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Xintela: Flerie provides short-term funding

[Ingress]

• Flerie commits to exercise all its TO3 warrants
• Awaiting updates on the agreement with EQGen Biomedical
• We keep our fair value at SEK 1.30 per share

Xintela's main owner Flerie, has committed to exercise all its TO3 warrants in the ongoing subscription, adding MSEK 28 to Xintela. Flerie also provided a bridge loan of MSEK 9 to be repaid in December. With short-term funding secured, Xintela can focus on its projects. The recruitment of patients in the venous leg ulcer study advances and an interim report from the osteoarthritis study is expected by the end of Q1 2025. In parallel, the company is setting up the GMP process with Region Östergötland. This is Xintela's first commercial agreement as a provider of advanced therapy medical products (ATMPs). Investors are also awaiting updates on the process with EQGen Biomedicals regarding EQSTEM. 

Read the full report here.

About Market Focus

The research report is prepared as part of Market Focus, Västra Hamnen Corporate Finance's commissioned research offering.

This is a press release from Västra Hamnen Corporate Finance AB. 
Web: vhcorp.se
Twitter: @vhcorp_se (https://x.com/vhcorp_se)

Datum 2024-11-28, kl 12:45
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