Gensight Biologics : Refinancing necessary in the very short term
>Financial visibility out to end-April 2024 - Gensight yesterday released its net cash position at 31 March 2024. It stood at € 2.2m at end-March 2024 (vs € 2.1m at end-December 2023). Including the recent capital increase of € 5m (February) and a plan to reduce spending, the group is financed until the end of April 2024.As a first step, the company aims to secure the financing of its activities until Q3 2024 when the Early Access Programme (EAP) in France (AAC) ...GenSight Biologics is a clinical-stage biotechnology company based in France. Co. is engaged in discovering and developing novel therapies for mitochondrial and neurodegenerative diseases of the eye and central nervous system by combining a gene therapy-based approach with its core technology platforms of mitochondrial targeting sequence, or MTS, and optogenetics. Co.'s initial focus has been on developing therapies for severe retinal diseases, with the goal of preserving or restoring vision in patients suffering from sight-threatening ophthalmic diseases. Co.'s product pipeline comprises two candidates for the treatment of sight-threatening retinal degenerative diseases, GSO1O and GSO3O.
Oddo Securities provides securities brokerage and research services. The company offers equity, economic, and derivatives research and credit analysis services. It focuses on insurance, automotive, building materials, pharmaceuticals, telecommunications, information technology, and agri-food industries.
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