Adocia SA (ADOCY) is a French clinical-stage biotechnology company that develops innovative formulations of approved therapeutic proteins and peptides, as well as cell therapy approaches, primarily for the treatment of diabetes and obesity. Founded in 2005 and headquartered in Lyon, France, the company operates through four proprietary technology platforms—BioChaperone®, AdoShell®, AdOral®, and AdoGel®—targeting type 1 and type 2 diabetes, obesity, and related metabolic diseases; its diversified pipeline includes BioChaperone Lispro, an ultra-rapid prandial insulin formulation licensed to Tonghua Dongbao Pharmaceutical Co., Ltd. for China and select Asian territories, which completed Phase 3 trials with positive topline results in type 1 and type 2 diabetes patients in 2025; BioChaperone Combo, a fixed combination of insulin glargine and lispro for improved glycemic control in type 2 diabetes; M1Pram and BioChaperone LisPram, co-formulations of insulin analogs with pramlintide (amylin analog) under exclusive option rights with Sanofi for obesity management in insulin-dependent patients; AdoShell Islets, an immunoprotective hydrogel implant for retrievable islet cell therapy in type 1 diabetes; AdOral Sema, an oral semaglutide GLP-1 receptor agonist; AdoGel Sema, a long-acting injectable hydrogel for semaglutide delivery; and BioChaperone GLP-1 Amylin, a combination for metabolic control. Adocia focuses on licensing its products and platforms to pharmaceutical partners after human proof-of-concept, with operations centered in Europe and strategic alliances extending to Asia and potential global expansion. Recent developments include a €10 million fundraising in December 2025 from CVI Investments, Inc., extending cash runway into early 2027 and supporting industrialization of BioChaperone technology and the new AdoXLong long-acting peptide platform for which a patent was filed in November 2025; a €9.7 million private placement in February 2025; positive Phase 3 data announcements with Tonghua Dongbao in mid-2025 for BioChaperone Lispro; ongoing partnership discussions with Sanofi for M1Pram; and presentations on AdoShell scalability at scientific conferences in 2025.