Transfer of the Listing of Onxeo Securities From the Euronext Paris Regulated Market (Compartment C) to the Euronext Growth Paris Multilateral Trading Facility
PARIS, July 29, 2020 (GLOBE NEWSWIRE) -- Onxeo S.A. (Euronext Paris, NASDAQ Copenhagen: ONXEO), (“Onxeo” or “the Company”), a clinical-stage biotechnology company specializing in the development of innovative drugs targeting tumor DNA Damage response (DDR), in particular against rare or resistant cancers, today announced the decision to implement the transfer of the listing of its securities from the Euronext Paris regulated market (compartment C) to the Euronext Growth Paris multilateral trading facility.
The purpose of this transfer is to allow Onxeo to be listed on a market which is more suitable to the company’s size and its market capitalization. The transfer to Euronext Growth Paris should make it possible to benefit from a regulatory framework that is better suited to SMEs and reduce listing-related costs. Onxeo intends to maintain current standards in terms of financial communication in order to ensure transparency for its shareholders.
The shareholders at the Ordinary General Meeting of May 29, 2020 approved the proposed transfer of the listing of Onxeo shares from the regulated market of Euronext Paris Compartment C to Euronext Growth Paris, and granted full powers to the Board of Directors to initiate the procedure with Euronext Paris (16th resolution). The Board of Directors, which met on 29 July 2020, decided to implement this transfer.
Onxeo meets the eligibility requirements, i.e. a market capitalization of less than EUR 1 billion and a free float of more than EUR 2.5 million.
As part of its transfer to Euronext Growth Paris, Onxeo will be accompanied by Invest Securities as a listing sponsor.
In accordance with current regulations, Onxeo wishes to inform its shareholders of the possible consequences of such a transfer (non-exhaustive list):
Onxeo will publish its 2020 Half Year Financial Report on September 17, 2020.
Onxeo (Euronext Paris, NASDAQ Copenhagen: ONXEO) is a clinical-stage biotechnology company developing innovative oncology drugs targeting tumor DNA-binding functions through unique mechanisms of action in the sought-after field of DNA Damage Response (DDR). The Company is focused on bringing early-stage first-in-class or disruptive compounds from translational research to clinical proof-of-concept, a value-creating inflection point appealing to potential partners.
platON™ is Onxeo’s proprietary chemistry platform of oligonucleotides acting as decoy agonists, which generates new innovative compounds and broaden the Company’s product pipeline.
AsiDNA™, the first compound from platON™, is a first-in-class, highly differentiated DNA Damage Response (DDR) inhibitor based on a decoy and agonist mechanism acting upstream of multiple DDR pathways. Translational research has highlighted the distinctive properties of AsiDNA™, notably its ability to abrogate tumor resistance to PARP inhibitors regardless of the genetic mutation status. AsiDNA™ has also shown a strong synergy with other tumor DNA-damaging agents such as chemotherapy and PARP inhibitors. The DRIIV-1 (DNA Repair Inhibitor-administered IntraVenously) phase I study has evaluated AsiDNA™ by systemic administration (IV) in advanced solid tumors and confirmed the active doses as well as a favorable human safety profile. The ongoing DRIIV-1b extension study is assessing the safety and efficacy of a 600 mg dose of AsiDNA™ in combination with carboplatin and then with carboplatin and paclitaxel, in patients with solid tumors who are eligible for such treatments. Preliminary results from the first cohort with carboplatin alone showed good tolerability, stabilization of the disease and an increase in the duration of treatment compared to previous treatments.
OX401 is a new drug candidate from platON™, optimized to be a next-generation PARP inhibitor acting on both the DNA Damage Response and the activation of immune response, without inducing resistance. OX401 is undergoing preclinical proof-of-concept studies, alone and in combination with immunotherapies.
For further information, please visit www.onxeo.com.
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