VivoSim regains Nasdaq compliance and updates financials
Received $5 million milestone and $1 million escrow release from Eli Lilly, completed $4 million financing, and holds $10.1 million cash.
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Human-relevant 3D liver and intestinal toxicology model developer
vivosim.aiLast updated
In short: VivoSim regained Nasdaq compliance, secured $6 million from Eli Lilly, and launched its first commercial testing services in China.
Received $5 million milestone and $1 million escrow release from Eli Lilly, completed $4 million financing, and holds $10.1 million cash.
The two initial engagements with Chinese pharma companies mark a milestone in Asia-Pacific expansion and validate channel strategy.
The placement is with a single healthcare-focused institutional investor and includes warrants exercisable at $0.85 per share.
The milestone triggers upon Phase 2 patient dosing. VivoSim is eligible for up to $45 million additional payments.
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