Beloren | Updates

By Sven Schimansky-Wabra

Degode receives next confirmation from European regulatory authorities

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Public

Dear Companists,

Many thanks for the EUR 500,000, which we have reached very quickly.

 

Formula obtains 7th confirmation and study waiver

In keeping with the good news, our formula also obtained the seventh confirmation from an EU authority and the approval of the study waiver.

The current status of FDA approval met with great interest. Here we can inform you that we have almost finalized the FDA documents for consultation with the US authorities and will soon submit them to the FDA. We will inform you about this again in future.

After intensive preliminary negotiations and a first personal meeting in Madrid at the CPHI, we will conduct a personal final negotiation with the planned US partner this year in the US.

A second potential licensing partner for South America showed interest at BIO Europe last week and is thus stimulating the competition. Either the highest bidder will be accepted, or it will possibly even be awarded semi-exclusively.

 

Financing target reached, next target is the limit

We recently reached our financing target of EUR 500,000. Having said that, we still want to collect the EUR 700,000 announced in the Investment Information Sheet. Every euro helps DEGODE to build on a healthy capital base. Naturally, shares are made available according to the calculation, so that everyone receives the same quota depending on the investment.

The additional EUR 200,000 will enable us to examine the short-term inclusion of a second product from the portfolio we have already scanned. Although it is smaller than Skinoren, it is also a semi-solid and prescription product. It would be very cost-neutral to implement it considering the existing synergies in development & production.

 

DEGODE is making inroads into digitization

Database searches have a large share in the development activity. DEGODE no longer carries these out manually on databases it knows; the search is now automated by licensed software on all available databases worldwide. In the end, of course, manual control is still necessary, but this way search processes can be represented extremely effectively, as several hundreds of pharmaceutical databases can be searched simultaneously.

Unfortunately, no newer market data relating to the last update is yet available via the Global Data Databases.

Best greetings,

Sven



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