Medincell Increases the Amount Allocated to the Liquidity Contract with Rothschild Martin Maurel
15 Avril 2025 - 7:48PM
Business Wire
Regulatory News:
In order to accompany the increase in the volumes of shares
traded daily, Medincell (Paris:MEDCL) signed on April 11, 2025 an
amendment to the Liquidity Agreement entered into with Rothschild
Martin Maurel on September 10, 2024, in accordance with the
provisions of Regulation (EU) No. 596/2014 of the European
Parliament and of the Council of April 16, 2014, Commission
Delegated Regulation (EU) 2016/908 of February 26, 2016, Articles
L. 225-209 et seq. of the French Commercial Code, AMF Decision No.
2018-01 of July 2, 2018 (the AMF Decision) and the provisions
referred to therein.
Under this amendment, Medincell has increased the resources
allocated to its Liquidity Contract by 600,000 euros (six hundred
thousand euros).
It should be noted that when the Liquidity Agreement was
implemented on September 10, 2024, the following resources were
provided:
- 466,568.49 euros
- 8,824 Medincell shares
The resources allocated to the implementation following this
amendment are:
- 1,168,010.83 euros
- 3,000 Medincell shares
Execution of the liquidity contract may be suspended under the
conditions set out in article 5 of the AMF's Decision. It may also
be suspended at Medincell's request for technical reasons, such as
the counting of shares carrying voting rights prior to a
Shareholders' Meeting or the counting of shares carrying dividend
rights prior to detachment of the coupon, for a period defined by
Medincell.
The Liquidity Agreement may be terminated at any time by
Medincell or with prior notice by Rothschild Martin Maurel under
the conditions set out in the agreement.
About Medincell
Medincell is a clinical- and commercial-stage biopharmaceutical
licensing company developing long-acting injectable drugs in many
therapeutic areas. Our innovative treatments aim to guarantee
compliance with medical prescriptions, to improve the effectiveness
and accessibility of medicines, and to reduce their environmental
footprint. They combine active pharmaceutical ingredients with our
proprietary BEPO® technology which controls the delivery of a drug
at a therapeutic level for several days, weeks or months from the
subcutaneous or local injection of a simple deposit of a few
millimeters, entirely bioresorbable. The first treatment based on
BEPO® technology, intended for the treatment of schizophrenia, was
approved by the FDA in April 2023, and is now distributed in the
United States by Teva under the name UZEDY® (BEPO® technology is
licensed to Teva under the name SteadyTeq™). We collaborate with
leading pharmaceutical companies and foundations to improve global
health through new treatment options. Based in Montpellier,
Medincell currently employs more than 140 people representing more
than 25 different nationalities.
UZEDY® and SteadyTeq™ are trademarks of Teva Pharmaceuticals
medincell.com
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version on businesswire.com: https://www.businesswire.com/news/home/20250415706314/en/
David Heuzé Head of Corporate and Financial
Communications, and ESG david.heuze@Medincell.com / +33 (0)6 83 25
21 86 Grace Kim Chief Strategy Officer, U.S. Finance
grace.kim@medincell.com / +1 (646) 991-4023 Nicolas Mérigeau/
Arthur Rouillé Media Relations Medincell@newcap.eu / +33 (0)1
44 71 94 94 Louis-Victor Delouvrier/Alban Dufumier Investor
Relations France Medincell@newcap.eu / +33 (0)1 44 71 94 94
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