PHAXIAM Therapeutics: Update on the Receivership Procedure
24 Avril 2025 - 6:00PM
Business Wire
Regulatory News:
PHAXIAM Therapeutics (Euronext: PHXM - FR001400K4B1), a
biopharmaceutical company ("the Company" or "PHAXIAM") developing
innovative treatments for severe and resistant bacterial
infections, announces that it has received two bids as part of a
disposal plan, following the bidding process (appel d’offres)
launched within the framework of the receivership procedure opened
on March 6, 2025.
At this stage, these two offers are not yet admissible.
In this context, the court-appointed administrator
(administrateur judiciaire) has filed a request to convert the
proceedings into judicial liquidation.
The coming days will determine whether the bids can be made
admissible or whether judicial liquidation must be pronounced
swiftly in order to avoid further deterioration of the Company’s
cash position.
As a reminder, whether or not a bid is accepted, the Commercial
Court of Lyon will in any case soon pronounce the judicial
liquidation of the Company. In this context, the Company will
request the delisting of PHAXIAM shares from Euronext.
Furthermore, PHAXIAM draws investors' attention to the fact
that, given the Company's level of indebtedness, the proceeds from
any disposal, should a takeover bid be accepted, will most likely
not allow for any repayment to shareholders.
About PHAXIAM Therapeutics
PHAXIAM is a biopharmaceutical company developing innovative
treatments for resistant bacterial infections, which are
responsible for many serious infections. The company is building on
an innovative approach based on the use of phages, natural
bacteria-killing viruses. PHAXIAM is developing a portfolio of
phages targeting 3 of the most resistant and dangerous bacteria,
which together account for more than two-thirds of resistant
hospital-acquired infections: Staphylococcus aureus, Escherichia
coli and Pseudomonas aeruginosa.
PHAXIAM is listed on the Euronext regulated market in Paris
(ISIN code: FR001400K4B1, ticker: PHXM). PHAXIAM is part of the CAC
Healthcare, CAC Pharma & Bio, CAC Mid & Small, CAC All
Tradable, EnterNext PEA-PME 150 and Next Biotech indexes.
For more information, please visit www.phaxiam.com
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version on businesswire.com: https://www.businesswire.com/news/home/20250424848645/en/
PHAXIAM Thibaut du Fayet CEO +33 4 78 74 44 38
investors@phaxiam.com
NewCap Mathilde Bohin / Dušan Orešanský Investor
Relations Arthur Rouillé Media Relations +33 1 44 71 94 94
phaxiam@newcap.eu
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