Active Biotech AB Interim report January - March 2018

        

First quarter in brief

• Decision on new share issue with preferential rights for shareholders taken at Extraordinary General Meeting on March 19, 2018
• Patent application for tasquinimod for the treatment of multiple myeloma approved in the US
• Product patent for the second patent family in the SILC project granted in the US

Events after the end of the period

• The rights issue implemented in April was oversubscribed by approximately 30 percent. The company received a capital infusion of approximately SEK 46,9 M after issue expenses
• Our partner NeoTX presented new preclinical data for ANYARA at the AACR Annual Meeting in Chicago

Financial summary

SEK M	Jan-Mar			Full-year
	2018	2017			2017
Net sales	4.8	4.7			20.2
Operating loss	-8.5	-14.6			*-102.5
Loss after tax	-10.2	-15.8			*-108,8
Loss per share (SEK)	-0.11	-0.16			-1.12
Cash and cash equivalents (at close of the period)	12.8	62.7			25.2

   * of which write down of property SEK 50 M

For further information, please contact:

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

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

The report is also available at https://www.activebiotech.com/en.

Active Biotech AB Interim report January - March 2018

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Source: Active Biotech via Globenewswire