Active Biotech: 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
Â	2017	2016		2017		2016	2016
Â	Â	Â		Â		Â	Â
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)	Â		Â		47.7	57.4	77.7

For further information, please contact:

  Helén Tuvesson, President & CEO   Tel: [phone]     Hans Kolam, CFO   Tel: [phone] Â

Active Biotech AB (Corp. Reg. No. 556223-9227) Box 724, SE-220 07 Lund Tel: [phone] Â

The report is also available at www.activebiotech.com.

Active Biotech AB - Interim report January - June 2017 (http://hugin.info/1002/R/2126480/811875.pdf)

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Source: Active Biotech via Globenewswire