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Poxel Looks To More Twymeeg Partnerships In Asia To Pay Off Debt

Following Japanese Market Success

 
• By Ayisha Sharma

The French firm’s antidiabetic drug has enjoyed some traction in the Japanese market following the end of launch year restrictions, raising hopes that other Asian partnerships could help improve its financial position.  

Mount Fuji in Japan
Japan Has The Biggest Diabetes Market After The US • Source: Shutterstock

Poxel SA is seeking more Asian marketing deals for its Sumitomo Pharma Co., Ltd.-partnered first-in-class anti-diabetic product Twymeeg in a bid to pay off its debt and enhance its dwindling cash position.

As of 31 March, the French firm had €10.6m ($11.6m) in cash but last year’s debt restructuring and separate equity-linked financing arrangement with Iris Capital Investment has extended its runway through Q2 2025

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