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Ryvu declares bigger spending in 2019

16:42

Ryvu declares bigger spending in 2019
Paweł Przewięźlikowski, source: Ryvu Therapeutics

One of the largest innovative biotechnology companies in Europe Ryvu Therapeutics increased spending on research and development of new drug candidates. As a result, operating expenses amounted to PLN 79.5 million and increased by 36 percent compared to last year. Investment expenditure (CAPEX) reached PLN 37 million versus PLN 18 million in 2018.

The company actively obtained grant financing. Last year, it recognized nearly PLN 30 million in…

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