Regulatory News:
ACTICOR BIOTECH (FR0014005OJ5 - ALACT), a clinical stage
biopharmaceutical company developing glenzocimab, an innovative
drug for the treatment of cardiovascular emergencies, today
announces the appointment of François Guillet as Chief Financial
Officer, replacing Éric Cohen who is leaving to pursue other
projects.
Gilles AVENARD, Chief Executive Officer and founder of
Acticor Biotech, comments: “We are delighted to welcome
François Guillet to our management team. With his wealth of
experience in restructuring and international management, he will
be an invaluable asset in guiding Acticor Biotech through this new
strategic phase. I am convinced that he will bring the rigour and
vision needed to ensure the continuity of our clinical and
financial projects, particularly in the current context of Acticor
Biotech's receivership. Of course, I would also like to thank Eric
Cohen for all his achievements as Acticor's Chief Financial Officer
since 2016 and in particular his support during Acticor Biotech's
stock market listing in 2021.”
“I'm very excited to be joining Acticor Biotech at such a
crucial time in its development. I'm convinced that, despite the
current challenges facing the company, it has everything it needs
to succeed and develop its clinical strategy. My objective will be
to structure and strengthen the financial strategy to ensure smooth
continuity and support Acticor's mission to develop innovative
treatments for cardiovascular emergencies”, concludes François
Guillet, Chief Financial Officer of Acticor Biotech.
With over 30 years' experience in financial management, François
Guillet will bring to Acticor Biotech his expertise in financial
structuring and optimization. His role will be to strengthen the
management of the company's finances, while ensuring long-term
visibility of Acticor Biotech's global strategy. François Guillet
has held positions of great responsibility in companies in a wide
variety of sectors, including the high-tech sector, from software
publishing at Bea, Oracle and Adobe to the internet, electronics
and e-commerce at Monnier Frères. He has contributed to
restructuring and turnaround projects in mid-sized companies, with
scope extended to Human Resources, Purchasing and Sales
Administration. His previous assignments have included managing
accounting closures, due diligence and managing multicultural teams
internationally, reinforcing his versatility as a financial
leader.
Availability of documents relating to the Annual General
Meeting and Extraordinary General Meeting of October 25, 2024, at
9:00 am (CEST)
As a reminder, the Company's Annual General Meeting will be held
on Friday October 25, 2024, at 9 a.m. at Acticor Biotech's head
office in the Wojo Building, 82 avenue du Maine, 75014 Paris. At
this meeting, shareholders will be asked to vote on the approval of
the Company's financial statements and the renewal of directors'
terms of office.
The preparatory documents relating to this General Meeting are
available on the Company's website in the Investors section:
HERE.
Update on receivership proceedings and cash flow
horizon
As a reminder, the Paris Commercial Court opened receivership
proceedings on August 6, 2024. The purpose of these proceedings is
to enable the Company to assess all options for pursuing the
development of its product, glenzocimab, and its search for
financing and partners. This procedure also enables the Company, as
announced on August 6, 2024, to finance its operations until
January 2025.
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/20241013244024/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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