Xlife Sciences publishes annual results 2021 and outlook 2022
Xlife Sciences AG / Key word(s): Annual Results Highlights 2021: |
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Successful exit of a project company through the initial public offering of Vitruvia Medical on the Stock Exchange in Munich (unregulated market ['Freiverkehr']. Vitruvia Medical develops innovative circulatory systems for very complex medical devices, in particular robot-assisted surgery. Around 60 percent of the ongoing projects in Xlife Sciences' in more than 20 companies have already passed the 'proof of concept' phase and thus qualify for further exit talks.
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Commitments of government funding and conclusion of licensing agreements with business partners - A good example is our project company inflamed pharma, which, in addition to the pain-associated lead indications, was able to demonstrate an antiviral effect of ProcCluster(R) in virus-infected lung cell cultures and positive results in observational studies in long-covid and post-covid patients. The positive test results open up new treatment options for RNA-induced respiratory virus infections such as COVID-19. The effect of ProcCluster(R) on COVID-19 will be further analyzed in a project funded by the European Regional Development Fund.
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Strengthening and expanding the network with research institutions, including the Philipps University of Marburg (Germany). The exclusive cooperation with this renowned university enables the project company Inventum Genetics to research cellular disease mechanisms of multifactorial diseases such as cancer using modern genetic and molecular biological methods. In case of partnering with third parties, Xlife Sciences AG would receive corresponding royalties.
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