Poxel

Poxel

POXEL.PA
Lyon, France· Est.
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POXEL.PA · Stock Price

EUR 0.25-0.11 (-30.94%)
Market Cap: $16.6M

Historical price data

Market Cap: $16.6MPipeline: 14 drugsFounded: 2021Employees: 50-100HQ: Lyon, France

Overview

Poxel is a French biotech focused on developing first-in-class treatments for metabolic diseases by targeting mitochondrial bioenergetics. Its strategy leverages two core platforms—direct AMPK activation and optimized thiazolidinediones (TZDs)—to build a pipeline led by mid-stage NASH candidates PXL065 and PXL770. The company has transitioned to a revenue-generating entity through royalties from its partnered drug, Imeglimin, in Japan, but operates under a court-validated financial recovery plan, highlighting significant capital constraints alongside its clinical progress.

Non-alcoholic Steatohepatitis (NASH)Rare Metabolic DisordersType 2 Diabetes

Technology Platform

Poxel leverages two core platforms: 1) Direct AMPK activation to restore cellular energy homeostasis, and 2) Optimized Thiazolidinediones (TZDs) using deuterium stabilization and enantiomer separation to improve drug profiles.

Pipeline

14
14 drugs in pipeline
DrugIndicationStageWatch
Imeglimin + PlaceboType 2 Diabetes MellitusPhase 2
PXL770AdrenomyeloneuropathyPhase 2
PXL770 + Placebo Oral CapsuleNonalcoholic Fatty LiverPhase 2
PXL065 + Placebo oral tabletNASH - Nonalcoholic SteatohepatitisPhase 2
PXL065ALD (Adrenoleukodystrophy)Phase 2

Funding History

4
Total raised:$155M
Debt$30M
IPO$60M
Series B$40M
Series A$25M

Opportunities

The $196M PXL770 sale provides critical capital to pursue a partnership for PXL065 in the vast, untapped NASH market.
Accelerating royalties from Imeglimin in Japan offer a stabilizing revenue stream.
Successful development of PXL065 could address a multi-billion dollar market with no approved pharmacotherapies.

Risk Factors

Extreme financial distress and shareholder dilution from the court-supervised continuation plan remain paramount.
PXL065 faces significant clinical development and regulatory risk in the competitive NASH landscape.
The company is now wholly dependent on securing a favorable partnership for its sole core asset.

Competitive Landscape

PXL065 competes in a crowded NASH field against large pharma and biotechs, including Madrigal's approved resmetirom and the looming presence of GLP-1 agonists. Poxel's severely constrained financial resources place it at a distinct disadvantage compared to well-capitalized peers, impacting its ability to independently develop and commercialize assets.

Company Timeline

2013Series B

Series B: $40.0M

2015IPO

IPO — $60.0M

2019Debt

Debt: $30.0M

2021Founded

Founded in Lyon, France