Poxel Provides Corporate Update and Reports Cash and Revenue for the Third Quarter and Nine Months 2022
The royalty stream from TWYMEEGs growth is poised to deliver significant value to Poxel, noted Thomas Kuhn, Chief Executive Officer of Poxel.
- The royalty stream from TWYMEEGs growth is poised to deliver significant value to Poxel, noted Thomas Kuhn, Chief Executive Officer of Poxel.
- This is an important milestone for Poxel, but also more broadly for NASH, for which there is still no approved treatment.
- Based on these results, we are prioritizing PXL065 in NASH and are actively looking for a partner to advance its development.
- Third Quarter and Nine Months Ended September 30, 2022 Cash and Revenue
As of September 30, 2022, total cash and cash equivalents were EUR 17.1 million (USD 16.6 million), as compared to EUR 16.1 million at June 30, 2022.