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Business Summary: Valerio Therapeutics SA formerly Onxeo SA is a France-based clinical-stage biotechnology company. The company targets tumor DNA functions through unparalleled mechanisms of action in the sought-after field of DNA damage response (DDR). It aims at holding a portfolio of advanced programs targeting severe pathologies with unmet clinical needs. It has two programs in clinical development stage: Livatag, a doxorubicin Transdrag in Phase III, for the treatment of primary liver cancer, and Validive, a clonidine Lauriad in Phase II, for treatment of radio/chemo-induced severe oral mucositis at patients with head and neck cancer. It also has one registered product in the United States, Beleodaq/ belinostat, for the treatment of peripheral T-Cell lymphoma (PTCL) and opportunities for further development; and two initial drugs registered in Europe and the United States: Loramyc/ Oravig for the treatment of oropharyngeal candidiasis, and Sitavig for the treatment of recurring herpes labialis.
Financial Summary: BRIEF: For the six months ended 30 June 2024, Valerio Therapeutics SA revenues increased from EUR0K to EUR89K. Net loss decreased 6% to EUR11M. Revenues reflect an increase in demand for the Company's products and services due to favorable market conditions. Lower net loss reflects Licensing Agreement segment loss decrease of 6% to EUR10.9M. Basic Earnings per Share excluding Extraordinary Items increased from -EUR0.10 to -EUR0.07.