Active Biotech AB Interim report January – June 2015
· Operations focused on the laquinimod projects and organization adjusted accordingly
Laquinimod
· The pivotal CONCERTO clinical Phase III study in relapsing remitting MS (RRMS) is fully enrolled and results are expected in 2017
· The first patient was enrolled for the ARPEGGIO Phase II study, which will evaluate laquinimod’s potential for treatment of primary progressive multiple sclerosis (PPMS)
· The Phase II study LEGATO-HD into Huntington’s disease is proceeding according to plan
· Laquinimod presented by Teva at the AAN Annual Meeting on April 18-25, 2015
Tasquinimod
· Results from the Phase III study 10TASQ10 showed that treatment with tasquinimod significantly reduced the risk of radiographic cancer progression compared to placebo (rPFS, HR=0.69, CI 95%: 0.60 – 0.80) in patients with metastatic castration-resistant prostate cancer (mCRPC) who have not received chemotherapy, but did not extend overall survival (OS, HR=1.09, CI 95%: 0.94 – 1.28).
· Further development of tasquinimod discontinued and the collaboration agreement with Ipsen terminated
ISI
· Only commercial activities will be conducted from 2016
Financial summary
MSEK | April – June | Jan. – June | Jan. – Dec. | |||||
2015 | 2014 | 2015 | 2014 | 2014 | ||||
Net sales | 3.2 | 2.7 | 6.1 | 4.9 | 10.4 | |||
Operating loss | -70.1 | -57.9 | -127.5 | -117.2 | -228.5 | |||
Loss for the period | -71.4 | -57.7 | -129.3 | -117.9 | -231.5 | |||
Loss per share (SEK) | -0.79 | -0.77 | -1.44 | -1.57 | -3.02 | |||
Cash and cash equivalents | 186.6 | 227.7 | 328.5 |
For further information, please contact:
Tomas Leanderson, President and CEO
Tel: +46 (0)46 19 20 95
Hans Kolam, CFO
Tel: +46 (0)46 19 20 44
The report is also available at www.activebiotech.com
Active Biotech AB
Corp. Reg. No. 556223-9227)
Box 724, SE-220 07 Lund
Tel: +46 (0)46 19 20 00
Fax: +46 (0)46 19 11 00
Active Biotech AB Interim report January – June 2015
—
This announcement is distributed by NASDAQ OMX Corporate Solutions on behalf of NASDAQ OMX Corporate Solutions clients.
The issuer of this announcement warrants that they are solely responsible for the content, accuracy and originality of the information contained therein.
Source: Active Biotech via Globenewswire
HUG#1944149