DBV Technologies Faces Uncertainties In Securing Necessary Financing Under Favorable Terms Due To Potential Global Financial Disruptions, With Risks Exacerbated By Economic Downturns, Potentially Forcing Operational Scale-Backs Or Unwanted Collaborative Financial Arrangements, Without Adjustments Made In This Financial Statement For Going Concern Uncertainties

Author: Benzinga Newsdesk | July 30, 2024 05:26pm

The Company intends to seek additional capital as it continues research and development efforts and prepares for the launch of Viaskin Peanut, if approved.

The Company cannot guarantee that it will be able to obtain the necessary financing to meet its needs or to obtain funds at attractive terms and conditions, including as a result of disruptions to the global financial markets due to any future pandemics, epidemics or global health crises and conflict in Ukraine or other global political or military crises. A severe or prolonged economic downturn could result in a variety of risks to the Company, including reduced ability to raise additional capital when needed or on acceptable terms, if at all.

If the Company is not successful in its financing objectives, the Company could have to scale back its operations, notably by delaying or reducing the scope of its research and development efforts or obtain financing through arrangements with collaborators or others that may require the Company to relinquish rights to its product candidates that the Company might otherwise seek to develop or commercialize independently.

This interim condensed financial information does not include any adjustments to the carrying amounts and classification of assets, liabilities, and reported expenses that may be necessary if the Company was unable to continue as a going concern.

Posted In: DBVT