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DBV Technologies : DBV Technologies' June 3rd, 2014 Combined shareholders' Meeting
June 03, 2014 09:43 ET
DBV Technologies S.A.
DBV Technologies S.A.
Adoption of all resolutions submitted to the vote of Shareholders
BAGNEUX, France, June 3rd, 2014 - The Combined Shareholders' Meeting of DBV Technologies (Euronext: DBV -ISIN: FR0010417345), creator of Viaskin®, a new standard in the treatment of allergy, chaired by Pierre-Henri Benhamou, Chairman and Chief Executive Officer, was held today in presence of the Board of Directors and the Company's Executive Committee.
The Shareholders' Meeting approved all the resolutions submitted by the Board of Directors. The resolution could be found on DBV's website under the "Investor Relations" section.
During the Meeting, Pierre-Henri Benhamou and David Schilansky, Chief Financial Officer, presented, in particular, the major events and financial results for 2013 as well as the most important events since the beginning of 2014.
About peanut allergy: a life-threatening risk for millions of people
In the US, about 1.1% of the general population, or over 3 million people, is allergic to peanuts, which results in about 100 to 150 deaths per year. This allergy affects both adults and children, and in the United Kingdom, it has been estimated that peanut allergy affects 1.8% of young children. The prevalence of peanut allergy in other Western countries (e.g., Canada, France and Spain) has been studied by many researchers, and the prevalence ranges from 0.9% to 1.5%. Peanut allergy is generally considered to be persistent; many studies indicate that fewer than 20% of children will outgrow their allergy. Peanut allergy is more severe than other common food allergies, including milk and egg allergies.
About DBV Technologies:
DBV Technologies is developing Viaskin®, an innovative new approach to the treatment of allergies - a major public health issue that is constantly increasing in prevalence. Food allergies represent a true handicap in everyday life for millions of people, constituting a major unmet medical need. DBV Technologies, incorporated in France in 2002, has developed a proprietary, worldwide-patented technology for administering an allergen to intact skin while avoiding transfer to the blood. The Viaskin® technology combines efficacy and safety as part of a treatment that seeks to improve the patient's tolerability of peanuts, and thus considerably lowers the risk of a systemic, allergic reaction in the event of accidental exposure The product's clinically proven safety profile enables the application of effective desensitization techniques in the most severe forms of the allergy.
DBV Technologies is focusing on food allergies, including milk and peanut, for which there are currently no effective treatments. DBV Technologies has designed two products: Viaskin® Peanut and Viaskin® Milk. The clinical development program for Viaskin® Peanut has received Fast Track designation from the US Food and Drug Administration and is currently being studies in Phase II program. The company will subsequently develop a Viaskin® patch for young children with house dust mite allergy - a true public health issue because this pathology is a primary risk factors for childhood asthma.
DBV Technologies shares are traded on segment C of Euronext Paris (Ticker: DBV, ISIN code: FR0010417345).
For more information on DBV Technologies, please visit our website: www.dbv-technologies.com
DBV Technologies Contacts
VP Finance, US Investor Relations & Strategy
Tel. : +1 917-346-3447
DBV IR and Media Contacts
Director, Business Development & Corporate Communications
Tel. : +33(0)1 55 42 78 72
U.S. Investor Relations
Tel. : +1 646-378-2926
Tel. : +1 646-513-3125