Revenues of €6.0 million, an increase of 4.6% compared to 2016
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 Daix (France), November 7, 2017 – Inventiva, 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
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