GeNeuro SA Announces the Opening of Receivership Proceedings for Its French Subsidiary GeNeuro Innovation SAS
12 Junho 2025 - 5:42PM
Business Wire
Regulatory News:
GeNeuro (Euronext Paris: CH0308403085 - GNRO), a
biopharmaceutical company developing new treatments for
neurodegenerative and autoimmune diseases, announces that, at the
company's request, the Lyon Economic Activities Court decided on
June 11, 2025 to open receivership proceedings against GeNeuro
Innovation SAS, the sole subsidiary of GeNeuro SA.
Due to its own financial difficulties, GeNeuro Innovation SAS
was obliged to place itself under the protection of the Lyon
Commercial Court. The Court appointed SELARL FHBX as receiver.
This decision is part of the restructuring process of the
GeNeuro Group, which announced on May 27 that it had obtained a
definitive debt-restructuring moratorium in Switzerland for its
parent company, GeNeuro SA, a moratorium which is not affected by
the receivership of its subsidiary.
About GeNeuro
GeNeuro‘s mission is to develop safe and effective treatments
against neurological disorders and autoimmune diseases, such as
multiple sclerosis, by neutralizing causal factors encoded by
HERVs, which represent 8% of human DNA. GeNeuro is based in Geneva,
Switzerland and has R&D facilities in Lyon, France.
For more information, visit: www.geneuro.com
Disclaimer
This press release contains certain forward - looking statements
and estimates concerning GeNeuro’s financial condition, operating
results, strategy, projects and future performance and the markets
in which it operates. Such forward-looking statements and estimates
may be identified by words, such as “anticipate,” “believe,” “can,”
“could,” “estimate,” “expect,” “intend,” “is designed to,” “may,”
“might,” “plan,” “potential,” “predict,” “objective,” “should,” or
the negative of these and similar expressions. They incorporate all
topics that are not historical facts. Forward looking statements,
forecasts and estimates are based on management’s current
assumptions and assessment of risks, uncertainties and other
factors, known and unknown, which were deemed to be reasonable at
the time they were made but which may turn out to be incorrect.
Events and outcomes are difficult to predict and depend on factors
beyond the company’s control. Consequently, the actual results,
financial condition, performances and/or achievements of GeNeuro or
of the industry may turn out to differ materially from the future
results, performances or achievements expressed or implied by these
statements, forecasts and estimates. Owing to these uncertainties,
no representation is made as to the correctness or fairness of
these forward-looking statements, forecasts and estimates.
Furthermore, forward-looking statements, forecasts and estimates
speak only as of the date on which they are made, and GeNeuro
undertakes no obligation to update or revise any of them, whether
as a result of new information, future events or otherwise, except
as required by law.
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GeNeuro Jesús Martin-Garcia Chairman and CEO
investors@geneuro.com
GeNeuro (EU:GNRO)
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