The Board of Management of 4SC AG (4SC, FSE Prime Standard: VSC) announced today that according to its best judgment, the Company has now incurred a cumulative loss amounting to more than half of its share capital based on the accounting principles of the German Commercial Code (Handelsgesetzbuch, HGB). This is due to planned operating losses that have accumulated from clinical drug development programs as a normal part of 4SC AG's business and has been expected to occur in Q4 2023, as explained most recently in the Q3 Announcement of 19 October 2023.
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