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Biophytis Completes €2.6 Million Private Placement

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An update from Biophytis SA ( (FR:ALBPS) ) is now available.

Biophytis SA has completed the settlement and delivery of a private placement valued at approximately 2.6 million euros. This financial maneuver involved the issuance of new ordinary shares and pre-funded warrants, which have been admitted to trading on Euronext Growth. The successful placement, facilitated by Maxim Group LLC and Invest Securities, is expected to enhance Biophytis’s financial position, potentially impacting its operations and market strategy in developing treatments for age-related diseases.

More about Biophytis SA

Biophytis SA is a clinical-stage biotechnology company focused on developing treatments for age-related diseases. The company operates in the biotechnology industry and is listed on Euronext Growth Paris.

YTD Price Performance: -43.43%

Average Trading Volume: 17,907

Technical Sentiment Signal: Buy

Current Market Cap: €3.18M

For detailed information about ALBPS stock, go to TipRanks’ Stock Analysis page.

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