Poxel Reports Financial Results for Full Year 2023 and Provides Corporate Update [Yahoo! Finance]
SUMITOMO CHEM UNSP/ADR (SOMMY)
NASDAQ:AMEX Investor Relations:
sumitomo-chem.co.jp/english/ir
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Source: Yahoo! Finance
"With the royalty monetization agreement concluded with OrbiMed, we are now focused on the plans for each of our products. First, as we recovered the rights for countries, other than Japan, covered under the agreement with Sumitomo Pharma, we have already engaged in partnering discussions to develop and market Imeglimin in China, the world's second-largest type 2 diabetes market, and other regions where Imeglimin can potentially be quickly developed and approved. We are also looking forward to the results of the discussions by Sumitomo Pharma with the regulatory authorities in Japan on revising TWYMEEG ® package insert for type 2 diabetic patients with renal impairment, anticipated in FY 2024 . For PXL770 and PXL065, we aim to finalize discussions with several potential partners before deciding on our investment decisions and development strategies," stated Thomas Kuhn, Chief Executive Officer of Poxel. TWYMEEG ® (Imeglimin) For the quarter ended June 2024, TWYMEEG ® gross sales
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