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pharnext: 0.0007
FR0011191287
52: 0.0005 - 0.47

BRIEF-Pharnext: Financing Agreement With Néovacs For EUR 20.7 Mln Net To Further Develop PXT3003

Oct 3 (Reuters) - Pharnext SA :
* PHARNEXT EXECUTES A FINANCING AGREEMENT WITH NÉOVACS FOR
EUR
20.7 MILLION NET TO FURTHER DEVELOP PXT3003 FOR
CHARCOT-MARIE-TOOTH DISEASE TYPE 1A
* CUMULATIVE FINANCING RESULTING FROM THESE AGREEMENTS
BRINGS A
TOTAL POTENTIALLY AVAILABLE NET AMOUNT OF APPROXIMATELY EUR 46.7
MILLION
* SUBJECT TO EACH PARTY'S SATISFYING ITS OBLIGATIONS,
CONSIDERS IT
WOULD BE ABLE TO FINANCE ITS OPERATIONS, PREMIER TRIAL UNTIL Q1
2024