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Active Biotech AB - Interim report January - September 2017
03:30 EST 9 Nov 2017 | GlobalNewsWire (2014)
Third quarter in brief
- The company's application related to one of the patent families in the SILC project was granted patent in the US
- Preclinical data for a SILC substance was published in the scientific journal Cancer Immunology Research
- The process to divest the company's research facility at Ideon in Lund has been initiated, for further comments related to the company's liquidity situation see the section "Outlook, including significant risks and uncertainties"
Events after the end of the period
- In October, Active Biotech's partner Teva Pharmaceutical Industries Ltd presented new data concerning laquinimod for the treatment of multiple sclerosis at the ECTRIMS-ACTRIMS congress
- The Board of directors has decided to initiate negotiations with the trade unions related to the winding up of the companies animal test facility
Financial summary
| SEK M | July-Sept. | Jan.-Sept. | Full-year | |||||
| 2017 | 2016 | 2017 | 2016 | 2016 | ||||
| Net sales | 5.1 | 4.1 | 14.8 | 12.0 | 19.0 | |||
| Operating loss | -6.5 | -11.1 | -44.2 | -41.6 | -55.1 | |||
| Loss for the period | -8.4 | -12.4 | -48.6 | -44.8 | -59.6 | |||
| Loss per share, before and after dilution (SEK) | -0.09 | -0.14 | -0.50 | -0.50 | -0.65 | |||
| Cash and cash equivalents (at the end of the period) | 35.6 | 39.9 | 77.7 | |||||
For further information, please contact:
| Helén Tuvesson, CEO Tel: +46 (0)46-19 21 56 Hans Kolam, CFO Tel: +46 (0)46 19 20 44 | Active Biotech AB (Corp. Reg. No. 556223-9227) Box 724, SE-220 07 Lund Tel: +46 (0)46-19 20 00 |
The report is also available at www.activebiotech.com.
This announcement is distributed by Nasdaq Corporate Solutions on behalf of Nasdaq 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
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
