Sophia Antipolis, France

Nicox S.A. (Euronext Paris: FR0013018124, COX), the international ophthalmic company, today reported the unaudited revenues and cash position for the full year 2015 and provided an update on its corporate activities.

Revenues from our European commercial operations continued to grow throughout 2015. We ended the year with €30 million in cash and are entering 2016 with strong sales momentum,” commented Michele Garufi, Chairman and Chief Executive Officer of Nicox. “We continue to see strong interest from potential partners in our European commercial business, and we are in active discussions with several parties that we believe could ensure the future growth and success of the business. Regarding our R&D pipeline, we are anticipating two potential product approvals this year, for latanoprostene bunod, which is licensed to Bausch + Lomb, and also for our proprietary cetirizine eye drop, AC-170, if a Priority Review is granted. We are also making significant progress with the advancement of our internal pipeline candidates.”

2015 estimated revenue and cash position

Nicox revenues amounted to approximately €9.9 million for the full year 2015, an increase of 65% over 2014, with both 2014 and 2015 sales comprised exclusively of European and International product sales.

Cash, cash equivalents and financial instruments at December 31, 2015 totaled approximately €29.6 million.

The Group’s full 2015 financial results will be released on April 15, 2016.

U.S. and global development programs

European development programs

As previously reported in December 2015 (see Nicox Press Release December 3, 2015), Nicox is currently evaluating a number of strategic options for the European commercial business with different potential partners. Nicox’s European pipeline could potentially be included in these strategic discussions.