Nicox Unveils Financial Roadmap: A Deep Dive into 2024's Fiscal Landscape
Nicox SA Reveals Robust Financial Performance and Strategic Milestones for 2024
Nicox SA, a pioneering ophthalmology-focused pharmaceutical company, today announced its comprehensive financial results for the full year 2024, highlighting significant achievements and a strong financial position.
Financial Highlights
- Total revenue reached €7.9 million for the full year
- Exceptional income of €13.7 million secured through the transfer of VYZULTA's future revenue stream to Soleus Capital
- Cash reserves of €10.5 million as of December 31, 2024
- Current financial runway extends into the fourth quarter of 2025
Key Upcoming Milestone
The company anticipates topline results from the NCX 470 second Phase 3 clinical trial, named Denali, in the third quarter of 2025. This represents a critical advancement in the company's ophthalmology research pipeline.
Strategic Outlook
Nicox continues to engage in ongoing business development discussions, demonstrating its commitment to driving innovation and creating value in the ophthalmology sector.