Poxel SA reported revenue results for the fourth quarter of 2017. During the fourth quarter, the company generated revenues of €5.2 million ($5.9 million). The revenues reflect 1) a portion of the €36 million ($42 million) upfront payment received from Sumitomo Dainippon Pharma relating to the strategic corporate partnership announced on October 30, 2017 and 2) the Imeglimin Phase 3 program costs in Japan incurred during the fourth quarter that were re-invoiced to Sumitomo Dainippon Pharma and recognized by Poxel as revenue.