Acticor Biotech Announces that the Court Judgment Has Been Postponed Until January 2, 2025
December 19 2024 - 12:00PM
Business Wire
Regulatory News:
ACTICOR BIOTECH (FR0014005OJ5 - ALACT), a clinical stage
biopharmaceutical company developing glenzocimab, an innovative
drug for the treatment of cardiovascular emergencies, announced
today that the Paris Commercial Court has today examined the
application for conversion of its receivership into liquidation
proceedings.
Judgment has been postponed until January 2, 2025, when the
court will render its decision. A new press release will be issued
at that time. In the meantime, Acticor Biotech remains in
receivership proceedings.
In view of this judgment, there will be no resumption of trading
in Acticor Biotech shares.
About ACTICOR BIOTECH
ACTICOR BIOTECH, a clinical-stage biopharmaceutical company
founded in 2013 from the work of INSERM, is developing glenzocimab,
a humanized monoclonal antibody fragment (fab) targeting the GPVI
platelet receptor for the treatment of cardiovascular emergencies
and acute thrombotic diseases.
The main clinical indication being evaluated is acute ischemic
stroke, due to the strong need for safer treatments, particularly
those that do not increase the risk of bleeding, and its high
incidence. In three international clinical trials involving over
600 stroke patients, no significant impact on neurological
improvement (mRS score at 3 months) was demonstrated, with the
exception of a sub-population of patients with intracerebral
haemorrhage, where mortality was significantly reduced by a factor
of 3 (p=0.035) (Mazighi et al. 2024).
LIBERATE, a Phase 2 clinical trial in the acute phase of
myocardial infarction (STEMI), is currently being recruited through
an academic partnership with the University of Birmingham (UK).
This study aims to demonstrate the efficacy of glenzocimab in
reducing the size of myocardial infarction, a critical factor for
long-term cardiac function.
In all, more than 800 subjects were included in the clinical
trials, over 400 of whom were exposed to glenzocimab without safety
concerns.
The use of glenzocimab in thrombotic diseases is covered by 3
patent families, with an expiry date in 2036 for the first family.
ACTICOR BIOTECH also has the right to develop a biomarker for
stroke patients.
Acticor Biotech is backed by a panel of European and
international investors (Mediolanum farmaceutici, Karista, Go
Capital, Newton Biocapital, CMS Medical Venture Investment (HK)
Limited, A&B (HK) Limited, Anaxago, and the Armesa Foundation)
and has been listed on Euronext Growth Paris since November 2021
(ISIN: FR0014005OJ5 - ALACT).
For further information, visit: www.acticor-biotech.com
Disclaimer
This press release contains forward-looking statements with
respect to Acticor Biotech and its business. Acticor Biotech
believes that these forward-looking statements are based on
reasonable assumptions. However, no assurance can be given that the
expectations expressed in such forward-looking statements will
prove to have been correct, as they are subject to risks, including
those described in the Universal Registration Document as filed
with the Autorité des marchés financiers on July 9, 2024, and to
changes in economic conditions, financial markets and the markets
in which Acticor Biotech operates. The forward-looking statements
contained in this press release are also subject to risks that are
unknown to Acticor Biotech or that Acticor Biotech does not
currently consider material. The occurrence of some or all of these
risks could cause Acticor Biotech's actual results, financial
condition, performance or achievements to differ materially from
those expressed in the forward-looking statements.
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version on businesswire.com: https://www.businesswire.com/news/home/20241219912586/en/
ACTICOR BIOTECH Gilles AVENARD, MD CEO and Founder
gilles.avenard@acticor-biotech.com
Sophie BINAY, PhD General Manager and CSO
Sophie.binay@acticor-biotech.com
NewCap Mathilde BOHIN Investor Relations
acticor@newcap.eu T. : +33 (0)1 44 71 94 95
NewCap Arthur ROUILLÉ Media Relations acticor@newcap.eu
T. : +33 (0)1 44 71 00 15
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