIT’s clinical batches production capability based on the ASIT+TM technology platform demonstrates the complete integration of the process of active pharmaceutical ingredients for allergen-derived peptide immunotherapies.

Michel Baijot, CEO of ASIT biotech, said, "We are pleased to have the support and confidence of all of our shareholders in order to prepare ASIT for the commercial launch of our breakthrough immunotherapy products. The appointment of Jean-Paul Prieels as an independent member of the Board of Directors is an important part of our process, reflecting our commitment to hiring global expertise in biotechnology platforms that will contribute to ASIT’s continuous success, and we are delighted to welcome him on board."

The explanatory documents are available upon request or can be consulted on the Company’s website www.asitbiotech.com, Investors section / General assembly.

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

Contacts

Company
Michel Baijot, CEO
ASIT biotech
Tel.: +32 2 264 03 90
investors@asitbiotech.com
Investor Relations
LifeSci Advisors LLC
Hans Herklots 
Tel.: +41 79 598 7149
hherklots@lifesciadvisors.com
  
 Media Relations
Sophie Baumont
Tel.: +33 627 74 74 49
sophie@lifesciadvisors.com

Primary Logo


© GlobeNewswire 2019
All news about ASIT BIOTECH SA
2021ASIT BIOTECH SA : Half-year report
CO
2021GLOBAL MARKETS LIVE : Microsoft, Apple, The Boeing Company, AT&T, Activision Blizzard...
2021ASIT BIOTECH : 2020 annual financial report
PU
2021EGG ALLERGY PIPELINE : Emerging Therapies and Key pharma players involved by DelveInsight ..
AQ
2020ASIT BIOTECH : presents its 2020 half year results and provides a business update until en..
PU
2020ASIT BIOTECH : 2020 interim financial report as of June 30, 2020
PU
2020ASIT BIOTECH : Presents Its 2020 Half Year Results and Provides a Business Update Until En..
BU
2020Asit Biotech S.A. Reports Earnings Results for the Half Year Ended June 30, 2020
CI
2020UBS eying new acquisition, Deutsche Bank’s suspicious transactions…
2020ASIT BIOTECH : Annexe 1bis - cash position (french only)
PU
More news
Financials
Sales 2020 0,36 M 0,41 M 0,41 M
Net income 2020 -1,36 M -1,54 M -1,54 M
Net Debt 2020 2,80 M 3,18 M 3,18 M
P/E ratio 2020 -3,57x
Yield 2020 -
Capitalization 5,34 M 6,04 M 6,05 M
EV / Sales 2019 7,90x
EV / Sales 2020 21,4x
Nbr of Employees -
Free-Float 71,5%
Chart ASIT BIOTECH SA
Duration : Period :
ASIT biotech SA Technical Analysis Chart | MarketScreener
Full-screen chart
Technical analysis trends ASIT BIOTECH SA
Short TermMid-TermLong Term
TrendsNeutralBearishNeutral
Income Statement Evolution
Managers and Directors
Frank Hazevoets Chief Financial Officer & Director
Yves Jean Marie Désiront Chairman
Béatrice de Vos Chief Medical Officer
Vincent Bille Head-Operations
François Meurgey Non-Executive Director
Sector and Competitors
1st jan.Capi. (M$)
ASIT BIOTECH SA7.14%6
BEIJING WANTAI BIOLOGICAL PHARMACY ENTERPRISE CO., LTD.8.45%22 461
BIOMÉRIEUX-18.57%13 650
10X GENOMICS, INC.-40.06%9 974
DIASORIN S.P.A.-14.69%8 865
NATERA, INC.-32.82%5 935