Pixium Vision Announces the Launch of a Process to Find Buyers

Pixium Vision SA announced that a tender process (appel d’offres) for the purpose of finding buyers to acquire the company's business will be published October 19.

Unable to find financial investors within the restricted timeframe and in line with the company's needs, Pixium said a safeguard plan is no longer an option. As a result, the company will be requesting the conversion of safeguard proceedings (procédure de sauvegarde) into receivership (redressement judiciaire). In this context, the deadline for submission of offers has been set by the court-appointed administrators to November 20, 2023 at 12:00 pm.

Interested candidates are invited to contact the court-appointed administrators, SCP Abitbol & Rousselet, represented by Joanna Rousselet, and Selarl FHB, represented by Hélène Bourbouloux.

Access to an electronic data room will be granted once the candidate has signed a confidentiality agreement and submitted a brief presentation of interest. The market will be regularly informed of developments in the procedure and, more generally, of the company's financial situation.

Pixium Vision is the developer of bionic vision systems designed to enable those who have lost thier sight to regain visual perception and greater autonomy. The Prima System sub-retinal miniature photovoltaic wireless implant is in clinical testing for patients who have lost their sight due to outer retinal degeneration, initially for atrophic dry age-related macular degeneration (AMD).