Vita 34 AG
ISIN: DE000A0BL849
WKN: A0BL84
09 August 2024 05:04PM

EQS-Adhoc: Subsidiaries of Vita 34 reach agreement with US licensor

Vita 34 AG · ISIN: DE000A0BL849 · EQS - adhoc news
Country: Germany · Primary market: Germany · EQS NID: 1965227

EQS-Ad-hoc: Vita 34 AG / Key word(s): Agreement/Scheme of Arrangement
Subsidiaries of Vita 34 reach agreement with US licensor

09-Aug-2024 / 17:04 CET/CEST
Disclosure of an inside information acc. to Article 17 MAR of the Regulation (EU) No 596/2014, transmitted by EQS News - a service of EQS Group AG.
The issuer is solely responsible for the content of this announcement.


Subsidiaries of Vita 34 reach agreement with US licensor

Leipzig, 9 August 2024
– Vita 34 AG announced on 27 September 2023 that its subsidiaries, FamiCordTx S.A. (“FamiCordTx”) and Polski Bank Komórek Macierzystych sp. z o.o. (“PBKM”) filed a lawsuit against a U.S. biotechnology company ("Licensor"), as the Licensor was unable to comply with the license agreement under which the FamiCordTx and PBKM had acquired an exclusive permission for the use of CAR-T technology (the "CAR-T Licence"). This means the Licensor could not grant the CAR-T Licence to the extent required for the project. Based on this license, FamiCordTx intended to develop and market cancer immunotherapy.

The civil action was filed on 27 September 2023 in a United States district court. The complaint alleged claims, among others, for material breach of the agreement by the Licensor. Despite the filing of the action, the parties involved continued negotiations in good faith to resolve this dispute. 

Today the parties completed their negotiations for a termination agreement of the original license agreement and a new know-how license agreement between FamiCordTx and PBKM on the one hand and the Licensor on the other, which solves the topic of the lawsuit.

The new know-how licensing agreement is limited in its scope and covers technology and know-how previously transferred by the Licensor to FamiCordTx and PBKM. The know-how licensing agreement secures access to the CAR-T technology required in particular for the modified projects and provides for lower-level market standard royalty payments by FamiCordTx and PBKM in case of commercial use or sale without milestone payments.


Notifying person: Jakub Baran (CEO)
 

--- End of inside information pursuant to Art. 17 MAR ---



End of Inside Information

Information and Explanation of the Issuer to this announcement:

Contact:
Vita 34 AG
Investor Relations
Phone: +49 (0341) 48792 – 40
Email: ir@vita34.de

 

Company Profile

Vita 34 was founded in Leipzig in 1997 and today is by far the leading cell bank in Europe and the third largest worldwide. As the first private umbilical cord blood bank in Europe and a pioneer in cell banking, the company has since offered the collection logistics, processing and storage of stem cells from umbilical cord blood, umbilical cord tissue and other postnatal tissues as a full-service provider for cryopreservation. Due to the expansion of the business model following the merger with PBKM, the company intends to invest in the areas of Cell & Gene therapies and CDMO. The body's own cells are a valuable starting material for medical cell therapy and are kept alive in the vapor of liquid nitrogen. Customers from about 50 countries have already provided for the health of their families with around one million units of stored biological material at Vita 34.


09-Aug-2024 CET/CEST The EQS Distribution Services include Regulatory Announcements, Financial/Corporate News and Press Releases.
Archive at www.eqs-news.com


Language: English
Company: Vita 34 AG
Deutscher Platz 5a
04103 Leipzig
Germany
Phone: +49(0341)48792-40
Fax: +49(0341)48792-39
E-mail: ir@vita34.de
Internet: www.vita34.de
ISIN: DE000A0BL849
WKN: A0BL84
Listed: Regulated Market in Frankfurt (Prime Standard); Regulated Unofficial Market in Berlin, Dusseldorf, Hamburg, Munich, Stuttgart, Tradegate Exchange
EQS News ID: 1965227

 
End of Announcement EQS News Service

1965227  09-Aug-2024 CET/CEST

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Boersengefluester.de (BGFL) provides an overview of the key figures on sales, earnings, cash flow and dividends to help you better assess the fundamental development of the respective companies. All information is entered manually in our database - the source is the respective annual reports. All estimates for future figures are provided by BGFL.

The most important financial data at a glance
  2018 2019 2020 2021 2022 2023 2024e
Sales1 20,41 19,93 20,07 28,42 68,94 77,06 86,00
EBITDA1,2 4,72 5,43 5,34 0,81 -3,56 5,57 7,40
EBITDA-Margin3 23,13 27,25 26,61 2,85 -5,16 7,23 8,61
EBIT1,4 2,63 2,45 2,38 -3,07 -27,28 -3,12 -1,20
EBIT-Margin5 12,89 12,29 11,86 -10,80 -39,57 -4,05 -1,40
Net Profit (Loss)1 0,83 0,72 1,50 -3,93 -27,38 -2,03 -2,90
Net-Margin6 4,07 3,61 7,47 -13,83 -39,72 -2,63 -3,37
Cashflow1,7 4,60 6,32 3,98 2,73 -4,49 9,15 0,00
Earnings per share8 0,20 0,18 0,37 -0,63 -1,71 -0,12 -0,16
Dividend per share8 0,16 0,00 0,00 0,00 0,00 0,00 0,00
Quelle: boersengefluester.de and Company information
Explanation

1 in Mio. Euro; 2 EBITDA = Earnings before interest, taxes, depreciation and amortisation; 3 EBITDA in relation to sales; 4 EBIT = Earnings before interest and taxes; 5 EBIT in relation to sales; 6 Net profit (-loss) in relation to sales; 7 Cashflow from operations; 8 in Euro; Source: boersengefluester.de

Auditor: PricewaterhouseCoopers

All relevant valuation ratios, dates and other investor information on your share at a glance. Good to know: All data comes from boersengefluester.de and is updated daily. This means you are always up to date. You can get brief explanations of the key figures by moving the cursor or mouse over the relevant field.

INVESTOR-INFORMATION
©boersengefluester.de
Vita 34
WKN ISIN Legal Type Marketcap IPO Recommendation Plus Code
A0BL84 DE000A0BL849 AG 72,68 Mio € 27.03.2007 Halten 9F3J899W+W5
* * *
PE 2025e PE 10Y-Ø BGFL-Ratio Shiller-PE PB PCF KUV
0,00 27,07 0,00 -35,83 3,19 7,94 0,94
Dividends
Dividend '2022
in €
Dividend '2023
in €
Dividend '2024e
in €
Div.-Yield '2024e
in %
0,00 0,00 0,00 0,00%
Financial calendar
Annual General Meeting Q1-figures Q2-figures Q3-figures Annual press conference
28.06.2024 31.05.2024 30.08.2024 22.11.2024 30.04.2024
Performance
Distance 60-days-line Distance 200-days-line Performance YtD Performance 52 weeks IPO
Last Price (EoD)
+2,49%
4,12 €
ATH 18,82 €
-4,19% -8,57% -21,37% -19,22% -72,53%

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