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Celon Pharma SACelon Pharma wants to generate over PLN 20 mln in grant revenue by end-2025
Listed pharmaceuticals company Celon Pharma expects grant revenue for the third and fourth quarters to reach at least PLN 20 million (EUR 4.7 mln) or exceed this amount by a few PLN millions, CEO Maciej Wieczorek announced at the results conference.
"For the entire third quarter, we expect it to be several million zlotys, and for the third and fourth quarters, revenues from grants should reach between PLN 20 million and over PLN 20 million," CEO Wieczorek told the conference.
He added that subsidy revenues for the first half of the year, amounting to PLN 4.8 million (EUR 1.13 mln), do not actually reflect the actual amount of reimbursements for research and development work, which was at the level of 30-40 percent.
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