Crossject SA

Crossject SA is a France-based company that designs and develops medical injection systems. The Company specializes in needle-free, pre-filled, single-use injection systems for intradermal, subcutaneous and intramuscular applications for pharmaceutical companies. Is also has a pipeline and three drugs in the preclinical or clinical phase of research. The Company's products, which are based on well-known injectable drugs (chemicals and biologics), are designed to enhance patients' safety, compliance and comfort. Crossject's first ZENEO SUPERGENERIC product is expected to reach the market in the year 2015. The Company has industrial partnerships with Hirtenberger and Recipharm.
  • TickerA1XEH4
  • ISINFR0011716265
  • ExchangeEuronext Paris
  • SectorHealth Care Equipment & Services
  • CountryFrance

Analysts

Thibaut Voglimacci-Stephanopoli

INVEST SECURITIES - CROOSSJECT : Trésorerie renforcée, une année 2020 capitale - NEUTRE, OC 2,6€ vs 2,9€

Extra-financing to increase visibility

Extra-financing to increase visibility FINANCING ISSUE FACT Crossject announced it has issued zero-coupon convertible bonds (€5.7m) at 92% of their nominal value, maturing on 31 December 2021, convertible at the lowest price between €2.30 and an average market price less 10%. Gemmes Venture (Crossject’s main shareholder) has invested €2.1m in this issue, in line with its shareholding. ANALYSIS If the timing came a bit as a surprise, although forecasting it is impossible, the move is not. After the €2.6m structured financing agreed upon last month (see our Latest dated 19 November), this...

Thibaut Voglimacci-Stephanopoli

INVEST SECURITIES - CROOSSJECT : Trésorerie renforcée, une année 2020 capitale - NEUTRE, OC 2,6€ vs 2,9€

Extra-financing to increase visibility

Extra-financing to increase visibility FINANCING ISSUE FACT Crossject announced it has issued zero-coupon convertible bonds (€5.7m) at 92% of their nominal value, maturing on 31 December 2021, convertible at the lowest price between €2.30 and an average market price less 10%. Gemmes Venture (Crossject’s main shareholder) has invested €2.1m in this issue, in line with its shareholding. ANALYSIS If the timing came a bit as a surprise, although forecasting it is impossible, the move is not. After the €2.6m structured financing agreed upon last month (see our Latest dated 19 November), this...

A €2.6m non-dilutive issue

A €2.6m non-dilutive issue FINANCING ISSUE FACT Crossject has announced it has obtained a €2.6m non-dilutive financing from IdVector Science and Technology, a European investor specialising in long-term non-dilutive financing of technology. ANALYSIS The financing takes the form of Notes, and includes a repayment based on a percentage of Crossject’s turnover up to (at the latest) 2028, with a floor payment of €285k for each of the first two years. Industrial property assets guarantee the loan (in a trust granting an exclusive licence to the group) which, according to Crossject’s manageme...

Cooperation agreement with the US Department of Defense

Cooperation agreement with the US Department of Defense LATEST FACT Crossject announced yesterday it had signed a Cooperative Research and Development Agreement (CRADA) with the US Department of Defense. ANALYSIS This cooperation agreement consists, in our understanding, in developing Zeneo Midazolam (and potentially other speciality products) to be used in the case of chemical/bacteriological attacks on the battlefield or elsewhere. This is, of course, very positive news for Crossject, which indicated an audit had been carried out in July in Dijon. Not only could the agreement give Cros...

H1 19: no surprise

H1 19: no surprise EARNINGS/SALES RELEASES FACT Crossject released its H1 19 results. Revenues reached €1,844k (vs €2,840k), operating result €-5,873k (vs €-5,337k), and the net result €4,953k (vs €-4,744k). Net cash at the end of H1 19 was €1.5m (vs €0.8m) and €4.82m at the end of FY18. ANALYSIS As always, results as such are not very important since no product has reached the market yet, except for the cash-burn (excluding new financing) which has reached €4.3m, a “decent” number. Turnover reached €0.5m, a direct consequence of the agreement with German Desitin on the licensing, distri...

A director bought 10,000 shares at 6.030EUR and

A director at Crossject bought 10,000 shares at 6.030EUR and the significance rating of the trade was 56/100. Is that information sufficient for you to make an investment decision? This report gives details of those trades and adds context and analysis to them such that you can judge whether these trading decisions are ones worth following. Included in the report is a detailed share price chart which plots discretionary trades by all the company's directors over the last two years clearly showing Close periods where trading activity is restricted under listing rules. The names of boa...

Ford Equity International Rating and Forecast Report

Ford Equity International Research Reports cover 60 countries with over 30,000 stocks traded on international exchanges. A proprietary quantitative system compares each company to its peers on proven measures of business value, growth characteristics, and investor behavior. Ford's three recommendation ratings buy, hold and sell, represent each stock’s return potential relative to its own country market.. The rating reports which are generated each week, include the fundamental details behind each recommendation and reflect the fundamental and price data as of the last trading day of the week...

Pauline Delecourt

Crossject - Assemblée Générale des actionnaires du 30 décembre 2019

Résolution 1 : la société propose une imputation du report à nouveau débiteur sur le poste « Primes d’émission, de fusion, d’apport ». S’agissant uniquement d’une écriture comptable, qui ne change pas le montant total du passif, cela ne semblerait pas impacter les actionnaires. Par conséquent, Proxinvest recommande l'approbation. Résolution 2 : sachant que la société n’a pas distribué de dividende depuis 2015, Proxinvest juge la demande incohérente au regard de cette privation de dividende et recommande l'opposition. Résolution 4 : suite à la 2ème résolution de la présente assemblée générale...

Charles Pinel

Crossject 20 juin 2019

Le conseil n'étant pas majoritairement composé de membres libres de conflits d'intérêts potentiels, seul la candidature du membre considéré indépendant sera accepté sur les deux propositions de nomination au conseil (résolutions 5 et6). En raison de montants demandés considérés comme excessifs et de l'absence de suspension en periode d'offre publique, les différentes résolutions portant sur des augmentations de capital ne seront pas soutenues (résolutions 11 à 15). Par ailleurs, il est regrettable que le rapport spécial des commissaires aux comptes sur les conventions et engagements réglemen...

Proxy Report - 17/05/2018

Nous regrettons le choix de la société de mettre en place les droits de vote double sous conditions de détention au nominatif depuis au moins de xu ans, qui constituent une rupture du principe de démocratie actionnariale et qui impose des coûts de passage au nominatif réellement importants pour de nombreux gérants d'actifs. Nous recommandons l'opposition à la résolition 11. Notons que la société a publié dans les délais légaux son rapport des commissaires aux comptes sur les comptes sociaux, ce qui est positif. Nous pourrons ainsi recommander l'approbation à la première résolution.

Jehanne Leroy

Etude de l'AG du 17/05/2017

Amélioration significative par rapport à l'an dernier : le rapport de gestion a, cette année, été publié dans les délais légaux spécifiques au marché Alternext (15 jours avant l'AG). Cependant, la société ne communique toujours pas dans les délais légaux les rapports des commissaires aux comptes sur les comptes ou sur les convention réglementées.​

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