Biotech Breakthrough: Inventiva Unveils Annual Performance and Strategic Roadmap for 2024
Inventiva Announces Strong Financial Performance and Strategic Milestones for 2024
Inventiva has reported impressive financial results and significant progress in its clinical development strategy for the year 2024. The company achieved revenues of €9.2 million and maintained a robust cash position of €96.6 million as of December 31, 2024.
Financial Highlights
- Successfully closed the first tranche of a structured financing deal, securing aggregate gross proceeds of €116 million
- Maintained a strong cash reserve of €96.6 million, providing financial stability for future developments
Clinical Development Milestone
In a major breakthrough, the company screened its last patient in the NATiV3 Phase 3 clinical trial for lanifibranor in MASH (Metabolic Associated Steatohepatitis) early in January 2025.
Strategic Pipeline Prioritization
Demonstrating a focused approach to drug development, Inventiva has presented a pipeline prioritization plan to its workers council. The strategy involves concentrating exclusively on the development of lanifibranor and discontinuing all preclinical research activities.