Contacts

Details of the financing agreement signed by MedinCell and the European Investment Bank (EIB)

November 23, 2022

MedinCell and EIB today announced the execution of the new credit facility of 40 million euros following the previous communication of Sept. 5th 

Under the agreement, MedinCell will repay immediately to EIB a previous 20 million euros loan and associated capitalized interest 

Extension of cash visibility (excluding potential additional revenue from partners): 

• 30 million euros of the credit facility drawable in Q4 2022 
Disbursement of remaining 10 million euros that is conditioned to approval by U.S. FDA of the first product based on MedinCell technology expected in H1 2023, will extend cash visibility until at least Q1 2024 

Each tranche of the new credit facility will be reimbursed 5 years after drawdown 

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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