Period highlights
In the United States, our partner Teva Pharmaceuticals initiated a Phase III clinical study for an investigational long-acting treatment for schizophrenia. This is the final stage of clinical development before applying for marketing approval. This product formulation (mdc-IRM) is based on our proprietary technology.
Other products in development
•Initiation of non-clinical development activities of a second product in the Central
Nervous System (CNS) in partnership with Teva
• Launch of the first clinical trial (Phase II) in the United States of a product that aims to treat orthopaedic postoperative pain, in partnership with AIC
Enhanced financial visibility
• Cash of €11.4 million in available funds and €4.6 million in non-risky financial assets
• EIB loan: €7.5 million received (a further €12.5 million still available)
• Initial Public Offering: €31.4 million (post-closing event)
• Increase in R&D spending: +23% (compared with the first half of 2017)