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Fundraisings and IPOs

Date: 2016-07-29

Type of information: Loan

Company: Biophytis (France)

Investors: Bpifrance (France)

Amount: € 1.1 million

Funding type: loan

Planned used:

  • The funds will be used to finance the pharmacokinetic trial of Sarconeos (SARA-PK). This trial will assess pharmacokinetics and safety of Sarconeos in elderly healthy volunteers (> 65 years old). The results of the trial will support the clinical and regulatory filing for Sarconeos, required for authorization of the SARA-INT clinical study (Phase 2b) initiation, currently scheduled to start in the first half of 2017 in target countries (France, Belgium, Italy and USA).

Others: • On July 29, 2016, Biophytis announced that is has received approval of bpifrance for a 1.1 million euros innovation loan to finance the pharmacokinetic trial of Sarconeos (SARA-PK).

Therapeutic area: Muscle disorders

Is general: Yes