Genticel business update – fourth quarter 2014
Posted: 28 January 2015 | Genticel
Genticel, a French biotechnology company and leading developer of therapeutic vaccines, announces its cash ans cash equivalents and liquid investments position and its highlights from the fourth quarter of 2014…
- Cash and cash equivalents and liquid investments of €32.8 million as of December 31, 2014
- ProCervix phase 2 study enrollment completed ahead of schedule
- Genticel wins the Deloitte Technology Fast 50 “Biotech d’Avenir” for 2014
- Post quarter close news: ProCervix phase 2 clinical study to continue as planned after 2nd review by DSMB
Genticel (Euronext Paris and Brussels: FR0011790542 – GTCL), a French biotechnology company and leading developer of therapeutic vaccines, today announces its cash and cash equivalents and liquid investments position and its highlights from the fourth quarter of 2014.
Financial highlights – Fourth quarter 2014
As of December 31, 2014, Genticel’s net cash and cash equivalents and liquid investments position was €32.8 million (vs. €35.3 million on September 30, 2014), fully in line with the company’s expectations for these items.
Given the current development stage of its therapeutic vaccines candidates and the company’s value-creation strategy for these assets, Genticel has as of yet no revenue to report.
Business highlights – Fourth quarter 2014
239 patients enrolled ahead of schedule in the ProCervix phase 2 study
With the last patient enrolled on November 10, 2014, Genticel completed the enrollment at least four months in advance, reaching yet another significant milestone in the ProCervix development program.
Genticel wins the 2014 Deloitte Technology Fast 50 “Biotech d’Avenir” (Most Promising Biotech) award for SW France
The Deloitte Technology Fast 50 program recognizes fast-growing innovative technology companies. For its Life Sciences awards, growth is measured by the amount of capital raised during the 2013 financial year. This trophy is a recognition of Genticel’s strategy that includes giving the company the necessary financial means for the clinical development of its innovative candidate drugs.
Post quarter close news: ProCervix phase 2 trial to continue as planned after 2nd DSMB review on January 22, 2015
The Data and Safety Monitoring Board (DSMB), an independent committee of experts that monitors safety data every six months during the study, completed its second safety assessment of the phase 2 clinical study with ProCervix and unanimously recommended the continuation of the trial without any modification. The DSMB had previously made the same recommendation during its first review on July 1, 2014.