BioSenic raises €500,000 in private placement of new shares with established new investors - Seite 2

The aggregate dilution for the existing shareholders resulting from the issuance of the new shares amounts to 6.95% and upon effective issuance of the new shares, the total number of shares of BioSenic will amount to 175,376,594.

François Rieger, President of the Board and CEO of BioSenic Group, declares: "BioSenic is grateful for the trust in its development projects and capacity to reach significant milestones, expressed by the shareholding participations of two well-known funds, Gestys and Friedland Gestion. The financial conditions of this placement are quite favorable to BioSenic’s shareholders, as no discount is involved in the present deal as compared to the last closing price of the company's shares. Since other funding options are being explored to cover the necessary long-term budget needs, we needed only a modest amount of funds at this stage. Our objective this year is to start patient recruitment for this study, our lead project, as soon as possible. We expect to confirm and extend the good results obtained in a recent Phase 2 study for the use of arsenic trioxide using a patent-protected new oral formulation, OATO, for the treatment of cGvHD."

Banque Delubac & Cie acted as placement agent for the private placement.

About BioSenic

BioSenic is a biotech company specializing in the clinical development of autoimmune disease therapies. Following a reverse merger in October 2022, BioSenic combined its strategic positioning, key strengths and strong IP to develop products along two tracks, separately and in combination. The first platform leverages immunomodulatory properties of arsenic trioxide (ATO) for an entirely new arsenal of formulations, including oral delivery (OATO), for anti-inflammatory and anti-autoimmune indications such as chronic graft-versus-host disease (cGvHD), systemic lupus erythematosus (SLE) and systemic sclerosis (SSc). In parallel, BioSenic develops innovative products through a second platform that includes cell therapies and strong IP protection for tissue repair technologies.

BioSenic is based in the Louvain-la-Neuve Science Park in Mont-Saint-Guibert, Belgium. Further information is available at http://www.biosenic.com.

About BioSenic's technology platforms

The ATO platform has immunomodulatory properties with fundamental effects on the activated cells of the immune system. One direct application is its use in autoimmunity to treat in its chronic, established stage. Chronic GvHD is one of the most common and clinically significant complications affecting long-term survival of allogeneic hematopoietic stem cell transplantation (allo-HSCT), a curative treatment for patients with serious blood diseases, including cancers.