NEOVACS REQUESTS A REORGANIZATION PROCEEDINGS OF THE COMPANY

Written by Customer Service on . Posted in Public Companies.


NEOVACS REQUESTS A REORGANIZATION PROCEEDINGS OF THE COMPANYParis et Boston, November 13, 2019 – 06:00pm CET – NEOVACS (Euronext Paris: ALNEV) announces having filed today a declaration for suspension of payments and a request for the reorganization proceedings (“Redressement Judiciaire”) of the company before the Commercial Court of Paris. The employees’ representative bodies have been informed beforehand.This decision comes after acknowledging that the current amount of liabilities is higher than the realizable and available short-term assets.The purpose of this procedure consists to evaluate various potential interests and all other options enabling to maintain Neovacs’ assets in a secure frame.The company will continue its current activities during the observation period. Neovacs will pursue its interaction with the French National Agency for the Safety of Medicines and Health Products (ANSM), for the adoption of LLDAS1 as a primary endpoint in a phase III clinical trial to treat Lupus and also its preclinical studies with IL-4/Il-13 kinoid for the treatment of allergies the results of which will be submitted by the end of this year to a peer-reviewed scientific journal.The company will inform the stock market of the decision of the Commercial Court.In this context the Neovacs’ share quotations (ISIN: FR0004032746) and the subscription warrants “Neovacs 2017” (ISIN: FR0013275971) remain suspended.About Neovacs
Listed on Euronext Growth since 2010, Neovacs has become a major player in therapeutic vaccines targeting the treatment of autoimmune and inflammatory diseases and certain cancers. Thanks to its innovative technology inducing a polyclonal immune response, possibly protected until 2032 by four patent families, Neovacs is focusing its clinical development efforts on IFNα KINOID for the treatment of lupus. Neovacs also carries out preclinical work on other therapeutic vaccines for the treatment of allergies. The aim of this “KINOID approach” is to enable patients to better cope with a life-long treatment that would be more effective.
For more information: www.neovacs.fr
ContactsNEOVACS — Corporate Communication & Investor Relations
Charlène Masson
actionnaires@neovacs.com
+33 (0)1.53.10.93.001 Lupus Low Disease Activity State
AttachmentPR neovacs 131119 vdef

Disclaimer & Cookie Notice

Welcome to GOLDEA services for Professionals

Before you continue, please confirm the following:

Professional advisers only

I am a professional adviser and would like to visit the GOLDEA CAPITAL for Professionals website.

Cookie Notice

We use cookies to improve your experience on our website

Information we collect about your use of Goldea Capital website

Goldea Capital website collects personal data about visitors to its website.

When someone visits our websites, we use a third party service, Google Analytics, to collect standard internet log information (such as IP address and type of browser they’re using) and details of visitor behavior patterns. We do this to allow us to keep track of the number of visitors to the various parts of the sites and understand how our website is used. We do not make any attempt to find out the identities or nature of those visiting our websites. We won’t share your information with any other organizations for marketing, market research or commercial purposes and we don’t pass on your details to other websites.

Use of cookies
Cookies are small text files that are placed on your computer or other device by websites that you visit. They are widely used to make websites work, or work more efficiently, as well as to provide information to the owners of the site.