Spexis announces engagement with Maxim Group LLC as M&A advisor to support evaluation of strategic transactions
Spexis AG / Key word(s): Strategic Company Decision
Spexis announces engagement with Maxim Group LLC as M advisor to support evaluation of strategic transactions
30-Jun-2023 / 07:15 CET/CEST
Release of an ad hoc announcement pursuant to Art. 53 LR
The issuer is solely responsible for the content of this announcement.
Spexis announces engagement with Maxim Group LLC as M advisor to support evaluation of strategic transactions
Ad hoc announcement pursuant to Art. 53 LR
Allschwil, Switzerland, June 30, 2023
Spexis AG (SIX: SPEX), a clinical-stage biopharmaceutical company focused on rare diseases and oncology, today announced that it has engaged Maxim Group LLC as a financial advisor to assist in the evaluation of strategic alternatives and fundraising opportunities. Spexis continues to seek additional funding, a strategic transaction or both to advance its ColiFin® Phase 3 program through the planned single pivotal efficacy and safety COPA study following the completion of the COPILOT once-a-day dosing, safety and tolerability clinical trial.
Maxim Group LLC is a full-service investment banking firm headquartered in New York with approximately 240 employees. Maxim Group provides a full array of financial services, including investment banking; private wealth management; and global institutional equity, fixed-income, and derivatives sales and trading, as well as equity research.
Commenting on the engagement of Maxim Group by Spexis, Jeff Wager, MD, Chair CEO, remarked, “The engagement of Maxim Group to assist us in our M A and fundraising efforts is aligned with our mission to fully leverage the recently announced relationship with SPRIM Global Investments and strategic opportunities within the current biotech markets to fully finance our lead asset – the ColiFin® Phase 3 program.”
About Spexis
Spexis (SIX: SPEX) is a clinical-stage biopharmaceutical company based in Allschwil, Switzerland, focused on macrocycle therapeutics for rare diseases and oncology. For further information please visit: www.spexisbio.com.
Disclaimer
This press release contains forward-looking statements which are based on current assumptions and forecasts of Spexis management. Known and unknown risks, uncertainties, and other factors could lead to material differences between the forward-looking statements made here and the actual development, in particular Spexis’ results, financial situation, and performance. Readers are cautioned not to put undue reliance on forward-looking statements, which speak only of the date of this communication. Spexis disclaims any intention or obligation to update and revise any forward-looking statements, whether as a result of new information, future events or otherwise.
For further information please contact:
For Investors:Hernan Levett
Chief Financial Officer
Spexis AG.
+41 61 567 16 00
IR@spexisbio.com For Media:
Dr. Stephan Feldhaus
Feldhaus Partner
+41 79 865 92 56
feldhaus@feldhaus-partner.ch
End of Inside Information Language: English Company: Spexis AG Hegenheimermattweg 125 4123 Allschwil Switzerland Phone: +41 61 567 1600 Fax: +41 61 567 1601 E-mail: info@spexisbio.com Internet: www.spexisbio.com ISIN: CH0106213793 Valor: SPEX Listed: SIX Swiss Exchange EQS News ID: 1669425
End of Announcement EQS News Service
1669425 30-Jun-2023 CET/CEST