Edison Investment Research - Adocia SA (ADOC) Adocia - First arbitration won; partners sought

Report

Edison Investment Research

Juan Pedro Serrate

Adocia - First arbitration won; partners sought

The Arbitration Panel has found for Adocia in the first phase of the ongoing arbitration against Lilly; Adocia will be awarded $11.6m in damages. On the partnering front, Adocia has struck a deal with Tonghua Dongbao (THDB) that includes BioChaperone (BC) Combo and BC Lispro for China and additional undisclosed countries. The deal includes a $50m upfront payment, up to $85m in milestone payments and double-digit royalties on net sales. A Phase I clinical trial with BC Pramlintide Insulin is ongoing; Adocia plans to start Phase I trials with BC Glucagon GLP-1 and GLP-2 in H119. Finally, it presented six abstracts at the American Diabetes Association meeting. Gross cash at end-H118 was â‚¬55.8m.

05/09/2018 4 EN

Underlying

Adocia SA

ADOCIA is a biotechnology company based in France. Co. specializes in the development of formulations for already-approved therapeutic proteins with a primary focus on insulins and treatments for diabetic foot ulcers. Co.'s biotherapy products are used in tissue regeneration and for treating chronic diseases. Co.'s proprietary BioChaperone® technological platform is designed to enhance the effectiveness and safety of therapeutic proteins in areas such as wound Healing, diabetes, ulcers and monoclonal antibody creation. Co. also maintains activities in the formulation of monoclonal antibodies for the treatment of various chronic pathologies (oncology, inflammation, etc.).

See profile

FR0011184241 Euronext Paris France

Provider

Edison Investment Research

Edison is an investment research and advisory company, with offices in North America, Europe, the Middle East and AsiaPac. The heart of Edison is our world renowned equity research platform and deep multi-sector expertise. At Edison Investment Research, our research is widely read by international investors, advisors and stakeholders. Edison Advisors leverages our core research platform to provide differentiated services including investor relations and strategic consulting.

See profile

Analysts

Juan Pedro Serrate

Other Reports on these Companies

BusinessWire

ADOCIA : Information relative au nombre d'actions et de droits de vote en date du 31 mars 2024

LYON, France--(BUSINESS WIRE)-- Regulatory News: Conformément aux dispositions de l’article L.233-8 II du Code de Commerce et de l’article 223-16 du Règlement Général de l’Autorité des Marchés Financiers (« AMF »). ADOCIA SA (Paris:ADOC), 115, avenue Lacassagne, 69003 Lyon (Euronext Paris : FR0011184241 – ADOC – la « Société »), société biopharmaceutique au stade clinique spécialisée dans la recherche et le développement de solutions thérapeutiques innovantes pour le traitement du diabète et de l’obésité publie le nombre d’actions composant son capital social ainsi que le nombre de droits de...

April 12, 2024 April 12, 2024 1 FR

BusinessWire

ADOCIA annonce une levée de fonds de 2 millions d’euros auprès de ses deux actionnaires principaux et un membre de sa Direction, ainsi que la signature d’une ligne de financement en fonds propres avec Vester Finance

LYON, France--(BUSINESS WIRE)-- Regulatory News: Adocia (Euronext Paris : FR0011184241 – ADOC), société biopharmaceutique au stade clinique spécialisée dans la recherche et le développement de solutions thérapeutiques innovantes pour le traitement du diabète et de l’obésité, annonce ce jour l’obtention de deux financements, avec d’une part l’émission d’actions ordinaires au profit de membres de son management, incluant la famille fondatrice Soula, et de Vester Finance par voie d’augmentation de capital avec suppression du droit préférentiel de souscription des actionnaires (l’« Augmentation ...

March 21, 2024 March 21, 2024 1 FR

BusinessWire

ADOCIA : Information relative au nombre d'actions et de droits de vote en date du 29 février 2024

LYON, France--(BUSINESS WIRE)-- Regulatory News: Conformément aux dispositions de l’article L.233-8 II du Code de Commerce et de l’article 223-16 du Règlement Général de l’Autorité des Marchés Financiers (« AMF »). ADOCIA SA, 115, avenue Lacassagne, 69003 Lyon (Euronext Paris : FR0011184241 – ADOC – la « Société ») (Paris:ADOC), société biopharmaceutique spécialisée dans le traitement du diabète, de l’obésité et d’autres maladies métaboliques par des formulations innovantes de protéines approuvées, publie le nombre d’actions composant son capital social ainsi que le nombre de droits de vote ...

March 15, 2024 March 15, 2024 1 FR

discoverIE Group - FY24 EPS in line; good margin progress

discoverIE anticipates reporting FY24 underlying EPS in line with board expectations. After a period in mid-FY24 of working down inventory, customers appear to be reverting to normal ordering patterns, with Q424 organic revenue growth of 2% y-o-y and 11% q-o-q and a strong pipeline of design wins at year-end. We have revised our forecasts to reflect lower revenue, partly due to a disposal, but maintain our profit forecasts, which results in operating margin expansion in FY24 and FY25.

April 19, 2024 April 19, 2024 1 EN

Sean Conroy

Sean Conroy

Ultimovacs - Steadfast commitment to UV1 progression

Despite the recent setback with the INITIUM trial (first-line treatment of patients with unresectable or metastatic malignant melanoma), Ultimovacs has reinstated its commitment to press on with its clinical development of its cancer vaccine, UV1, across other target indications. The principal near-term focus will be on the anticipated results of Phase II FOCUS (head and neck cancer) and DOVACC (ovarian cancer) trials in Q324 and H125, respectively, and will inform its subsequent strategic direction. To remain funded to these milestones, the company has enforced stringent cost control measures...

April 18, 2024 April 18, 2024 1 EN

Sean Conroy

Sean Conroy

OSE Immunotherapeutics - AbbVie deal clears antitrust hurdle

OSE has announced that its licence agreement with AbbVie has cleared antitrust review and has become effective. As previously noted, this is expected to support OSE’s runway extension into 2026, past key milestones and readouts for in-house assets Tedopi (non-small cell lung cancer, US Phase III trials expected to commence in Q224) and Lusvertikimab (ulcerative colitis, Phase II readouts expected in mid-2024). Following the Federal Communications Commission (FCC) mandatory waiting period, OSE is expected to receive the negotiated US$48m upfront payment from AbbVie imminently, as part of its gl...

April 18, 2024 April 18, 2024 1 EN

Sign-up for free to access full reports immediately

Email Address*

Choose Password* ( 6 or more characters )

Due to regulatory restrictions regarding the distribution of financial research, this report is restricted to a specific region or investor type. Get access to exclusive reports by answering the questions below.

Select your country*

Get financial insights straight to your inbox

By clicking "register" you accept the Terms and Conditions & Privacy Policy

Already on ResearchPool?

Almost there...

Are you a professional investor?

Select your country

REGISTER

Create a free ResearchPool account to access full reports, get a personalised dashboard and follow providers or companies

In order to access this report please create an account.

LOGIN

Adocia - First arbitration won; partners sought

ADOCIA : Information relative au nombre d'actions et de droits de vote en date du 31 mars 2024

ADOCIA annonce une levée de fonds de 2 millions d’euros auprès de ses deux actionnaires principaux et un membre de sa Direction, ainsi que la signature d’une ligne de financement en fonds propres avec Vester Finance

ADOCIA : Information relative au nombre d'actions et de droits de vote en date du 29 février 2024

discoverIE Group - FY24 EPS in line; good margin progress

Ultimovacs - Steadfast commitment to UV1 progression

OSE Immunotherapeutics - AbbVie deal clears antitrust hurdle

Create a free ResearchPool account to access full reports, get a personalised dashboard and follow providers or companies

Sign-up for free to access full reports immediately

ResearchPool Subscriptions

Get the most out of your insights

Why subscribe?

How to subscribe

ResearchPool Subscriptions

This report is only available to subscribers

Why subscribe?

How to subscribe