January 13, 2020 / 7:07 AM / 7 days ago

BRIEF-Biophytis Announces Issuance Of 3 Million Euros Tranche Of Bonds

Jan 13 (Reuters) - BIOPHYTIS SA:

* ANNOUNCED ON FRIDAY ISSUANCE OF 300 BONDS REDEEMABLE IN CASH OR NEW OR EXISTING SHARES (ORNANE), FOR A TOTAL AMOUNT OF 3 MILLION EUROS

* 300 BONDS (ORNANE) WILL HAVE 12-MONTH MATURITY FROM ISSUANCE

* WARRANTS MAY BE EXERCISED FOR A PERIOD OF 5 YEARS

* THIS SECOND TRANCHE OF FUNDING FROM NEGMA WILL ENABLE BIOPHYTIS TO CONTINUE THE CLINICAL DEVELOPMENT OF SARCONEOS FOR THE TREATMENT OF SARCOPENIA AND DUCHENNE MUSCULAR DYSTROPHY

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Further company coverage: (Gdansk Newsroom)

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