Corporate | 2 July 2013 21:29
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WILEX AG / Key word(s): Alliance
PRESS RELEASE Burrill Securities supports WILEX in exploring financing partners Munich, Germany / San Francisco, CA, USA, 2 July 2013 – WILEX AG (ISIN DE0006614720 / WL6 / FSE) has engaged the investment banking firm Burrill Securities LLC as its exclusive advisor to assist the Company in selecting partners for the financing of WILEX’s projects. WILEX is a biopharmaceutical company listed on the Frankfurt Stock Exchange in the Regulated Market / Prime Standard. The Company was founded in 1997 by a team of physicians and oncologists from the Technical University of Munich. WILEX’s mission is to develop diagnostic and therapeutic product candidates for the specific detection and targeted treatment of various types of cancer. The Company’s product candidates are based on antibodies and small molecules. WILEX Group works within the segments therapeutics, diagnostics and customer specific research and is one of the most comprehensive personalized medicine companies in Germany. Burrill Securities provides life sciences companies with access to financial resources through global capital and a complementary blend of financial advisory services on public and private financings and cross-border transactions, including M&A, strategic partnerships, spinouts, and public and private capital raising. It provides companies enhanced access to public market investors through its Institutional Equities business. Burrill Securities LLC, member FINRA/SIPC is the investment banking arm of Burrill & Company (www.burrillandco.com). WILEX’s Chief Executive Officer Olaf Wilhelm, MD, PhD commented: ‘We believe that we can best serve the interests of all our shareholders by exploring every possible alternative to enhance shareholder value as well as to secure financing of planned future phase III trials’. ‘We are excited to work with the WILEX management team to unlock maximum shareholder value. We have known the Company for a long time and the mix of targeted therapeutics and diagnostics is a good fit for the market today’, commented Stephen Hurly, CEO Burrill Securities.
About WILEX
This communication contains certain forward-looking statements relating to the Company’s business, which can be identified by the use of forward-looking terminology such as ‘estimates’, ‘believes’, ‘expects’, ‘may’, ‘will’, ‘should’, ‘future’, ‘potential’ or similar expressions or by a general discussion of the Company’s strategy, plans or intentions. Such forward-looking statements involve known and unknown risks, uncertainties and other factors, which may cause our actual results of operations, financial position, earnings, achievements, or industry results, to be materially different from any future results, earnings or achievements expressed or implied by such forward-looking statements. Given these uncertainties, prospective investors and partners are cautioned not to place undue reliance on such forward-looking statements. We disclaim any obligation to update any such forward- looking statements to reflect future events or developments.
End of Corporate News 02.07.2013 Dissemination of a Corporate News, transmitted by DGAP – a company of EQS Group AG. The issuer is solely responsible for the content of this announcement. DGAP’s Distribution Services include Regulatory Announcements, Financial/Corporate News and Press Releases. Media archive at www.dgap-medientreff.de and www.dgap.de |
| Language: | English | |
| Company: | WILEX AG | |
| Grillparzerstr. 10 | ||
| 81675 München | ||
| Germany | ||
| Phone: | +49 (0)89 41 31 38 – 0 | |
| Fax: | +49 (0)89 41 31 38 – 99 | |
| E-mail: | info@wilex.com | |
| Internet: | www.wilex.com | |
| ISIN: | DE0006614720 | |
| WKN: | 661472 | |
| Listed: | Regulierter Markt in Frankfurt (Prime Standard); Freiverkehr in Berlin, Düsseldorf, München, Stuttgart | |
| End of News | DGAP News-Service |
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