Active Biotech AB Year-end report January - December 2016
Laquinimod
- The clinical trials CONCERTO, ARPEGGIO and LEGATO-HD are progressing according to plan
- The study results from the pivotal clinical Phase 3 CONCERTO trial in relapsing remitting multiple sclerosis (RRMS) are expected in the first half of 2017
- The study results from the clinical Phase 2 ARPEGGIO trial, evaluating laquinimod for the treatment of primary progressive multiple sclerosis (PPMS), are expected in the second half of 2017
- Orphan Drug Designation granted in the US by the FDA ("US Food and Drug Administration") for laquinimod for the treatment of Huntington's disease
ANYARA
- A licensing agreement has been entered into with NeoTX Therapeutics Ltd
Tasquinimod, Paquinimod and SILC
- Out-licensing activities are continuing
- The European Patent Office has granted a patent application covering tasquinimod for use in the treatment of multiple myeloma
- Product patent for SILC substances granted by the European Patent Office
New share issue
- Rights issue implemented in fourth quarter generating proceeds of SEK 53.7 M for the company after issue expenses
Financial summary
| SEK M | Oct - Dec | Jan - Dec | ||
| 2016 | 2015 | 2016 | 2015 | |
| Net sales | 7.1 | 5.0 | 19.0 | 16.3 |
| Operating loss | -13.5 | -28.2 | -55.1 | -177.9 |
| Loss for the period | -14.8 | -40.8 | -59.6 | -193.5 |
| Loss per share, before and after dilution (SEK) | -0.16 | -0.45 | -0.65 | -2.13 |
| Cash and cash equivalents | 77.7 | 103.6 | ||
- Operating costs for full-year 2016 reduced by 62% (SEK 120.1 M) compared with 2015
- Operations are progressing according to plan pending the Phase 3 results for laquinimod in the first half of 2017
For further information, please contact:
| Tomas Leanderson, President and CEO Tel: +46 (0) 46 19 20 95 Hans Kolam, CFO Tel: +46 (0)46 19 20 44 | Active Biotech AB (Corp. Reg. No. 556223-9227) Box 724, SE-220 07 Lund Tel: +46 (0)46-19 20 00 |
The report is also available at www.activebiotech.com .
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