Contacts

MedinCell receives 7,5 M€ from the European Bank of Investment (EIB)

July 23, 2019

• Payment of the second tranche of 7.5 M€ in line with expectations
• Strengthened financial visibility of the Company
• 5 M€ drawable under conditions from the EIB loan


The EIB lent MedinCell with 20 M€ in three tranches. The first was paid in March 2018. The conditions for the second one of 7.5 M€ were met. The third tranche of 5.0 M€ is still available under conditions.

Strengthened financial visibility
As a reminder, MedinCell had as of March 31, 2019:
• 21.3 M€ in cash and cash equivalents + 0.7 M€ in short-term investments
• 3.9 M€ in non-current financial assets
To which are added:
• 7,5 M€ from the second tranche received today
• 5 M€ drawable under conditions from the EIB loan
• revenues from existing partnerships and the Research Tax Credit
These amounts are to be put into perspective with the cash consumption related to the activity which as a reminder was 15.9 M€ for the 2018/2019 financial year.

Session en français

Rendez-vous le mardi 12 septembre à 18h00 pour la diffusion en direct de l'Assemblée Générale mixte

English session

On Tuesday September 12 at 6:00 p.m. live of the Combined General Meeting (in French)

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