Alligator Bioscience AB: Interim report January-March 2021

STOCKHOLM, April 27, 2021 /PRNewswire/ --                                                                                                           

High activity during the first quarter

"So far, 2021 has been characterized by high activity, with a research collaboration that validates our Discovery concept, and good progress of our clinical programs, with ATOR-1017 and mitazalimab entering clinical efficacy studies this year."

Malin Carlsson, Interim CEO Alligator Bioscience AB

SIGNIFICANT EVENTS JANUARY-MARCH

Pipeline:

• New preclinical data were released in an abstract for a poster presentation at the AACR Annual Meeting 2021, demonstrating that mitazalimab synergizes with chemotherapy.
• Company:
• Søren Bregenholt was appointed as new CEO to strengthen Alligator's business development activities and clinical progress on an international level.
• Oversubscribed rights issue generated proceeds of SEK 86 million before transaction costs.

SIGNIFICANT EVENTS AFTER THE END OF THE PERIOD

• Alligator and the US biopharmaceutical company MacroGenics entered into a joint research collaboration to develop Neo-X-Prime^TM, next generation immune oncology therapy building on Alligator's CD40 expertise.
• The Annual General meeting was postponed to June 1, 2021.
• The Nomination Committee proposed that the Annual General Meeting 2021 re-elects Anders Ekblom and Graham Dixon as board members, and that Hans-Peter Ostler, Eva Sjökvist Saers and Veronica Wallin are elected as new board members.

FINANCIAL SUMMARY

January–March 2021

• Net sales, SEK 0.6 million (0)
• Operating result, SEK -32.5 million (-44.9)
• Result for the period, SEK -32.7 million (-42.9)
• Earnings per share before and after dilution, SEK -0.38 (-0.60)
• Cash flow for the period, SEK 40.4 million (108.4)
• Cash and cash equivalents, incl. interest-bearing securities, SEK 143.7 million (103.3)

The full report is attached as PDF available on the company's website: https://alligatorbioscience.se/en/investors/financial-reports/

For further information, please contact:

Malin Carlsson, Interim CEO

E-mail: [e-mail]

Phone: [phone]

Marie Svensson, CFOE-mail:

[e-mail]

 Phone: [phone]

The information was submitted for publication, through the agency of the contact person set out above, at 08:00 a.m. CET on April 27, 2021.

About Alligator Bioscience

Alligator Bioscience AB is a clinical-stage biotechnology company developing tumor-directed immuno-oncology antibody drugs. Alligator's pipeline includes the two key assets ATOR-1017 and mitazalimab. Furthermore, there are two partnered assets: ALG.APV-527 in co-development with Aptevo Therapeutics Inc. and AC101 in clinical development by Shanghai Henlius Biotech Inc. In addition, the company has developed a novel concept for more patient-specific immunotherapy: Neo-X-Prime. Alligator's shares are listed on Nasdaq Stockholm (ATORX). The Company is headquartered in Lund, Sweden. For more information, please visit www.alligatorbioscience.com.

This information was brought to you by Cision http://news.cision.com

https://news.cision.com/alligator-bioscience/r/alligator-bioscience-ab--interim-report-january-march-2021,c3333891

The following files are available for download:

https://mb.cision.com/Main/12681/3333891/1407692.pdf	Release
https://mb.cision.com/Public/12681/3333891/a9f30b659663b0b3.pdf	Alligator Bioscience AB Interim report Q1 2021

 

View original content:http://www.prnewswire.com/news-releases/alligator-bioscience-ab-interim-report-januarymarch-2021-301277465.html

SOURCE Alligator Bioscience

Copyright 2021 PR Newswire