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COSMO PHARMA NV ORD - CMOPF STOCK NEWS

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Cosmo Pharma NV ORD (CMOPF) is a pharmaceutical company focused on developing and commercializing products to treat gastrointestinal disorders, aid in colonic lesion detection, and address dermatological conditions. The company's core products include Lialda/Mezavant/Mesavancol, Uceris/Cortiment, Aemcolo/Relafalk, Lumeblue, and Winlevi. Cosmo's partnership with Medtronic for GI Genius, an AI-based system for colon cancer detection, has resulted in significant advancements in the healthcare sector. The company's commitment to responsible and regulated AI in healthcare is evident through initiatives like the AI Access program and integration of the NVIDIA IGX platform into GI Genius, enabling real-time patient care and innovative medical solutions.

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Cosmo Pharmaceuticals (SIX: COPN, FSE: C43) has announced the appointment of Dominika Spilarova as Chief Strategy Officer, effective January 10, 2025. This newly created position will report directly to the CEO. Spilarova brings over 15 years of experience in Life Sciences and management consulting, having previously worked with PwC and running her own Life Sciences consulting business. She has a track record of developing strategies that have impacted businesses with revenues ranging from $26 million to $19.5 billion.

In addition to her CSO role, Spilarova will serve as acting Chief of Staff for the executive leadership team until a permanent appointment is made. The appointment comes as Cosmo reports a strong close for Full Year 2024, with the company focusing on strategy-led growth and innovation.

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Cosmo Pharmaceuticals N.V. (SIX: COPN, FSE: C43) shareholders approved the appointment of Deloitte Accountants B.V. as the new independent auditor for the financial year ending December 31, 2024, at an Extraordinary General Meeting (EGM) held on October 18, 2024. This decision follows the Board of Directors' proposal to rotate auditors in line with good governance practices. The previous auditor had been in place since 2016.

The EGM saw a representation of 8,367,544 ordinary shares, constituting 47.70% of Cosmo's total outstanding ordinary shares as of the record date. This change in auditors reflects Cosmo's commitment to maintaining strong corporate governance standards.

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Cosmo Pharmaceuticals has appointed Svetlana Sigalova as its new Chief Financial Officer, effective November 11, 2024. Sigalova, who previously served as Vice President of Commercial Finance at Moderna, brings extensive experience in managing multibillion-dollar revenue streams and developing financial infrastructure. She succeeds Niall Donnelly, who will transition to a new role as EVP - Corporate Governance & Chief Sustainability Officer.

In her new position, Donnelly will focus on strengthening Cosmo's corporate governance framework and advancing ESG initiatives, including carbon footprint reduction. He will remain an executive member of the Board of Directors. CEO Giovanni Di Napoli expressed confidence that Sigalova's expertise will guide Cosmo's financial strategy and support its global expansion, while Donnelly's new role will reinforce the company's commitment to responsible growth and long-term value.

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Cosmo Pharmaceuticals has appointed Egle Gedrimaite as the new Head of Global Business Development, effective October 1, 2024. Egle brings 15 years of experience in business development and alliance management across pharmaceutical, medical device, and nutraceutical industries. She will report to Giovanni Di Napoli, CEO of Cosmo.

Egle's expertise includes developing successful business in both B2B and B2C sectors, and driving development projects from inception to completion. She holds a degree in International Communications and Communication Systems from the Università per Stranieri di Perugia.

Giovanni Di Napoli expressed enthusiasm about the appointment, emphasizing Cosmo's focus on innovation, excellence, and growth. He also reflected on his first three months as CEO, highlighting the company's commitment to expanding its global footprint and creating value for shareholders.

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Cosmo Pharmaceuticals has announced the publication of a landmark study in The Lancet, demonstrating the efficacy of their GI Genius™ intelligent endoscopy system in colonoscopy procedures. The COLO-DETECT study, a multicentre, open-label, randomised controlled trial, showed that GI Genius™ improved the detection of colorectal adenomas in an additional 8.3% of patients compared to standard colonoscopy practices.

This significant advancement in colorectal cancer screening could potentially reduce cancer incidence. The study reinforces the value of integrating AI into routine clinical practice for enhanced accuracy in cancer screening. Cosmo Pharmaceuticals, in partnership with Medtronic for global distribution, remains committed to advancing patient care through AI-assisted healthcare technology.

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Cosmo Intelligent Medical Devices (Cosmo IMD), a division of Cosmo Pharmaceuticals, has received FDA 510(k) clearance for its next-generation GI Genius™ hardware. This sixth-generation device, exclusively distributed by Medtronic globally, represents a significant advancement in AI-enhanced endoscopy. Key features include:

1. Enhanced AI capabilities
2. Versatile AI app integration
3. Improved connectivity
4. Energy efficiency
5. Reliable performance

The hardware incorporates the FDA-cleared ColonPRO™ software, designed to assist endoscopists in identifying potential polyps during colorectal cancer screenings. Utilizing NVIDIA IGX Orin™ and NVIDIA Holoscan™ technologies, the GI Genius™ system aims to elevate physician performance and standardize quality metric reporting in healthcare.

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Cosmo Pharmaceuticals N.V. (SIX: COPN, FSE: C43) reported robust financial performance for H1 2024, confirming its full-year guidance. Key highlights include:

- Health Tech: $100 million upfront payment from Medtronic, with an additional $100 million expected this year
- Dermatology: Winlevi® continues as the #1 prescribed topical acne product in the U.S.
- Revenue increased to €136.2 million (H1 2023: €43.7 million)
- EBITDA of €94.2 million
- Operating profit of €87.0 million (H1 2023: €7.1 million)
- Net profit of €76.1 million (H1 2023: €1.5 million)

The company confirmed its 2024 guidance with total revenues expected in the range of €260-270 million and operating profit between €159-169 million.

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Cosmo Pharmaceuticals will release its Half-Year 2024 results on Wednesday, 24 July 2024, at 07:00 am CEST. The company invites investors, analysts, and journalists to a live video webcast at 2:00 pm CEST the same day, featuring a Q&A session. The webcast will be hosted by CEO Giovanni Di Napoli, CFO Niall Donnelly, and other members of the leadership team. Participants can join via a provided webcast link or phone, with key numbers for Switzerland/Europe, the UK, and the US. The Half-Year Report and replay of the webcast will be available online for three months post-event.

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On July 5, 2024, Cosmo Pharmaceuticals' shareholders approved all resolutions proposed by the Board of Directors at an Extraordinary General Meeting. Key decisions included a 90% increase in dividend distribution to €2.00 per ordinary share, payable on July 12, 2024. The FY2023 annual accounts were adopted, and updates to the company's remuneration policy were approved. A total of 7,173,931 ordinary shares were represented, constituting 40.89% of Cosmo's total outstanding shares.

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Cosmo Pharmaceuticals announced the approval of its oral diagnostic drug, Lumeblue, for the Chinese market by the National Medical Products Administration (NMPA) on June 11, 2024. The corresponding Drug Registration Certificate was also obtained on June 18, 2024. Lumeblue, developed for colorectal cancer screening and diagnosis, shows significant improvement in detecting non-polypoid colorectal lesions, as demonstrated in a phase III clinical trial in China. The drug will be exclusively supplied by Cosmo and distributed by China Medical System Holdings (CMS). China's colorectal cancer screening is expected to grow due to an aging population, highlighting the potential market for Lumeblue.

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FAQ

What is the current stock price of COSMO PHARMA NV ORD (CMOPF)?

The current stock price of COSMO PHARMA NV ORD (CMOPF) is $66.9252 as of December 17, 2024.

What is the market cap of COSMO PHARMA NV ORD (CMOPF)?

The market cap of COSMO PHARMA NV ORD (CMOPF) is approximately 1.1B.

What is Cosmo Pharma NV ORD (CMOPF) focused on?

Cosmo Pharma NV ORD (CMOPF) is focused on developing and commercializing products to treat gastrointestinal disorders, aid in colonic lesion detection, and address dermatological conditions.

What are some of Cosmo's core products?

Cosmo's core products include Lialda/Mezavant/Mesavancol, Uceris/Cortiment, Aemcolo/Relafalk, Lumeblue, and Winlevi.

What is the significance of Cosmo's partnership with Medtronic?

Cosmo's partnership with Medtronic for GI Genius, an AI-based system for colon cancer detection, has resulted in significant advancements in the healthcare sector.

How is Cosmo contributing to responsible AI in healthcare?

Cosmo is actively contributing to responsible AI in healthcare through initiatives like the AI Access program and the integration of the NVIDIA IGX platform into GI Genius, enabling real-time patient care and innovative medical solutions.

What are Cosmo's key focus areas for innovation?

Cosmo's key focus areas for innovation include accelerating the adoption of regulated AI in healthcare, addressing unmet clinical needs, improving patient outcomes, and revolutionizing the healthcare sector with advanced AI technology.

COSMO PHARMA NV ORD

OTC:CMOPF

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CMOPF Stock Data

1.12B
7.75M
47.29%
12.83%
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