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OctoPlus N.V.

OctoPlus N.V.

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Publicatie datum 29 nov 2007 - 22:22
Statutaire naam OctoPlus N.V.
Titel OctoPlus withdraws follow-on financing due to poor market conditions
Bericht OctoPlus N.V. (“OctoPlus” or the “Company”) (Euronext: OCTO), the drug delivery and development company, announces today that it has withdrawn its follow-on financing due to poor stock market conditions. The Company will continue to keep a close watch on the capital markets and is evaluating its financing alternatives. Joost Holthuis, Chief Executive Officer of OctoPlus, said, “Market conditions have deteriorated in such a way that it is no longer feasible for us to complete a successful financing under the terms we envisaged. We remain fully confident that our versatile drug delivery technology allowing for multiple product candidates will enable a successful future for OctoPlus.”