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Semi-Annual Report.pdf

6141d6af14daf31156e91bdf_Semi-Annual Report 2021.pdf
Preview of Semi-Annual Report
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📊 Size: 1.91 MB
📄 Pages: 12 pages
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Summary

Xlife Sciences AG reports a successful first half of 2021, achieving great progress operationally and with its 33 life science projects, despite the COVID-19 pandemic. The company completed a capital increase, receiving over 8 million Swiss francs, and founded two new joint ventures, Quadira Biosciences AG and lx Therapeutics GmbH. Three new projects were added to the portfolio, and key personnel appointments were made, including Dr. Frank Plöger and Dr. Christoph Brücher from Evonik, and Dr. Alexander Zink from Bayer. The company's project, Veraxa Biotech AG, achieved proof of concept for its platforms, identified 20 functional antibodies, and expects to out-license drug development for 23 antibodies, with a potential total discounted licensing income of around 1.5 billion US dollars. Veraxa Biotech's IPO is scheduled for 2022, with a pre-IPO valuation of approximately 220 million Swiss francs.

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Xlife Sciences AG reports a successful first half of 2021, achieving great progress operationally and with its 33 life science projects, despite the COVID-19...

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  • File Format: PDF
  • File Size: 1.91 MB
  • Pages: 12
  • Language: EN
  • Total Downloads: 205
  • Last Updated: 3 days ago

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