NYSE Euronext accueille ADOCIA sur son marché européen

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Paris, 20 February 2012– ADOCIA, a key player in regenerative medicine and treatment of chronic diseases, today celebrated its listing on NYSE Euronext in Paris.

Founded in 2005, ADOCIA designed and developed BioChaperone®, a proprietary technology platform that improves the therapeutic performance of proteins such as insulin and the growth factors used to treat diabetes and chronic wounds. The company has several promising products in its portfolio and is currently working in two development partnerships with pharmaceutical companies that rank among the very largest in the industry. It recently signed an exclusive worldwide license with a major company to develop an ultra-fast-acting insulin analogue, an agreement that involves milestone payments that could total as much as $166 million. ADOCIA is based in Lyon and has 49 employees, with 80% working in Research & Development.

ADOCIA (ticker code: ADOC) was listed through the admission to trading of 4,458,710 existing shares and 1,592,798 new shares issued under a Global Offering[1], including full exercise of the extension clause. The Global Offering raised a total of €25.3 million, which could rise to €29.1 million if the Over-allotment option is fully exercised.

The admission and issue price of ADOCIA shares was set at €15.88. Market capitalisation stood at around €96.1 million on the day of listing.

“We are delighted to welcome Lyon-based ADOCIA to NYSE Euronext in Paris. Lyon and its region are home to many chemical, pharmaceutical and biotechnology companies. Together they form a vibrant hub that is France’s premier market for life sciences and one of the largest in Europe,”said Marc Lefèvre, Head of European Coverage at NYSE Euronext.

“The stock exchange contributes to regional job creation, and there is no doubt that in recent years it has strengthened Lyon’s emergence as the second large employment hub in France,”he added. “I would like to congratulate ADOCIA on its successful public offering and also extend my warmest thanks to our local partners, with whom we have set up agreements and who help to offer businesses, particularly SMEs, the benefits of strong momentum for financial markets.”

Gérard Soula, CEO and cofounder of ADOCIA, said: “We are very pleased and proud to be the first company to finalise arrangements for funding this year through a listing on NYSE Euronext in Paris and to do so successfully. On behalf of ADOCIA, I would like to thank all the shareholders who have put their trust in us and who will henceforth accompany us in our growth. I would also like to wholeheartedly thank all our partners and our staff who have enabled us to successfully reach this major milestone. On the eve of this new phase in our development, we would like to reaffirm our strategic intention of making ADOCIA a leading international company in the domains of regenerative medicine and the treatment of diabetes, a strategy made possible by the support of all our new and historical shareholders.”



[1]The Global Offering was made up of an Open Price Public Offering and a Global Placement with institutional investors in France and other countries.

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