Nicox first quarter 2017 business update and cash position
Press Release | |
Nicox first quarter 2017 business update and cash position
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April 27, 2017
Sophia Antipolis, France Nicox S.A. (Euronext Paris: FR0013018124, COX), the international ophthalmic R&D company, today provided an update on its activities and cash position as of March 31, 2017. "With the PDUFA dates now set for both Vyzulta TM and ZERVIATE, we are focussing our resources on the partnering activities for ZERVIATE in the United States and on preparing for the initiation of the Phase 2 studies evaluating our promising pipeline candidates NCX 4251 in the fourth quarter of 2017 and NCX 470 in the first quarter of 2018," said Michele Garufi, Chairman and Chief Executive Officer of Nicox. "Subject to approval by the FDA, we expect to have two revenue-generating assets and have two candidates in the clinic within the next 12 months, which would put us in a strong position as a major R&D player with an extensive clinical and preclinical pipeline in the ophthalmic space." First-quarter 2017 financial highlights The Group had cash, cash equivalents and financial instruments of €25.0 million 3 as of March 31, 2017, compared to €28.9 million as of December 31, 2016. The Group recorded no revenues for the first quarter 2017. First-quarter 2017 and recent operational highlights
Notes:
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About Nicox | |
Nicox is an international ophthalmic R&D company utilizing innovative science to maintain vision and improve ocular health. By leveraging its proprietary expertise in nitric oxide donation and other technologies, the Company is developing an extensive portfolio of novel therapies that target multiple ophthalmic conditions, including glaucoma. Nicox currently has two products at the pre-approval stage with the U.S. Food and Drug Administration (FDA) and a promising pipeline including next-generation stand-alone nitric-oxide donors, with the potential to treat a range of ophthalmic indications. Nicox is headquartered in Sophia Antipolis, France, is listed on Euronext Paris (Compartment B: Mid Caps; Ticker symbol: COX) and is part of the CAC Healthcare, CAC Pharma & Bio and Next 150 indexes.
For more information on Nicox, its products or pipeline, please visit: www.nicox.com . | |
Analyst coverage | |
Bryan, Garnier & Co Michael Chane-Du Paris, France
Invest Securities Martial Descoutures Paris, France Gilbert Dupont Damien Choplain Paris, France Stifel Christian Glennie London, UK | |
Upcoming financial and business conferences | |
May 3-4 Deutsche Bank 42 nd Annual Health Care Conference Boston, US May 22-23 BioEquity Europe Paris, France May 30 Gilbert Dupont 15 th Annual Healthcare Conference Paris, France June 19-22 2017 BIO International Convention San Diego, US September 25-27 Cantor Fitzgerald's 3 rd Annual Healthcare Conference New York; US | |
Contacts | |
Nicox
Gavin Spencer, Executive Vice President Corporate Development T +33 (0)4 97 24 53 00 communications@nicox.com | |
Investor Relations
Europe NewCap Julien Perez, Valentine Brouchot T +33 (0)1 44 71 94 94 nicox@newcap.eu |
Media Relations
United Kingdom Jonathan Birt T +44 7860 361 746 jonathan.birt@ymail.com |
United States
Argot Partners Melissa Forst T +1 (212) 600-1902 melissa@argotpartners.com |
France
NewCap Nicolas Merigeau T +33 (0)1 44 71 94 98 nicox@newcap.eu |
United States
Argot Partners Eliza Schleifstein T +1 (917) 763-8106 eliza@argotpartners.com | |
Disclaimer | |
The information contained in this document may be modified without prior notice. This information includes forward-looking statements. Such forward-looking statements are not guarantees of future performance. These statements are based on current expectations or beliefs of the management of Nicox S.A. and are subject to a number of factors and uncertainties that could cause actual results to differ materially from those described in the forward-looking statements. Nicox S.A. and its affiliates, directors, officers, employees, advisers or agents, do not undertake, nor do they have any obligation, to provide updates or to revise any forward-looking statements. | |
Nicox S.A.
Drakkar 2 Bât D, 2405 route des Dolines CS 10313, Sophia Antipolis 06560 Valbonne, France T +33 (0)4 97 24 53 00 F +33 (0)4 97 24 53 99 |
This announcement is distributed by NASDAQ OMX Corporate Solutions on behalf of NASDAQ OMX Corporate Solutions clients.
The issuer of this announcement warrants that they are solely responsible for the content, accuracy and originality of the information contained therein.
Source: NICOX via GlobeNewswire
The issuer of this announcement warrants that they are solely responsible for the content, accuracy and originality of the information contained therein.
Source: NICOX via GlobeNewswire
HUG#2099230
By: Nasdaq / GlobeNewswire
- 27 Apr 2017
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