Advicenne Gears Up for Accelerated Growth - Seite 2

In the United States, the pivotal Phase II/III ARENA-2 clinical trial evaluating ADV7103 in the treatment of dRTA could not be pursued during the COVID-19 crisis, but is expected to resume in the fall with a simplified protocol. In order to optimize value creation in the United States, an American affiliate has been created and will be managed by Robbie McCarthy, an experienced pharmaceutical industry executive. His mission is to set up a local operational team, whose aim is to complete clinical study and proceed to the registration of ADV7103 as soon as possible.

“I have accompanied Advicenne since its creation as a director and then as an investor,” André Ulmann, Advicenne’s Chief Executive Officer, comments, “A few weeks of deep immersion in the company within teams totally committed to its success have confirmed my confidence in our ability to execute our market plan to deploy ADV7103. We have also begun to identify as yet untapped potential in terms of addressable markets. I am convinced that our impact can be significantly increased by optimizing actions and their costs according to patients’ priorities and needs. To this end, a territory-by-territory analysis is underway to optimize our commercial impact and risk-return profile. Our financial visibility is solid, allowing us to move forward and implement our plan.”

About Advicenne

Advicenne (Euronext: ADVIC) is a pharmaceutical company specializing in the development and commercialization of innovative treatments in the field of nephrology. Our lead drug candidate, ADV7103, is currently in late-stage clinical trials for two renal indications, distal renal tubular acidosis (dRTA) and cystinuria, for both of which it has been granted orphan drug designation by the European Commission.

At Advicenne, our ambition is to deploy an innovative formulation in the development of new medicines that respond to unmet medical needs in the areas of nephrology and pediatrics.

Based in Paris, Advicenne has been listed on the Euronext Paris stock exchange since 2017 and was cross-listed on the Euronext Brussels stock exchange in 2019.

Forward-Looking Statements - Advicenne

This press release contains certain forward-looking statements which shall not be considered per se as historical facts. Such statements include projections and estimates, and the hypotheses on which these are based, as well as observations relating to operations, ongoing projects, objectives, the development of products and their future performance, and expectations regarding financial results.