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Share Name | Share Symbol | Market | Type | Share ISIN | Share Description |
---|---|---|---|---|---|
Biofrontera | LSE:B8F | London | Ordinary Share | DE0006046113 | ORD NPV (DI) |
Price Change | % Change | Share Price | Bid Price | Offer Price | High Price | Low Price | Open Price | Shares Traded | Last Trade | |
---|---|---|---|---|---|---|---|---|---|---|
0.00 | 0.00% | 145.00 | 0.00 | 01:00:00 |
Industry Sector | Turnover | Profit | EPS - Basic | PE Ratio | Market Cap |
---|---|---|---|---|---|
0 | 0 | N/A | 0 |
Biofrontera AG / Biofrontera AG: Biofrontera Reports Full Year 2015 Financial Results . Processed and transmitted by NASDAQ OMX Corporate Solutions. The issuer is solely responsible for the content of this announcement.
Over the course of 2015, Biofrontera was able to strategically strengthen its shareholder base through two fund raises. The first raise in April issued 1,377,272 new shares with net proceeds of approximately €3.1 million. The second raise in October issued 1,916,588 new shares with investors and provided net proceeds to the Company of €3.5 million. The proceeds from these placements have enabled the Company to finance its ongoing business operations into 2016 and to initiate the establishment of a sales and marketing infrastructure for BF-200 ALA in the U.S.
"We concluded the year having built a strong foundation that will support the tremendous opportunities that are still ahead of us," commented Hermann Luebbert, CEO of Biofrontera AG. "Our expansion in Europe continues to flourish as Ameluz® increases its presence in additional countries alongside our pursuit of a BCC indication for BF-200 ALA. As we advance Biofrontera's operations in the U.S., our interactions with the FDA thus far gives us confidence that we remain on track for the planned U.S. launch of BF-200 ALA in September. The Company has a solid financial standing as we continue to execute on our strategic growth initiatives and drive shareholder value."Ends
Enquiries, please contact: Biofrontera AG Thomas Schaffer, Chief Financial Officer | +49 (0) 214 87 63 2 0 press@biofrontera.com www.biofrontera.com |
IR and PR US: The Ruth Group
IR: Lee Roth / Tram Bui +1 646-536-7012 / 7035
PR: Kirsten Thomas +1 508-280-6592
About Biofrontera
Biofrontera Group (FSE/AIM: B8F, ISIN DE0006046113) is a biopharmaceutical company specializing in the development, sale and distribution of drugs and medical cosmetics for the care and treatment of skin diseases. Biofrontera's most important product is BF-200 ALA, a prescription drug approved in Europe under the name of Ameluz® for the treatment of mild and moderate actinic keratosis (superficial skin cancer) with photodynamic therapy (light therapy). Biofrontera is the first German pharmaceutical start-up company to obtain centralized approval for a drug it has developed itself. The company also plans for Ameluz® to be approved for basal cell carcinoma and is currently preparing for approval of BF-200 ALA in other countries, especially in the largest pharmaceutical market in the world, the United States.
The company also markets the Belixos® dermatological range of cosmetics. Belixos® products, a cream, a gel and a scalp tonic, contain combinations of active substances extracted from plants, relieve itching and redness and are used for the regenerative care of chronic skin conditions such as atopic dermatitis or psoriasis. The Belixos® Protect, a daily skincare for sun-damaged skin, complements this dermo-cosmetic line. All products are available through Amazon.
The Biofrontera Group was established in 1997 by Prof. Dr Hermann Lübbert, the Chairman of the company's Management Board, and has its headquarters in Leverkusen, Germany.
For more information, visit www.biofrontera.com
This communication expressly or implicitly contains certain forward-looking statements concerning the business activities of Biofrontera AG. These forward-looking statements reflect the opinion of Biofrontera at the time of this communication and involve certain known and unknown risks. The actual results achieved by Biofrontera may differ significantly from future results or performances which are published in its forward-looking statements. Biofrontera assumes no responsibility to update its forward-looking statements.
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Biofrontera AG
Hemmelrather Weg 201 Leverkusen Germany
WKN: 604611;ISIN: DE0006046113;
Listed: Freiverkehr in Börse Stuttgart,
Freiverkehr in Börse Berlin,
Freiverkehr in Bayerische Börse München,
Regulierter Markt in Frankfurter Wertpapierbörse,
Regulierter Markt in Börse Düsseldorf;
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