GenSight Biologics Renegotiates Financial Obligations and Provides Operational Updates [Yahoo! Finance]
BNP PARIBAS SPONS ADR (BNPQY)
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Company Research
Source: Yahoo! Finance
company focused on developing and commercializing innovative gene therapies for retinal neurodegenerative diseases and central nervous system disorders, today announced the renegotiation of certain financial obligations, securing its financial position and improving short-term flexibility. The Company also provided operational updates. In connection with its two recent successful capital increases in February 2024 and May 2024, the Company initiated discussions with its creditors. As a result of these discussions, the Company and its creditors have renegotiated the terms and conditions of certain financial obligations. "We continue to make progress in optimizing financial management to support our objectives, and we are grateful to our banking partners and creditors for their continued collaboration in our journey," commented Laurence Rodriguez , Chief Executive Officer of GenSight Biologics. "The renegotiated terms will give GenSight additional operating flexibility as it works o
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