Pixium Vision — Pixium to raise up to €10m to advance Prima

Pixium Vision (PAR: PIX)

Last close As at 24/06/2024

EUR0.15

−0.04 (−21.05%)

Market capitalisation

EUR1m

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Research: Healthcare

Pixium Vision — Pixium to raise up to €10m to advance Prima

Pixium Vision announced on 6 November a financing agreement with a US-based investor, European Select Growth Opportunities Fund (ESGO) for the issue of up to €10m in 12-month bonds repayable in cash and/or new shares, over a period of up to 30 months. The first bond tranche (€1.25m) was issued on 6 November and Pixium expects this, along with cash on hand (€7.0m at Q319), to fund the firm’s operations through H120. We anticipate that a full €10m bond exercise could fund Pixium’s operations into 2021, well after the expected start of a pivotal Prima trial.

Written by

Pooya Hemami

Analyst - Healthcare

Healthcare

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Research: Healthcare

Pixium Vision — Pixium to raise up to €10m to advance Prima

Pixium Vision announced on 6 November a financing agreement with a US-based investor, European Select Growth Opportunities Fund (ESGO) for the issue of up to €10m in 12-month bonds repayable in cash and/or new shares, over a period of up to 30 months. The first bond tranche (€1.25m) was issued on 6 November and Pixium expects this, along with cash on hand (€7.0m at Q319), to fund the firm’s operations through H120. We anticipate that a full €10m bond exercise could fund Pixium’s operations into 2021, well after the expected start of a pivotal Prima trial.

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