Data sourced from SEC EDGAR filings and third-party price providers. Scores, valuations, and metrics are algorithmic estimates. This is not investment advice. See our Terms and Methodology.
Data sourced from SEC EDGAR filings and third-party price providers. Scores, valuations, and metrics are algorithmic estimates. This is not investment advice. See our Terms and Methodology.
Poxel SA is a clinical-stage biopharmaceutical company developing innovative treatments for chronic serious diseases driven by metabolic pathophysiology, including metabolic dysfunction-associated steatohepatitis (MASH), type 2 diabetes, and rare disorders such as adrenoleukodystrophy (ALD) and autosomal dominant polycystic kidney disease (ADPKD). Its lead product, TWYMEEG (Imeglimin), a first-in-class oral therapy targeting mitochondrial dysfunction, is approved and marketed in Japan for type 2 diabetes through a partnership with Sumitomo Pharma, generating royalties and milestone payments for Poxel SA. Key pipeline candidates include PXL065, a deuterium-stabilized R-pioglitazone that met its primary endpoint in a Phase 2 trial (DESTINY-1) for MASH, and PXL770, a direct AMPK activator advancing in Phase 2 for rare metabolic diseases. Founded in 2009 as a spin-off from Merck Serono's metabolic business, Poxel SA is headquartered in Lyon, France, with subsidiaries in Boston and Tokyo, and leverages expertise in cellular energy metabolism pathways. Operating in the biotechnology sector, it focuses on advancing programs through strategic collaborations while maximizing value from approved assets.
The business is unprofitable at the operating level (-1451.94% margin). The thesis depends entirely on whether and when it reaches sustainable profitability.
Revenue up 193.9% YoY with margins expanding 1795.8pp.
ROIC dropped from -39.85% to -50.23%, capital efficiency is deteriorating. Negative free cash flow of -€14M. The business is consuming cash, not generating it.
Profitability & Returns
Revenue (TTM)
€2M
▲ +193.9% YoY
Net Income (TTM)
-€35M
▼ -11.8% YoY
Op. Margin
-1451.94%
▲ +1795.8pp YoY
ROIC
-50.23%
▼ -10.4pp YoY
Cash Flow & Balance Sheet
FCF (TTM)
-€14M
▲ +36.0% YoY
Op. Cash Flow (TTM)
-€14M
▲ +29.0% YoY
Net Debt
€45M
Cash & Equiv.
€2M
3Y CAGR: -33.7%
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