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: [phone]
  
 Hans Kolam, CFO
 Tel: [phone]
  
 The report is also available at www.activebiotech.com

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

Active Biotech AB Interim report January - June 2015

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Source: Active Biotech via Globenewswire

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