25.11.2015
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DGAP-News: Deutsche Biotech Innovativ AG invests funds from capital increase in clinical development of sepsis drug Adrecizumab
DGAP-News: Deutsche Biotech Innovativ AG / Key word(s): Capital
Increase
Deutsche Biotech Innovativ AG invests funds from capital increase in
clinical development of sepsis drug Adrecizumab
25.11.2015 / 11:32
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PRESS RELEASE
Deutsche Biotech Innovativ AG invests funds from capital increase in
clinical development of sepsis drug Adrecizumab
Hennigsdorf, 25 November 2015 - The Deutsche Biotech Innovativ AG ("DBI")
was able to generate gross proceeds of over 1.6 million Euros from its
current capital increase. In total 48,938 new shares were placed at an
issue price of 33.50 Euros. The new shares are expected to be delivered
beginning of December 2015.
The proceeds from the capital increase will be invested in particular in
the upcoming clinical development of the sepsis drug Adrecizumab which is
developed by the project company Adrenomed AG.
"The financing market for biotech companies is difficult in Germany, in
particular for young companies. With our first public offering we have
therefore not achieved the desired goal, but nevertheless, we will push the
further development of our pipeline - also with additional own resources",
says Dr. Bernd Wegener, CEO of DBI AG.
The application for the first-in-man clinical study with Adrecizumab is
about to be submitted. In this study, the drug will be tested for its
safety, tolerability and its effects on the human organism. The study is to
be completed in 2016, so that the phase II study can follow directly
afterwards in 20 to 30 clinical centers across Europe. The final results of
the phase II study are expected by the end of 2018.
About Deutsche Biotech Innovativ AG
Deutsche Biotech Innovativ AG is a biotechnology company that uses
innovative blood biomarkers to research and clinically develop unique
therapies for serious diseases lacking adequate medical treatment options.
Its focus is on drugs for sepsis and cancer. The company's main product is
Adrecizumab, a patented drug to reduce mortality due to organ failure in
septic shock. Adrecizumab has successfully completed the preclinical phase
and will be tested in a phase I study starting end of 2015.
DBI AG aims to further expand its drug pipeline and invest in the research
and development of drugs with high unique-selling-point potential.
Both members of DBI AG's Management Board, Dr Bernd Wegener and Dr. Andreas
Bergmann, have many years of experience in the biotechnology field. Both
were founders and part of the management team of B.R.A.H.M.S. AG, a highly
successful biotechnology company specialized in blood biomarkers. It was
sold in 2009 for around 330 million euro. Dr. Bernd Wegener is also a
member of the Executive Board of the Association of the German
Pharmaceutical Industry (Bundesverband der Pharmazeutischen Industrie).
For more information, please contact:
Deutsche Biotech Innovativ AG
Ms. Susanne Wallace
Tel.: +49 (0)3302 20 77 811
Email: [email protected]
Kirchhoff Consult AG
Ms. Anja Ben Lekhal
Tel.: +49 (0)40 609 186 55
Email: [email protected]
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25.11.2015 Dissemination of a Corporate News, transmitted by DGAP - a
service of EQS Group AG.
The issuer is solely responsible for the content of this announcement.
The DGAP Distribution Services include Regulatory Announcements,
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Media archive at www.dgap-medientreff.de and www.dgap.de
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