Inventiva: Third-Quarter 2017 Financial Information

Revenues of €6.0 million, an increase of 4.6% compared to 2016

barre inventiva 4

Inventiva: third-quarter 2017 financial information

► End of September cash level increased to €64.9 million compared to €64.4 million in June, 2017

► Revenues of €6.0 million, an increase of 4.6% compared to 2016

barre inventiva 4

Daix (France), November 7, 2017Inventiva, a biopharmaceutical company developing innovative therapies, particularly to treat fibrosis, published today its cash position and its third-quarter 2017 revenues.

Inventiva’s revenues (1) for the first nine months of 2017 reached €6.0 million, an increase of 4.6% compared to €5.7 million over the same 2016 period. In 2017 the partnership with Boehringer Ingelheim generated revenues of €3.2 million, including €2.5 million in non-recurring income coming from the exercise of the option to develop jointly new therapies for idiopathic pulmonary fibrosis (IPF). In 2016 the revenue figure also included a €2 million of non-recurring income from the second milestone payment from AbbVie.

As of September 30, 2017, Inventiva’s cash and cash equivalents (1) stood at €64.9 million compared to €64.4 million as of June 30, 2017 and €24.8 million as of December 31, 2016. Since the beginning of the year, Inventiva’s cash position was significantly reinforced by the €48.5 million raised during the IPO on the regulated market of Euronext Paris on February 15, 2017.

Net cash generation from operations (1) amounted to €0.7 million for the third quarter. Operational expenditures for the quarter are offset by the payment of the €3.6 million research tax credit received on August 10, 2017 as well as by the €2.5 million option payment received mid-September by Boehringer Ingelheim. Furthermore, R&D operational expenditure over the first three quarters of 2017 grew by 20% compared to 2016, due to an increase of activity on the projects in clinical development.

(1) Unaudited


Please find the complete press release enclosed to this message

About Inventiva: www.inventivapharma.com

Inventiva is a biopharmaceutical company specialized in the development of drugs interacting with nuclear receptors, transcription factors and epigenetic modulators. Inventiva’s research engine opens up novel breakthrough therapies against fibrotic diseases, cancers and orphan diseases with substantial unmet medical needs.

Lanifibranor, its lead product, is an anti-fibrotic treatment with a strong action mechanism permitting the activation of all three alpha, gamma and delta PPARs (peroxisome proliferator-activated receptors), which play key roles in controlling the fibrotic process. Its anti-fibrotic action targets two initial indications with substantial unmet medical need: NASH, a severe and increasingly prevalent liver disease already affecting over 30 million people in the United States, and systemic sclerosis, a disease with a very high mortality rate and for which there is no approved treatment to date.

Inventiva is also developing in parallel, a second clinical product, odiparcil, which is a treatment for three different forms of mucopolysaccharidosis: MPS I or Hurler-Scheie syndrome, MPS II or Hunter syndrome and MPS VI also known as Maroteaux-Lamy syndrome. Inventiva has a preclinical stage oncology portfolio.

Inventiva benefits from partnerships with world-leading research entities such as the Institut Curie. Two strategic commercial partnerships have also been developed with AbbVie and Boehringer Ingelheim, making Inventiva eligible for preclinical, clinical, regulatory and commercial milestone payments, in addition to royalties on the products resulting from the partnerships.

Inventiva employs over 100 highly qualified employees and owns state-of-the-art R&D facilities near Dijon, acquired from the international pharmaceutical group Abbott. The Company owns, a proprietary chemical library of over 240,000 molecules as well as integrated biology, chemistry, ADME and pharmacology platforms.

Contacts

Inventiva

NewCap

NewCap

Frédéric Cren

Julien Perez / Mathilde Bohin

Nicolas Merigeau / Arthur Rouillé

Chief Executive Officer

Investor Relations

Media Relations

info@inventivapharma.com

inventiva@newcap.eu

inventiva@newcap.eu

+33 (0)3 80 44 75 00

+33 (0)1 44 71 98 52

+33 (0)1 44 71 94 98

MORE ON THIS TOPIC