Active Biotech AB – Interim report January – June 2017
Second quarter in brief
- In April, the US Food and Drug Administration (FDA) granted Orphan Drug Designation for tasquinimod for the treatment of multiple myeloma
- The primary clinical endpoint from the Phase III trial of laquinimod in RRMS (CONCERTO study) was not met. The secondary endpoints (brain atrophy, relapse rate and MRI-data) were achieved and in line with previous studies
- Out-licensing activities are continuing for tasquinimod, paquinimod and SILC
Events after the end of the period
- Helén Tuvesson succeeds Tomas Leanderson as President & CEO of the company July 1, 2017
- In July, a patent application for the use of ANYARA in combination with PD-1 inhibitors for the treatment of cancer was published on WIPO’s (World Intellectual Property Organization) website www.wipo.int
Financial summary
| SEK M | April-June | Jan.-June | Full-year | ||
| 2017 | 2016 | 2017 | 2016 | 2016 | |
| Net sales | 5.1 | 3.9 | 9.8 | 7.9 | 19.0 |
| Operating loss | -23.1 | -14.5 | -37.7 | -30.6 | -55.1 |
| Loss for the period | -24.4 | -15.5 | -40.2 | -32.3 | -59.6 |
| Loss per share, before and after dilution (SEK) | -0.25 | -0.17 | -0.42 | -0.36 | -0.65 |
| Cash and cash equivalents (at the end of the period) | 47.7 | 57.4 | 77.7 |
For further information, please contact:
| Helén Tuvesson, President & CEO Tel: +46 (0)46-19 21 56
Hans Kolam, CFO |
Active Biotech AB (Corp. Reg. No. 556223-9227) Box 724, SE-220 07 Lund Tel: 046 (0)46-19 20 00 |
The report is also available at www.activebiotech.com.
Active Biotech AB – Interim report January – June 2017
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Source: Active Biotech via Globenewswire