15.07.2013 18:18:00
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Half Year Report on Adocia’s Liquidity Agreement With BIL Finance
Regulatory News :
Under the liquidity agreement entrusted by ADOCIA (Paris:ADOC) to BIL Finance (formerly named Dexia Securities France), the following assets appeared on the liquidity account as at June 30, 2013:
- 27,311 shares of Adocia and
- 348,835.66 euros in cash.
For information, the following assets appeared on the liquidity account at the latest report dated on December 31, 2012:
- 62,848 shares of Adocia and
- 301,737.39 euros in cash.
As a reminder, the liquidity agreement was concluded on March 14, 2012 with an initial contribution amounting to 500,000 euros. It was suspended on April 23rd, 2013 for a period of 2 month and was reactivated on June 25th, 2013.
About Adocia :
"Innovative medicine for everyone, everywhere”
Adocia
is a biotech company specialized in the development of best-in-class
drugs from the innovative formulation of certain already-approved
therapeutic proteins.
Adocia is specialized in insulin therapy and
the treatment of the diabetic foot, one of the main complications of
diabetes. Worldwide, more than 366 million individuals are currently
suffering from diabetes (with a forecast of 552 million individuals by
2030, i.e. a 51% increase, reaching 70% in emerging countries). 15% of
these patients will develop a foot ulcer during their lifetime. The
markets targeted by Adocia represent more than USD20 billion (USD17
billion for insulin therapy and USD3 billion for diabetic foot ulcer
healing).
Through its BioChaperone® state-of-the-art technological
platform, Adocia intends to enhance the effectiveness and safety of
therapeutic proteins and their ease of use for patients, with the aim of
making these medicines accessible to the broadest public.
Adocia
successfully completed two phases I and II studies on the formulation of
a fast-acting human insulin and obtained promising phase I/II results on
a diabetic foot ulcer-healing product. Adocia also confirmed the value
of its technology for the formulation of a fast-acting insulin analog by
signing an exclusive worldwide license agreement with a major
pharmaceutical company. Furthermore, Adocia is developing a unique
combination of fast-acting insulin and slow-acting insulin, for an
optimal insulin therapy with one single product.
To be a global leader for the formulation of therapeutic proteins
Based
on its experience and recognized know-how, Adocia has extended its
activities to the formulation of monoclonal antibodies, which are gold
standard molecules for the treatment of numerous chronic pathologies
(oncology, inflammation, etc.). In this field, Adocia is engaged in
collaborative programs with two major pharmaceutical companies.
Adocia’s
therapeutic innovations aim at bringing solutions to a profoundly
changing global pharmaceutical and economic context, characterized in
particular by the increased prevalence and impact of the targeted
pathologies, population growth and ageing, the need to control public
health expenditures and increasing demand from emerging countries.
Adocia
is listed on the regulated market of NYSE Euronext in Paris (ISIN:
FR0011184241, mnemo / Reuters / Bloomberg: ADOC, ADOC.PA, ADOC.FP) and
its share included in the Next Biotech index Next Biotech.
For more
information: www.adocia.com
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