and Obtains Commitment from Investors to Provide 10 Million Euros in Financing.
6:30 pm CEST – Adocia (Euronext Paris: FR0011184241 – ADOC), a clinical-stage biopharmaceutical Company focused on the research and development of innovative therapeutic solutions for the treatment of diabetes and obesity, announced today that it has signed an exclusivity agreement with Sanofi for M1Pram. The payment of 10 million euros to Adocia gives Sanofi the exclusive right to negotiate a worldwide partneship for the product. Payment of this sum is due to take place in the next few days, subject to usual conditions.