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DBV Technologies Update

Key Takeaway: DBV Technologies has updated investors regarding its financial standing, confirming that it does not hold any cash deposits or securities at Silicon Valley Bank. The company is actively developing Viaskin, a proprietary technology for delivering immunotherapy via the skin, particularly targeting food allergies. Notably, DBV is conducting ongoing clinical trials for Viaskin Peanut, seeking to provide effective solutions for peanut-allergic patients. The company emphasizes that projections regarding study milestones and outcomes are subject to various uncertainties and risks.

Market Sentiment Analysis

POSITIVE FACTORS

  • DBV Technologies confirms no exposure to Silicon Valley Bank, reducing financial risk.
  • Viaskin technology shows promise in treating food allergies, indicating potential market success.
  • Ongoing clinical trials for Viaskin Peanut could enhance treatment options in the food allergy space.

Full Press Release Details

Montrouge, France, March 13, 2023
DBV Technologies Update
DBV Technologies (Euronext: DBV – ISIN: FR0010417345 – Nasdaq Market: DBVT), a clinical-stage biopharmaceutical company, informs its investors that it does not hold cash deposits or securities at Silicon Valley Bank.
About DBV Technologies
DBV Technologies is developing Viaskin™, an investigational proprietary technology platform with broad potential applications in immunotherapy. Viaskin is based on epicutaneous immunotherapy, or EPIT™, and is DBV Technologies’ method of delivering biologically active compounds to the immune system through intact skin. With this new class of non-invasive product candidates, the Company is dedicated to safely transforming the care of food-allergic patients. DBV Technologies’ food allergies programs include ongoing clinical trials of Viaskin Peanut. DBV Technologies has global headquarters in Montrouge, France, and North American operations in Basking Ridge, NJ. The Company’s ordinary shares are traded on segment B of Euronext Paris (Ticker: DBV, ISIN code: FR0010417345) and the Company’s ADSs (each representing one-half of one ordinary share) are traded on the Nasdaq Global Select Market (Ticker: DBVT).
Forward Looking Statements
This press release may contain forward-looking statements and estimates, including statements regarding the therapeutic potential of Viaskin™ Peanut as a treatment for peanut-allergic children and the potential benefits of EPIT™, DBV Technologies’ clinical development and regulatory plans, timing and projections of VITESSE study milestones, and timing and anticipated results of interactions with regulatory agencies. All statements about VITESSE study milestones, enrollment and anticipated results contained herein are DBV’s best estimates and projections are based on performance of previous studies and are subject to known and unknown risks, uncertainties and other factors that may cause actual results, performance and achievements with respect to the VITESSE study to differ materially from the estimates and projections contained herein. These forward-looking statements and estimates are not promises or guarantees and involve substantial risks and uncertainties and may be impacted by market conditions as well as other risks and uncertainties set forth in DBV Technologies’ regulatory filings with the Autorité des Marchés Financiers (“AMF”), DBV Technologies’ filings and reports with the U.S. Securities and Exchange Commission (“SEC”) and future filings and reports made with the AMF and SEC. Existing and prospective investors are cautioned not to place undue reliance on these forward-looking statements and estimates, which speak only as of the date hereof. Other than as required by applicable law, DBV Technologies undertakes no obligation to update or revise the information contained in this Press Release.
Viaskin and EPIT are trademarks of DBV Technologies.

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Frequently Asked Questions

Does DBV Technologies have funds at Silicon Valley Bank?

No, DBV Technologies has no cash deposits or securities at Silicon Valley Bank.

What is the purpose of Viaskin™ technology?

Viaskin™ aims to deliver biologically active compounds via intact skin for immunotherapy.

Where is DBV Technologies headquartered?

DBV Technologies is headquartered in Montrouge, France.

What type of products does DBV Technologies develop?

DBV Technologies develops non-invasive product candidates for food allergies.

What is the focus of DBV's clinical trials?

The focus is on Viaskin Peanut for treating peanut-allergic children.

Last updated: Mar 13, 2023