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Business Wire
30-07-2025
- Business
- Business Wire
Medincell Announces the Availability of its 2024-25 Universal Registration Document including the Annual Financial and CSR Reports
MONTPELLIER, France--(BUSINESS WIRE)--Regulatory News: Medincell (Paris:MEDCL): The 2024-25 Universal Registration Document (URD) filed with the French market authority (Autorités des Marchés Financiers, or AMF) under the reference D.25-0580 includes: the Annual Financial Report for the year ending on March 31, 2025 the management report the CSR report the report on corporate governance the proposed text of the resolutions to be submitted to the Shareholders' Meeting of September 11, 2025 The URD can be consulted on the Company's website (Investors section) and on the AMF's website ( The CSR report alone can also be downloaded from the Company's website (Investors section). The English version of the URD will be available on the Company's website (Investors section) in the coming days. About Medincell Medincell is a clinical- and commercial-stage biopharmaceutical licensing company developing long-acting injectable drugs in many therapeutic areas. Our innovative treatments aim to guarantee compliance with medical prescriptions, to improve the effectiveness and accessibility of medicines, and to reduce their environmental footprint. They combine active pharmaceutical ingredients with our proprietary BEPO ® technology which controls the delivery of a drug at a therapeutic level for several days, weeks or months from the subcutaneous or local injection of a simple deposit of a few millimeters, entirely bioresorbable. The first treatment based on BEPO ® technology, intended for the treatment of schizophrenia, was approved by the FDA in April 2023, and is now distributed in the United States by Teva under the name UZEDY ® (BEPO ® technology is licensed to Teva under the name SteadyTeq™). We collaborate with leading pharmaceutical companies and foundations to improve global health through new treatment options. Based in Montpellier, Medincell currently employs more than 140 people representing more than 25 different nationalities. UZEDY ® and SteadyTeq™ are registered trademarks of Teva Pharmaceuticals. This press release may contain forward-looking statements, particularly concerning the progress of the Company's clinical trials. Although the Company considers that its forecasts are based on reasonable assumptions, any statements other than statements of historical fact that may be contained in this press release relating to future events are subject to change without notice, to factors beyond the Company's control and to the Company's financial capabilities. These statements may include, but are not limited to, any statements beginning with, followed by or including words or expressions such as "objective", "believe", "expect", "aim", "intend", "may", "anticipate", "estimate", "plan", "project", "will", "may", "probably", "should", "could" and other words or expressions of similar meaning or used in the negative. Forward-looking statements are subject to inherent risks and uncertainties beyond the Company's control which may cause actual results, performance or achievements of the Company to differ materially from those anticipated or implied by such statements. A list and description of such risks, hazards and uncertainties can be found in the documents filed by the Company with the Autorité des Marchés Financiers (AMF) pursuant to its regulatory obligations, including in the Company's document de base, registered with the AMF on September 4, 2018 under number I. 18-062, as well as in documents and reports to be published subsequently by the Company. Furthermore, these forward-looking statements only apply as of the date of this press release. Readers are cautioned not to place undue reliance on these forward-looking statements. Except as required by law, the Company undertakes no obligation to publicly update these forward-looking statements, nor to update the reasons why actual results may differ materially from those anticipated in the forward-looking statements, even if new information becomes available. The Company's updating of one or more forward-looking statements does not imply that it will or will not update these or any other forward-looking statements. This press release is published for information purposes only. The information contained herein does not constitute an offer to sell or a solicitation of an offer to buy or subscribe for securities of the Company in any jurisdiction whatsoever, particularly in France. Similarly, this press release does not constitute investment advice and should not be treated as such. It is not intended to address the investment objectives, financial situation or specific needs of any particular recipient. It should not be relied upon as a substitute for the exercise of your own judgement. All opinions expressed in this document are subject to change without notice. The distribution of this press release may be restricted by law in certain jurisdictions. Persons into whose possession this press release comes are required to inform themselves about and to observe any such restrictions.
Time of India
12-05-2025
- Business
- Time of India
Electricity bills of power consumers in Delhi to be hiked by 7-10% in May-June period
The electricity bills of power consumers in Delhi will be hiked by 7-10 per cent in the May-June period due to revision of PPAC charged by the discoms, officials said on Sunday. The power purchase adjustment cost (PPAC) refers to rise in fuel (coal, gas) costs incurred by the generation companies which is recovered by discoms from the consumers. It is calculated as percentage of fixed charge and energy charge (units consumed) components of the electricity bill. The Delhi Electricity Regulatory Commission (DERC) in its separate orders earlier this month allowed the three discoms to recover the PPAC of third quarter of 2024-25 in the May-June 2024 period. The PPAC allowed are 7.25 per cent for BRPL, 8.11 per cent for BYPL and 10.47 percent for TPDDL. No reaction was available from the discoms on the increase in PPAC allowed by the DERC. The United Residents of Delhi (URD), an umbrella body of residents welfare associations in the city, slammed the move as "arbitrary". "The process under which PPAC charges have been imposed on the people of Delhi by DERC is legally wrong," said a statement from URD general secretary Saurabh Gandhi. No reaction was immediately available from the DERC over the allegation. "For the last several years, the Commission has been benefiting the power companies from other items. Now we had great hope from the Commission that has been formed that it will complete the work of tariff determination by following the prescribed procedure, but this Commission conducted a virtual public hearing where not enough time was given to the stakeholders to state their case," Gandhi claimed. It is also a fact that the PPAC claimed by various discoms and the PPAC awarded by DERC is different. For BRPL it is 7.25 per cent, for BYPL it is 8.11 per cent and for TPDDL it is 10.47 percent, he said. "Since the cost of fuel surcharge under u/s 64(4) is almost the same for all discoms, the percentage differential tariff should have been the same," Gandhi added. Discom sources defended the PPAC and said that it was in line with the DERC's regulations orders issued in different time periods for different discoms. "The PPAC is recovered to ensure timely pass through of power purchase cost, which is dependent upon the coal and gas prices, to the consumer. It is a statutory mandate and the process is very transparent and validated by the regulator," they said. Without PPAC, discoms will have liquidity stress and they will have no money to pay the power generation companies, sources added.
Economic Times
12-05-2025
- Business
- Economic Times
Electricity bills of power consumers in Delhi to be hiked by 7-10% in May-June period
Tired of too many ads? Remove Ads Tired of too many ads? Remove Ads Popular in Energy 1. Adani Power wins bid to supply 1500 MW thermal power to Uttar Pradesh The electricity bills of power consumers in Delhi will be hiked by 7-10 per cent in the May-June period due to revision of PPAC charged by the discoms, officials said on Sunday. The power purchase adjustment cost (PPAC) refers to rise in fuel (coal, gas) costs incurred by the generation companies which is recovered by discoms from the is calculated as percentage of fixed charge and energy charge (units consumed) components of the electricity Delhi Electricity Regulatory Commission (DERC) in its separate orders earlier this month allowed the three discoms to recover the PPAC of third quarter of 2024-25 in the May-June 2024 PPAC allowed are 7.25 per cent for BRPL, 8.11 per cent for BYPL and 10.47 percent for reaction was available from the discoms on the increase in PPAC allowed by the United Residents of Delhi (URD), an umbrella body of residents welfare associations in the city, slammed the move as "arbitrary"."The process under which PPAC charges have been imposed on the people of Delhi by DERC is legally wrong," said a statement from URD general secretary Saurabh reaction was immediately available from the DERC over the allegation."For the last several years, the Commission has been benefiting the power companies from other items. Now we had great hope from the Commission that has been formed that it will complete the work of tariff determination by following the prescribed procedure, but this Commission conducted a virtual public hearing where not enough time was given to the stakeholders to state their case," Gandhi is also a fact that the PPAC claimed by various discoms and the PPAC awarded by DERC is different. For BRPL it is 7.25 per cent, for BYPL it is 8.11 per cent and for TPDDL it is 10.47 percent, he said."Since the cost of fuel surcharge under u/s 64(4) is almost the same for all discoms, the percentage differential tariff should have been the same," Gandhi sources defended the PPAC and said that it was in line with the DERC's regulations orders issued in different time periods for different discoms."The PPAC is recovered to ensure timely pass through of power purchase cost, which is dependent upon the coal and gas prices, to the consumer. It is a statutory mandate and the process is very transparent and validated by the regulator," they PPAC, discoms will have liquidity stress and they will have no money to pay the power generation companies, sources added.
The Hindu
11-05-2025
- Business
- The Hindu
Power bills likely to rise by 7-10%; Oppn., residents slam move
Electricity bills in Delhi are likely to increase by 7-10% during the May-June billing cycle due to a revision in the power purchase adjustment cost (PPAC), which is a surcharge levied on consumers to offset power procurement costs incurred by discoms due to a rise in fuel costs, officials said on Sunday. The Delhi Electricity Regulatory Commission (DERC) earlier this month had permitted three discoms to recover costs linked to fuel price fluctuations during the third quarter of 2024-25. The approved PPAC rates are 7.25% for BSES Rajdhani Power Limited, 8.11% for BSES Yamuna Power Limited, and 10.47% for Tata Power Delhi Distribution Limited. Although there was no immediate response from the BJP-led Delhi government, the Congress's Delhi unit slammed the ruling party, claiming that this is yet another 'financial blow to residents' of the city. 'The Rekha Gupta government is emulating the corrupt [Arvind] Kejriwal government by increasing the PPAC surcharge,' Delhi Congress president Devender Yadav said, recalling that the BJP had earlier protested against similar hikes during the previous AAP government. The United Residents of Delhi (URD), a body that represents Resident Welfare Associations in the city, denounced the move, terming it 'arbitrary'. 'The process under which PPAC charges have been imposed on the people of Delhi by DERC is legally wrong,' said URD general secretary Saurabh Gandhi. Meanwhile, discom sources defended the PPAC and said it was in line with DERC's orders. 'The PPAC is recovered to ensure timely passing on of power purchase cost, which is dependent upon coal and gas prices, to the consumer. It is a statutory mandate and the process is very transparent and validated by the regulator,' a source said. Without PPAC, discoms will have liquidity stress and no money to pay the power generation companies, the source added. (With inputs from The Hindu Bureau)
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Business Standard
11-05-2025
- Business
- Business Standard
Electricity bills of Delhi consumers to be hiked by 7-10% in May-Jun period
The power purchase adjustment cost (PPAC) refers to rise in fuel (coal, gas) costs incurred by the generation companies which is recovered by discoms from the consumers Press Trust of India New Delhi The electricity bills of power consumers in Delhi will be hiked by 7-10 per cent in the May-June period due to revision of PPAC charged by the discoms, officials said on Sunday. The power purchase adjustment cost (PPAC) refers to rise in fuel (coal, gas) costs incurred by the generation companies which is recovered by discoms from the consumers. It is calculated as percentage of fixed charge and energy charge (units consumed) components of the electricity bill. The Delhi Electricity Regulatory Commission (DERC) in its separate orders earlier this month allowed the three discoms to recover the PPAC of third quarter of 2024-25 in the May-June 2024 period. The PPAC allowed are 7.25 per cent for BRPL, 8.11 per cent for BYPL and 10.47 percent for TPDDL. No reaction was available from the discoms on the increase in PPAC allowed by the DERC. The United Residents of Delhi (URD), an umbrella body of residents welfare associations in the city, slammed the move as "arbitrary". "The process under which PPAC charges have been imposed on the people of Delhi by DERC is legally wrong," said a statement from URD general secretary Saurabh Gandhi. No reaction was immediately available from the DERC over the allegation. "For the last several years, the Commission has been benefiting the power companies from other items. Now we had great hope from the Commission that has been formed that it will complete the work of tariff determination by following the prescribed procedure, but this Commission conducted a virtual public hearing where not enough time was given to the stakeholders to state their case," Gandhi claimed. It is also a fact that the PPAC claimed by various discoms and the PPAC awarded by DERC is different. For BRPL it is 7.25 per cent, for BYPL it is 8.11 per cent and for TPDDL it is 10.47 percent, he said. "Since the cost of fuel surcharge under u/s 64(4) is almost the same for all discoms, the percentage differential tariff should have been the same," Gandhi added. Discom sources defended the PPAC and said that it was in line with the DERC's regulations orders issued in different time periods for different discoms. "The PPAC is recovered to ensure timely pass through of power purchase cost, which is dependent upon the coal and gas prices, to the consumer. It is a statutory mandate and the process is very transparent and validated by the regulator," they said. Without PPAC, discoms will have liquidity stress and they will have no money to pay the power generation companies, sources added. (Only the headline and picture of this report may have been reworked by the Business Standard staff; the rest of the content is auto-generated from a syndicated feed.)
