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Stock impact report

GENFIT Reports Full-Year 2019 Financial Results and Corporate Update

GENFIT S.A. - American Depositary Shares (GNFT) 
Company Research Source: GlobeNewswire
Topline interim results from Phase 3 clinical trial RESOLVE-IT expected by the end of May 2020Cash position of €277MM as of December 31, 2019 (vs €207MM as of December 31, 2018)Significant milestones achieved in 2019: Release of full dataset from the successful Phase 2 clinical trial of elafibranor in PBC, leading to “Breakthrough Therapy” and “Orphan Drug” designations Strategic partnership with Terns Pharmaceuticals for the development and commercialization of elafibranor in Greater China, and strategic R&D agreement ($35MM upfront payment, and up to $193MM in milestones payment)Licensing agreement with LabCorp-Covance for NIS4, a non-invasive diagnostic tool for the identification of NASH patients with fibrosisGlobal offering and U.S. IPO on Nasdaq, raising gross proceeds totaling $155MM Change in governance and strengthening of US footprint Conference call scheduled for April 9, 2020 at 8:00am EDT / 14:00 CEST               Lille (France), Cambridge (Massachusetts, United Sta Show less Read more
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